Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-09-09
AFTER REPEAL, WHAT?
ANOTHER FREE COINAGE FIGH,
wILL BE PREcIPITATED.
Pledges VIII be Carried out--Mr.
Cleveland and Leaders Of Con-
gress Meet and Confer.

ATLANTA Constitution, Washington Spe-
cial)
Congress aud the executive will re-
deem the pledges Of the Chicago plat
form.
During the past few days there have
been several conferences between the
president, secretary OF the treasury and
leaders of the two houses of congress. In
them 1t has been agreed 10 carry out the
pledges of the platform entire, Every
thing will not be done at once, but in the
end all will come about
1t may be that before the passage of
the repeal bin bill will be put through
both houses providing for the coinage of
the S52OOO,O0O of seignornge of silver
now in the treasury. This will be applied
to the assets OF the treasury to relieve It's
embarrassment. Mr.. Cleveland may send
special message to congress this week
urging such action Immediately.
Whether the message goes in this week
or not such uction is certain to be had
very soon The president, Secretary Car
Isle and all the leaders Of the two houses
OF congress hIt AEItfN upon ~
But that is an outside issue so to speak,
from the general tinacial program The
question Is. what is to follow the repeal
Of the Sherman lawl The bill repeating
this will pass the senate within few
weeks.
The next financial matter TO be CON
sidered will be the bill allowing national
banks to issue currency TO the par value
of their bonds. The ADMINISTRATION faYors
this, and II may pass.
provide for an issue Of bonds, 1t Is not
\ probable that q majority of elther house
| Of congress cOuld,.be secured for this,
even though the administration advocated
AFTER REPEALs-WHAT?
After the Sherman law Is repealed,
another free-coinage fight will be precipi-
tated in both houses. Men who have
| announced themselves as bimetnllists WIZ
| be given full opportunity TO prove the
genuineness of their assertions. They
| will be forced to show their hands: The
| issue will not be surrounded with EN-
harrassment. II will be plain. But you
| may put il down that no bill for the
free and unlimited coinage of silver will
become law In the very near future.
| The senate may pass one In the house,
however, Il could not run the gauntlet.
II II did, Mr. Cleveland would veto 1t.
Realizing this, some well.known silver
! men, who are more anxious for results
than for the continued renewal Of their
personal records as free-silyer men, are
| already working upon a compromise meas,
| urea measure recognizing silver as d
money metal and providing for its con
tinued coinage and use on a parity with
gold.
These friends Of silver see that theii
| ultimate object must be obtained IN
stages. Not being able to obtain free
coinage at present, they are preparing tC
accept something as near to ii as pos
sible to get right now.
accomplishing step forward. then
theip program Is TO strive for another.
The second they hope will be free coin.
age, but they all believe 1t TO be impos-
sible WITH after the congressional cleo
ton. They want II the main issue in
the next congressional campaign. Tho
contest Will be free coinage of both
silver and gold on the one hand agnins;
u single gold standard, with Silver used
as at present, on the othe- Bimctal
lists, az the term is now applied, viii
be ranked In tho latter class.
MIR. HAltrER'S PLAN
Mr.. HaIter of Ohio can propose more
financial hills than any other member
OF either house Of congress. But unfor
tunatcly for Mr. .l1arter, none Of his bill.
are ever seriously considered.
His latest Is bill 10 authorize nm.
tional banks to issue circulation To III,
amount Of 20 per cent OF their pAId-ir
capital II gives the Comptroller NJ III,
currency the power 10 protect the note.
by making them first lien upon 10,
assets OF the bank, and to levy an assess
ment upon all the nitonal banks within
the state within which a failure may oc,
cur In proportion to their capital Tbi.
plan, Mr.. Hartor says, will lead III,
banks to support each other when they
are solvent and well managed and IL
keep close lookout for badly man
aged institutions. In addition 10 Iii,
regular circulation Mr.. Harter propose.
TO authorize an emergency circulation
seured by deposit Of United State,
bonds, but subject TO tax Of q ne,
cent per atnpm. This tax, he believes
would compel the banks to withdraw
their circulation MS soon as the emergenc,
demand fer circulation ended and wouli
prevent undue imitation,
|