New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-15
THE LATEST CURRENCY BILL.
WHAT IS THOUGHT OF SENATOR JONEs's
SCHEME.

,,o,-st, nruocpATs NOT TALKING MUCH ABOUT
TT VIEWS or MrgsRs REED AND DINGLEY
SILVER MEN ALL AGAINST TIT
MAY NEVER nE INTRODUCED
fny TELEGRAPH TO THE TRIBUNE
Washington. Jan li-Dcmocrauc members 81 the
House Of Representatives a. rule were not WHINE
today TO cxpr.-s their opinions OF Senator Jones 3
financial scheme. at least for publication. Chairman
Wilson said that he had read the plan hastily as
outlined I'm the newspapers and preferred TO reserve
his opinion until he had found time TO study he de-
tails as embodied in bill. Other Democrats TOOK
similar ground.
Mr. Reed OF Maine said that while he had not
found time TO carefully examine the scheme. II
s.o,ed n him a, first glance 10 be less objection
able than the one proposed TO the Committee on
Banking and Currency by Secretary Carlisle on De
half OF the Administration. or course. he SAID IL
would be necessary TO borrow money unless proVis-
ion to be made TO increase the revenues from
customs and internal taxation. He thought II pos
sble that the Jones plan something Ike 1t might
pass the House II II should get through the Senate
The proposition 10 redeem and cancel the green
backs he did not seem 10 regard as especially de-
srable even II 1t practicable
Mr. Dingley. OF Maine did not regard the scheme
with favor lie said:
The trouble Is the plan includes too many things
The proposition for free coinage II adopted. would
simply add to that kind OF currency which Is al
ready giving us much trouble. and thus defeat
the professed object proposed legislation. II
would be less Objectionable II the issues OF silver Ger,
tIhcates were limited to denomina tons OF s. and
less. Not 80 many OF them would then be used IN
the payment OF customs dues. II the Treasury notes
issued under the Act OF 1890 could be retired do
not think there would be any difficulty on account
OF the greenbacks. and have a plan In my mind
which think would accomplish that object without
producing any shock OF course. what ought to be
sufficient to meet the current expenditures
OF the Government Every plan thus far proposed
party rather than one 70 relieve the necessities OF
The National Treasury. The latter IL what the conn
try demands ana hore even If DO s no, expect,
thing in response TO that demand
Chairman Springer. Of the Committee on Banking
and Currency. OF course regards with disfavor the
Jones scheme and all other financial schemes OF
Senatorial parentage. and he insists with good
deal OF emphasis that the Administrations bill
with certain notifications Is the only that
stands even ghost Of n chance OF becoming law
at this session. There IL doubt that he has re-
ceived strong encouragement from Secretary Car
Isle II not from President Cleveland himself, to
persist in his efforts to force that bill through the
House Of Representatives. There was some talk
to-day TO the effect that a proposition would bo
offered 10 amend the provisions relating to the 30
coin silver coin and silver certificates "A well
preenbacks and Treasury notes issued under the
Act OF 1890 might be deposited a basis OF clrcu-
laton This change. IL was thought might catch
the votes OF some free-sver men who would other
wise vote against the measure. Chairman Springer
homes 10 have new and revised edition OF the
ADMINISTRATORS bill ready within the next
three days
The silver men refuse to accept the bill and have
an informed Senator Jones This morning and later
IN the day. while the Senate was In session. Messra