The record-union., 1893-02-21
Special to the REconp-ux1ox.

Special to the RECoRD-UN1oN.
WASHINGTON, Feb. 0.-Representative
Livingston of Georgia is preparing and
will probably introduce during the day, a
bill on the lines OF the understanding
reached yesterday at the conference be-
tween Senator Carlisle and seventeen
Democratic members of the House repre-
senting various elements, except radical
free coinage men, of the party on the sill
yer question. The understanding reached,
the men present say, could not be called
a definite agreement. 1t was to suspend
the silver purchases, to reserve sufficient
silver to provide for the redemption of
outstanding notes issued in payment of
silver, representing the ''proft" or differ
ence between the purchase price and the
coin value Of silver heretofore bought.
! After this is done the silver purchases
are to be resumed, unless there is new
| legislation. Meanwhile the profit will
amount to about S47, 100000, so that it will
! take sixteen months to coin the bullion.
The out-and-out free-coinage men an
nounce that they will fight the PROPOSE
| ton to the death. The anti-silver men
I
enough men to change their. views to
turn the scale in favor of the cloture, pro-
vided they could first get another report
from the Rules Committee and then hold
the votes they obtained last time. The
matters have not yet assumed shape. The
proposed measure is to be sent to the
Banking Committee.
The bill was shown to the Republicans
by Tracy of New York, and were asked
if they would support it. Nearly all the
Republicans who voted with the anti
silver men the last time replied that they
would not do so. 1t, therefore, seems
likely that the Silver Bullion Purchase
Act cannot gain the votes necessary to its
passage, as the free-coinage Democrats
say they will refuse to vote for it, and the
Republican detection more than offsets
the Democratic gain made as a result of
the conference.
One proposition which found consider
able favor at the conference and in the
House among free-coinage men provided
for the coinage of the bullion now in the
Treasury, and re-enactment of the Bland
law, but Williams of Massachusetts and
other gold men refused absolutely to vote
for any measure providing for further
silver purchases in any amount.
GOLD AND SILVER.
The annual report of the Director of the
Mint for 1892 shows the value of the gold
product of the United States to be S33, ,0OO,-
600, about the corresponding average OF
recent years. The product of silver was
5S0O0,0OO ounces, of a commercial value
of $50, $50, ,000-a falling off of $4,000
ounces from the preceding year.
The amount of silver purchased by the
Government during the year was 80, l29,
S27 fine ounces, costing S47,394,29I, an
average of 81! cents per fine ounce. From
it .333, ,245 silver dollars were coined dur
ing the year.
The imports of gold aggregated SIS l65,-
056, and the exports S76 7s5, 1872, net loss
of SOS, $40, ,536. The silver imports were
SSl, ,45O,968, and the exports $57. 81 ,3Ol.
The amount of money in circulation
, exclusive of the amount in the Treasury
was SI,61l ,32l ,753 on January lst, an in
crease of SIS, ,92S, 124 during the year.
There was an increase of over ST.. .O00 0OC
in the gold product OF the world during the
last calendar year. OF this s., SOC, 600 was
= from Australia and 50, 100000 from South
Africa. The total silver product of the
world increased about 7,650,0OG ounces
, occasioned chiefly by an increase O
l 4,5O0,0O0 ounces in the product of Mex,
lean mines and :, 400, ,O0Oin the australian
1 QUESTION OF ISSUING BONDS.
: New York, Feb. 2O.-A Sans Wash
ington special says: The attention o
Secretary of the Treasury Foster wa.
called to the report that arrangements
!, had been made with New York banker
: for the sale of S25,OOO,OOO United State
g bonds in England. He emphatically de
G MED it.
e The Secretary was inclined to thinl
that certain American capitalists havin!
. sent large quantities of gold out of tn
country through the foreign Wall-stree
bankers, were endeavoring to avoid th
) just criticism OF their actions by having
{ censure fall upon the heads of those VIII
II acted as their agents. These banker
became impatient at being made scape
goats of and have ceased, il measure
T. gold shipments. This policy, the Secre
/ tary thinks. will be continued, and as
L result there will be much less gold sen
i out hereafter.
/ ne f1cCLGteiS SsiIG tHG 1ICdSuIN Is II
much better shape now that it has been
There are S, ,00O 900 in hand, in addition
to the $l00, 200, 600 reserve fund, with n
: prospect of an unusual reduction at pres
: ent, but rather substantial increase.
e In answer to the direct question as t
IS whether he had issued any bonds, til
o Secretary said: "No, 1 have not
/ would not take such step unless in cas-
e of necessity, which does not exist.
} have the right to issue bonds under til
existing law, and 1 would not hesitate (
do my duty in case of an emergency
; Before issuing bonds would feel oblige
,s to consult my successor, for 1 have bu
e two weeks to remain in office and
would not care to do anything in that d
y rsction without first consulting HIM.
,f The Secretary concluded by saying eve
. if he desired to issue new bonds he woul
- hardly have time to prepare them at th
~ Bureau of Engraving and Printing bt
fore the close of the present Administri
ton.
CONGRESSIONAL.