The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-12-15
General Feeling That the Coin
age Should Be Increased.
THE WEST WON'T COMPROMISE.
Jay Gould Is Down on Mckinley Bill
and Silver Legislation.
Interviews With Senators and Repre-
sentatives Indicate FREQ Coinage
Standardization Bill May Be
Displaced.

WASHINGTON CRY, Dec. 14.-ESpecial.l-
The result of the cabinet meeting and
senatorial caucus yesterday has put the
silver men in very pleasant frame of
mind, as it furnishes them with an argu-
ment in favor of immediate unlimited coin
age legislation. They point to the fact that
the secretary will demand and the rest of
the anti-silver men of prominence have
confessed, that the purchase and coinage
of silver would tend to materially relieve
the people in their present financial dis
tress, and they maintain that the argument
of property secured through liberal meas
ures favorable to silver, holds good,
whether or not depression exists:
but it must not be supposed
that such men as Teller, Stewart, Mitchell
and Wolcott can be blinded by the pro-
posed measure providing for the issue of
about S13,000,000 in excess of what the
present law calls for, and then stopping at
that. They want no compromise of any
kind, and indeed, tonight are more fully
determined than ever to carry out their
plans of free coinage, being greatly eneour-
aged by their last victory
The advocates of this compromise bill
say that they want to buy all the silver in
sight today, and estimated it at from
$4,000, 900 to SIS, ,000, 900, but the friends of
"cheap money are at loss to interpret
the words sin sight" The amount of sill
ver in sight ut the present time is above
ground, and it is far in excess of the figures
quoted, and they can see no way of max
ing an accurate computation.
1t is not likely that there will be any
necessity for a message from President
Harrison to secure action in financial relief
for the country. Several senators are to
bring up their bills this week, while the
people of the country are in the mood for
it, and the federal elections bill may be
temporarily laid aside any day for the
more vital question.
Senator Cameron has unexpectedly ex-
pressed himself in favor of cutting short
the debate. 1t is probable that many
others who have been reticent on the sub
ject share his opinions.
Another meeting of the national execu-
tive silver committee will be held tomor-
row. 1t is expected that Mr.. Rumsey, of
Montana, and Mr.. Chamberlain, of Colo
RADIO, will be present, making a full COM
mittee, and plan of operations will be
adopted for this session of congress. The
aiC IA PccccccfOh VI u tAtdtui
just issued by the bankers of New York,
showing that Wall street was in bad
state of trepidation over the outlook.
The circular was sent to members of the
cabinet and congressman, and to all capi-
talists throughout the East. Itsputs the
blame for the present stringency in the
money market to agitation over silver leg
is lation, claiming that great uneasiness
prevails and that the volume of the money
in circulation has shrunk from 81, ,400, ,000,-
600 to $500, ,oOo, 900 and that if this continues
much longer gold will be at par. The cir
cular is crafty appeal for anti-silver legis-
lation.
One member of the executive committee
tonight said that the scheme to purchase
$l3, ,00O, 600 of bullion, which is mostly held
in New York, either in storage or as colat-
eral, should be discouraged, for the reason
that suspension exists that it is not pro-
posed in good faith, in that it opens the
market for only a few men who bought
bars on speculation. "True. it would put
more money in circulation" he said, ''but
it would not accomplish the good that
would follow almost any other measure
proposed"