St. Paul daily globe., 1893-01-18
Speaking Their Minds,

and using the very plainest sort of Eng
lish in so doing. They were outvOted,
however. and the discussion will now
be transferred to the floor of the senate.
The bill reported is that introduced
by Mr.. Sherman during the last session
and simply provides that on and after
Jan. l, 1894, so much OF the act of July
1890 as provides for the purchase of
silver bullion to the aggregate of 4,500,-
900 ounces, and the issuance of treasury
notes in payment therefor, shall be re-
peaied. A section of the bill reported
by Mr.. Morrill,, March l, 1892, providing
that national banks shall be entitled to
receive circulating notes to the amount
of the par value of the United States
bonos deposited by them was added to
the bill as reported. Senators Teller
and Voorhees, do not believe the bill
can pass, and Mr.. Voorhees, is credited
with saying that not ten Democratic
senators will vote for 1t.
The anti-Sllver men in the house have
made no active move towards getting
the Andrew-Cate bill up, and it may be
that they will now decide to wait on the
senate. 1t is Mr.. Andrews intention,
however, to ask the committee on rules
for a day for the bill, and free coinage
men expect they will get it. Mr.. Bland.
MI Pierce and others have rejected all
propositions
Looking to a Compromise,
and profess to be able to defeat any at
tempts to force vote by cloture or
otherwise on the repeal of the Sherman
act. Many anti-silveI men, however,
believe that good will come of the con-
slderation of the repeal, even if it be
not pass ed, by securing test vote,
which will show that majority is op-
posed to free coinage and that tilibuster-
ing alone prevented repeal of the
present law.
The canvass that is being made of the
house on the repeal bill is very imper
feet as yet, but the anti-silver men
claim that there are great many silver
men who want the Sherman law re-
pealed and will vote for such measure.
The influence of Mr.. Cleveland is, of
course, very strong, and great deal OF
dependence is put in that. A great
many Democratic partiSanS who are in
favor of the coinage of silver but whose
partisanShip is stronger than their con-
victonS on the financial question are
tired of the constant irritation growing
out of the silver agitation, and are
ready to go long way in most any di-
rectiOn they are convinced is most to
the party interest. There is somew hat
of a complication as to the Republican
policy. Some Republicans who are
opposed to silver think that the queS
tion ought to be left open to annoy the
incoming administration. but it appears
that most of them will vote their con-
victionS if the question is pressed and
will not be disturbed by the considera-
ton of what will most perpleX MI.
Cleveland.
A New Proposition.
In the house today Representative
Brosslus, of Pennsylvania, introduced
bill to authorize the retunding of the
per cent bonds to increase the crcula-
ton of the national banks, and TO dis
continue the purchase Of silver bullion.
1t authorizes the secretary Of the treas
ury to issue in sums not exceeding in
the aggregate $500, 100000 registered
bonds, in denominations of $50, or
mutiples thereof, redeemable IN coin of
standard value at the pleasure OF the
United States after forty years from the
date of issue, and bearing interest at
the rate of 2 per cent. Such
bonds shall be exempt from taxation.
The secretary shall dispose Of these
bonds by exchanging them for the 4
per cent bonds now outstanding. Every
national banking association that shall
transfer to the treasury bonds author
lied under this act shall be entitled to
receive circulating notes equal in face
value to the par of the bonds so depos-
tied and shall. in lieu of the tax as
sessed upon the circulating of national
banks under existing law, pay to the
treasurer of the United States on Jan.
of each year a duty of one-fourth of l
per cent upon the average amount of its
notes in circulation during the previous
year. The law providing for the pur-
chase of silver bullion is renealed