The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-08-16
REPEAL Is CERTAIN.
Democratic Senators Will Uphold
Cleveland.
BUREAU OF THE SENTINEL.

BUREAU OF THE SENTINEL.
WASHINGTON, Aug. 9.
The democrats in the senate are getting
together on the financial question. The
two caucuses held today We're largely
devoted to the discussion of the matter
of the method of procedure in the con-
sideration of financial legislation, but
there was a great deal of quiet talk
among the senators as to the character
Of the bill that should be passed. The
weight of sentiment seems to be decided
Iy in favor of sustaining the policy of
the administration. So strong did this
sentiment appear that there is little
room to doubt that the democratic
members will nearly all be found in line
advocating and sustaining that policy
at the critical time. The unexpected
partisan turn of yesterdays discussion
has awakened some of the democratic
members to the necessity of standing
upon the party platform on the financial
rs we'll as the tariff question when these
problems come to be considered, and
present indications are that few, if any,
IF them will be arrayed in opposition TO
what will no doubt be termed the ad-
ministTations policy"
When the final vote comes to be re-
corded the measure that they will prob
ably unite upon will be one simply pro-
viding for the repeal of the purchasing
clause of the Sherman act. Legislation
that is likely to be suggested afterward
will provide for the coinage of the silver
bullion now stored in the treasury vaults
at the rate of about $2,0000O0 per month.
If the present upward tendency in the
price of silver continues for few weeks
longer the intrinsic value of the silver
dollar will reach that of the gold dollar
and thus remove all objections to its
further coinage by the time vote is
reached on the legislation for repeal,
while an agreement to raise the ratio
say TO l to 20 could easily be made if the
price of silver should remain stationary.
This was the drift of the informal pri-
vate talks between members as they ex-
changed views. While the open discus
sion pertained to the matter of reaching
a vote as speedily as possible there was
practically no opposition to this PROPOSE
ton and the democratic position upon
the floor will be for action with just as
little delay as possible. OF course there
will be discussion, but the democratic
policy will be to give all sides a hearing
and then take a vote.
In the house there is no disposition on
the part of the advocates of silver to
limit the time of consideration of a repeal
measure or the number of amendments
that may be offered. In the caucus of
the friends of silver there were not over
sixty members present and some of these
were democrats who are free silver men,
but who will follow their party upon
this question if it takes caucus action.
The members of the Indiana congress
sional delegation have been very quiet so
far in expressing their views upon the all
absorbing topic of the currency but it
is learned tonight that at an early date
Congressman Brown will, in a brief
speech. define his position. 1t is stated
that his views are not very far from the
policv of the administration