The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-02-16
sptetnl pi,pn.eh 10 a. 1u.elltaeneer.

committee will do In tho promises Is OK
trcnlely uncertain. 10 begin with.
Speaker Crisp's attitude is unknown.
Although he was elected largely on the
understanding that he was in favor OF
FREQ silver, rs opposed to any general c-
ton on tho tariff, it is widely believed
that he now regards FREQ coinage rs ono
OF the 'incxpedient" and ''impolitic"
questions that arc troubling tho house
majority so much, and which have be-
come 'inexpedent" and "impolitic" so
lately. Mr.. McMillin's sentiments on
the question IRE also unknown. He Is
IL thorough Mills man on tho tariff, and
il he should conclude that it was ''ineX-
pedicnt" to call up the silver bill at
present it would take some very deter
mined efforts on the part OF the free
silvertcs in the house to get tho
bill up for action. For OF course Messrs.
Reed and Burrows, the Republican
members OF tho committee on rules,
will vote against its consideration. All
kinds OF estimates as to the relative
strength OF the factions have been made.
There would appear to be no doubt that
thorc is really q majority, and large
one, in the house in favor OF free coin
age. That is to say, tho number Of rep
resentatives who arc personally believ-
ers in free silver, together with those
who think their constituencies arc in
favor OF it, are in large majority.
But the question is, will they dare to
vote their true sentiments? That is
where the rub comes. The eastern
Democrats. and very large proportion
/ OF the middle-states Democrats, arc
fighting the measure for all they arc
worth. Their members on the coinage
committee opposed it in committee.
The vote in the committee stood eight
to five in favor OF the Bland bill. One
Republican voted for it, Bartine, Of Ne
vada, who represents strongly free
silver community, rs matter OF course.
Two Democrats voted against it, Will
liams, OF Mass, and Taucey, OF n. y.
DISASTROUS ADMISSIONS.
In the hearing of arguments before
the committee Mr.. Williams was the
chief inquisitor engaged in torturing
Mr.. Francis G. Ncwlands, who argued
ut length for free silver. He forced
Mr.. Newlands into some very dsas-
trous admissions. Some OF the sample
questions and answers were rs follows:
Mr.. Williams-1s it true that silver is
worth Sl.33 to-day in any country out
side OF that country in which it is
coined?Yis fa..
Mr.. Newlands could not say as to
that. and, after considerable sparrine,
Mr. Newlands finally said: THAT por-
ton OF the worlds silver in the shape
OF coin is worth to-day and exchange
able in the countries in which it is held
at from Sl.29 to Sl.33 per ounce"
Mr.. Williams-Is that true in India?
Can YOU there exchange for $l.3S in
gold IN ounce of silver?
Mr.. Newlands-Therc you are getting
back to silver bullion. In India the
silver rupee has the same purchasing
power it always had.
Mr.. Williams-Can you, in London,
get cent more for rupee than you
can for the bullion in it?
Mr.. Newlands said that you could not
in London, but that in India the rupee
would buy as much of the products OF
that country as ever. 1t had not de-,
preciated relatively to gold there.
Mr.. WILLIAMSBURG you heard OF the
almost universal complaints OF tho de-
cline in silver in India?
Mr.. Newlands admitted he had heard
of complaints there, and to q further
question said that when India had to
exchange her silver for gold it cost her
more than formerly.
Mr.. Williams---To that extent the
silver standard has injured her?
Mr.. Newlands-No;'I will not admit
that. In the relation OF the Indian gov
eminent to the British government l
think India has q right to complain OF
the demonstration OF silver, because
when she pays England she has to turn
her coin into bullion at loss.
In response to further questions by
Mr. Williams, Mr.. Newlands said that
it was in her international relation as a
debtor to England that India was hurt
by silver demonstration.
After further questioning Mr.. Will
liams said:
"The results silver is not deprecated
in tho specific. country where silver is
the basis OF currency, but that it is q
deprecated currency with reference to
international trade.
II Mr. Ncwlands-The bullion value OF
silver in terms OF gold is reduced by
silvers demonstration, and so far rs a
silver-using country has q debtor rela-
ton to gold-using country it is COM
pellcd to pay that debt ut a loss.
Mr.. Williams-Then India, in your
judgment, has continued to use silver
alone in its domestic business without
loss. Whereas the moment it goes out
side OF its own boundaries and pur-
chases anything, its rupee is worth no
more than its bullion value.
Mr.. Newlands-That is true, but tho
s international balances which alone
would be settled are not great.
WHAT THE BILL PROVIDES.
In these questions is indicated the
line which the debate on the bill will
probably take. 1t is not believed that
the majority will in any event DO able
to cut short the debate. The fight will
Z be a long and interesting one.
Tho Bland bill, in substance, provides
for the free coinage Of silver at the
7 present standard OF 4l2a grains to the
!. dollar; for the retirement OF the present
gold and silver certificates and treasury
\ notes, and the issuing OF coin certificates
lin their place; and that as soon as
Z France shall open her minis to free
coinage at the present ratio OF Is! to l,
the President shall make proclamation
that the United States adopts that
3 standard, and that thereafter tho stand
ard dollar shall consist Of 400 grains,
and the present silver dollar shall, as