Los Angeles herald., 1890-04-15
COMING TOGETHER.
MORE CAUCUSING ON THE SILVER
QUESTION.
Special Committees Arrive at Conclu-
sions-A Joint Caucus to be Held.

WASHINGTON, April 14.-The members
of the House caucus silver committee
had two hours session this morning.
There was general disposition to reach
some kind of an agreement, and a spirit
of concession characterized the entire
proceedings. AS the result, when re-
cess was taken, the indications were
that the members had at last found
common ground, and that they will
be ready very shortly to agree
upon formal proposition acceptable
to themselves, at least, although further
notifications may have to be made to
meet the views of the Republican Sena-
tors. The basis of the agreement will
be the Window bill as it emerged from
the House committee on coinage, with
the addition of few provisions intended
to meet the views of the silver men. 1t
will probably provide for the unlimited
purchases of bullion produced in the
United States in the market, at a price
not to exceed dollar for 371I grains,
and when that price is reached, there
shall be no coinage. The treasury notes
issued in payment for silver shall be re-
deemable in bullion or coin. At present
this proposition has not been formally
adopted, and the committee will have
another meeting this afternoon.
A meeting of the Republican Sen
atorial silver committee was held this
morning and at noon a recess was taken.
The discussion at times was animated,
but spirit of compromise was shown.
The members were pledged to secrecy as
to the details of the meeting, but the
opinion is expressed that definite con-
clusion will be reached this afternoon.
1t was intended that the House and Sen
ate committees should meet in joint
session tonight, but this was found to be
impracticable, owing to Senatorial en-
gagements; and the Republican House
caucus, which was to be held tonight,
has been postponed indefinitely as a
consequence.
The afternoon session of the House
committee lasted over two hours. Secre-
tary Window was present part of the
time, but contented himself with the re-
iteration of his views on the subject.
He would not abate his opposition to the
plan to make treasury notes issued in
the purchase of silver, redeemable in
anything but silver bullion, but having
thoroughly discussed this matter the
committee decided to incorporate in the
bill provision allowing their redemp-
ton in bullion or coin at the option of
the purchaser. So the committee finally
reached the agreement above outlined,
and will meet the Senate committee to-
morrow morning in joint conference.
The Senate committee this afternoon
reached conclusion. Three PROPOSE
tions were agreed to:
1st-That the Secretary of the Treas
ury shall buy 100000 ounces of silver
bullion monthly and issue notes in pay
ment for the same, the notes to be re-
deemable in bullion or lawful money
2nd-That the national banks be al
lowed to issue notes to the full par
value Of the bonds deposited to secure
their redemption, which would add ten
per cent to the volume of the national
bank currency.
3d-That $iOO, 100000 be retained in
the treasury for the redemption of treas
ury notes to be put into circulation.
The Senate committee will meet the
House committee tomorrow.