New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-31
were to-day appointed for Pennsylvania as follo"s'
w. Mckay, Kersey's !. l.. Benson, WATERFORD.
URGING THE FREE COINAGE OF SILVER
VIEWS OF THE SILVER CONVENTION - The
WINDOW BILL APPROVED, WITH TWO
AMENDMENTS

Washipeton Ian. Gothic House Committee on
Coinage Weights and Measures today continued lts
public hearing on the general subject OF siNer
coinage. Tho meeting was called particularly ~.
the purpose OF hearing the Executive CommlVOoo Vi
the silver Convention recently held at ~ LOUIS
There were present the following members OF 'no
executive committee: A. J. Warner, chairman FRANK
NJ Pixley. OF California Francis &. Newlands OF
Nevada and S. NJ Rumsey, Of Missouri. General
Warner was the only speaker to-day. In opening
ms address, he referred 10 the resolution adopted py
the ST. Louis convention, requesting Congress 10 open
the minis to free coinage Of silver, as formerly ana
asking that. until that done, the secretary OF
the Treasury exercise the authority vested III MN
under present law for coming the maximum amount
OF silver bullion instead of the minimum amount.
Mr.. Warner then entered upon long discussion
Of the silver question, of the various legislative
enactments in regard to the same, the relative
production of gold and silver in the United states,
the needs of the growing population for Increased
supplies of money, and the demand of the people
for stability in the that measures all things
lie then discussed in detail the effect Of influences
the silver question in the several periods from 1850
to 1879 from 1873 to 1878, and from 1878 TO tho
present time: He believed, he said that
Congress had the right to deprive the people of the
unrestricted right Of using silver money; and he
thought the best way to restore both silver ana
gold to their old places money metals. and leave the
people to determine how much of each to devote to
monetary purposes, and how much to devote to other
There was no cause for alarm in the restoration
of free silver coinage and, Mr. Warner added, unless
Congress did something TO keep up the money supply,
the country doomed to such shrinkagc Of values
as it had before experienced.
When General Warner finished his argument, Rep
resentative Conger questioned him concerning the
Window bill, and asked whether it would meet the
wishes Of the silver people. Mr.. Warner answered
that the principle of the bill the reestablishment
OF bimetallism Primarily the principle OF the bill
was that the ratio should be that which the trade OF
the world, from time to time fixed. 1t was, there
fore, not only safe far, but perfectly sound and
had been approved in principle some years ago by
the most eminent financial authorities Of England.
TheFe two serious objections, however, which
he saw TO the bill. One OF these the provision
in the fourth section that the notes issued under the
provisions Of the act shall be redeemed by the issue
Of certificate of deposit for the sum Of the notes
so presented, payable at one OF the minis OF the
United states or in gold coin, at the option Of the
Government, and that, upon demand OF the holder,
such notes shall be redeemed in silver dollars. This
section would not be Objectionable II these provisions
were eliminated and inserted allowing the notes
issued for silver bullion TO be redeemed in con at
the option Of the Secretary OF the Treasury.
The other objection that provision giving tho
Secretary Of the Treasury authority to suspend the
receipt Of silver bullion at his pleasure