New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-16
WIDER GROWS THE SPLIT.
THE PRESIDENT DISREGARDED
RIIL TO INCREASE THE LIMIT OF NATIONAL
BANK ISSUES BLOCKED.
AIR. Voorhees, LEADERSHIP CHALLENGED
GENERAL DEBATE IN THE SENATE
SPEECHES rY HOAR, LODGE

AND wOLCOTT
Ipr TELEGRAPH TO THE TRrBuNE.l

Washington, Aug. l5.-Ihe radical divergence
Of opinion in the Democratic ranks in the Senate
m the issues raised by the Presidents message
was made more painfully apparent than ever this
morning, when the passage of Mr.. Voorheess bin
N increase the limit of National bank issues to
tho par value Of the bonds deposited in the Treas
ury was summary blocked by Mr. Cockrell.
The Indiana Senator had secured a favorable re-
mort On this bill at the regular Tuesday morning
meeting Of the Finance Committee, and came into
the Senate prepared to this sensible and popu-
lar measure Of relief, Endorsed by the Democratic
Secretary Of the Treasury, 60 through without de-
bate or opposition. He was naturally highly sur
prised and deeply indignant when Mr.. Cockrell,
the chairman Of the Committee on Appropriations,
and one of the most conspicuous of the Demo-
cratic leaders in the Senate, objected to the con-
alteration OF the bill and plainly announced his
intention to fight it an obnoxious piece OF
sfavoritism" to those pet diversions of every
granger statesman, the N,>jonal banks.
As Messrs. Vance, Harris and Jones. Of Ar
kansas, three Of Mr. Voorhees, five Democratic
colleagues on the Finance Committee, had opposed
favorable report on the bill, and We're also anx-
ious to antagonize it in the Senate, Mr.. VOORHEES,
found his leadership challenged at the very out
set by his political associates and was put IN
the embarrassing position of an isolated party
chief whose forces were hurryng away in an op-
posite direction from that in which he had com
placently supposed himself to be guiding them
With evident dispeasure the Indiana stat sman
yielded to fate and saw action on the bill post
poned till tomorrow, when he said he would call
up the measure again and insist on it's immediate
adoption. Mr.. Cockrell and the other dissdents
will undoubtedly try TO cucumber it, when it is
taken up, with an amendment TO give State
banks the right of free issue, and in case Of
failure will talk out the morning hour and send
the bill to the calendar. Mr.. Voorhees, intimated
In his remarks to-day that he had offered the
measure rather against his own prepossessons and
in contradiction of his own attitude toward the
National banking system. But the Indiana
Senator, since his elevation to the Craftsmanship Of
the Finance Committee, has evolved the COM
Portable theory that a mans vote or other action
on any question is not necessarily test of his
opinions on the subject: and this easy-going
philosophy happily enables him to enter cheerfully
on many tasks of legislation which might embarrass
q committee chairman with less sanguine and
reversible turn of mind
The Senate, for lack Of anything else to DO
while the Democratic members of the Finance
Committee are still disputng among themselves as
to what sort of financial compromise they
shall bring in in response TO the Administration s
demand for unconditional repeal, continued to-
day to discuss in general way the questions
raised by the Presidents programme. The de-
bate was participated in by Senators Lodge, VOL
colt and HOar. and although no unusual political
significance attached TO their speeches the attl-
Jude oil each .,rraIor b-lns perfectly well kn 'wn
the afternoons discussion was OF "a very high
order of excellence and interest. Senator lIoar
speech was one of the most elaborate and elective
he has ever made in the Senate on a financial
subject. and il attracted marked attention. The
younger Senator'S both spoke with admirable
brevity and pleasing oratorical effect, illustrating
a style of public speaking which is unfortunately
rather novel and infreq uent in the "delberative
branch" but which is highly refreshing IN its
viyor, conciseness and intensity. Mr.. Lodge, TAX
ing his resolution Of last week text made a
stirring plea for immediate action Of some sort
either the repeal of the purchase clause OF the
Sherman act or the adoption of new siiVer-coln-
aop rail. Mr.. NUicp., ai,ued torcirlN tlat tlN
present financial crisis not due In any great
ircn sure 10 the Sherman act. but 10 many other
cooperating causes. -.
Mr. Hoar made long and carefully studied
argument against the adoption by tins country OF
a single gold standard, but saw no hope OF sccnr,
ing sound system of bimetalis:n, either National
or in na-onal. except through d cessation Tor
the present of all silver purchases