Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1890-12-25
The senate's silver Bin.


The Republicans OF the Senate are
attempting to get together now on the
Sherman silver bill, and appear to have
nearly decided to let the Force bill slide.
Ihe indications are that majority OF
them are ready to welcome almost any
thing as diversion from this latter
measure, which has become to them as
troublesome as the bear which the
hunter had by the tail, undecided
whether to hold on or let go. Some
because, while they oppose the Johnny
davenport product, either from principle
or policy, they are unwilling to antagon-
fEea scheme to which their party and ad-
ministratlon stand pledged; Others, be-
cause while friendly to any means which
they imagine could be manipulated to
the advantage OF their party, they fear to
try the temper OF their thinking voters
any further at this time. Last night
they held their third order OF business
caucus-the Republicans of the Fifty
nrst Congress are great on government
by caucus-and decided to take up
financial legislation, during the pro-
cess OF getting which into more
finished shape 1.-THE debate on the
Election bill is expected to continue"
AS a basis for this legislation, the Sher-
man bill, with the two per cent bond
paragraph eliminated, has been ac-
cepted tentatively; not as generally
satisfactory, but "as the best possible
compromise" OF course this measure
will have to run the gauntlet of weeks
OF forensic chiseling and hammering
before the Senate gets through with it,
and no living man can predict what
KIND OF Dill 1t Will be in the end,
or whether it will be possible for
both houses to agree upon any
nnancial Legislation that President Har-
rison will approve; but the measure as it
now stands Will contain provisions for
the purchase OF 12,OOO,0OO ounces of
silver bullion, IN addition to the require
ment OF the existing law, annually; the
reduction of the compulsory require
mentof bond deposits by national banks;
the extension Of the circulation of ma
tional banks to the full amount of their
bond deposits; the replacement of
the deficiency in national bank
circulation below $lSO,OO0,000 by
treasury notes based on silver bullion
purchases; the provision for free coin
age when silver is maintained at par (by
the way, what is the par Of silver bull
honD for one year, and provisions for
charge on the conversion OF gold coin
into bars and for the recoinage of such
subsidiary silver coins as have been de-
teriorated by mutilation, abrasion or
otherwise or have ceased to pass cur
rent for any reason. The Sherman bill
thus clipped, was recommitted to the
caucus committee with instructions to
perfect 1t in form" and hand it over
TO the finance committee, which latter
committee will be entrusted with the
duty OF reporting the same to the Senate,
and in the meantime the committee on
rules is to be engaged in getting up
some kind OF gag law, which however
is not to be offered until after the tinan-
cial bill has been brought before the
Senate. All in all, it will be seen that
work enough has been cut out to shelve
the Force bill, which is at least so much
clear gain.
Fortunately for the interests Of the
country there are already indications
that the contemplated financial Iepisla.
tion will NOT op1v cire tbo Ran,,i,1iao,,,
-. 81. =, no
80 .laii my caI ialiuie' Vlus Forcing
the retirement OF the Davenport scheme
to "do our own registering, counting
AND oartifioo+;o,, - H.. ,,,;i,
$50 10 ~ VII u.s. AROUSE q
degree OF dlssenslon in their own ranks
that NAV prevent them from doing
for,hor Io.r,, - a. I....,. 49,.
90 'iiSi A"i ~ W WIG BUSINESS inter
ests of the nation. AS straw
in this quarter we note nm earn
-. ~ oaii
esI remonstrance III the editorial col
umns of Thursdays New York T'rtJune
against the un,visdop,- f,f az, f,,r+bau
y, - "nS w
silver legislation. The 1rlbune points
out that, as every Obseryant Dersnn
knows tba mora s,,ici,n+ion &c ..I,
~ tiiot q P"tipli Y Such
legislation has already caused the with
drawal of a large amount of gold from
oirn,,1a,;o,, a,,i ~. -.
SiGula'lop, anu tilat there are men now
declining to enter into future transact
lions excent unon eynress contract. n
.....,
Pay principal anu lhlerest III sold or It's
equivalent and under circumstances
which assure them that theso contracts