Mexico weekly ledger., 1893-12-21
VOORHEES, FINANCIAL BILL.
His Denial OF Its Sanction by the Adj
m%inistrati0n Causes Surprise.

WASHINGTON, D. c., Dec. To-
Senator Voorhees, denial that the
financial bill introduced in the Sem
ate Yesterday by himself has the
sanction of President Cleveland's
Administration has created some
surprise among some Senators and
others who have kept informed upon
the financial question.
The silver men say they were led
to suppose from what Mr.. VOORHEES,
said during the debate on the silver
repeal question in the extra session
that, with that bill out of the way,
the Administration would propose
a measure for the substantial re-
cognition of silver as money, and
they had therefore expected that
when Mr.. Voorhees, should bring in
a bill it would come with the sane
ton of the President and the Sec
rotary of the Treasury. They admit,
however, that neither Mr.. Cleveland
nor Mr.. Carlisle has given out any
u~tterances to justify this expectation
and accept this as confirmation OF
MI. Voorhees, assurance that the
bill is entirely his own.
There lisa well-grounded suspicion
also that if the Administration should
really feel friendly to it the fact
would be suppressed because OF its
supposed desire to have foreign gov
ernments understand that this coun-
tryis committed to the gold standard.
1t is asserted by the supporters of
the Administration who are not
antagonistic to silver that it is the
policy Of the President and especial
ly the Secretary of the Treasury to
thus enforce England, Germany and
other European nations to themselves
seek a renewal of the international
negotiations for a more liberal use
of silver. This is in accord with
assurances made at the Brussels
conference upon Mr.. Cleveland's be-
half.
Ii this is correct the Administra-
ton would certainly not commit it
self to a measure providing for the
further purchase Of silver even at a
time as remote in the future as that
proposed by the Voorhees, bill. 1t
is also asserted that for the same
reaso the Administration would
not be likely to suggest legislation
looking to the revival of the inter-
national conference.
There are others not so friendly
to Mr.. Cleveland who hold that he
is on principle opposed to any re-
cognition of silver whatever, and
that without regard to international
cooperation he would not lend his
sanction to any measure in the in
terest of that metal. This view
does not correspond, however, with
the assurances given out by his adj
herents while the repeal bill was
under discussion.
There is little room for doubt that
Secretary Carlisle will indorse the
first section of the Voorhees, bill
providing for the coinage of the
seignorage. He has been anxious
to find authority for such coinage
ever since the Treasury deficit be-
gan to make itself SO plainly mani
fest, as soon after the adjourn
ment of the extra session he un-
doubtedly had under contemplation
the coinage of this silver without
further authority from Congress, be-
lieving that the unrepealed portion
of the Sherman act afforded that
authority. He seems, however, to
have changed his mind as to the
wisdom of this proceeding and is
now presumably waiting upon Con-
gress to provide explicit legislation
for it.
The silver men welcome the
measure as a basis for the revival of
the silver discussion at the proper
time, but say that if it should be
passed it would be materially amend
ed.