The Washington critic., 1890-03-01
Roth GOLD AND SILVER

y correspondent, whose iSllef appears
in another column, referring to an arli-
Gle published in yesterdays CRITIc rel
alive to the Silver bill favorably
reported by the Senate Finance Com
mittee, requests u statement sho wing
the points Of the similar bill introduced
by Mr.. Dorsey in the House.
Mr.. Dorsey's bill authorizes the
issue of specie certificates redeemable
half in gold coin and half in silver
bullion, equal in value TO the gold half.
The Secretary of the Treasury is re-
quired 10 purchase monthly between
four and five million dollars worth of
silver, produced in the United
States, or produced from ores
imported into the United States,
until such purchases aggregate
$3.50, 100000 Each month, certi-
ticates are to be issued not to exceed
twice the amount of the monthly pur.
chases of silver bullion, and the aggre-
gate of such certificates is limited to
| $500, 900, 900 From time to time gold
coin is TO be set aside in
the Treasury in an amount equal
TO half that of the certificates
issued monthly, and the silver bullion
purchased and the gold coin so set apart
is to be held as trust fund for the re-
demption of certificates issued under
the act. The remaining provisions re-
far tn hn a1l tn hnI 1ar
when receiving payment and the main
tenaDce of the relative proportions of
the two metals In the trust fund.
1t will be seen that this bill, like the
Senate bill makes the purchase of silver
compulsory in about the same monthly
amounts till prescribed limit is
reached. But it differs from that bill
in accepting the gold standard of value
and in making that standard the basis
of It's silver coinage and of its redemp
tion scheme.
IL PURCHASING a site for the great
university which the Methodist Church
proposes to establish at Washington, it
will be seen that Bishop Hurst and his
advisers were both wise and fortunate
No better location could be selected
than the beautiful estate which has been
chosen, situated as it is on the north
western heights overlooking the city and
the whole river valley. The beginning
of the great enterprise is auspicious, and
| II will be followed doubtless by CORE
spending prosperity at every stage of
| its progress. There are many reasons
why Washington, among its many other
admirable characteristics, should be
come a city of famous institutions of
learning,
ROBERT GARREI"r's friends in this
city will be glad to learn that he is quite
himself again. He went to the theatre
last night for the first time in two
years and enjoyed it. During the day
he promenaded on Baltimore street
dressed in his famous check suit, the
same in style that he used to wear when
he was at the head of the Baltimore and
Ohio Railroad and allied enterprises.
The MARYLAND Legislature appa-
rently believes thoroughly In mOnopo
lies. Anyway the House, by large
majority, has passed a bill giving the
Consolidated Gas Company of Balti
more the exclusive right to manufacture
gas in that city for fifteen years. The
price is fixed at Tl.25 per thousand.
HE VICTORY of the German Social
lists has had one unexpected result
Bismarck had intended to resign. III
will not DO so now, feeling that his
services are still needed by the empire
his genius created,
Two or THREE years ago the New
York Legislature passed law requir-
ing all hotels TO provide rope or other