New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-11-11
SENATOR AIDRCH on TIE El.E1IloN.

HIS VIEWS ON TUE FINANCIAL OUTLOOK AND
POSSIBLE TARIFF LEGISLATION.
cono,or Ne;son W AIdrich, Of Rhode Island.
, ,oo, s,o,ipo nj the Fifth Avenue Hotel Tor
several DAYS When asked by tribune reporter
Yesterday as to the prospects OF lhaioia' rs'''"
ton in the near future he said'
.I-nless there should be some immediate ana UNI
expected Increase in the revehues' an i''ue "
bonds will be REQUIRED at once to meet eNistihS
and Anticipated deficits. | notice some he"sp'H'e'
s,otar,apts that the Secretary of the treasury III
tepds IN coin the silver bullion In the treasury
purchased under the provisions OF the ACT Vi io'"
into silver dollars for the purpose Vi secui"e '"o
segniorage arising from the operation 'o' NV
payment of current expenses. presume ''ie s.".e
mcnt is unauthorized as such com"se "o"
in direct violation of both the spirit and letter OF inc
act of 1890 The Treasury notes provided Tor IN
that act were redeemable in CON- that 49, e'ieI
cold or silver AT the option of the Government. ana
in order to enable the SeSrsiatF silver dollars
definite coinage was provided for ana o'iIer
coinage was authorized nece sscrstar lS has
now more than 100000 silver dollars avail an,
has very properly adopted the policy OF redeem, m
ing the Treasury notes In gold anu u ,h", fur
fhSr coinage Of silver is necessary for redemption
purposes The silver bullion purchased in n,h the
trust Iund. as il was certainly intended to be for
the security of the notes issued Tor us purclhtShv
c...t
Treasury definite powers TO maintain ana p:O'eot
an ADEQUATE gold reserve for the rede,np',rrn Vi
omtstanding notes. Congress has made the Treas,
urv n great National bank Of Issue, but mas glVen
TO IL no power secure and project us neSrrVys
nres,lme. an attempt will he made early IN ,i,e
next session to repeal the State Bank tax hd .nrs
viii undoubtedly lead to another prolonged cur
rency discussion. as. such action Will be resisted
When asked what the effect of the recent cleo
tions on tariff legislation at the approaching SEES
sion of Congress would he Senator Aldfich sai9:
"Jt ia quite impossible to say. The Delnocratic
marty was successful i'm 1872 because III induced
considerable portion of the wage-earnerS OF lne
conntrv TO believe that radical change in our
tariff policy and elimination of all the protec
i've fea lures from our tariff laws would secure to
them greater prosperity in the way OF lncfeasen
wages and more certain and profitable employment
and il must be assumed that the gentlemen VINO are
now engaged in preparing tariff bill IN Washing
ton are fully convinced of the wisdom OF the
doctrines they have been advocating so long, ana
that they will use every effort to have their IDEAS
embodied into statute. 49,, -
1T would be extremely fortunate for the coun-
try if the Committee of Ways and Means should
decide to construe existing conditions and the
recent vote of want OF confidence In Democratic
p,Irposes and methods such an expression or
popular disapproval as TO cause them TO abandon
ali attempts at tariff revision but fear ths can
not be expected . - =. ~,
Senator Aldrich will return to his home in Provi-
TODAY