The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-19
There Seems to Be a Majority
i'm Both Houses.
THE SENATE BILL INTRODUCED.
The Silver Men Are Weakened by
Disagreement.
The Enemies OF the National Banks Re-
ceive q setbaek-why she Treasasy
Can Not Now Exchange silver pei-
lars for g aid.

WASHINGTON tITff aug. n-IEe men,
bers of the senate finance COMMITTEES who
voted for the repeal bill Introduced in the
senate today were Chairman Voorhees,.
Mcpherson. Morrill,. Sherman, Allison
and Aldrich. of whom the last four are
Republicans. The full text of the bill,
emitting the enacting clause. is:
THAT so much of the act approved July
IL, 1880. entitled an act directing the pur-
chase of silver bullion and the issue of
treasury notes thereon, and for other pur-
poses as directs the secretary of the
treasury to purchase from time to
time silver bullion to the aggregate
amount of 4. 10000 ounces, or so
much thereof as may be offered in each
month, at the market price therefor. not
exceeding 81 for 37i.25 grains of pure
silver, and to issue in payment for such
purchases treasury notes Of the United
States. be and the same is hereby re-
pealed. and il is hereby declared 10 be the
policy of the United Statesto continue the
use of both gold and silver as standard
money, and TO coin both god and
silver into money of equal in
trinsic and exchangeable value, such
equality 10 be secured through in
ternational agreement or by such
safeguards of legislation as will insure the
maintenance of parity in value of the coins
every dollar mt all times In the markets
and In the payment of debts, and IL is
hereby further declared that the efforts of
this government should be steadily di-
rected 10 the establishments of such safe
system OF b-metailism as will maintain at
all times the equal power of every dollar
coined O: issued by the United States in
the markets and in payment of debts.
Senator Voorhees, will not, as he had
originally intended, ask the senate to fix a
day for vote on the bill. He said this
morning that he did not think vote
would be had on il for some time, as there
appeared to be disposition on the part of
some senators to debate the measure for
an indefinite time. He will call il up next
Tuesday. at which time he will make a
speech on the financial question generally.
There were no sensational developments
in the committee room, but both sides re-
NAMED firm, the unyielding minority of
silver men contenting themselves with
the statement that they would carry to
the senate the tight that was hopeless in
the committee. There has been some
quiet talk among the anti-silver men OF
the committee as to chances for vote and
final action on the bill, and it is ascer-
tanned that while they feei pretty GER
tain that the bill can pass the house,
they appear by no means sanguine of the
senate. There seems to be feeling that
the bill of Vest. establishing free coinage
at ratio of 20 10 1. will possibly be sue
cessfui. In that event even they look for
the final triumph of the administration
measures. The two bills would then 40 to
conference, and in that stage of the pro-
ffx,xx b. 1. q
ing the dignity which it so closely guards,
recede from its position and adopt the bill
OF the house. Ii is believed that the men,
bers favorable to free coinage, having by
that time put themselves on record. would
be willing to vote to recede, and straight
repeal would go to the president for his
signature.
The correspondent of the Chicago Daily
Ne,ss teiegraphs 10 his paper: 1t becomes
more apparent as the debate in the house
progresses that the test of strength be-
tween the silver and anti-silver forces will
he shown on the substitute for free coin
age at the ratio of I6 to instead OF the
ratio OF 20 TO 1. which has been the popu-
lar impression among anti-silyer men.
The weak points in the scale
of ratios above Is to 1 have
developed gradually. Messrs. Bland,
Bryan and other veteran silverites are
telling their followers that an increase in
the ratio would be concession to the
single gold standard, for it would be an
admission that the future use of silver for
money must depend on Its intrinsic value.
instead Of the stamp of the government.
aud would be subject TO change lust as
the price of bullion fiuctuates. The silver
leaders agree with Bryan that bi-metal-
lism does not depend on any fixed ratio.
but may exist as well at ratio of II, To 1
as at ratio of 80 to l. The free silver
leaders are counseling their followers
to mass their strength on the substitute of
Is 10 1. and many of them will decline 70
vote at higher ratio, on the ground that
II would be degradation Of the white metal
as n monetary standard. The silver men
admit now that the repeal vote viii pass
the house by a large majority, because of
the peculiar variety OF free coinage views.
but they hope that the senate will return
the bill to the house with certain conces-
sions to silver coinage.
Secretary Carlisle sent to the senate to-
day a communication in reply to a resolu-
tion requesting certain information as 20
the redemption of treasury notes issued
under the Sherman act. During the ures-
ent month treasury notes issued under
the act of July IL, 1880. amounting to
S7i4,o36 have been redeemed
by the government in SILVER dol
lars. lie added; in further re-
sponse TO the resolution / have to
says that recently gold coin has been pre-
sented at the office OF this department sad
silver dollars asked in exchange therefor.
and that the exchange was not made for
the reason that all the silver dollars in
the treasury at this time are required. un-
der the provisions of the laws rel.ytlng to
the currency. 10 be held in the treasury 70
cover outstanding silver certificates ani
treasury notes Issued under the act OF
July IL. 1880. -
One hundred and forsv-seven thousand
ounces Of silver we're offered TO the treas
ury department. to-day. and of this amount