The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-22
BANDS NEW SILVER BILL.
The President Debating Whether to
sign or Veto II.

Scores of kilograms and Letters Pour
ing in Urging Him to Disapprove the
measure-Fear Expressed That Its
Enactment INTO Law viii Shake
Confidence Bland to Push a Free
Coinage Bill No Matter What the
Fate of the Seigniorage Bill Is.
Washington, March Representa-
tive Bland, of Missouri, wishes it under
stood that the committee on coinage,
weights and measures, of which he is
chairman, has not as a body waited upon
Secretary Carlisle to give any pledges as
TO their future action in case the Seign-
forage bill should be, ONE a law Indi-
vi5ual members, he says, may have
spoken with the secretary and assured him
thatif the bill were signed there would be
no further silver legislation by this con-
gress, but that il they did this 1t was in
their personal capacity and without
yaIthOritV from the committee Mr.
Island says that he has not seen Secre-
tarv Carlisle for some time; that he only
saw the President for a moment the other
day and at this meeting simply expressed
the hope that he would not veto the bill.
MIR Bland adds that he has not aban-
dOued the crusade in favor of the free
coinage of silver. He purposes putting
such a bill through the House at this ses-
sion if possible, without regard TO the
Presidents action on the seigniorage bill
Secretary Carlisle was closeted with
the President for an hour this afternoon
at the executive mansion discussing the
seigniorage bill. The President is max
inc up his mind on this matter with great
elaboration, and weighing all the facts
presented with judicial impartiality. His
action i'm requesting the committee of the
New York Cham Der of Commerce not to
visit him. is explained by the statement
that he wished to reach d conclusion by
study of the subject without disturbance
from outside presence one way or the
other.
A PROTEST FROM NEW YORK.
New York March 2l-Purchasers of
the s50,O0OOOO United States new per
cent. bonds met at the Union Trust Com
pany this afternoon to protest against the
Bland seiguiorage bill. President Will
Jams. of the Chemical Bank, presided
and the following resolution was adopted
About twenty-five of the leading New
York bank presidents and private bankers
were present. The resolution reads:
Resolved That in the opinion of the repre-
seutatIves Of the financial institutions of New
York. who subscrit ed to the 80 OJO.UO0 Per
cent .oau. and made il success, the coinage
of the silver seigniOrage would endanger the
financial aullity of the government and
would utict upon suffering people PERM
cIou- and unnecessary legislation, which
would he far-reaching in its disastrous COnse-
qucaCes.
THE PRESSURE ON THE PRESIDENT.
The pressure being brought to bear
urou President Cleveland in regard to
the action he shall take upon the Bland
seigniOrage bill is not confined to senators
and representatives, for he is in receipt
of letters and telegrams from all sections
OF the country upon the subject, and, con
trary to the belief that seems to prevail
very arge majority of these communi-
cations urge him to exercise the
veto power Many of the most emphatic
o. the letters in their urgency for a veto
are from Baltimore, New Orleans, Rich
m0ud. Va, s.. Louis, Charleston, 5. c.,
and other southern cities, and represent
boards of trade and leading business men.
Similar communications have been re-
ceived from the cities of Chicago, Pitts
burg Aueghany City, Detroit, Boston.
New York, Philadelphia, Rochester
\. Y, and Providence, r. !.
The prevailing sentiments contained
in these appeals are the expression
Of an apprehension that should
the bill become a law, there would result
loss of confidence in the credit of the
government. a fear that the gold would
be drained from the treasury, and feel
ING hat the government would he unable
TO maintain the parity between gold and
silver. thus placing its statues on the
same footing with Mexico, the Southern
American republics and India.