The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-12-15
CONGRESS AND THE CASH
SOME SORT OF FINANCIAL LEGIs-
TON on THE TAPIS.

A Draft of Bills to be Reported to the
Republican Senatorial Caucus To-
night-An Effort to be Made to Have
Harrison Withhold His Contemplated
Silver Message.
WASHINGTON, Dec. 14-The republican
senator's are indignant at the President and
Secretary Window for embarrassing the
party in the attempt to grapple with the
difficulties Of the financial situation" To
quote the exact words of a leader, "The
Presidents mistake" they say. '.'is in threat
ening congress with another silver mes sage
after threatening individuals, senators and
representatives as they called at the white
)use with veto if they passd free
coinage bill" 'He had better let us alone,n
said one republican senator, "if he does not
want free coinage bill passed"
Tomorrow morning, when the members
of the republican caucus financial commit
tee call on the President, they will probably
intimate to him quite plainly that he would
do well to put his proposed message in the
fire. Secretary WINDOWS blunder lies
they say, in going to New York to consult
the bankers at this time. when Wall street
TO the western men is like red rag to a
bull.
WALL STREET A WET BLANKET
"Wall street has only to 'be connected by
name with a measure to defeat it." said one
Sc aator, ''and rightly or wrongly, whatever
proposition we adopf, if we agree upon any,
will be labeled Wall street by the extrem-
lists, just because Secretary Window went
consulted Secretary Window about
the measure we are framing, and shall not,
for we will report to the
caucus tonight before Secretary Window
gets back from New York. In fact. we
have conferred with no one connected with
the administration. and shall not, except for
the interview with the President tomorrow
morning. If the administration had only
kept its fingers OUT of the pie, we would
have been very much mora likely to
succeed. If it had not meddled last
session we would have settled this financial
question then; as it is, we have to contend
with the Presidents unpopularity in con-
gress and with Wall streets unpopularity
all over the country. but especially at the
west. Nevertheless we are going ahead,
and we think that by tomorrow night we
will have a feasible scheme to report to the
committee"
DRAFT OF A BILL.
The compromise draft of financial bill
which the committee is expected to report
to the republican caucus tomorrow night
is not yet quite complete, but its contents,
according TO some Of its makers, will be as
follows:
l. A provision for the purchase of the surplus
silver estimated at ID 100000 ounces.
< provision for the coming OF additional
silver dollars equal to the national bank circula-
ton to be surrendered.
. provision for the recoinage OF 1926, 100000
subsidiary silver coin into silver dollars
The committee has not as yet, and prob
ably will not, incorporate the provisions for
the relief of national banks, because, while
1t believes that they would relieve the stu
alton as we'll, they are afraid of the farm
erS alliance, which has so recently
demanded the abolition of the national
banks. The astonishing provision In the So
called Sherman bill for the issuance of
S5O,0O0,0J0 fiat greenbacks to take the place
OF retiring national bank notes will not be
in the bill.
The other members of the committee ex-
press great surprise at Senator Sherman's
action IN pressing fiat money proposition
susceptible of indefinite expansion, after all
lis years OF opposition to this vagary.
FREE COINAGE OF SILVER.
r The extreme silver republicans in the
senate still hold out for free coinage If
tney agree to the proposed compromise in
caucus tomorrow night, the force bill will
PROBABLY be laid aside temporarily on
tuesday to make way for the financial
measure. If not, the free silver epublicans
VIII probably lay the force bill aside to take
up Tree coinage bill, expecting to carry it
With the help of the dauOcrets