Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1890-04-23
STEWART OBJECTS.
The Nevada Senator Tackles
the Window Idea.
A HOT BLAST AT TIE SECRETARY.

The Treasury Bill All Wrong AMI Win
dom Kicking Out of His Proper Har-
ness-Ciyii service Reform Has an Air
ing in the House-The Worlds Fair
Bill Goes to the White House-Com
mereiaI Travellers Before a House
Committee.
WAsHIsGTcS Cry. April Is Senator
Stewart, Of Nevada, Is out in long inter
view IN answer 20 Secretary WINDOWS le,-
ter on ths silver question At the outset be
questions the secrstary's right 20 formulate
legislation. and in:inAtes that hs would bet
ter wait % give information when required
by congress % 10 So and leave the leyisla-
tive department free 70 formulate and pas
bills. TIE charge nads By me secretary
that tns silver mea ia proposel legislation
are iniasncsd oy desire % eahancs the
value o. silver and maks market for their
products wIthoa; regard 20 other interests,
Senator Stewart says has 10 s04n ia.iJn Ia
TACT
snnerios for Want of Money.
Secretary Windon, ne says, eonfounds the
| silver question with the money question
The business Of che country is suffering for
The want of more monsy. IL has been II the
power Of me secretary Of the treasury all
along % re!isvs the s;ringeucy in ths money
| market, but he has neglected 20 exercise tbs
power conferred upon him % buy e. %. 90
| worth Of silver mouth for coinage, ami has
| limited his purchas-s substantially TO the
| minimum Of g. cOO,O month. in imita-
| ton Of the policy Of the Democratic admin
istration." Secretary Window, he says. in
| Hanna and f,a- Irss =
| offered substitute which may or may not
Be better than an absolute repeal
That Objectionable Reservation
| He proposes o. his sIos.ituts % purchase
| silver bullion 20 the extent Of the product OF
| the United States and 10 issue treasury
notes therefor, redesmabls IN silver coin or
| in silver bullion a. the market prize at the
| time Of redemption He reserves the right
| however 70 suspend the receipt Of silver
| bullion Whenever IN his juGgm mt and that
| Of the president certain conditions exist.
making IL eIp=dient to do 50. Thl4 power,
| If exercised IN the same manner that the
| power conferred by Law upou ths secretary
| 70 purchase bullion has beea * ercisei 81 nee
the pc age Of the Bland act, might make
the law entirely imperative.
/ Questions for this Secretary.
No silver bullion would De -recel we'd unless
in the discretion Of tn. secretary It was
| proper 20 DO 50. WHIST right, SENATOR Stew
| art asks. has Secretary Window % censurs
the advocates Of more money because they
| are unwilling 70 trust him with such discre-
ton, in view of the manner IN which the
discretion now conferred by law has bsen
| exercised Sir. WINDOWS yrop0seI treas
ury notes, be says, are not money; they are
simply promises 70 pay il silver bullion Or
silver coin; they nave no legal tender qqali-
ties in the hsnls Of the people, an they viii
not pay private debts without the consent Of
| the creditor.
Doesn't Like the Anchor Feature.
OF the bullion redemption feature Of Sec
| rotary Windows bill Mr Stewart saws:
Why anchor these treasury notes 70 the
| recognized values Of the commercial worl1l
Those. vaiues are god values Does the sec
rotary mean that, after all, these treasury
notes are only credit money, depending for
| their value upon the single gold standard
| II such is his meaning AMI he can have no
other why buy siiyeri Why not use pspsri
| Paper IS just h. good credit money a. silver
| II silver - not TO be used for money and
everything must be anchored 70 gold. lot
that be plainly Understood and let the plat
form be regulated In direct language Il
will take less words end deceive less people
than 1t will 70 pretend to use silver as money
while It Is simply usei as credit
what the Silver Men Want
| What the sO-cailed silver men want =
Senator Stewart said, "aui what the Repub.
Ican party promised, Is that the sovereign
power of the government 70 create money
shall BE- 80 exercised as 10 keep the supply Of
money equal 10 the demand They protest
against being placed in position of desiring
70 unload silver On the governm ent for selfish
and unworthy motives. They also protest
against tho advocacy by the secretary of the
treasury Of the single gold standard, in its
| most offensive form. when he declares that
silver is not money. but that, like paper, it
shall ultimately be redeemed in gold"