Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1890-12-19
WASHINGTON LETTER.

Written and compiled for the HERALD.
WASHINGTON, d. c., Dec S.--The Pres
ident aided by the cabinet, has reached
what he and they believe to be a satisfac
tory 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, recon-
mending that authority be given the Sec
rotary of the Treasury to purchase largo
quantity of silver bullion immediately
Just how large l cannot positively say.
Secretary Window, who has Just returned
from New York, where he went to confer
with leading lights ofthe financial world,
is understood to favor purchasing the
present stock of 100000 ounces OF sill
yer and also of an additional amount,
equal to the returned national bank notes,
estimated at $2O,OOO,O0O. If both these
suggestions are adopted by Congress, 1t
will place $50, 900 600 IN circulation.
Treasurer Huston also has an idea that
with the assent of Congress will add $780,
| 000.0O more. 1t is to authorize the trans
fer OF the $40, 100000 of fractional silver
currency now lying idle in the Treasury
and the s. 100000 in silver trade dollars,
and to allow the Secretary of the Treas
ury to issue treasury notes therefor.
Secretary Window reports greatly
| improved feeling among the New York
| bankers, who believe the worst to have
passed, and that confidence Will soon be
restored. There's the point of the trouble.
Once restore confidence, and money will
soon be easy again, and although many
prominent Senators and Representatives
believe Congressional legislation to be
unnecessary, they have expressed them
selves as being willing to support any
reasonable measure, because of the effect
| it will have IL restoring confidence among
the people.
At caucus Of Republican Senators to
be held tonight, it will be decided whether
the Election bill shall be temporarily laid
aside this week, for the purpose OF con-
sidering financial legislation; at the same
| caucus report will be made by the
finance committee, which has for several
DAYS been in consultation with the hye
Senators appointed by Mr.. Edmunds,
| chairman of the caucus, to consider ana
report what, If any financial legislation Is
Necessary. The blouse committee on
Banking and Currency has also been SIT
| ting I'D of nights with the financial situa-
ton and may conclude to report bill Of
some kind this week. In the meantime
| the legislators known as silver men are
saying that nothing short OF tree ana I'm
| limited silver coinage will suit them'
l have discovered the true lnwardneSs
of the movement among leading Demo-
Gratis, to re-organlze their national and
Congressional committees, for the pur-
pose of beginning the work of the next
Presidential campaign. An Englishman,
representing a secret organization OF
English. French and German manuioc-
tunes, who is ut present IN Washington,
has been the moving spirit in the matter.
The men he represents have raised an
enormous fund, said to be well over
million of dollars, which they wish used
to combat the Republican party and the
protective tariff, and he has been sent
over here to tender it to The Democratic
leaders. If they will promise 10 begin at
once the distribution of free trade litera-
TUE among the voters of the country,
promise which it required no persuasion
TO obtain from the Democratic bosses,
who are iubilant among themselves at the
prospect of an unlimited campaign fund.
The reorganization scheme is only HUE
dodge to blind the public.
If Secretary Noble can have bis way,
the Pension attorneys will soon have to
seek new employment. He is working to
get every state to adopt a system similar
to what has been working satisfactorily
in Minnesota, Wisconsin and Massa-
cbusetts for some time. That is for ex-
soldiers of the several States to lie thelr
applications for pensions with the Al
tOrney-General of the State, who prose
cutes the claimant. The House commit
tee on Invalid Pensions seems to be ID
sympathy with Mr.. Noble, for it has made
a favorable report on bill reducing the
attorneys fee to 81 for prosecuting ap-
plications for increase Of pensions, on ac-
count of increase of disability.
Senator Squire, chairman oil the SUP
committee which went to the Paclhc
Coast to investigate the workings OF the
antl-Chinese law, has returned. lie says
the committee learned that many CHINA
men and much opium have been ana are
being Struggled over the northern border,
but that 1t is due to not having sufficient
force of men employed to enforce the law,
and not to defects in the law,
Senator Pettingrew, of 5. OAK, VINO
arrived here Saturday, is indignant over
the outrageous Indian stories which nave
been printed in the Eastern papers. lie
says the irresponsible "space" writers are
responsible for the scare, which Las only
existed in their imaginacions.