Show COINAGE FOB PHILIPPINES I Cabinet Discusses a Very Important I Matter for Archipelago Washington Doc 7Tlc Cabinet meeting loday was largely devoted to a discussion of the question of coin nfl for the Philippine Islands and asa as-a result it Is probable that the Secretary tary of War will request a hearing on the subject before one oC lhu commit tee pf Coligress Nearly all of the business of the Islands Is transacted in Mexican dollars and army commissaries commis-saries nnd others supplied with United I Stales money are at times greatly cm J barraiscd in making purchases from I the Filipinos by the fact that knowing nothing tU money or Its value the latter often refuse to accept IU The proposition which seems to have met with favOr by the administration Is to purchase silver bullion at the present market value and coin It Into dlsUnctivoldollars having a gold value of about S cents each These dollars I will probably contain a little less slier sli-er than the present standard dollars The scheme has not yet been worked i outjn all of tts details buLjisthtira Ja atfpresent n GoYflrmftent coinage mint at Manila It Is hoped that by the early I action of Congress tho new coins may be put In circulation before 0 great while possibly before the winter la over The Cabinet also discussed the House bill revising Lh ll war revenue act which proposes a cut of about 10000 000 In tim revenues There Is no difference differ-ence ot opinion among the members of the administration on this subject all thinking that tho cut Is too deep and agreeing that I would be unwise In the extreme to make the cut greater I than 30000000 |