St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-29

OreaC consolidation OF PrOtec-
tiOnists and Free Silverites-
Early Death for the New Tariff
Bill if the Scheme Works.
WASHINGTON, D. c., Sept. 2S. =
The speech OF Senator Cameron in
favor of free coinage of silver continues
to attract attention here, not only be
cause it is startling and unusual atti-
tude for Republican senator from an
Eastern state like Pennsylvania to take,
but because of the events that are
crowding on the heels of that speech in
pennsylvania. At the meeting of the
Republican league at Reading yester-
day an attempt 10 censure Senator Cam
eron for his course was defeated by
two-thirds majority. An explanation
OF this failure to censure Senator Cam.
eron, and indeed of the attitude he has
taken, was furnished by the Intelligence
that has reached here that a movement
Is on foot among the protected manu-
facturerS of Pennsylvania to effect
combination between the protected in-
tereSts ana the free silver men which
iiSshS lO- ITO GIN lllC uClSdU Vi tllC
legislation looking to- tariff reduction
and the qualification of the Vests de-
mand for free coinage under modified
conditions. Some of the members of
the Manufacturers Club of Phiadel-
phia, led by James Dobson, the big
Woolen manufacturer, and Wharton
Barker, the banker, are engaged in cir
cuiatlng petition to the senate looking
to consolidation of the interests of the
Many signatures are being procured.
THE SCHEME
is to defeat the new tariff bill and give
TO silver, first, free coinage of silver
upon payment by tine owners of a
seignorage absorbing three-fourths of
the difference between the market
London) price of the bullion and its
coined value: second, the prohibition of
foreign silver for coinage purposes ex-
cept at selgnorage that will absorb all
the differences between the market
price and the mint value; and, third, an
international monetary conference ill.,
Guiding all the nations of the world eX-
cept gold monometallist countries for
the purpose of arriving at an interna-
tional agreement. The claim is set up
that the interests of silver and protec-
ton are Identical. The plan mapped
out by these Pennsylvania manufacture
erS, 1t will be observed, follows closely
the idea of Senator Cameron's Speech.
except that the former provides against
an influx of foreign silver to the mints
by absorbing all the difference between
the market and coined value of silver,
while the latter places upon foreign sill
yer an inhibitory duty.
The scheme is to align the interests
of silver and protection, and by this
means prevent adverse tariff legislation
and secure more liberal silver legisla-
tion. 1t is an alliance the suggestion
of which is fraught with great possibili-
ties if it were practicable, but its sue
cesStul operation would mean the
breaking down of party lines, perhaps,
and an entire readjustment of party
politics. The proposition, while it
seems chimerical, will doubtless attract
great deal of attention throughout the
country.
Both MIR. Dobson and Mr.. Baker are
here tonight comforting with the silver
senators In regard to their movement.
They declare that the alliance is feasi-
bic, and affect to be quite confident that
1t will accomplish its purpose.