Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1901-02-07

Mr.. Gear offer the statutes to elucidate
his proposition. This evening another
meeting will be held and Gear end
Wilcox will be called upon to make
statements. at the afternoon session
Gear and Wilcox were present. Chair
man Tayler questioned the latter as TO
the writing of the letters, IN which ne
offers to serve Aguinaldo 10 the war
against the Americans. II will not
answer till properly notified" he SAID,
in his broken English. "Not while
outsiders are present." he added We
hemently, pointing at Gear. Later ne
said he would have bis written answer
before the committee at 10 O'Clock to-
morrow. The committee adjourned to
that time.
Chairman Southland, of the House
committee on coinsge, weights ana
measures today received letter from
WI. Bryan 10 response to telegraphic
invitation to appear before the COM
mittee and give his views on the fnan'
cisl bills under consideration. ln his
reply Mr.. Bryan in discussing the Hill
bill. the purpose OF which Is to main.
tain the parity between gold and oil.
yer. SAYS: "The bill has o double pur'
pose. First, to convert standard sill.
yer dollars into subsidiary coins; and
second. to make silver dollars redeem.
able in gold on demand. There is no
necessity for redemption. AS soon ss
the silver dollar is made redeemable in
gold another endless chain will be
created, and the arguments used
against the greenbacks and Treasury
notes will then be turned against silver.
Before the attempt to burden the gold
reserve with this new obligation is con-
summated 1t may be worth while to con-
slider the opinion expressed by Secre-
tary Carlisle Ia 1895. Mr.. Carlisle
thought it mistake to commence pay
ing in gold, but,considered it dangerous
to interfere with the custom after 1t
was once established. By the sane
| logic 1t can be argued that we should
not establish the custom Of redeeIn.sg
the silver dollars in gold. The meas
ore recommended by the committee
gives to the fnanciers absolute control
over the national debt. They can in
crease 1t at any time by presenting sil.
YER dollars for redemption and
compelling an issue OF bonds to
replenish the gold reserve. They
can in the same way contract
the volume of money 10 circulation,
since money turned into the treasury
by an issue OF bonds cannot go out
again unless it is used to meet the cur.
rent expenses or loaned out to favored
banks. Second, the conversion OF
standard silver dollars into subsidiary
coin is equivalent to the retirement OF
silver as standard money, and this is
the last act 10 the programme Instituted
some 81 years ago and persistently pur'
sued ever since. After this plan is
com pleted gold will be the only legal
tender money, and bank paper to only
| coin money. The proposed measure
| by decreasing the money OF ultimate
redemption and increasing the volume
of promises to pay money, still further
eniarges the proportion between money
and its substitutes. II, ct any time,
foreign complications or pauics compel
a considerable importation OF gold, the
proportion between gold and its sutsti-
tutes will be still further increased or
an immense reduction will be necessary
| in the volume of business"
Jessie NJ. Sarvis, for 20 years the
Washington correspondent OF the New
York Daily News died here Of pneu-
monia today. His home was In Perry
county, Penn.
The House committee on coinage
this morning agreed to report a bill
authorizing the director OF the mint to
stamp such silver bullion as the Wash
inpton Monument Association of Alex
andria may send there, provided that
both the bullion for the medals or
tokens aud the cost of the stamping
them be paid for by ths association.
10 the Senate late yesterday evening,
at the instance of Senator Morgan, u
resolution changing the name of Four.
| Half street, in this city, the
street that runs up to the City Hall or
| courthouse, to Marshall street. was
| adopted.
Senator Daniel was informed at the
War Department yesterday that the
officers of the new or regular army
would be selected from the soldiers,
first from those OF the Philippine, and
then from those Of the Spanish war,
and that then If there should be any
need for more, which is not probable, q
| few civilians may nave chance.
Congressman Clayton Of New York,
one OF the two democrats in the House
who voted with the republicans on the
army bill, and then applied for COM
mission as paymaster, will not get 1t,
as the place has been filed by another
man.
1t Is currently reported at the Capt..
tol today that some OF the Virginia
members of the House will not only
vote against, but fight against, the pro,
posed appropriation for continuing the
fast Southern mail that Is carried by
the Southern Railway, which runs
through the entire length of their Own
State.
Ga Saturday next Representative
Lamb OF Virginia will deliver one Of
the eulogies upon his late colleague, K.
A. Wise.
The people of Alexandria county
will not be allowed TO ride over the
Aqueduct Bridge on an electric railroad.
yet awhile at least, as Engineer Allen
says that bridge will not be safe If cars
run over it.
The prevalent opinion at the Capt.
toll today on the su ojeot, is that the Pres
ident at last realizes that In Cuba he
he's an elephant on his hands, and that,
as he cant manage it, II Congress shall
not assume the responsibility of doing
so at the present session, he will call an