Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1893-09-13

WAsHINGToN. Sept 6.-At the cabinet
meeting Tuesday the important qucs-
ton OF IA future financial policy for
the administration was discussed.
The consideration covered both tho
question OF what shall be done imme-
diately to relieve the actually bankrupt
condition OF the treasury. and the
various plans that have been suggested
for allowing state banks to issue notes
as currency under some form OF federal
supervision.
IL can be said as To the latter that no
one plan has yet received the uuquali-
fed approval OF the administration As
90 the condition OF the treasury the cor
respondent can state positively that
Secretary Carlisle Is unqualifcdly OPP
posed To a bond issue and in this posi-
ton hc Is supported by several in tho
cabinet Their reasons for this oppose
tion are purely political. because IL is
believed that an increase in the inter
bearing public debt for the first
time since the war, would ruin the
democratic party in the west and
south, where the issue of bonds would
be regarded as concession To the
capitalists OF the east
The only plans for the relief OF tho
treasury which found faVur Tuesday
were. first the issue OF nou-intcrcst-
bearing certificates, which would pass
into the nationa, currency through tho
payment OF public obligations and
which would be redeemed after the re-
ccipts OF the government had again
grown tonn excess OF the expenditures,
and second, the coinage OF the Scignor-
age OF silver, which would add about
So, 600. 600 TO the available cash.
The second proposition is the one TO
which Mr.. Carlisle is most inclined To
coin the seignorags the authority of
congress Is required and MIR Cleveland
is disiuclincd 20 have this or any kim
drcd subject injected into the proceed
ings mt the capitol until the silver pur-
chasing clause shall have been repealed.
IL was decided, therefore, TO wait for
the present unless the situation should
become moro aggravated
As TO legislation, the chief desire OF
the administration is TO thwart any
proposition which may be urged in be-
half Of the silver cause 20 couple with
the repeal OF the silver purchase clause
n provision recognizing in any degree
the claims OF silver The administra-
ton wishes absolute repeal before con-
sidering subsequent legislation, while
meantime holding forth the promise of
future relief Tor silver upon an interna-
uonal basis The silver senators laugh.
as these dispatches have said, at these
promises.
Meantime the most threatening OF
any of the compromises suggested by
the silver men is in the form OF n sub
Sututc for TIE naked repeal hill This
~ offered by Senator Lindsay, OF Ken
lucky, who proposes TO coin silver up
TO $500, COO, 600 at the rate OF 81. OOO. 600 a
month This would attract. IL is
claimed, a number of votes in the sem
ate from the unconditional rcpealers
among those who are disposed 10 rccog-
nizc the claims of silver.
The friends of this proposition claim
that ON vote there are now thirtv-siN
senators who never will vote for uncon-
ditional repeal, and eight who would
vote for repeal but who would not vote
Tor such a substitute rs the one de-
scribcd. making forty-four This is the
most Snuguiuc silver estimate for such
n proposition, the highest hope is but
one more than n majority of the eighty
three senators. From this 81 may be
safely inferred that the silver mon arc
still hopeful OF n division in their favor
and that the unconditional rcpenl mon
fear H.