The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-06-05
STILL TALKING SILVER.
THE REPUBLICANS SPLIT UP ON
THE QUESTION.

A Caucus Held Immediately After the
Adjournment OF the House-Payson
Announces That He Won't Vote for
the Measure as it Stands Under
Any Circumstances.
WASHINGTON, June 4-The republican
representatives went into caucus immedi-
ately upon the adjournment of the House
this afternoon TO consider the silver ques-
tion. 1t had been announced In advance
by the leaders that the real purpose was
conference rather than a formal caucus
Chairman Conger of the committee
opened the proceedings by setting forth
urgent reasons for passing a bill that
should relieve the country from the present
contraction Of the currency. He desired
above all things that any silver bill that
should become a law should be distinct
lively republican measure, and he trusted
that the party alignment would be pre-
served. He understood that considerable
number of democrats stood ready to vote
for the free coinage bill. and 10 the event
that a sufficient number OF republicans were
led oR to carry such a proposition, 1t would
be claimed as a democratic measure, O
thing he deprecated.
PAYsoN ATTACKS THE BILL.
Mr.. Payson followed with savage at
tack upon the caucus bill, which, he said,
was delusion and snare. It failed to
meet the wishes of the western people, and
he could not support IL under any circum-
stances unless 1t remonetized silver.
AT this point 1t was suggested that there
was no definite proposition before the eau
Gus. So Mr.. Buchanan Of New Jersey sub
mitted a motion that the caucus bill as it
stood should be Reinforced. Much talk
followed and developed q diversity Of
views.
WALKER WANTS PARITY.
Mr.. Walker Of Massachusetts, submitted
q proposition which, In effect, proposed the
reference Of the bill back to the former cau-
Gus committee with instruction to report a
bill which will place gold and silver on
parity by allowing the issue of certificates
to an unlimited extent on deposits of either
metal at its market value The silver men
Immediately made the objection that there
could be no parity as long as the privilege
OF free coinage accorded to gold was denied
to silver.
DORSEY DRAFTS BILL.
Mr.. Dorsey Of Nebraska submitted as a
substitute for the caucus bill draft OF
bill which he proposes to introduce in the
House. Ii provides that any holder of
American silver may deposit it in the treas
ury and receive full legal tender certificates
on the best market price of silver; that
sufficient bullion shall be coined to meet the
needs Of redemption. and that the national
bank note redemption fund shall be COW
cred into the treasury.
Mr.. Perkins of Kansas attacked the mono
metalists in a vigorous speech, and noted
his objections to the bullion feature Of the
caucus bill.
M'KINLEY OFFERS A PROPOSITION.
Finally Mr.. Mckinley came to the front
with compromise proposition, as follows:
RESOLVED, That IL Is the sense of this caucus
that the Conger bill, as modified by the special
committee, should pass the House with the toll
/. That the amount of silver bullion to be
purchased monthly shall be $4500, 900 worth.
g That the bullion redemption feature Of the
bill shall be stricken out.
8. That treasury notes shall be legal tender
for private as well as public debts.
4. That said notes shall be redeemable In
coin.
5. That funds held for the redemption Of
national bank notes shall be covered into the
treasury.
9. Free coinage when the ratio of silver is Is
to1.
The second proposition was voted down.
The other five were adopted.
AN ATTACK.
IL omits the bullion redemption provision
of the caucus bill, and was therefore imme-
diately assailed by several members on that
account. The speaker himself led the
attack, and after making speech In favor
OF including the bullion redemption feature
a vote was taken, resulting in its insertion
In the Mckinley substitute. The substitute
as amended was then adopted. An effort
was made to secure the passage Of resolu-
tion binding the republican members to
support in the House this last caucus
measure.
Mr.. Payson submitted proposition con-
templating recognition OF the right of the
republican members to offer amendments to
the bill when 1t comes before the House.
This was negatived, and when the caucus
adjourned there was a good deal of confu-
sion in the minds of the members as to
whether or not they were bound to support
the caucus proposition.
The committee on rules will decide when
the bill shall be brought into the House.
80. .x-.z. <.x.