New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-28
DTSCUSSED BY THE CABINET.
THE SILVER QUESTION ABsORDS ATTENTION
IN WASHINGTON.
NOW CoNGEEssMES VIEW THE SITUATION
GENERAL WARNER TALKS OF CONSPIRACY
AND PREDICTS REVOLUTION
Avn ANARCHY.
tuy TELEGRAPH TO TIE TRIBuSE.]
AND ANARCHY.

AND ANARCHY.
ivy TELEGRAPH TO TIE TRIBuSE.I
Washington June 2S,-The action OF 'he
authorities In closing the mlnts of lnna 10 "'c s
cor coinage has made. Of course pro'onuu np''N''"
,ro both in y nautical and a financial way Inc main
interest aroused has been naturally pontch ho"eT''
and tbo chief question asked today on all SUES was
whether the President in view OF Inc preSe" ,''.
and irretrievable break in the SILVER m''N'"
vould put forward the date already hxeo py Mn" ''
tho assembling OF Congress and the repeal OF the silver
PURCHASE law Of 1890 There are no Indications, nov"
ovcr that Mr. Cleveland will hurry either hlmseil OF
cororo,s uud,lv about the repeal OF the socahed
sb.rmon act As the two houses are to assemo'
only LITTLE more than two months hence accoru"s :"
the original programme of the Executive u .ho"s
onparentIy by the Administration that the Ire"sui'
can endure two monthly purchases OF s''cr WIN
ont serious embarrassment. as they VIII ao" oni'
600 900 ounccs-a tiny accession by comparison 10
mo immense store Of bullion now incumoerhs 'ne
Treasury vaults.
REPEAL, A FOREGoNE CONCLuSloN'
Tho. cor,re., will repeal the part Of the present
law recurring the purchase OF 4,oooooo Jun
uortblv is now generally accepted as inevitable anu
thoro are few observers OF politics here WHO can
sor how the silver men In the new '"ne'e'' "
save purchase Of coinage clause OF any SUIT o"' "
the present wreck OF the free silver anu cheap ''
adc If q
,vor ne understood by its Rocky Mountain FRIENDS
+, u,,orv homeless after the India Councils acuoh
&c scarcely denied even by the most radicai "u
voc.tcs 81 the use OF the two metals NJ 'he o'u
ratio The only struggle OF the Tree coming nv"
in the legislation Of tie extra session VII, ~
fore II is presumed. be to maintain sc"o'".e "
Government sanction for the continued u'e VI Wv
two metals IN this country at IN panty
N. ocua, effect may be OF the cessation VI si'ei
ho.o. and tho reduction OF all the different lorms
:, r.rcv IN circulation practically to single OASIS
OF gold. .,,, ~. MIR
chase act Of 1890 Is doomed now pesohu MP g.,
gives the President and his advisers o"n"u,
the policy OF nonaction ut present VIM" -
understood TO have adopted keprh' o, Wv ,.o,n
oct would have been secured with dincui'y 1om
Ionc-oss ,ub months ago II might be accohp"S"ou
It'll an efort to-day. Bnt two months hence IL VIII
nerhaps be like the ripe plum OF ponu.s' 49, ~.
fau OF It's own accord The Treasury D.p''
officials view the slump In the price Oh S"'" 49,
resignation. not TO say cqnani'ni'y' in ''' =,
has M nlon whatever TO offer 10 break INC iaii VI
tho silver market or TO ease hohihE9' SP''"
LEGITIMATE. The June quota OF bullion was I'LL P
49,, ,oor,v n wcck ago. and no more olefs WI"
,, c,,,ed for until July .. There WOULD oe i" ."'
,r,se n, the Treasury II the silver III u'' selma
dollar should shrink In value In tHc hoN' ~" -
from ~ "a ccnts-the quotation LOT ''""' az
cents or even 80 cents. Inc ono'' ,ro
uo-hns ho DELAYED little during July 10 '"Nc
aavontarc ~ the falling price. bu' Inv
ounces will be bought usual. whatever 'n' """
cro &c and stored away with tho rest OF ''' '"'
H., y, hand and The rouilnc Of bids ana ac''p'u'vs
,n H., zone through with Just rs II SILVER WERE '"
a, ., an ounce n It was for n brief mofh'h' "'''
tho massage Of the present purchase "o'' ~
Two hours were consumed by inc 'ap'"'
TODAY in discussing tho ne" p""Se
the silver question and other matters "',"'
o,,or,,on The two conferences YESTERDAY af''fho''
49,. o,o,,r, hctwccn the President ard SECRETARY
Tr,,s,o ,,m,,iaod matter; 10 some extent A'ho IN
,,o discussion 4, IS said. took wide range F" ""'
necessarily brought back 20 one important ana u'"
or.nllc polnt-thnt the Executive had no power u Wv
..r,os corrrces olore being able 10 deal with INC
measures for relief. II was plain 10 NV '."''
that the monthly purchase Of silver must De- o"h''
- ,so Congress ms, DO convened In special Session
immediately As the President had decided 10 eau
Congress together In the carly part Of H'P'"mpci "
,, With the financial situation. AMI Manifested no
,,,onuon Of changing his stated purpose Tho proJ'"
- a, earlier session OF Congress, II Is UNDERSTOOD WIS
dropped A.
From the comparatively ,cw Congressman IN 'h'
CITY ,bc following views have been oh'aih'1'
eono,o- Do,nh ~ Oregon who IS the only Pacihc
SIopc Senator In tho city, shld uhS m"'n'"E' wv
ornosca 20 nv colleagues as know. on the 'nb-
fecf
~ Tho currency on n par with gold. bnt II seems
.. mo t1s action ~ tho indian Government VIII
.,rnish instead ~ increase tho prospect NJ passing
+, repeal Of the sherman law bv TIC SENATE "''
tho effect Will be 10 mako though'fn' members ~
conrress hesitate bnfor" they further hrW''l''e wv
o,,o =, ei,vcr by suddenly throwing npon me mar
bots q, the world tho 4 100000 ounces OF NIvcr'
or,vo,ort 70 nearly tho whole American product now
nurcbascd and stored monthly BY TO Government.
=, No, brov tlat ANYTHING better than the repeal
=, ro Sherman net ran be done 10 relieve th'
situation bnt am fearful that the repeal o' 'h''
act wo,,d hc disastrous 10 the finances 81 Tho Govern
rnnnt and to silver"
The Senator further desired n correct pno''n'"
statement that he said in substance that Mr. 'l"v"-
land would not be able 10 command N" rre'enc" oI
Congress NJ the special session and that for himself
he shonld not come Washington prior To September
70 lie might have said That Congress should not.
m .cco,n, ~ the hot weather. no convened earlier
than sontomber 90 or that hc DID not expect 10 b"
I'm wnshn gton unr tho Goth b't hc hal said nothing
Indicating any opposition 70 Mr. Cleveland, or mar
10 conld not be on hand whenever congress was
called No Senator he said wns moro constant IN
attendance or moro willing To do his share of the
work man he wns and he would probably he a better
supporter Of Mr.. Cevcland's financial measures thnn
the majority Of Democratic Senators.
VIEWS OF cOvGREssMrN
f'Tr"F"nH'lN" Ni"''H""' WI "'' '''''''"' ~
The action ~ tho Indian Government greatly embar
rasscd the situation here. lie free silver man.
NUT he believed the conditions nj this time would
lave TO b. considered In any legislation on tho Snb
lcct that we could not cgslate the conditions OF
ten or twelve years ago. and that Congress would
have to act in accordance with things ms they find
them ard not upon theories. lie thought n great
many Of tho silver mcr were disposed 10 agree 10
some compromise. but the matter OF detail could not
vet be determined on.
Representative Meredith Of Virginia. said matters
were complicated for the silver He thought the
sherman law would be repealed. but he did not
10 guess as to tho character Of the substitute for IT,
"Ths notion on the part Of the Government Of
India, said Mr. Boatner. OF Louisiana, "throws
good many difficulties In tho OF free cStn-
age. have doubt that had not this been brought
abont Mr. Cleveland woud. during the next session
OF Congress have had free coinage bill presented
A.. o. b Or his ycia I cannni tell