The morning call., 1893-09-09
GOLD MEN WEAKEN
They Are Talking Of a
Compromise.
SILVER MEN TOO STRONG.
The Senate Has Shown That the Sher-
man Act Cannot Be Repealed
Without Conditions.

WASHINGTON, Sept S.-TEe last extrem-
ity OF cloture IS not 10 be invoked by the
American SeDate. There is heavy ma
1ority of members in favor Of uncondi-
tional repeal. but this majority has been
carefully polled, and it has been declared
that the conditions are not such as to war
rant the radical departure from the time
hon nored traditions of the Senate that
would be necessary 10 secure coture of
debate and force the repeal bill to final
vote. The conferences daily held between
the President aud leading Senators, par
tcipated in almost invariably by Secretary
of the Treasury Carlisle, have been full of
promise not of the passage of a bill uu-
cOnditionally repeating the purchasing
clause Of the Sherman act, but of this bill
amended by such conditions as to give to
it the undeniable garb OF compromise.
One by one the Senators who have openly
expressed themselves in favor of uncon-
ditonal repeal-and they are nearly three
ffths of the United States Senate-have
been consulted as to the adviSability of the
cloture rule, and the results have been
that less than thirty Of eighty-six Sen ators
lave expressed themselves in favor of re-
sorting TO such extreme measures.
This startling innovation from The ira
ditions of the Senate. therefore, will not
be part OF the record to be left behind
by this extraordinary session, and with the
proposition for cloture finally abandoned
there remain but two alternatives for the
Senators. compromise or defeat, at the
hands OF flibusters. not in the open guise of
filibusters. but in repeated demands for
the call of the Senate and resort to other
parliamentary proprieties TO prolong indefi-
nitely the debate OF these two aterna-
tives the one promising the greater benefit
appears likely to be chosen. and that is
for compromise. a series of conferences is
therefore TO be held from time TO time
until the end Of next week, when it is
hoped a clear majority will be found
welded to some proposition which will not
be opposed by the minority with enough
vehemence TO lead the flibustering oppo-
sition.
The proposition for compromise now
under discussion, and meeting with the
greatest favor. provides that, coupled with
the bill repeating the purchasing clause of
the Sherman act, there shall be law di-
reeting the Secretary of the Treasury to
buy monthly a considerably reduced
amount of silver bullion and TO actually
coin this bullion into money.
The Secretary of the Treasury is also to
be given ample power to protect all gold
and currency and money of the United
States, and to make it interchangeable
and in addition to this the national banks
are to be permitted to issue notes in the
aggregate equal of the face value of the
United States bonds on deposit, and con-
cessions to the State banks are also being
discussed.
The four separate and distinct subjects
which it is proposed to include in the re-
peal bill and the various compromise
amendments thereto represent the four
factions into which the United States Sen
ate may be said to be divided at this time.
None of these factions would get what il
has been demanding by this legislation.
but each would get slight concessions and
some consolation in payment for uncondi-
tional repeal, and each faction would re-
tire from the conflict free from the onus of
defeat, and with the lanrels Of partial vic
tory to be placed to its credit
When asked as to the talk Of COM
promise. Secretary Carlisle to-day said
that there was no change in the situation
as far as the administration was con-
cerned. To Congressman who made
similar inquiry Carlisle is reported to have
said that If the adminis.ra ton yielded an
inch the opposition would demand an ell.
Furthermore. any agreement with the
Senate would not be binding on the House.
and should the bill be reported back to
that body with an amendment, so that dis
cussion might ensue, there would be
food of amendments offered and the result
would be disaster to repeal. 1t can be
stated positively that the administration
has not yielded up to the present time. and
from the talk of members of the Cabinet
there is no Intention TO yield. With a
large majority of the Senate claimed for
unconditional repeal, it is believed to be
possible to force vote when sufficient
time shall have elapsed for free discussion.
Senator Voorhees, to-day denied that
there was any intention on the part OF the
friends of repeal to surrender. Mr.. Voor-
hees recognizes the hnmiliatng position
in which he would be placed if the admin
istration should make terms after the de-
termined and defiant position which he
himself has assumed. The administra-
ton expects much from the conference of
bankers from all over the country that
will meet here next week, and is so conf
dent that the Senate will yield to the force
of opinion there expressed that the end of
this month is now named as the time when
the vote will be taken.
New YORK, Sept. SIT was reported
to-day that some money was put out on
time at per cent fiat. At one of the lead
ing national banks a reporter was in
formed that some of their call loans had
been paid off because the bank would OF
mark the interest rate down to per cent.
A well-known broker said to-day that be
lad heon offarpd n0neV f0r sly m n N at
per cent and refused.
VOORHEES, WAS NETTLED.