Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-12-04
WASHINGTON CITY.
TALK or THE couNTRYs soLoNs
As THEY REASsEMBLE.
Bia~d on the Monetary Conference and
the Prospects Of silver Legislation
The Extra session Matter.
FBy telegraph to the Dispascb.l

fBy telegraph 10 the Dispatch.)
WASHINGTON, December SIT il ascer-
tanned at the State Department that the
Beriug-Sea arbitration tribunal viii hold
its first meeting in Paris on the Esd of
February next. BY the terms of the
treaty the case OF each government was
delivered September list last and the
counter leases on each side should have
been delivered December LIST; but, taking
advantage of provision of the treaty TO
thst effect. the British government asked
for On extension of time for sixty days,
which postponed the time for the delivery
OF the counter-cases 20 February Sd and
the meeting of the tribunal OF arbitration
to February Esd next
The President has signed the appoint
ments OF Justice Harlan and Senator Nor
gan as arbitrators for the Bering Sea Com
mission. and OF Secretary John w. Foster
~ agent in behalf of the United States
Government on that commission, These
appointments were made on the 9th OF last
June.
The President resumed his public re-
ceptions in the East Room at o'clock to-
day. and abOu. seventy-hve people paid
their respects TO the Chief Executive.
FIrTy-rsRp CONGRESS.
n
third Congress Is being compiled In the
Office of tho Clerk of the House. The WORK
has been done with care. but until Mr.:
Kerr. who is out OF the city, returns ana
approves of 1t the roll will not be pub
lished. The unofficial list shows 2l7 Demo-
Gratis, l2S Republicans, 8 Populists, dis
tricts in Rhode Island in which elections
have vet TO be held, and the Fifth District
of Michigan, at present represented by
Mr.. Be!knap, left blank for the reason thAt
10 IS regarded as still IN doubt.
BLAND ON TIE BRUSSELS CONFERENCE.
Representative Bland, of Missouri.
chairman of the House Coinage Commit
tee and the Champion of the free coinage
of silver, was asked by an Associated
Press reporter what he thought would Dc
the result of the failure OF the interna-
tional Monetary Conference 10 agree on
ANYTHING. He replied Il do not see that
IL wouId have any effect one way or the
other. | never regarded 1t as anything
more than q makeshift TO tide over the
election and perhaps help movement 10
demopetlZe silver. / always regarded u
as having those objects in view more than
any real expectation of doing good TO ST.
yer. | don't think the public generally
9Do YOU expect anything from the con.
II do not, and tdecisivelyl I never
have"
SHERMAN LAW REPEAL.
Suppose that the conference should |
fail and that proposition should then Dc !
made to repeal the sherman law what
them"
THAT will be proposed any way, pre-
sumo. am in favor of repeating II II we |
can get something better for silver. L
don't like the Sherman law myself. At the
time II was proposed stated on the moor
of the House and in my report that IL
would not increase the value OF silver OF
tend 10 promote its restoration as money |
that il would be failure IN that respect. |
Yet You might say II Is a.copnect'ng INK
between total demonctIzatlon and some
thing better. Hence | think 1t would be |
bad policy 10 repeal IL unless we can 90
something else at the same time. Our Dill
and the Stewart bill repealed the sherman
law, but substituted free coinage"
SILVER LEGISLATION.
"Do you think there is any prospect of
silver legislation z"
Il would not like to express any opinion
on that, because | do not know how mem
bers feel From the wav they voted last |
session there is not much prospect of it."
Outside OF free coinage what plan can
you suggest that would improve the hnan-
cial situatlon?"
Il would 60 to work and coin all the
bullion which has been purchased. That
would be a great relief, because 1t would
show that we were determined to make
money of silver, Just as of gold, at fixed
ratio" added Mr.. Bland, with q slgnih-
canoe that may appeal TO the economists
of the House. "That would be one means
by which the deficiency in the Treasury |
could be met. All the bullion we have In /
the Treasury under the present policy i
might Just as well be dumped IN the Poto-
for Ii A I IL n |
cerned. Ii Is treated as a commodity, and |
as treated by the Treasury now is so much /
dead capital. We have purchased SINCE |
the Sherman law went into effect nearly |
l26, 000, 900 ounces of silver, which would |
coin about Sl62, 00O,0O0. Rating the pur-
chases at an average price of 30 cents an |
ounce. we would gain approximately $50 |
COX, 900 on coming the bullion, which |
would bridge over any difficulty arising |
from the deficiency in the Treasury the |
coming fiscal year, 50 that we need not |
issue bonds nor take any other steps than |
coming that bullion to provide ourselves |
with all needful funds"
GREAT pRITAIs's DISPOSITION.
Don't you think the proposition to |
make silver legal tender up 10 IS shows q
more liberal disposition towards silver on |
the part OF Great Britain 2"
THAT would make 1t subsidiary cur |
that does not make it full legal tender IS
not making money of it. What Great |
Britain wants TO do is to drive the United
States TO demonetiZe silver-to make II
simply subsidiary currency. What we
should do is TO drive Great Britain to the |
use of silver as money and We could do 1t.
We would only have to make money of |
silver and Great Britain would have |
TO act with us. for il has too many interests |
not to do il. Rothschild has stated |
that Great Britain could not afford TO do |
anything that would hurt us. Austria, |
Russia, and other nations are buying gold. |
Suppose we should GO into the market |
after gold. Yes. II has been talked about; |
it has been said that we should sell more |
bonds or issue more legal-tender notes |
and provide a basis for them by buying |
gold. If we went into the market We |
would beat them. The price of gold would |
keep rising; there would be a scramble |
for II, and then crash, when the people |
would come to realize what this sole gold |
basis means"
THE NEXT SENATE.
Senator Hale. of Maine Republican,, |
believes that the Democrats Will organize |
the next Senate. lie saws the Republicans |
would be foolish 10 try TO hold the orgaDl-
xation, for they would be compelled to
rely upon the support Of the Peoples
party, and as the latter would be sure TO
desert them on the first critical issue, the
Republicans would be lett in an awkward
place. As the Democrats will be able to
control legislation, the Senator believes
that they should be obliged to assume the
full responsibility of organization.
DEMOCRATIC TARIFF REVISION.
Representative w. G. 7. Breckenridge,
OF Kentucky. is in favor Of somewhat of q
departure from custom IN the matter of
the preparation OF the Democratic tariff
revision bill. lie thinks IL should be done
under the direction OF Mr.. Cleveland. Mr..
Breckenridge said that the people had con-
fdence in MIR. Cleveland, and he thought
that Mr.. Cleveland should, with the assist
snce OF bis Cabinet and officials, prepare a
tarih bill 10 be submitted TO Congress in
lieu OF mere message of recommended
ton. This bill, he SAYS, could be consider
ed IN the Committee on Ways and Means,
and such amendments as were agreed on
could be adopted in the House aud Senate
md great deal of time and trouble be
waved.
E1TRA-sEssIoS TALK.
Mr.. Breckenridge said he was opposed 10
On extra session earlier than next autumn,
and was apparently not favorable 10 an ex-
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