Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-08-04
Ten DAYS ENOUGH.
Springer Thinks, for Congress
to Discuss Finances.
OATS, BLAND AND GEORGE TALK.

Theis Remarks Being Addressed to the
Financial Situation-A Big Bank at ST.
Paul Forced to suspend by Withdrawals
of Cash-Currency Famine in the East
Premium offered for Small Bills
Business and Industrial Notes
WASHINGTON, Aug. 4.-Representative
Springer, of Illinois, chairman of the ways
and means committee in the last congress,
is at the capital He thinks congress will
not I've in session for more than week or
ten days in August. In that time Springer
thought the silver purchase clause of the
Sherman act could be repealed and the
ways and means committee could be en-
powe ed to draft r tariff bill forsubmission
to congress when it reconvened, which
would be some time in October This COM
mittee, Springer said, would doubtless re-
port one general tariff bill, instead of a
series of special bills. That policy had
done good service last congress, but the
time was now at hand when the Demo-
cratic party must redeem its pledges and
reform the entire tariff system.
Oates View of the silver Question.
III the president parts company with the
Chicago platform believe his party will
part company with him." were the words
uttered by Representative Oates as he dis
cussed the situation. "The Chicago plat
form, upon which he was nominated and
which the people Endorsed in such thun-
dering tones last November. calls for the
repeal of the Sherman law and the main
tenance of gold and silver as money upon
parity Any scheme which contemplates
the abandonment of the use of silver is
antagonistic to that declaration of prin-
ciples and will not be supported by the
congress that is TO convene next week"
Oates looks for the repeal of the Sherman
law with condition that will provide for
the free coinage of silver at an increased
ratio.
Would Leave 1t With Cleveland
Senator George has arrived from Georgia.
Upon the silver question the senator reite,
rates the views expressed in all his
speeches in the senate and SAYS he is a
friend Of that metal. Senatar Squire, of
Washington, takes the ground that the
president should be allowed 10 deal with
the silver question in his own discretion.
He believes that it would be good policy
Tor congress to pass joint resolution per
uniting the president TO suspend the one
ration of the silver purchase section of the
Sherman law in his discretion. He also
thinks well of the inter-convertible bond
scheme suggested by Representative Tom
johnson, Of Ohio, and feels that it would
add much elasticity to the currency.
Bland Is on the Ground.
Bland, the champion of free coinage, has
arrived and was soon in consultation with
the members of his faith who are in the
city. He said the friends of silver had
agreed upon no plan of campaign other
than that they were opposed to the repeal
of the Sherman law unless they were first
given free coinage of silver. Bland. in
speaking of the ratio, said he saw no reason
to change that now in force. So far as the
possibility of repeal was concerned he
was emphatic in his declaration that the
unconditional repeal of the purchasing act
could not be accomplished in either house
McCreary Has Some Hopes.
Representative McCreary, of Kentucky
who is member of the international
monetary conference, speaking of the prob
ability of that conference reassemblinu in
Brussels in November next, said: 81 have
been in correspondence with many of the
representative men of the international
monetary conference, and am encouraged
By the reports that hear. cannot say
that ! believe in the ultimate failure of the
conference. The action of India was not a
surprise to me, because it had been pre-
d ,cted. Although they are no longer to
have free and unlimited mintage of silver
III India nothing has been done to prevent
the government from coming silver"
A SPECIMEN BANK SUSPENSION.