The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1893-10-26
COMPROMISE PROPOSED.

ny IOU,OOU.UOO.
WASHINGTON, Oct. 21.-The details of
the Forthcoming compromise on the silver
question have been practically agreed
upon, and afew moments before l O'Clock
this afternoon Senators began to pledge
themselves to abide by it. The compro-
mise agreed upon provides that the
repeal of the purchasing clause OF the
Sherman act shall take effect October l,
1894, and that the bond question shall be
eliminated entirely. All silver bullion
now in the treasury and all that may be
purchased up to the time the repeal
goes into effect, together with the
seigniOrage, is to be coined, save the
amount necessary to redeem the out
standing silver certificates. All green
backs and treasury notes under SO III
value shall be retired and silver ccrtifi-
Gates or coined silver dollars shall take
their place.
As soon as the committee reached this
conclusion the Senators on the Demo-
cratic side were sent for: there was a
steady stream of Senators vending their
way to the committee room. Senator
Voorhees,, in charge of the bill, was
for some time clOseted with the com
mittee.
4 paper was drawn up, addressed to
Senator Voorhees,, in which Senators
pledged themselves that if he would move
to amend his bill in accordance with the
outlines given above they would support
it and then vote for the bill us amended.
1t was a noteworthy fact that the silver
Senators signed this document, although
there were some who did it under the
most vigorous prOtGstatiOns, looking
I.,f, fhnyr n
if, as an abject surrender of all that for
which they had fought these many weeks.
AS soon as this paper has been signed,
its purpose having been previously
discussed with the chairman OF the
Finance committee, the amendment will
be prepared and introduced in the Senate.
Up to O'Clock, when the Senate took
q recess, thirty-seven Senators had signed
the pledge addressed to Senator EOor-
hees, to support the measure. This
number included Senator Martin, of
Kansas, who has been counted by some
as q POpulist. He says that he is and
always has been Democrat, and while
he did not acquicsce willingly in the con-
clusiOn reached by the conference, he
agreed to it because it was the best he
could get.
BY the coinage of the bullion and the
substitution of silver certificates for
treasury notes and greenbacks below the
denomination Of $40, it is estimated the
volume of silver in circulation will be
Increased by 100000,
The terms OF the compromise for the
Repeal bill was not generally known in
| the Executive Departments before the
closing hour arrived. Secretary Carlisle
| was handed the substance OF the com
promise, but he preserved, as he has
| throughout this entire struggle, a
| mastery silence as far as making
public his views through the press is con-
| cerned. Others talked of the sub ect,
however, and the fact that an outcome
| was in sight was received with general
| satisfaction.
One of the Cabinet officers mot Secretary
! Carlisle) in conversation subsequently
expressed the belief that without clause
in the compromise authorizing the Secre-
| tary of the Treasury to issue bonds VI
to IL fixed amount, say $3.50, OOO,O 900 or
| $500, 0OO,O 900, at rate of interest that
would really float them abroad and not
| have them returned to us on every little
financial furry, the bill would be unsatis-
factory as financial measure of relief.
| The clause in the bill providing for the
retirement of United States notes anC
treasury notes below SO was favorably
received in the Treasury Department
| The retired 81 and s. notes, it is under
stood of course, are to be converted into
higher denominations, so that the present
amount of these two classes of money in
circulation will not be affected by the
| change. The amount of United States
notes that will be retired, if the proposed
| int off fClI
One dollar, So 500, 1875; two dollars, 50,
| 994, 800; five dollar, $G3, 95S, 81
Treasury notes of 1890: One dollar
| $14 $40, 1873; two dollar, 81, ,592
| five dollar, $3S, 2O2 ,295. Silver certiti-
Gates about $500 in circulation aggre
gate about $2OO,OO0,O and under
and including S. 90 about 500, 900, 900
| The plan as now understood cOntemplates
| the issue of smaller denominations of
| silver certificates for the large denomina-
| tons now in use.
! When the steering committee adjourned
to-day with thirty-seven signatures tC
the pledge they felt assured of four more
names, bringing the total up to forty
| five, leaving only two more necessary to
insure the passage of the bill by Demo-
cratic votes. Three Democrats who are
said to be holding out against the bill
| are Senator's Mills and Villas, of the re-
pealers, and Irby of the silver side.
Senators Daniel and White of California
are absent from the city. The steering
| committee count upon the support OF
| these two. There are Others of the ex-
IRENE repeal men upon whom the COM
mittee depend with certainty when voting
| time arrives. The committee is anxious
| to put the bill through as party
measure, without calling upon the repeal
| Republicans for aid. The Republicans
| reciprOcate this desire, because the bill
| does rot commend itself to either the
| silver or repeal faction Of the Republicans
| A similar state of feeling prevails on the
Democratic side, for this is pre-eminently
a case thatfits the definition which some
| body has given of q cOmprOmiSe-an
| agreement by which neither party gets
what it wants. The compromise will be
] offered in the Senate as an amendment
| to the pending Voorhees, bill, possibly on
| Tuesday. 1t will probably receive the
| support of the silver Republicans as an
| amendment, while the bill as so amended
| will be opposed by them. This will
| probably make the passage of the COM
promise q certainty, because the ultra
repeal Democrats will take just the
OppOSite COURSE, Young against tne
| amendment and in favor OF the bill when
| it comes to final vote as the best they
| can get.
LArER-Snce the above was put
in type we see it stated that the
proposition will not be accepted by
the Administration. 1t is said that the
| edict has gone forth that it must be
unconditional repeal of the purchasing
clause of the Sherman Act or nothing.
How much truth there is in this we do
not know, and simply give the state
ment as it comes to us, for what it is
worth.
LII LIKE A THIEF IN
THE NIGHT, Con-
sumption comes. A
% slight cold, with your
ttN0 system in the scroful-
(fsVNn A >ous condition that's
ttlt,V ~ caused by impure blood,
nIN1 H. is onouoh to faSfan II