The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1893-08-08

length, and that it recommends the I'M
conditional repeal of the Sherman act.
Pro-silver Democrat express themselves
as agreeably surprised at what they un-
derstand to be the moderation of the
Presidents recommendations. They are
informed that he recommends the uu-
conditional repeal of the Sherman act
He, however, recognizes that silver is
one of the money metals of the country,
which must be maintained, but points
out that with the present attitude of
European countries the proper ratio be-
tween gold and silver cannot be main
tanned by this country alone. Therefore,
he does not favor the coinage of silver
under present conditions except for sub
sidiary purposes.
He thinks the European nations who
are now depressing the price Of silver
can, by the suspension of it's Coinage i'll
this country, except for subsidiary pur-
poses be coerced into an international
agreement more ia orable than we have
heretofore had. He is in favor Of silver
on parity with gold, and stands by the
platform Of 1892, but says that platform
cannot be carried out for the reason that
a fixed parity cannot be maintained.
Prominent leaders of both wings of the
| Democratic party have had conveyed to
| them the impression that these are sub
stantially the views the President will
| express.
The intention is that Mr.. Cochran
| shall at the first opportunity introduce a
bill to repeal the Sherman act outright,
without any conditions or substitutes.
| Mr.. Culbertson will also introduce bill,
| or some one will, in his behalf, which
| will provide for the repeal of the pur-
| chasing clause of the Sherman act, and
wilt also provide for the coinage of sill
yer without ninting at the ratio of is to
l. The bill, 1T is understood, in its
wording will follow as closely as may be
section of the Democratic platform Of
| 1892 which favors the coinage of both
gold and silver without discrimination
4 against either metal or charge for mint
age, but the dollar unit of coinage Of
both metals must be of equal intrinsic
| through international agreement
or by such safeguards of legisla-
ton as shall insure the maintenance
of the parity of the two
metals and the equal power of every
| dollar at all times in the markets and in
the payment Of debts. =
BY this means it is thought that the
| Democratic opponents of bill thus
| framed will be put in the attitude before
the country Of opposing their own plat
form.
In the Senate.
Washington, August THE Senate
| was called to order at noon, and the
| opening prayer was made by the outgo-
| ing chaplain, Mr.. Butler.
After the Presidents proclamation was
read the oath of Office was administered
to Senators Quay Of Pennsylvania and
Pasco of Florida, and a communication
was read from Mr.. Beckwith of Whyom-
ing, announcing that, owing to combi-
nation of circumstances, he had placed
his resignation as Senator in the hands
of the Governor.
The communication was placed on
| file.
The Secretary-elect of the Senate, Mr..
Cox of North Carolina, had the oath ad-
| ministered to him and took possession of.
| the Office. The usual resolutions to no.
tify the House and the President. were
adopted and then at 1890 the death of
the late Senator Stanford of California
was announced by Mr.. White of that
State, and as a mark of respect the SEN
ate adjourned until tomorrow.
Stewards Silver Bill.
Washington, August 7.--Senator Stew
art of Nevada, has already prepared
bill to restore the right of coinage"
which he will introduce at the earlies
opportunity.
1t provides that the fourteenth section
of the act Of January 1s, 1873, be re-
enacted. The section reads as follows
"That gold and silver bullion brought
to the mint for coinage shall be received
and coined for the benefit of the deposi-
! IA hot + ch 1,o f111 10
refuse at the mint, any deposit of less
value than one hundred dollars and any
bullion so base as to be unsuited for the
that when gold and silver are combined,
if each of these metals be in such small
proportion that it cannot be separated
advantageously, no allowance shall be
made to the depositor for the value of
such metal
The bill also repeals the silver pur-
chasing clause of the Sherman law of
$780,