The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-19
SILVER MEN CONFIDENT.
DISPOSED TO HAVE EVERYTHING
THEIR OWN WAY.

They Hold the Key to the Situation n
and VIII Dictate the Republican Pol
icy-Secretary Window Appears Be-
fore the Senate Committee Some
Talk But Nothing Done-Trying to
Get Together.
WASHINGTON, April 1S.-The Senate re-
publican committee held a meeting this
morning, at which Secretary Window was
present and expressed his views. He said
that the reason for his advocating the
redemption in bullion of certificates
issued for the purchase Of bullion
was that it would make the GER
tificates more valuable. To require
their redemption in silver dollars would be.
in his opinion, to discredit them, while to
require their redemption in gold coin might
seriously embarrass the government.
He insisted that there are only two ways
in which the credit of the government can
be protected in the issue of the large num-
Der of treasury notes contemplated; one Is
the bullion redemption plan proposed in
his bill, and the other is by authorizing the
sale of bonds to provide gold reserve
when it becomes necessary to redeem them.
The latter policy. he believed to be wholly
unnecessary and uniustifable, and
means Of protection than the bullion re-
demption proposition. He said he deemed
this feature absolutely essential in protecting
the credit of the country, and that he would
feel it is his duty to oppose any measure that
gave the holder of certificate an option on
the currency in which it snould be redeemed.
After the secretary had given his views
upon the bill and the basis for them,
discussion rather desultory in its nature
took place upon the subject of the sufficiency
of the circulation. Secretary Window had
stated to the committee that the total circu-
lation was 81, ,426, 100000, an average of
$21 70 per capita on basis of 65,0O0,000
people. Actually, however, this sum was
subject to diminution by several amounts
that are tied up in various ways, reserve
held for redemption of notes, ETC., SO IL :
the perceptible amountaof circulation was
considerably less than s21 $40. The Secre-
tary agreed with the senator's as he did with
the representatives that an addition to the
circulation was necessary. but at the con-
ference to-day no definite sum was named
by any one.
TRYING TO GET TOGETHER.
Another meeting of the committee will
be held tomorrow in order to arrive
at an agreement upon the basis for a
silver bill. Some of the committee were in
favor this morning of conceding the point
insisted upon by the secretary-that OF
making the purchase certificates redeemable
in bullion-but to this silver men say they
will not agree under any circumstances.
They say that they will not consent TO give
to the transaction the nature OF mere bar
| ter in merchandise.
| There is also a difference of opinion
among the committeeman upon the proper.
tion to make the purchase certificates legal
tenders. The silver men, who advocate
this, say that. based upon actual purchases
of bullion, as they will be, the certificates
would have a greater value behind them
than do the S436, ,00O, 900 in greenbacks for
the redemption of which but $l00, ZOO, 600 III
gold is provided.