Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1890-06-24

ence to everything else. And told
him that 1 would ascertain the situa.
ton and report TO him further, which
| did in Letter in which l reviewed
tho $ tuation, and in which l assured
him that bill, that the bi.metaliists
flor he was at xious that the measure
should pass rs = party measure that
the bi.metallists of the Senate would
agree upon a bill providing for the
purchase OF 100000 ounces month
", the silver certificates to he a legal
tender without bullion redemption in
any form. Had it been accepted at
that time, have no doubt that that
proposition would have gone through.
Later on the difficulties of the Ad
ministration increased. Last Sa,ur
day. the day before l left. the Presi.
dent sent for Senator Stewart and
Senator Jones. He probably sent for
them as the result of a conference
which was held between senator
Stewart and Senator Jones and nv
self, and Speaker Reed aud Mr.. Can
non, in which there had been free
interchange Of views. He then told
them that he regarded, in this coun.
try, that all legislation
MUST BE COMPROMISE;
that whilst he believed that it would
fix the value OF these silver certificates,
aud MAINTAIN them on u parity with
gold, until tho nations Of the world
would take up free coinage-that h.
was willing to concede it. and that
he would favor a bill providing tos
the purchase Of ~ 500, 900 worth mot
100000 ounces) OF silver per month,
the certificates to be a legal tender,
and no bullion redemption.
Senators Stewart aud Jones were
exceedingly pleased, They suggest.
cd to him that they would prefer 4
100000 ounces. The reason is oh
vious; you will understand it. Ii you
purchase $4.50O.00O worth, and silver
advances, the number Of ounces pur.
chased monthly will steadily diminish
thus having the effect possibly of re
tarding the advance of silver.
Whereas. if you purchase a fix, d
amount in ounces, why then, rs silver
advances, sou still purchase the same
amount monthly, instead Of a less
amount in weight do not think
he expressed himself positively in re
ference to thnt, but he did not &C.
cede to it. So, when ! left Sunday
morning, ! felt assured that favoratl-
silver legislation would 90 through;
that, on the following Monday, whe,,
this matter was to come up in tho
Senate, such q bill would take the
place Of the House bill, and would
pass as a party measure by All almost
unanimous Republican vote, aud
would 90 to the House and be accept.
ed there; and I think it would have
been a fortunate solution Of the CUES.
ton. 1t would have been a progre 9.
sive step towards free coinage, with.
out any Of the
RISKS OR DANGERS
attendant upon free coinage in
the Eastern mind, aud which may
sometime, for auyht we know, pro.
woke n panic there; for they are
alarmed about Tree coinage. and they
are not SO alarmed about lin ted
coinage. l was in hopes thu. this
would go trough, though Senator
Stewart told me TIL lie feared that
the SENATORS from Colorado aud Mon.
tana and Kansas might not assent to
it. 1t seems, after | left, the IN tier
came up IN the senate; enough he
publican votes were not secured tor
that measure to pass It as a party
measure; SO the motion t. substitute
free coinage was made, and the bill
was passed by very nearly two.
thirds vote, composed ottwenty seven,
think, Democratic votes, and fifteen
Republican votes. So. you see, It has
passed tho Senate as n Democratic
measure. |. goes t. the House. aud
il It passes there, it will pass as u
Democratic measure.
The President waits an Admins
tration measure. lie wants a party
measure. he does not want bill to
come to him which is supported in
tho main by democratic vets, ana
besides that. upon convittjon he is
analtefstly oppo. 81 to tee coinage
My Judgments that il a free COMA &c
bill passes it will be vttoed; but 90
rot think the Pr, s.den,'s vet, Is
going to strengthen the cause o
et.iiis,n. | DO not believe It csn
BASS over his veto, by t>othirds
'cte. | am in hopes, however, that
III this confusion in the House, " hiei,
9 probably simply arranged in order
o secure me with a view t, cor.
'rom,se-l am in hopes that ulti.
na,xly VIC will have IL bill providing
or the purchase Of 100000 ounces
yer month, the certificates to he legal
ender, and without bullion redrmp.
ion: and II We secure that, / saw
hat the cause of hi m.tali;sm womb |