The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-06
SILVER HARD TO DOWN.
TIE FIGHT OVER IT STILL ON IN
BOTH HOUSES.

Issuing Treasury Notes.
WASHINGTON, April 5.-The fact that so
prominent q republican as Representative
Henry Cabot Lodge had introduced bill
practically repeating the republican silver
act of 1890, SO much and so often and so
recently eulogized by its author, Senator
Sherman, and by the republican leaders
generally,is so significant that it has aroused
much Inquiry. Mr.. Lodge himself has re-
ceived a number Of inquiries about il. The
response to one of them he made to-day in
the following statament: My bill in re-
gard to silver, about which you ask
me. is very simple one
and really explains itself. 1t provides
that we shall cease to issue treasury notes
and shall stop the purchases of silver bull
ion upon which they are based until we
reach an agreement with other nations for
the restoration of silver to the worlds cur
rency. 1t this bill could be passed it would
make the position of the United States
perfectly secure, for we should cease to in
crease the silver in the treasury unless IL
was restored to circulation by other nations.
II this general restoration came about and
all the great commercial nations once more
used silver, its free coinage would then be
perfectly safe.
ONE WAY TO FORCE RESTORATION.
"My own belief Is that If we were boldly
to demonetize silver we should thereby
compel its restoration TO the worlds cur
renoy by England and Germany within wo
years. As long as we hold up silver, how
ever, we shall probably never succeed in
securing its international restoration. The
act of 1890 was passed to meet the general
demand Of the country for an increased
circulation and chiefly TO prevent the
passage of a free coinage act, which at that
time could not have been avoided in
any other way. On this
latter ground alone ii was
1t is clear now (what was no means clear
them that it increases the volume of our
rency too rapidly, and that 1t is tending
toward the Introduction Of a dangerous
amount of bullion notes into the currency,
notwithstanding the fact that these notes
are redeemable in gold. 1t IS also clear
that the act OF 1890 has failed to do what
it was predicted it would do, as to the price
Of silver. Although it raised the price of
silver temporarily the rise has not
been maintained and bullion has sunk
now to lower point than ever. These
briefly were the views which led me to in
troduce my bill, which l think provides a
sound and prudent method or dealing with
the present situation, which may readily
become very dangerous"
ANOTHER SIDE TO THE QUESTION.
"There is another side to this question
which must be kept in mind. 1t is a great
mistake to imagine that because the silver
bill has been checked owing to the desire OF
number of free silver men TO postpone 1t
until after the election, that it Is
therefore dead or anything like 1t.
The free coinage movement is full
Of vigor and life. No evasions
in congress can settle it, 1t must be passed
upon by the people, and it will be passed
upon in the approaching elections Poll
tlclans may wish to put il aside to a more
convenient season, but they cannot make
issues to suit themselves and the people of
the United States will vote at the next cleo
tion upon the question Of the honesty and
stability Of their currency. The question
Of honest money is widely different from
the question of slavery, but like
slavery, it will not down at
any mans bidding when there is
foot to wreck our currency aud force us
after many convulsians on to a silver basis.
AN AGGRESSIVE POLICY FAVORED.
with this view of the general situation
l thoroughly believe that the friends Of
honest money will make great mistake If
they conteat themselves with a merely de-
fensive attitude and with nothing better
than an effort 10 prevent the adoption of
free coinage. | believe that we should ad.
vance the lines and make an aggressive
movement to put the currency of the
United States on a hrm bas S, to stop this
business OF trying TO hold silver and be
ready to stand on gold basis alone until
we can thereby compel other nations to
restore silver to the worlds currency"
MORGAN's RESOLUTIONS.
By the Ass0clated Press.
WAsHINGToN, april 5.-Ir. Morgan
offered in the Senate to-day an amendment
to his silver resolutions which was ordered
to be printed. Itinstructs the finance com
mittee to report bill supplementary to the
act Of July IA. 1890, which should provide
for the coinage of gold and silver bullion on
equal terms as to each metal and for the
issue Of treasury notes in denominations
not to exceed $500 land upon the
same terms and conditions as in the act of
1890 upon all the gold and silver bullion
that the United States may acquire by
purchase and that any deposItor who shall
deposit in the treasury gold or silver
bullion in quantities of not less than 800
in value, the product Of mines in the UniteI
States, which has not been previously
coined. shall at his option receive coin cer-
tificates for the same at the mint value of
such bullion.
CONSTRUCTION IN THE HOUSE.
Mr.. Pierce of Tennessee, one Of the fore
most advocates OF the silver bill, leaves to-
night for his home to be absent for about
ten days. In his absence the silver men will
not put into execution their threat TO fill
buster against every hing but the tariff
measures. But there are rumblings of dis
content among the silver democrats,
and II before Mr.. Pierce's return
the oommirte on rules does not
report cloture rule It is their intention to
adhere to their original programme. No
members have pledged themselves in writ
ing to this course, but in a private meeting
held two or three days ago seVenty-five
silver men were present and expressed
themselves In accord with the plan of OBJ
structing legislation until they were assured
of direct vote on the Bland bill.
PLANS OF THE SENATORS.
AS stated by Senator Teller yesterday in
the course of his colloquy with Senator
Sherman, the silver senator's are deter
mined to express their views upon the sub
ject of silver in open Senate, and there ap-
pears to be no way to stop them. The reso-
luton offered to-day by Mr.. Morgan as an
amendment TO the set Of resolutions which
were yesterday relegated to the
calendar, while not introduced
by Mr.. Morgan with the intent of
causing further debate, according
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