The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-07-12
IT MUST BE AMENDED.
The Free Silver Mems Verdict
OH the Stewart Bill.
TO BE TAKEN UP WEDNESDAY.
Senator Washburn Advocates His Anti
Push the Puyallup Indian Bill.

WASHINGTON CITY, July 1.-THE call for
caucus tonight was addressed to "All
friends of the free silver bill,'' but only
two observation-disclosures of California
and Clark of Wyoming-felt called upon
to obey the summons. Fifty or sixty
Democrats were present, and Dockery of
Missouri was in the chair. Bland made
an argument in favor of the bill. In the
course of the argument he stated that
the anti-silver men would take
every possible method to obstruct silver
legislation, and cautioned the friends of
silver to be on guard. Republican Gull
bertson, chairman of the committee on
judiciary, argued that the Stewart bill
will be largely defective. He was ably
seconded by Terry. of Arkansas, who
spoke in the same vein. After further de-
bate the caucus agreed to recommend that
the bill be amended In two particulars.
Firstly providing that it shall not affect the
legal tender quality of the treasury notes issued
under the act of 1890, or the obligation OF the
treasury to redeem them.
seeond-The authority given to coin bullio
now in the treasury shall not interfere with the
coinage OF silver when presented by private
parties.
A committee on parliamentary proceed
ings and committee to summon abb
sentees were appointed, and the caucus
adjourned.
Representative Stone embodies the views
of the minority of the coinage committee
opposed to the Senate free coinage bill,
saying:
The bin is a condemnation of crudlties and
absurdities. clumsy in structure, uncertain of
Interpretation, dangerous and pernicious in Cd.
md in Tba ,f
the law of July II, 1890, would cause material
decrease in the market value OF silver bullion.
The passage OF the pending bill would obliter-
ate all hope OF practical results from an inter-
national monetary conference. If We can
tain the present proportionate share of the gold
OF the world the necessity of Europe for cur.
reney will induce rehabilitation OF silver q
money metal among nations.
The report says the repeal of the law of
1890 carries with 1t the discrediting of
$l0O000,000 in treasury notes outstanding;
that, though the notes will still be receiv-
able for customs and dues to the govern
ment, the desire of the people to get rid of
these, as evidenced by the fact that nearly
half of the customs dues collected at New
York were paid in such notes, will lead to
rapid contraction of the currency; that
there is no bullion in the treasury answer
ing the description of that purchased with
silver or coin certificates, and that the
passage of the bill will destroy the hope of
any practical results from the proposed
international! monetary conference.
The plan of campaign of the antl-silver
men against the bill has not yet finally
been decided upon. 1t is evident, how
ever, from their talk, that they will resort
to every means to defeat vote on the bill
itself
Three members of the rules committee,
two Democrats and one Republican. met
this morning and considered the rule
agreed upon Saturday by majority of
the committee, providing for the consider
alton of the silver bill on Wednesday and
the next legislative day. No formal vote
was taken on the rule, but there was a
tacit understanding that the proposed
rules shall be reported favorably. The
anti-silver committee meets tomorrow.