The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-21
CLOSE TO A COMPROMISE.
Just When Everything Seemed Fixed
There Came a Hitch.

The Two Factions of the Democrats
Unable as Yet to Agree on
the Date When Repeal Shall
GO Into Effect and on the
Bond Issuing Feature-The Repeal
Men Want the Buying to Stop in
JuIy-The Silver Men Want it to go
on Until Ise6-Hiu Ready to Try
Closure.
Washington, Oct Cot looked at 4
O'Clock to-day as if the terms Of the dem
ocratic compromise on the repeal bill had
been settled.
At5oclock the situation was slightly
changed and it became apparent at once
that there was some obstacle in the way
OF bringing the matter to a climax.
The democratic steering committee re-
sumed its sitting promptly after the close
of the executive session, and it was given
out that the only purpose of the meeting
was to put the finishing touches upon
the substitute which had been practically
agreed upon. Some of the members of the
committee felt so certain of the result
that they promised the republican mem
D6FS OIL GIt kDbuubG a NOpJ VI buC JILL lOL
inspection before the adjournment.
While this copy was not forthcoming,
senators who had retained their seats in
the Senate chamber left, feeling confident
that the measure would be concluded and
ready for presentation tomorrow.
HITCH.
At 3 o'clock Senator German came
from the committee room, where the com
mittee had been engaged, and sent mes
senger flying for some one. He looked
puzzled and disappointed, and declared
that nothing was settled. Soon the word
went around that there was a hitch" in
the proceedings
Such, indeed, was the case. There
was a disagreement over the bond feature
and also over the time at which repeal of
the Sherman act should take effect. 1t
appeared that the administration forces
of the committee discovered, when the
clauses of the proposed bill dealing with
these points was reached that they
could not accept them as provided
in the document. 1t is understood that
the draft of the bill then under consider
alton fixed the time when repeal was to
take effect Jan. l, 1895, changed the au-
thorization for bonds to per cent. inter-
est, and reduced the time limit on the
bonds to from five to thirty years, instead
VI II OA44 VOL W AOA ~ CdAo % oV pAOoCLAg
provided, and confined their use to the
preservation of the parity of gold and
silver.
THE ADMINISTRATION DEMANDS.
From information received from others
than members of the committee, but men
who have the best means Of knowing, it
is considered probable that the admins
tration members of the committee made
an effort to have the time for : the
expiration of the Sherman law fixed at
July l, 1894. The same author
ity asserted that the treasury officials
had said earlier in the day that if the
purchase of the silver bullion should cease
on July l of next year, it would be
possible to preserve the parity without
any action whatever upon the bond
question, and as some Of the staunchest
of the repeal democrats who are members
OF the committee are opposed to the
bond proposition, it is probable that the
effort of tonight was in the direction of a
reduction in the time of the future exist
ence of the present law and the elimina-
ton Of the bond proposition altogether.
ENDED WITHOUT AN AGREEMENT.
The committee remained in session I'M
til 6:l5, but instead of having a completed
bill to hand to the republican side of the
chamber the conference came to an end
without reaching any agreement at all,
with the date and bond questions unde-
cided, but with the understanding that
another effort would be made, probably
tomorrow.
Some of the silver democrats have said
that If their party steering committee
did not reach a conclusion by Monday
they would join with the republicans and
pass senator Quay's amendment. which
extends the Sherman law until Jan. l,
1896 or year longer as the best that is
offered to the silver men by the democrat
ic bill
But on the other hand Senator Hill
says that he has already had assurance
of large vote for his proposed closure
resolution on the democratic side as soon
as it becomes apparent that the steering
committee cannot agree. The outlook is
therefore for lively times and uncertain
results if the committee is not able to
satisfactorily conclude its labors at an
early day.
A CONFERENCE WITH CARLISLE.
Seven or eight democratic senator's
visited Secretary Carlisle as the repre-
sentative of the administration at the
treasury department to-day, and sub
to take the place of the re-
peal measure now before the Sen
ate, which they thought practically
all of the democratic senator's
would support. Secretary Carlisle
dissented from some of the terms of the
proposition and showed wherein they
would in practical operation be objection
able. There is excellent reason for saw
ing, however, that before the middle of
next week repeal bill will
be passed probably with a provis-
ion authorizing the Secretary of
the Treasury to issue bonds not exceeding
100000 and coin the seignorage now
in the treasury. This, it is said, would
not be considered a surrender by the ad-
ministratiOn and it is stated on reliable
authority that the bill passed in this
shape would not be Objectionable to the
president.
sESsroNY on rvu SZIThnr