The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-12-16
THE A0NEY STR|NGENCY.
Window and the Republican cau-
Gus Committee Agree Upon
3 Measure.
The Purchasts Of Su. Illus Bullion
and Two Per Gent Bonds
Were Features.
The Plan Promptly knoe kea Out by tho
Full Caucus at Nayht-A Fruit.
less Meeting.

WAsuINagoN, Dec. 1.-THE republican
senatorial caucus committee to-day had IA
long consultation with Secretary Window
respecting the formulation of z financial
relief measure. The various proposition
contained in the Sherman and Plumb bills
were taken mp. The secretary en-
dorsed the proposition to reduce iss
compulsory holding of United States
bonds by national banks ant commend ed
the proposed issue of tvo per cent oonds.
In regard to the proposition to purchase
the existing surplus silver bullion now in
the country, Secretary Window took posi-
tive grounds in favor of sash pu ,chsse as a
means of advancing the rrics of silver
and relieving the financial strinGency. lie
suggested, however, that il might
be prudent to restrict by Law the amount Of
this surplus silver purchased in any one
month. The caucus committee referred his
suggestions IA asub-committeeo OF Sherman,
Allison, Alorich, Plumb and Teller. After
deliberation the sub committee reached Q
decision, which was promptly ratified br
the full committee and ordered submitteS
to the caucus tonight in the shhpe of hal
to be drafted by Sherman. The main fea-
lures are provision for the purchase of TIE
twelve million silver surplus within
one year, not to exceed $500
coo worth any one month, lu az
dition to the purchase of four IN
half-fniillon ounces per month now q +
quired sy law; the issue of two per cea,
bonds not to exceed $lOO, 600, coo in anon, ,
and the purchase Of sufficient silver bullia u
in addition to the 70, going reqnirent Il
to make good the deficiency in natn~s 1,
Nnk circulation, whenever that circulsts a !,
f,tls below Siso,OO9.OOO, by means 1T u,
Issue Of treasury notes based upon bnl D.,
shus pprcaased. In case bullion in satf = Il,
amount to meet this deficiency caRr &,s,
obtained the deficiency in circulation, bar,
made Gassd by tbs Issuance OF I" n non
treoscrs.r, NOTES IN aulss, ,aa. Iiaei r. iii,
t2'ns 3 clause vrDvld.ag tass W. IesaAis
price of silver shaii fnr one .es n gold
cons'antly at or above lssal parv NJ with
nny boi2er of bullion mas ~ ps.si I'd int.
the treasury aud have it On Streasus /,
stmAiard silver dollars. ar reces' F;slectas
rott therefor. Tho consuifs4- y.ct ui re-
10 Ia Ike speciicscti.,n nuon thef ~ ;nslina,
dncing the auoan. %: conf,al
Promptly kaoesra On, by ,nas,;',., rs.
WARRINGTON. Dec. 15.-a us.s., Ma -.
senatorial caucus tc-niRht 81 agseed upo,,
port OF the caucus co1nmitS. :.ond pr,,;ac,
to-day. The two GER ssr 49, vpocssd
found few friends ana We lsiAoa orr.
out. The s12.oee.gs .steas stren..h
chase seemed to has ss Or a -.
but Neither or f.a nna. acsiop
other prouositions .nlssuss,cn followed
taken. A great leai- is@as. ~ indicative OF
which may he samIe n strong majority q,
the willingness - 6cs sa considerably 9, ell
the republican sar ssshasea of silver bsl-
large the mof,thiy NJ estras of ak or seven
lion. passibly &c Aaetlser CAUCUS wi3l he
million dollars, ssieStiuns bill wss not u,,n.
held soon. Ib s
toned to-ii2a f------