Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1890-06-07
THE BULLION IDEA.
Prospect That 1t Will Stay in
the Silver Bill.
A PARTIAL VICTORY FOR WINDOW.


Looms Up-The Debate Still on in Both
Houses-PIumb Makes Point on Sher-
man-The Presidents Comments on the
Trouble at Cedar Keys, F1a--Blair
Proposes a Pension Scheme - Progress
of the Tariff Bill.
WASHINGTON CITY, June THE belief
Is becoming more and more pronounced
among the members of the house that the
silver bill adopted by the Republican eau
Gus and now being debated in the house,
will become a law in its present form,
with the possible exception that the Sec
ton providing for the purchase of q, 500
900 of bullion per month will be changed
| 80 that it will provide for the purchase Of
4, SOC, 900 ounces. The feature of the bill
| that will be the source of much contro-
| versy, it is believed, is that providing that
| the holder of a bullion certificate may de-
mand its redemption in either coin or
bullion, with discretionary power given
| to the secretary of the treasury TO refuse
| to redeem in bullion.
Windows Idea will BE Retained.
There is a constantly growing belief that
| the bill will pass the house intact, but that
| the bullion feature will be struck out in
the senate This will necessitate a con-
| ference between the two houses which, it
| is believed, will finally agree to leave the
/ bullion feature in the bill. The bullion
feature is advocated by Secretary Win
| dom, who, of course, represents the views
| of the president, and the senate will be al
most obliged to agree to it, if the bill is
to receive the executive signature.
1t Is the Leading Question.
The silver debate again occupied almost
the total attention of both houses yester-
day. In the house Lind of Minnesota ar
gued that an addition to the circulation
would advance prices and lift the agricul-
tural depression. He preferred free COIN
| age, but would vote for the caucus bill as
a relief in the right direction. Walker of
Massachusetts, said he was sick of the rot
that was talked in the house. Low prices
did not cause business depression,
and there never was a time when it took
so little labor for a farmer to pay his
debts. Prices had been going down for
100 years and the characterization of silver
had not had the slightest effect on the fall
Money was only an incident in economy.
The world would not suffer an iota if all
the money were wiped out in one day.
Opinions OF other Members.
result in reconciliation, and was long
step in the right direction. Townsend OF
Colorado would be satisfied with nothing
but free coinage; neither would Dorsey OF
Nebraska, who condemned Secretary Win
dom for not coming the maximum per
month under the Bland act. He would
have none of bullion redemption. McRae
| of Arkansas wanted immediate free coin
age and said that Cleveland was all wrong
in his policy in regard to silver Parret,
of Indiana favored bi-metallism; Lane OF
Illinois opposed the pending bill; Shively
of Indiana declared that legislation had
depressed the value of silver; Holman gave
his version of the history of demonetiza
, ton, and by the time few more members
had spoken it was IL p. M, when the de
bate was adjourned
Plumb Talks in the Senate.
In the senate Plumb was the principal
speaker and he said that the total amour,
Of money in circulation in this country
was not more to-day than $500 600, 600 He
! demanded the coinage of all the silver
mined in the United States He got in a
drive at Sherman by quoting that senator
as saying some time ago that gold and sill
yer had been created by the Almighty as
money, and that such they had been from
the beginning of time. What God has
joined together let no man put asunder, y
said Plumb
| Doesn't Like the Mckinley Bill.
Silver was an American product-s
much larger product than many Others
which were to be protected by duties OF
200 or 300 per cent. under the coming tar.
If bill. He would like to ask the senator
from New York, who was so anxious about
foreign commerce, what he intended to
do with the tariff bill, which would pre-
vent the United States having any foreign
commerce.
Hiscock remarked in reply that if i'm
ports were diminished it did not follow as
a matter of course that the export trade
| rroy1Id ha