Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1893-08-05
BLAND'S VIEW OF 1T.
will Fight Any Increase In Ratio OF
Silver Coinage.
HENDERSON'S NEW SCHEME
Which Democrats Could Adopt
Without a Division.

WASHINGTON, Aug. 5.-As soon after
congress meets as 1t become practicable,
Mr. Bland, the leader of the silver forces
In the house, will Introduce a bill em-
bodying the views of the silver men, IL
will provide for the repeal Of the Sherman
purchasing act and substitute therefor
the free coinage OF silver at the present
ratio OF 10 TO l. THAT" said Mr..
Bland, will be the ground upon which
we will make the fight, although there has
been no definite plan agreed upon"
He recognized that men could honestly
Iiffer as to the ratio, but that was a mat
eer that should be settled In the party
Itself. Upon the use Of both gold and
silver as money at a parity, the Demo
cratic party could not differ. IL com.
promise measure increasing the ratio was
reached, he said he saw no reason why the
present dollar should not be kept In cir.
culation, as IL was now. He proposed,
however, with all his power to resist any
increase In the ratio.
IL the United States. Mexican and South
American countries, together with the
countries Of Asia on our west, were TO
agree upon "A common ratio, Mr.. Bland
thought we would have all the trade we
wanted and would thereby force Europe
to come TO the use Of silver as a money.
How Henderson Would Have IL.
Representative Henderson Of North
Carolina has plan for the adjustment Of
the silver question that he holds out to be
satisfactory To the persons who wish to SEE
the Democratic platform declarations Gu
ried into effect without creating a dlvisi
In the party AS the platform calls
equal treatment Of gold and silver, aud
some Democrats do not deem 1t safe
provide for the free coinage Of silve.,
he would withdraw that priv
lege from gold and provide for T.
coinage of b 'etals on account of the gov
eminent exclusively. This might be a
complished, he thinks, by presenting
bill requiring the absolute purchase Of 4
certain proportion of each metal every
month and the coinage of all the met.l
purchased. Congress might from time 10
time change these proportions a. the needs
of the country seemed TO require and thus
adjust the circulation to the demands OF
business
Congressman Outhwaite of Ohio is one
Of the few western men who declares him
self In favor Of an immediate and uncon-
ditional repeal Of the silver purchase
section Of the Sherman law. One point
upon which Mr.. Outhwaite takes strong
ground is that the silver bullion now N
the treasury should be coined at once AID
put into circulation and thus relieve the
money stringency.
Bayard's Opinion.
WILMINGTON, Del, Aug. 5--The Every
Evening printed the following: In q pri.
vate letter just received, Ambassador
Bayard says: II am looking somewhat
anxiously TO the meeting of congress and
hope there will be no faltering in the re-
solve to maintain the gold unit of value
30 far from depreciating the intrinsic
value of silver bullion. believe the cessa-
ton of storage aud accumulation of stock
will help the market price for this COM
modify as il would help any other COM
modify. Whaever future steps should be
taken, a pres ut step ending the purchase
of silver bullion under the Sherman act In
OF the plainest duty and necessity"
Dockery's Position.
Dockery OF Missouri, leading member
Of the committee on appropriations, has
planted himself squarely upon the Demo-
cratic platform aud says he proposes to bo
guided by that document He is, he
said, an advocate of double standard and
paper money convertible into either gold
or silver. Mr.. Dockery would not state
Just how he stood on the proposition to re-
peal the Sherman law.