The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-12
UNCLE SANS EMPTY PURSE
Senator GCTmln 10 Tell the Senate How
10 Fill.

He VIII Advocate a LonE Date, Low In
terest Bond Issue-Inoreased Taxa
tion the Only Other Remedy for the
Situation The Silver Republicans
Bound 20 Force a Concession to the
White Metal as the Price Of Their
Support OF ANY Financial Legisla.
tion.
Washington. Jan. 1.-THE assertion pre-
viously made in these dispatches to the
effect that the silver republicans would
allow no financial legislation which did
not include the unlimited coinage Of sill
ver was confirmed to-day by the em-
phatie declaration OF Senator Dubois OF
Idaho in q speech upon the floor Of the
Senate II is possible that this ultimatum
can be met by coming silver on a basis
Of allowing the owner Of the bullion to
receive in standard dollars only the
value OF the bullion when presented for
coinage. The silver men say that thu
recognition OF silver Will increase its
value. while those VINO are not disposed
90 be friendly TO silver say that under
such an arrangement as this very little
bullion will be coined. as the governments
will pay no more for it than the owner
OF it can get In open market
Within the past day or two the republic
cans have evaded a declaration OF theiu
nolicy by saying that the democrats
have not presented any definite plan
Consequently when the Senate finance
committee meets tomorrow morning
two democratic senator's. at least two
and possibly three, will have measures
ready for consideration. Mr. Vest of Mis-
souri, has a silver bill Mr.. Mcpherson %
New Jersey has a bill authorizing the
issue OF bonds, and Mr. Jones OF Ne
braska win frame a bill on the lines
hitherto described In this correspondence.
The meeting OF the committee. while it
will be full OF interest. will undoubtedly be
secondary In Importance to another de-
vclopment which Is promised. For tha
first time since the memorable speech dur
ing the close OF the tariff debate Mr..
German win address the Senate. This,
Ia Itself, Is indicative OF the gravity with
which the democratic leaders regard the
situation. As Mr.. German never talks
unless he has something to say, and as he
promises TO handle the question without
gloves, his speech is sure to be interest
Ing. Mr.. German believes that the funda-
mental trouble is the lack of revenue for
the treasury. and he win show that this
condition is due not 80 much to legisla-
ton as 10 the general shrlnkaRe OF val
ueh All over tne WOfld. lie VIII OHor as n
remedy an issue OF long term, low interest
bonds by which the government can raise
money 70 meet It's current expenses. He
VIII tell his colleagues that having re-
duced the tariff, they must meet the situa-
ton either with an issue Of bonds or by
increased taxation, and so far as the
latter alternative Is concerned II will
be very difficult to tlnd Just where to place
the Increase. Although an eastern man
and opposed TO free coinage. Mr.. Cor
man is not adverse to some recognition
Of silver II a bone issue can be gained by
a compromise.
There is absolutely no chance OF radi.
cal bill, like that introduced to-day by
Mr.. Vest, passing the Senate. Indeed.
IL Is doubtful II anything Is accomplished.
but the depocratic senators are not with
out hope, especially IL the pressure upon
tho republicans Is sufficient to make them
regard the interest OF the country as
paramount to any mere partial advantages
which they may secure by preventing
action.