The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-11-06
THE SILVER MEMS VICTORY.
wuEycE THE OVERWHELMING rOTE IN
FiJOR or BLaND'S BILL.

-
The rriend. and Opponents ~ the Measure
v.usiiy Astonishea-The Resuit In the
senate Doubtful Sherman to Throw the
weight ~ the Administratioa Against II.
W,suixaroN, Nov. 5-The overwhelming
,o,e upon the passage Of the Silver bill to-day
baa astonished the supporters and opponents
n the measure about equally. II troubles the
Idministration no less. The real sentiment Of
tbe House is unquostionably less extreme than
The vote indicates. pair is q very good thing
IN ia way. but pair Of man against man on
two.thirds vote is no pair at all. as the oppo-
nents of the reckless reconciliation OF silver
will sec when they come back and ind this bill
passcd Among the ninety five men absent
lnoarly a third of the Housed those who were
not paircd are nearly all from Eastern States
and opposed to the bill. Looking down upon
Tho House during the progress Of tho vote 1t
c,uld plninly be seen that other causes were at
work I'm nearly every delegation which APP
pro.'hcd unanmity on the silver question
strong of rt was made by the men who favored
tho passage Of the bill to make tho delegation
solid and in any Western State whore one
marty element was solid for the reconciliation
Of silver. il required good deal OF backbone
10 resist the importunitics Of friends who
asked solid vote " their party friends for
popular side So it happened that in California
the only opponent ofsii,er is the only graduate
Of nn Eastern college in the delegation. In
Michigan like vote was east by regent Of the
State University. and in Missouri the President
of the II Louis Board uf Trade cast the only
vote from that state This was less the case in
the East but even there il was for the most part
men Ike Hewitt Chlttcndcn. and Claflin who
tnaie up tho spare minority. Just on"-third Of
which came from Maine. New Hampshire. Yer
mont and Rhode Island. the only States which
have no votes for the reconciliation of silvcr.
The bill now goes 10 the Senate. whose action
isa source of speculation to three sets OF men
The Adn..n.strat 1n. the men in the House like
J d. Cox and Foster. who felt compelled 10 vote
for any Silver bill. hut dislike to see the metal
coined without restriction and legal tender
without limit and the decided friends Of tue
bill careful canvass Of the names upon the
Committee on Finance in the Senate by dis
unguishcd Democratic Senator shows n major
ity oi.he Committee opposed TO any such bill ms
passed the House to-day. Morrill,. Dawes
Thurman aud Bayard arc unquestionably OPP
posed io L. and Wallace is pretty sure TO be nf
Ter the Pcnusy yivania election. In the Senate
the result is more doubtful. and Senator Jones
claims ma! rity with great confidence. Tho
opponents Of the silver bill admit that the
sweeping majority in the lower chamber will
have great weight. Some typical hard money
Senators like Thurman are committed to lis
support. but 1t appears to be tho opinion Of
senators u experience and conviction that the
bill will br 40 amended as To deprive II Of some Of
IT, Objectionable features. the friends Of a sim
gle standard find themselves unable TO defeat the
bill, shey will aim TO limit the legal tender
power Oi the dollar to some small limit nfty
1.lI.
possibly Withdrawing the greenhacks and ma
tpnal bank notes up to ilveS which would cOn-
Thrt about iMy millions OF the paper currency.
Insist upon coinage being in favor OF the Cow
ernment instead Of in favor Of the bullion
holder. 50 that the people and not the bonanza
owner would get the benefit of the change. The
hat amendment would. II Is believed. prove
popular. and the fact that the entire machinery
for the purchase OF bullion its coinage ana
Miuhl circulation would then be- in the hands
men OPPOSED 20 ne remonetization. as
heved. have n material eject on the rapidity
with which the new dollar would bc distributed.
The bill as passed to-day would make Gus
toms dues payable in silver and NO way would
exist to obtain gold to meet the interest on the
debit except by selling silver obtained from
dues at Il discount and buying gold. There is
excellent reason to believe that this fact alone
vii lead the Administration TO oppose the bill
y It's present shape. Hayes is very cloudy on
u silver question, and IL constantly contra
ditng himself on the subject. but he is not
ready 20 turn the debt into silver debt. princi-
pal aud interest. As the vote to-day was very
largely Democratic. II way lies open for John
sherman to treat the result of the Republican
platform ia ohio as a Democratic measure in
Congr' A. and oppose IL accordingly That
Sherman does intend TO throw the whole weight
OF the Administration against the bill a. passed
1-lhy VIII appear PLAINLY, ,rnuugh IRON hls Ut
t'ran'"S this evening. when asked what he
thought oi the House bin passed today he said;
WHY II IL the worst law that was ever
thought of ana can only be attended with ridi-
clle and failure" He said it WAS utterly ridlcu-
ipua t. ttink that II W nj bring any good 10
ths 20 ip'o 9 hat it would 4 ply be ! ransfer Of
Ile hrw y coined dollar from the mint to the
Custom House. for the reason that the bill pro-
vni,s tna, any person having nInety-three
cents worth Of bullion can go to "a
ph,ie states mint and take out dollar. which
Wien. tl Hr"forn. thi new dollar l. received for
Customs duties. II Will bc the ntel est Of tn" G
D7'uu-i every tine II IL received lor duties
" reduces dues seven cents on the
dollar, H. said that in his opinion the hin is
a~ishHd simply Tor the interest OF the bullion
broker. who can redeem his ninety-three cents
S1rih el bullion f'r a legal tender dol
lar He docs not think thnt II the
hl should herone a law i would last
hr"o months as there will arise such
'iw.r for its repeal ~ never was heard be-
lf'' u cannot hr Of any advantage to the pcO-
p'. nn ">- Il reached very large amounts and
va "l upon me market A. a circulating
nrdlhh Su 'h "a result ho regards entirely
impf lh,.Ho. nui. IT it should occur, it would
hdyp M" tendency - raising the value Of
( ~, wii IA would all be exported and would
i" Er'rnnaehs pl"pOrl"haicIy. lie
sMd u II was really necessary to
laNs .Urh q bhl. it ought so have
h lr mod differently, so us 10 mike the
hp''fnmont the gamer or at least secure 1t
against luy loss. whereas the whole expense Of
c,.nA-, H'., is now proposed to be- thrown up
on lleh IS .inmen' and a further loss of seven
IaS 'i dollar h'siins. lie thinks that the
g'I nt-i -lnry 10 have provided tha the new
liiaf- -hui b" carried hv the Government the
s'me u- all other dollars are and If any
ph'W Ii t. rrsut at all from the
iu.i'ii' The Government should at least
n' D." made the loser. He said that
hud taken thrrr years already to issue
tt'r M lions II trade dollars ard at that rate.
h. hcd. how long would II take to issue tho
i.w l"'lr-f Upon the whole he regarded tho
Sl'' 't- d most absurd one, and said II ought not
!, pi-- ih' SENATE" When asked whether hc
"al "ih Information ms 10 how the Senate stood
IN lu' question. he sand he had not. and did not
M'nh nlyb1ly had