People's Pilot, Volume 4, Number 31, Rensselaer, Jasper County, 19 January 1895 — FOR SILVVER COINAGE. [ARTICLE]

FOR SILVVER COINAGE.

It Must be Unlimited but the Government Muy Gain Seigniorage by BUYING BULLION AT THE MET PRICE. There Can be no Financial Legialation Without Silver in Conoidered• Alt Ertru Scanlon of the Sete Cong ream Probable. THERE WILL BE NO LABOR BILL. From Our liojrular Correspondent. Washington, Jan. 11.—This has been a fateful week in con* gress. The House gave its czars —the committee on Rules—a black eye, by voting uown the order reported from that committee, fixing a time to vote on the currency bill, by a vote of 129 to 122. There is talk of a new currency bill that will get the support of the silver men by providing for an extended use of silver money, but the general impression is that no financial legislation will be had at this session and that an extra session of the next Congress must be called. There is little regret in or out of Congress over the defeat of the currency bill,which had very few earnest.supporters, even among those who were its professed friends. The trouble was that few believed the bill would afford any real relief either to the Treasury or to the country; and the belief is general that the currency bill would have been defeated by a larger majority than was the order, if it had reached a direct vote. No bill that is not satisfactory to the silver Senators can pass the Senate. In fact, a conference of silver Senators this week decided that no bill should be allowed to reach a vote which does not provide for the unlimitsd coinage of silver. Speaking of this decision Senator Teller said: “We shall not yield an inch so far as unlimited coinage is concerned, Ido not say that we shall have to have free coinage. On the contrary, I think that the government might charge, as is proposed, the dis ference between the market and coined value of the bullion as seigniorage for coining. What we insist upon is that coinage shall not be limited to £50,000,000 or to any other sum.” Senator Jones of Ark., says of the proposition for the unlimited coinage of silver: “There is no reason to fear any disturbance of the financial world if coinage under this plau should be authorized. If the owners of silver bullion get from the government only the same price they get in the market they will not rush to the mints, but the fact that they can do so will give silver a better standing.” Coxey was in Washington this week. He expected to have talked to a Congressional committee about his non-interest bearing bond scheme, but was compelled to be satisfied with talking to a sub-committee of four members of the House Ways and Means Committee and to such individuals as he got a chance at. He also expected to have explained the scheme to President Cleveland, but when he called at the White House private secretary Thurber met him with the old story about arranging a time for an interview’ with the President and sending a note to inform him of the time he should come to the White House. That note was never sent, and Coxey left Washington without seeing the President. He says he will come again, and announced his willingness to run for President. Neither the National Arbitration bill prepared by Labor Commissiofier Wright nor any other bill dealing with the subject will be reported to the House, unless those interested in such a law shall declare in favor of some measure with more unanimity than they have done up to this time. The opinions received from labor leaders by the House committee on Labor are so wide apart that the committee cannot make use of them in preparing a new bill, and the ‘result will' probably be no labor legislation. Just why the House should keep up the farce of pretending to hold evening sessions to consider special matters your correspondent is unable to see. At a special evening session this week at which a very important bill, providing for the codification of the pension laws, was supposed to be the subject under consideration there were just fifteen members, including the Speaker pro tem, present. The District of Qolujnbia Qourt

of Appeals handed down two very 1 important decisions this week. The first, that the indictments against the witnesses who refused to answer questions asked by the Senate committee which investigated the sugar scandal are good and that the witnesses must stand trial for the offense charged in the aforesaid indictments; and the second, that the Secretary of the Treasury was right in refusing to pay out money for bounty on sugar after the repeal of the bounty law. There was, so to speak, a postscript attached to the last decision which was the most important part of it. That was the declaration of two of the three members of the Court that Congress has no Constitutional right to grant sugar or any other sort of bounties to private citizens. This has been a disputed question, and, notwithstanding this decision, it will continue to be until our highest judicial body—the U. S. Supreme Court—has expressed its opinion thereon.