The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-12-14
Secretary Window Confers
With New York Bankers.
OPPOSED TO FREE COINAGE
Administration Will Use Every Other
Means to Give Relief.
Fresh List OF Firms Forced Into Assign
ment By Inability to Meet Engage
ments-Trow & Co., Publishers,
Heavily Indorsed By Thurber.

New YORK, Dec. 13.--Secretary Window,
who arrived in New York this morning,
held conference with number of bank
ers on the financial situation. A full ex-
preston of the views of Lnanciers on the
financial situation, the effect of additional
silver legislation, and other matters was
obtained. The only statement the secre-
tary would make was that he was gratihed
at the news of the movement of gold from
Europe, and that the government would do
all in its power to give relief to the imam
cial and mercantile communities. He re-
fused absolutely to be interviewed, but par
ties close to him state that he will not take
any immediate action as a result of the
conference.
The Tribune says: 1t is understood that
at the conference with the bankers yester-
day Secretary Window intimated that a
free coinage of silver bill is likely to be
passed at the present session of congress,
unless forestalled by some action.
The suggestion of Treasurer Huston that
the fractional silver should be transferred
to the bullion account and the secretary
be authorized to issue silver certificates for
it was discussed. The treasurer also
wished to include the trade dollar
bullion, which, with the fractional
silver, would make fresh issue of about
$25,000,000 in currency. Another proposal
was that the treasury should buy each
month, in addition TO the legal require
ments of 4500,000 ounces of silver, enough
more to counteract the retirement of the
national bank notes. The withdrawal of
the national bank currency amounts to
about SIS 5000. 600 year, and it was pro-
posed that the secretary buy enough silver
to make good the contraction.
The proposition that was received with
the most favor was that the treasury should
be authorized to buy at once all the silver
in sight Of American production. The
amount cannot be ascertained. 1t seemed
to be the general opinion at the meeting,
and it was encouraged by Window, that
even if the amount was about $13,000,000
this course would be preferable to the free
coinage bill.
About the amount of silver that might
be purchased under this plan, Morgan
said:
s'I do not know how much there is; ] do not
think it is over slo,Ooo,o0o but you might as well
ask that boy there, as he knows as much"
Secretary Window, and persons who
consulted with him, agreed on one point,
that no definite action had been taken as a
result of the conference.
"The only thing you can say" seligman re-
marked, sis that the administration is willing
and ready to relieve the situation"
A banker, discussing the situation, said
"There is no doubt about the position of the
government. Free coinage Of silver is opposed,
but larger use of white metal is favored
WAsHISGToN CRY, Dec. 13.-The cabinet
meeting yesterday considered the financial
condition of the country, and as result
the president, it is understood, viii send a
message to congress next week suggesting
the enactment of legislation to issue adj
ditional currency based on increased sill
yer purchases.
At meeting of the Republican senator
ial caucus committee to-day to devise a
scheme of financial relief, after discussing
the subject for an hour, the committee re-
ferred il to subcommittee composed of
Sherman. Allison, Aldrich, Plumb and
Teller. This was done in the hope that
they could agree upon definite project.