The morning call., 1893-06-28
aid in substance that Cleveland would not

said in substance that Cleveland would not
be able to command the presence of Con-
gress at a specia session, and that for him
self he should not come to Washington
prior TO September 80.
He might have said Congress should
not, on account of the hot weather, be con-
vened earlier than the 20th of Septem ber
or that he did not expect to be in Wash
ington until the Goth. but he said nothing
indicating any opposition to Mr. Cleveland,
or that he would not be on hand whenever
Congress was called. He probably would
be better supporter of Cleveland's
financial measures than the majority of the
Democratic Senators.
Among the opinions obtained regarding
the situation as affected by the action of
the Indian Government were the follow
ing:
Represen tative Oates says that he is
hopeful of speedy settlement of the
question when Congress meets. lie thinks
the most logical and common-sense thing
Will be the repeal of the Sherman law and
the enactment of law levying a 10 per
cent tax on State bank currency and to
provide for the free coinage of silver at
such rate as to place it at a parity with
gold.
A. j. Warner of Ohio, president of the
Bimetallic League, said: "The stoppage
of the coinage of silver in India has in
augurated new monetary revolution.
Il IS movement deep-seated, and it will
be far-reachlng in its con sequences. The
closing of the minis of Bombay and Cal
cutta is part of a gigantic conspiracy to
seize upon the present opportunity to
finally and forever adopt the single gold
standard and to extend il all over the
world. The immediate consequence will
be that silver will fall and gold will in
crease in value faster than ever. Prices
will fall everywhere as gold rises, and
every advantage will inure to creditors and
creditor nations. England has set out TO
subdue the world. not with arms, but with
gold.
-"What is there left to do but for the
western continent under the lead of the
United States to mite and act inGepend-
entity and establish a financial system
founded upon equity and calculated to Sc
cure stability in value. and one which will
keep an even balance between debtor and
creditor. Not one calculated TO rob with
impunity the debtor for the benefit of the
creditor"
A national convention of the American
Bime;alIic League + as already been decided
upon for the latter part of August at ST.
Louis or Chicago.
Secretary Carlisle, in response 70 a re-
quest TO express his views on the financial
situation as affected by the action of India
on silver, politely declined. saying that
under the circumstances he had pothing to
say for publication and did not care to in
dulga in speculation as to the future.
Two hours were consumed by the Cabi-
net to-day discussing the new phase of
the silver question, while other matters
were demanding attention. The con fer
ences yesterday afternoon and evening be-
tween the President and Mr.. Carlisle SIM
pllied matters to some extent.
Although the discussion. it is said. took
a wide range, it was necessarily brought
baek to tao Important and uurnaa-
ageable point that the executive had no
power in the premises, Congress alone be-
ing able to deal with measures of relief.
1t was plain TO the Cabinet that the
monthly purchase of silver must be con-
tinued or Congress must be convened In
special session Immediately. A. the Presi-
dent has decided to call Congress together
the financial situation, and mas manifested
no intention of changing his purpose. the
project of an earlier session of Congress. it
is understood, was dropped. So far as the
continuance OF the purchase OF silver bull
lion and the Sherman law were concerned
it was pointed out that a little more than
two months remained before Congress
would convene in extra session, and that
during the intervening time the silver lots
purchased would be only 5000. coo ounces.
paratively small amount in view of
previous purchases, and that the best way
to deal with the question was to await the
course OF events two months longer. This
was generally agreed to, and it was with
this view dominant that the meeting ad-
journed.
NEW YORK. June 27-Kiernan's WALL
street News Agency quotes the representa-
tive of prominent clearinghouse as saw
ing: | have been in Washington, and am
in position to speak confidently as to
Cleveland's attitude on the silver question.
What has been given out for publication
and CarlsIe's printed interviews NAV he
regarded as put forth to feel the pulse of
the people. Cleveland has not decided tn
call an extra session of Congress earlier
than September, and will not do so unless
he should be forced by the gravity of the
situation.
MILWAUKEE, June 27.-Thirty mer-
chants and manufacturers of this city to-
day sent adispatch to President Cleveland
expressing their conviction that sound
stable currency of equal value in all the
money markets of the world is an abso-
lutte necessity for the safe conduct of busi
ness, and hoping that the so-called Sher-
man bill would be repealed at an early
date.