The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-08-01
GOLD BASIS SURE
Congress to Act Early on the
Financial Plan.
Money Standard to Be Fixed by
Law.
is NOW IN READINESS.
Senate Willing to Approve the
Measure.
Silver to Be ExchangeabIe For
Yellow Metal.
s NOW IN READINESS.

Washington. Aug. lit is said by those
| in the confidence of the administration
| that the president has not been moved
! by the protests of certain western Repub-
hcan senators against the formal adoption
of the gold standard by the Republican
party and that an unmistakable declEra-
! tion for it certainly will be put through
after congress meets.
Those closest to President Mckinley,
both as political and financial advisers,
declare that he believes that the time is
ripe for the definite declaration for the
gold standard. 1t is Just possible that
some language may be embodied in the
currency bill passed next winter which
will afford a handle to the silver Repub-
hcans to claim that bimetallism has not
been kicked out of court by their party,
but anything enacted in this direction will
be declaratory and will not affect affima-
tive legislation.
The affirmative legislation. it is said.
viii not merely declare that the country
is on the gold standard and that public
oplSatlons are reQeeLnaple IN SoId. bul
VIII place powers IN the nandS OF me sec
rotary of the treasury to maintain the
gold standard at all hazards.
The fact has already been made public
that the house caucus committee, which
of bonds to maintain the gold reserve and
that it provided for a separation of the
issue from the fiscal business of the treas
ury- The senate committee is likely to go
further than the house committee rather
Comptroller Dawes, whose political judg-
ment is highly trusted by President Nc
United States interchangeable, so that the
holder of a silver dollar may exchange it
for gold or the holder of gold dollar
may exchange it for silver at his option.
Such a provision of law at once lifts sill
Yer 10 unQueSLOned party with Sol't ana
wipes out all discrimination in the status
between gold and silver. Such a provision
makes it Indifferent whether the holder
Of public obligation is paid in gold or
silver, since he can exchange the one met
al for the other if ne does not obtain at
first the one which he prefers.
This declaration for the gold standard,
har
against all assaults is likely to be put
Ffenders0n who was himself the chairman
of the house caucus committee, will prob
ably arrange a programme for putting
bill through the house in advance Of all
The matter of further changes in the
currency laws seems likely to await the
the senate committee will take some steps.
to give elasticity to the currency in the
cr9p-moving season The fact that this
Will have to be done IN the near future
is generally admitted by Republicans who
have studied the monetary problem The
TO the pressure for currency this autumn
to strengthen their position and convince
the country that new legislation must
If the leaders fear to project such an
issue into the campaign of next year.
however, the advocates of currency reViS-
ion believe that the logic of events will
force them to take up the problem at the
short session of the present congress, al
ter the election or in the next congress.
The organization headed by Hugh II.
Hanna, which has done much to inf1u-
ence public opinion for the gold standard
and a sound currency system, will be
standard bill, through the. elections of
next wear and until the whole currency
system is unified and adapted to the needs
When these provisions are adopted. as
they will be by the Republican congress
elect. the currency question will be taken
out of politics