The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-09-05
FACTS ABOUT SILVER
ING IMPORTANT DATA.
when the Financial Question Is
Discussed in Congress.
EVILS OF, CHEAP CURRENCY
SHOWN BY THE SITUATION IN SILL
VER-sTANDARD COUNTRIES.
Some Preparing to Adopt Gold Basis
-McCuIiOugh Not to BE Reinstated
in Anderson POstOfice.
Special to the indianapolis Journal.

Special to the indianapolis Journal
WASHINGTON, Sept. 4.--Sta tisticians of
the Treasury and State Departments are
collecting data for the use of the admins
tration and Congress next winter as to our
trade relations with gold and silv'er-stand-
ard countries. The object of this inquiry
is to show wherein the interests of the
United States lie and to establish the fact
so that the public can understand it, and
that any backward steps looking towards
bimetallism. as it is understood by the free
coinage element, would he disastrous to us
In our commerce with the outside world.
1t is expected that statistics will show that
between 90 and 50 per cent. of our transact
tions with other countries are settled. upon
a gold basis, and the history of the last
year or two proves that the tendency
among silver-standard nations is to estab-
hsh gold basis and get in line with the
most advanced countries in these regards.
1t will also be shown that since the price
of silver has declined to low point the
trade relations of the silver countries with
great commercial nations have been Sc
riously disturbed and that in many cases
imports have been reduced in remarkable
degree. AS the price of exchange goes up
the cost Of imported articles advances to
At the same time the local merchants mark
UP the prices of domestic goods and every
thing rises more or less except wages. With
exchange from 200 to $50. as is the case now
with silver-standard countries. intercourse
with the outside world is troublesome and
as silver continues to decline the embarrass-
ment will become more pronounced. These
facts the lessons they teach and the de-
auctions to be drawn therefrom. are being
put into available shape for use during the
important debate which will take place
next winter when proposed changes in our
monetary system and in our financial laws
come before Congress and the country for
consideration. The Republicans will be
fully equipped with all the ammunition that
may be necessary. Time is being taken by
the forelock and the many agencies at the
command of the government are being en-
ployed in the collection of facts and figures
from every quarter where information may
be asked. =
Chairman Dingley, of the ways and
means committee, as noted in to-days dis
patches, is the latest of the tariff con-
ferees to come to the front with state
ment about Section % of the new law Like
Senators Allison and Burrows he says he
did not know that the thing was loaded
and that in his behalf the changes made
in the section were not intended to apply
to Canadian Pacific business. The New
England contingent in Congress is prac-
tically unit in expressing a belief that
the section as amended should not be held
to mean what it says and that the Canadian
road, with its. New England connections,
should be permitted to continue to cut un-
der it's competitors on this side of the
Canadian line without interruption or in
reference. 1t is noticed that Senator
Eikins is not rushing in to print explain
iAg that he did not know what the new
language introduced into the section meant.
Senator Elkins was not a member of the
conference, committee, but it is now pretty
generally understood that he Is responsible
for the change and that he knew very well
what he was. about when the trick was
turned" $50
The postoffce inspector who visited An
derson. Ind. on investigation tour has
reported against the reinstatement of
Stamp Clerk Mccullough. 1t seems that
Mccullough resigned his position as stamp
clerk in the expectation of an appointment
in another place. which failing to get. he
asked for reinstatement to his old place,
with the result mentioned.
Brophy, the Terre Haute postoffice clerk
who was removed for lighting, is slated for
reinstatement the inspector who went out
there to look into the case reporting that
the charges against him were unfounded.
Brophy's peaceable standing has been es-
tablished. He wouldn't fight his grand
father. +s~
Judge Penfield. solicitor of the State De-
partment. who has been suffering with ma
laria with typhoid symptoms for a week or
ten days has gone to Ocean City for
breath of salt air. He was feeling some
what better when he left, though he is
still sick man.