The Providence news. (Providence [R.I.]) 1891-1906, 1893-08-05
BLAND|S WEN OF It.
Will Fight Any Increase In Ratio, Of
Silver Coinage.
MR.. HENDERSON'S new SCHEME
Which Democrats Could Adopt with
out n Division-Wou Withdraw
Privilege OF Free Coinage of Bi- i-Metals
on Government Account Exclusively.

WASHINGTON, Aug. 5.-As soon after
Mr.. Bland, the leader of the silver forces
In the house, will introduce bill en-
bodying the views of the silver men. 1t
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
differ as to the ratio, but that was mat
ter that should be settled in the party
itself. Upon the use of both gold and
silver as money at parity, the Demo
cratic party could not differ. III a com.
Promise measure increasing the ratio was
ieached, he said he saw no reason why the
present dollar should not be kept in cir
culation, as it was now. He proposed,
however, with all his power to resist any
increase In the ratio.
II the United States, Mexican and South
American countries, together with the
countries of Asia on our west, were to
agree upon 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 It.
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 car
ried into effect without creating division
in the party. AS the platform calls for
equal treatment Of gold and silver, and as
some Democrats do not deem it safe to
provide for the free coinage of silver,
he would withdraw that priv.-
lege from gold and provide for the
coinage of bimetals on account Of the gov
ernment exclusively. This might be ac-
complished, he thinks, by presenting q
bill requiring the absolute purchase of a
certain proportion of each metal every
month and the coinage of all the metal
purchased. Congress might from time TO
time change these proportions as the needs
of the country seemed to require and thus
adjust the circulation to the demands Of
business.
Congressman Cultivate 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 Wv. One point
upon which Mr.. Cultivate takes strong
ground is that the silver bullion now in
the treasury should be coined at once and
put into circulation and thus relieve the
money stringency.
Bayard's Opinion.
WILMINGTON, Del, Aug. 5.-The Every
Evening printed the following, In prl-
vate letter just received, Ambassador r
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
So far from depreciating the intrinsic
value OF silver bullion. believe the cessa-
tion Of storage and accumulation of stock
will help the market price for this COM
modify as it would help any other COM
modify. Whatever future steps should be
taken, present step ending the purchase
of silver bullion under the Sherman act is
of the plainest duty and necessity"
Docaery's Position.
Dockery of Missouri, leading member
of the committee on appropriations, has
planted himself squarely upon the Demo
cratic platform and says he proposes to he
guided by that document He is, he
said, an advocate of a 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