The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-09-09

ablo to Him.
WASHINGTON, D. G., Sept. s.-The last
extremity Of cloture Is not to be in
voked by the American senate. A
heavy majority OF the members are in
favor Of unconditional repeal, but this
majority has been carefully polled and
It has declared that the conditions are
not such as to warrant the radical de-
parture from the time honored ira
ditions OF the senate that would be
necessary to secure cloture of debate
and force the repeal bill to the final
vote.
One by one the senators who have
openly expressed themselves In favor Of
unconditional repeal-and they are
nearly three-tifths of the United States
senate-haye been consulted as to the
advisability OF a cloture rule, and the
result has been that less than thirty OF
the eighty-six senators have expressed
themselves in favor Of resorting to such
extreme measures.
To-day compromise has been about
the only theme Of discussion among the
leaders of the senate and'a series Of con-
ferences are to be held from time to
time until the end Of next week, when
it is hoped a clear majority will be
found welded to a proposition, which
will not be opposed by the minority
with enough vehemence to lead to o
tilibustering opposition.
a COMPROMISE.
The proposition of compromise now
under discussion and meeting with the
greatest favor, provides that, coupled
with the bill repeating the purchasing
clause OF the Sherman act, there shall
be law directing the secretary OF the
treasury to buy monthly considerably
reduced amount Of silver bullion and
to actually coin this bullion into money.
The secretary Of the treasury is, also to
be given ample power to protect all gold
and currency and money Of the United
States, and to make it interchangeable.
In addition to this national banks Of
the United States are to be permitted
to issue national bank notes to an aggre-
gate equal to the face value of United
States bonds on deposit. Concessions
to state banks are also discussed.
To-day the bad feeling which has
cropped out occasionally burst forth
quite unexpectedly. Party lines are
apparently totally disregarded in the
present contest and sectional divisions
seem to furnish the line Of demarka.
tion.
Mr.. FAULKNER SPEAKS.
At12:45 the repeal bill was taken up
and Mr.. Faulkner (Dem., West yir.
ginia, addressed the senate.
He announced his intention. to vote
for repeal, but expressed his belief in
silver as money metal, and declared
his intention OF bringing in an amend.
ment providing for the coinage OF
$1,000 600 Of silver per month until the
aggregate circulation silver OF the coun-
try shall reach $500, 900, 900.
Mr.. Faulkner said that for the first
time ia thirty years the Democratic
party had been placed in charge of oil
branches OF the federal government In
the election OF last fall three great prin.:
ciples OF government had been passed
upon by the people. First, they had
condemned class legislation; second,
they had declared against interference
with home rule, or local self.govern-
ment; third, that the financial policy
which for twenty years had been con.
trolled and shaped by powerful agen-
cies, with view Of increasing the
values Of property held by those de-
pending upon annuities and fixed in.
comes, and depreciating the values Of
all property in the hands OF the pro.
ducersof wealth, should be radically
and effectively changed.
The questions should, he said, be ap.
preached in q broad-minded spirit and
senators should be willing TO make
sacrifices Of comfort and inclination in
their consideration and action upon
them. He did not agree with those
who attributed all the financial ills to
the Sherman act There had been
many causes at work outside the bounds
OF our own republic, and many Of them
had been more influential than this
law. That law had not tended to pro-
duce scarcity OF money but on the
contrary, had added to the volume OF
the currency, and in this respect the
operation OF the law had been bene-
fetal. No evidence was furnished to
show that the charge so freely made
that the purchase OF 4,600,00O ounces OF
silver per month has been the chief dis
turbing element in our system was
true, he contended that the want Of
confidence which had been made mani-
fest by the people was want Of conf.
dence in our financial institutions
rather than in any particular kind Of
money.
OTHER CAUSES.
Yet, while not one ofthose who be-
lieyed that all our financial woes had
been brought upon us by the Sherman
act. he would admit that the deluston
that had produced all the financial evils
Of the day had been so successfully en-
couraged that the people to a very large
extent would feel relieved OF the incu-
bus which they suppose rest on them
should the act be repealed, and that,
through the ingenious mantpulations OF
the same agencies by which this condi-
ton was brought about, confidence
would again be restored and the circu.
Iation Of the country return to the act
i've channels Of trade.
The action OF the Indian government
closing her mints TO the free coinage OF
silves had, he said, suggested serious
and grave doubts to his mind aud, for
the hrst time, had caused him to qnes-
tion the ability Of the United States,