The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-06-29
THE SILVER SITUATION
Its New and Important Phases
Discussed by the Cabinet.
FREE COINAGE MEN ARE AROUSED.

The Action of the East Indian Government
In stopping the Coinage of Silver Has
Prccipitated Warm Financial Discussion
and Talk of an Extra Session of Congress.
WASHINGTON, June 2S-The silver cues
ton i'll its new and important phase, which
was brought about by the action of the In
dian government in suspending free coin
age, was the subject of serious discussion
by the cabinet meeting. Every one of the
presidents official advisers was present eX-
ccpt Secretary Gresham, who is in Chicago.
Notwithstanding the Importance of the
subject under discussion, however, the
meeting did not last as long rs is usual.
The suggestion is made that the short ses-
sion was caused by the fact that President
Cleveland and Secretary Carlisle are now
trying to formulate some programme to he
followed, and that until they have some
thing definite to suggest the other mem
bers OF the cabinet will withhold any ex-
preston of their views. The difficulties in
the way OF framing any programme that
involves decided action on the part of the
United States government are believed to
be well nigh insurmountable, for the ex-
ecutive is SO bound with existing law that
there is little that he can do at this moment
without congressional cooperation.
Free Coinage Men Aroused.
The news of the stoppage of free coin age
of silver i'll India has caused considerable
excitement among the free coinage men
here and provoked very general discus
sion of the financial situation among the
men who, in the next congress, will be
called upon to fix n stable currency for
this country. This action on the part of
the government of India has intensified
the situation, and there is a very general
feeling now tlat something must be done
here, and done very quickly. BY the stop
page of free coinage in India II large sup
ply of the worlds money is cut off and
Uncle sam is left standing almost alone
with silver. 1t is believed that this situa-
ton makes it greatly more probable than
before that the Sherman law will be re-
pealed and large number of the public
men here believe that it will hasten the
meeting of congress to Il date considerably
earlier than that named by Mr.. Cleveland
as when he intended to convene congress
together
Opinions of Two Congressman.
Representative Anderson of West Nir-
ginia said that the action of the Indian
government greatly embarrassed the stu
alton here. He said that he was Il free
silver man. but that he believed that the
conditions at this time would have to he
considered in any legislation on the sub
ject; that we could not legislate on the
conditions of 10 or IL years ago, and that
congress would have to act in accordance
with things as they find them, and not
upon theories. He said that he thought
that great many of the silver men were
disposed to agree to some compromise, but
the matter of detail could not yet he deter
mined on. Something, he was certain,
would have to be done.
Representative Meredith of Virginia said
that he thought matters were complicated
for the silver men and that some action
would have to be taken. He thought that
the Sherman law would be repealed, but
lie didn't care to guess as to the character
of the substitute for it,