Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1890-12-25
From our regular Correspondent.
Washington Letter.

WAsHINGToN, ID. C., Dec. 10, 1890.
The President, aided by the cabinet, has
reached what he and they believe to be
a satisfactory solution of the problem of
how to end the stringency OF the financial
market, and it is expected that he will send
a special message to Congress this week
recommending that authority be given tho
Secretary Of the Treasury to purchase a
large quantity of silver bullion immediate
| ly-just how large | cannot positively say.
Secretary Window, who has just returned
! from New York, where he went to
confer with the leading lights of the
financial world, is understood to favor
purchasing the present stock of Is coo. .Ooo
ounces of silver and also of an addtional
amount, equal to the returned national bank
notes, estimated at $50 900 600. If both
these suggestions are adopted by Congress.
it will place $50 600 000 in circulation
Treasurer Huston also has an idea that
with the assent of Congress will add
S25 900 900 more. 1t is to authorize the
transfer of the $50 900 600 Of fractions
silver currency now lying idle in th
Treasury and the S. 900 900 in silver trade
collars, also lying idle, to the bullion
account for recoining into standard silver
dollars and to allow the Secretary of The
Treasury to issue treasury notes therefor.
Secretary Window reports greatly iu-
proved feeling among the New Yor
han hA Mali . I.,
passed. and that confidence will soon
restored. There's the point Of the tiou.,,
once restore confidence, and money wi.
soon he easy sgain, and although mar
prominent Senators aud Representative
believe Congressional legislation 10 hc ul
necessary, they have expressed thcm.ciyo
as being willing TO support any rcaSunaN
measure, because of the effect it will hal
in restoring confidence among the prup,
At a caucus of Republican senator.
be held tonight, it will De decided wheth,
the Election bill shall be temporarily Ia.
aside this week, for the purpose OF cou.
sidering financial legislation; at the sam
caucus a report Will be made by the f,naur
committee which has for several DAY.
been in consultation with the five S,ua-
tors appointed by Mr. EImuud>, chairmal
of the caucus TO consider ami report wha,
If any, financial legislation j. necessary
The House committee on Bankiug az.
Currency has also been Sitting up uugh'-
with the financial situation and may con
cludc To report btll Of some Kind th..
week. In the meantime the legislator
known a silver men are saying that MOTH
ing short of free and unlimited silver coin
age will suit them.
have discovered the true luwar!u.~-
of the movement among leading drmocra,-
to re-organiAe their national and Con
gressional committees, for the purpose d..
beginning the work Of Tile next rrc~uiuu
tial campaign. An En-li>hmau, represent
ing a secret organization of English. FrrHu
and German manufacturers. who = ID.
present in Washington, has been The nug
Ing spirit in the matter. The men hr rpl
rcsents have raised an enormous fund. ~.
to be well over million Of dollars. W,j.
they wish used to combat the rcpu5uc4,
UeeRsen M She 'Euiectivr farm nrda1s4 .}.n-.
democratic leaders, if they viii promise
begin at once the distribution Of free tra5
literature among the voters ofthe country
a promise which ii required no pcr>ua>ju.
to obtain from the democratic BOSSES, wi
are jubllant among thcmselyc, at the pros
pect Of an unlimited campaign fund TIL
reorganization scheme j. only lltt.,doi-'
to blind the public.
If Secretary Noble can have Ms way
the Pension attorneys viii soon have :.
seek new employment He j. working =.
get every state to adopt system >imjla
to what has been working satisfactorily
in Minnesota Wisconsin and Ma>sayhu
sets for some time. That j. for ~ 50.
diers OF the several States to file thc,CaQpU
cations for pensions with the Attoruc
General OF the State. who prosccute~ t..
claim before the pension office, withou
cost to the claimant The House commit
tee on Invalid Pensions seems to Ire
sympathy with Mr. Noble, for it has maj
favorable report on bill reducing {.
attorney : lee To - Tor prosecuting app,
cations for increase of pensions, on accuu.
of increase of disability.
| senator Squire, chairman OF the >ub-cou.-
mittee which went to the Pacific Coast ,
/ Investigate the workings Of the ant
/ Chinese law, has returned He says I'll
committee learned that many Chinamc.
and much opium have been and are be.u
smuggled over the northern border hD
/ that it is due to not having >uttcici
/ force of men employed to enforce the av
and not to defects in the law
| Senator Pettigrew, Of 5. Dak WI
arrived here Saturday, is indignant Owe
/ the outrageous Indian stories which Lay
| been printed in the Eastern papers, II
says the irresponsible space writer's an
/ responsible for the scarce, which has on.
/ existed In their Inaginations.