Evening star. [volume] (Washington, D.C.) 1854-1972, 1890-12-20

IARY WINDOWS PLAN.
The chances are decidedly against any Anan-
cial legislation at this session. The reporting
OF the caucus bill by the Senate finance COM
mittee under the peculiar circumstances con-
nected with that action cannot be accepted as
an indication that legislation is expected
by the committee. There is decided
opposition to the measure and the situation is
no better than it was at the opening Of the SEES
sion. In fact, the supposed compromise agree
ment has gone to pieces.
SECRETARY WINDOWS PLAN.
No particular interest in the caucus bill is
taken at the Treasury Department. While
bill as whole is not thought to be such a.
would greatly improve the situation.
The plan favored by Secretary Window
and the one which it is thought at
the Treasury Department will be adopted If
anything at all is done. gives the Secretary the
discretion to purchase all of the IL, 600 900
ounces of surplus silver at such time and in
such amounts a. he deems desirable--all at
one time If necessary. 1t provides also that
the regular purchase Of silver shall be confined
TO the product of the American mines and In
cludes the proposition for the issue of $780,
600 600 interconvertible bonds.
OBJECTIONS TO THE CAUCUS Brlx.
1t is thought at the department that the
spreading ont of the IL 600. 600 silver purchase
over several months will destroy the effect of
the purchase. The discretion should be given
the Secretary to make the purchase in such
manner as the circumstances demand.
Another thing, If the purchases under the
general law are not confined to the product of
the American mines il would not do much good
to buy up the surplus at this time. as the
chances are that as soon as that is bought there
Will be another accumulation through impor-
tation of foreign silver.
The Secretary has the utmost confidence in
the interconvertible bond proposition and be-
lieves If the whole plan were adopted by Con-
gress 1t would relieve the situation and secure
the country in the future.
But even if only the silver feature of the
plan is adopted, it is desirable that the Secre-
tary should have discretion in making the
surplus purchase.
A DISPOSITION TO AVOID FINANCIAL LEGISLATION
THIS SESSION.
There is, however, decided disposition
among those who exercise the most influence
over legislation in both houses Of Congress to
avoid all financial legislation at this ses-
sion. 1t Is safe to say that the
Senate finance committee do not expect tina
there will be any legislation. Some of the
strongest men in the two houses believe that
the financial affairs of the country will right
themselves in the course OF month
there is no necessity for legislation
to relieve the money market. but that. on the
contrary, there Is positive danger in attempting
such legislation. Acting upon this theory they
will do all they can to prevent anything being
done. The constant agitation of some
compromise plan, without ever quite COM
ing to an agreement, will probably
keep the thing hanging in the air
until the eagerness for action has subsidized
The expectation from day to day that some.
thing will be done is relied upon to keep the
radical silver men from acting for themselves
The policy of the party leaders is to keep
staving the matter Off