Show I t HAT 11tCONIIIESS DO I ExSecretary of the Treasury Foster Gives His Views A PROLONGED STRUGGLE Ho Advocates a Repeat of tho Purchase Pur-chase Clause of the Sherman Law Wants the Gold Reserve Kept at 8100 000000 Silver Certificates to Issue for Purchase of Silver Bullion Liberalize Lib-eralize the Banking Laws NEW YORK July25 The World prints the following letter from exSecretary of the Treasury Foster in reply to a request for his opinion as to what the extra session ses-sion will accomplish You ask what Congress will do As the team is a very wild one composed of all kinds of material ma-terial much of it unbroken and more I t of it badly trained it is quite uncertain I un-certain whether they can be groomed and fed as to enable skilful and really able drivers to successfully avoid the quicksands round the curves and surmount sur-mount the obstacles that abound in the road so a to bring them into the haven desired It is alleged that Bourke Coch rane saidduring tne late campaign that Ithe platforms were made to get in on not to stand on His view of party obligation will g probably be accepted I guess the House iiI will adopt the rules and rulings that prevailed 11 pre-vailed during Czar Heeds speaker rI ship and will in some form after a prolonged pro-longed and exciting struggle repeal the purchasing clause of the Sherman law with some kind of substitute in a chlo rized form to be passed afterwards t which the Senate after another excited struggle will probably agree Alter a session of eight or ten months some kind of a moderate tariff act can be passed without much resemblance resem-blance to the declaration of the platform What ought to be is a repeal of the purchasing pur-chasing clause of the Sherman act to retain and strengthen i necessary the clause requiring the secretary to maintain the parity of gold and silver require the secretary to keep the gold reserve at 100000000 loral lor-al legal tender and also a gold reserve equal to 20 per cent of the treasury notes < issued for the purchase of bullion authorize t au-thorize the issue of silver certificates for the purchase of silver bullion and only I put them in circulation a treasury notes are retired authorize the issue ot a 3 per cent bond as preferable t the bond now at the command of the secretary increase in-crease the revenues so as to enable tbe Secretary to increase his gold to the poi t indicated without a sale of bonds liberalize liber-alize the national banking law by permitting per-mitting the banks to issue notes up to a par of the bonds in amount equal t their capital and surplus and reduce the tax one half 4 As in my opinion the prospective notion of Congress on the tariff is doing moreto impair values aud destroy confidence dence I would have it promptly declared tk r that it would not legislate upon this > i subject |