New-York tribune., 1890-04-30
TO SUSPEND EFFORTS ON A SILVER BILL.
LIcAN SENATORIAL CAUCUS STILL
PRONOUNCED.

PRONOU UNCED.
Washington, April 20 (specaD.-The committee ap-
pointed By the Republican Senate caucus To frame a
compromise Silver bill on the general basis Of the
measure adopted by the Joint Republican conference
Of last week has practically abandoned its efforts TO
reach conclusion which will be satisfactory TO all
interests. No meeting held to-day. and none
may be held for several days TO unless the
situation changes decidedly Meantime, the tariff
legislation Of the session may be taken up and the
silver question be pushed in the background for a
month or six weeks longer In fact unless the small
minority Of Re publican Senators now standing out
against the Joint caucus bill shows disposition TO
yield point two. there is little chance apparently
Of united party action in both House and senate on
the silver question.
1t will be remembered that the House Committee
on Coinage originally adopted modified form Of the
Window bill while the Senate Committee on Finance
reported AN entirely different measure known as the
Jones bill. A Joint Republican caucus was calico
to.draw I'D a compromise between the two bills; and
after several sessions it was decided, Win one us
sentng vote that OF Senator Teller, 10 recommend
10 both houses the bill which was published In last
Thr~sdav,s issue Of The Tribune. The House caucus
adopted that bill and il is now ready 10 be taken up
and passed at that end of the Capitol Inc senate
caucus held a meeting last saturday ana MI icn'i
and others made a protest against the part oi .ne
compromise measure which is contained in the pfo'iso
10 tic S"COnu bcCtlOl. lHV oO'e4'" N
follows
section ?. That the Treasury notes issnen in az az
with the provisions Of TINS act 9ha ce al
ocemablc IN lawful money OF the hl.e. a., nc ot
the Treasury OF the United States, or al me oh'e
any Assistant Treasurer OF the United states, aiu
when 80 redeemed may be rel-sued Dul ~ go ~,
or less amount such notes shall he OUT sIthune "a
sny time than the cost Of the silver bullOh Gch mn
In the Treasury purchased by such notes ana u SUI. -
Treasury notes shall be receivable Tor CUSTOMS IT,
and All public dues and when so received may bc re
issued. and such notes. when held BY any Natoid
banking association, may be couhicd as part VI ~.
lawful reserve. provided that. upon the demand oi
the holder OF any OF Treasury notes herein pro
vided for the secretary Of the Treasury may In MS
discretion. and under such regulations as ne ma,
prescribe exchange for such notes an amount OF
silver bullion which equal In value. AT tic
market price thereof the day OF exchange, 10 tho
amount Of such notes.
The extreme Z" silver men, II is understood, were
bent upon discarding the idea OF making the notes
redeemabe at all In silver bullion. and especially
upon denying to the Secretary Of the Treasury any
option 10 the manner Of their redemption All the
Joint cOnferees except Senator Teller stood out Tor tie
compromise bill, and, agreement seeming llkey,
the whole question recOmmlttcd 10 lhc Schale
members OF the Joint At yesterday meeting
the differences Of opinion found 10 be as pro
nOunced ever and IL was thought best 10 let the
subject drop for little while. especially as most of
the members Of the committee will bc occupied for the
present on the floor Of the Senate with the Admnsra
tive Customs bill
Mr. Teller is understood 10 have nine other Senators
behind him In his fight against the JOINT caucus Dill
His colleague Mr.. Wolcott, is one The Others are
senators Jones and stewart, Of Nevada ingalls, ana
Plumb. OF Kansas Mitchell. OF Oregon. Power and
Sanders, OF Montana; and Evarts, Of New York.