Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-08-22
81 TELEGRAPH.
T.ss sMyEa CUISINES.


wAsHrSGrnx, Aux 2L-TAs men who
ne taking compromiss n present are MOI
the repealers. but the silver senators. who.
while they declare their ability 70 prevent
repeal unsess given something In its place,
feel the awkwardaess Of their position
And the danger Of standing out against
public opinion too long
The only thing NJ present in the way OF
an agreement Is the stuhbornness Of the
silver men. who are willing enough 70
have the sherman law repealed If they arr
given free silver, bat there Is no repsa'er
willing TO agree with them
Ii was stated some days ago that SEN
ator German and the membsrs Of the
steering committee had under conssdera-
ton general and comprehensive measure
which included among other features the
repeal Of the purchase clause, free silver
at an increased ratio. increase Of the IA
tionai bank circulation to par and the ex-
change Of bonds for currency.
The introduction OF Mr.. Voorhees, bill!
TO allow national banks to increase their
currency to par is the first step in that
compromise.
The passage OF the bill would at once
place in circulation some 81, 1000 add
tionsi. as the national banks would i'm
nlediateIy increase their circulation To par,
but in the opinion Of Senator Sherman 1t
would have far wider and more reaching
effects
He believes that il the hanks were per
United 10 issue in currency the full amount
Of the bonds deposited il would stimulate
aud encourage national banks to very
greatly increase their circulation, Us an
additional 10 per cent would make circula-
ton profitable, while now it is claimed
that SO long a. the circulation is restricted
To 20 per cent there is absolutely no money
in the business
Senator Sherman stated the other day o
a friend in discussing the bill that its
passage would put in circulation almost
Immediately 100000 aud perhaps AN
additional $1,000, 90 or $4,000, zoo
What They Claim.
That is one reason why the silver me II,
IA great many of whom have always been
opposed to national banks and to the pass
age of any legislation favorable To those
institutions, are now anxious for its pass
age. IS they believe, with the banks avail
iug themselves Of the power to increas
their circulation, the currency famine
would soon be thing of the past, and,
with the revival of business, attention
would he diverted from the Sherman law
and the demand for its repeal be much
abated.
1t would therefore be far less difficult
for them to keep up their stubborn opposi-
ton and To finally succeed in firing out
the repealers and securing the adoption OF
a compromise measure which would be
agreeable to them.
Another use will also be made of the
bank bill.
1; is not unlikely that before the bill is
finally voted on there will be amendment
offered which will to great extent serve
to show the relative strength OF the silver
and anti-silyer men in the senate.
1t has been suggested that free coinage
measure he offered to the bank bill rs au
amendment, and thus the sense of the
senate could be taken and such action
would not in any way jeopardiAe the POSI-
ton Of the silver men on the repeal bill
That is, il silver amendment should be
carried by the senate, it would, OF coutsc,
lie useless to further prolong the fight on
the repeal bill by the hard money men,
but if, ON the other hand. the VOTES should
show that the silver meu were i'll the
minority and their amendment should DC
defeated, they would still be able To Goa
tinue their policy Of obstruction aud delay
by talking on the repeal bill to prevent it
from coming 20 II speedy vote
Why silver Sien Are Anxious.
The silver men nave Away, claimed
that they have a majority i'll the senate,
but 1t is a claim not euHcsded by the otiipr
side, and it is moi uniiseiy that both
would be willing To have Il Test vote taked
in an indirect way So as to let them see
exactly Were they stand
But 1t must be remembered that unless
the repealers are absolutely convinced that
they have majority they would not per
init an amendment Of this kind To be voted
On, as it would then render all their
further efforts fruitless and the silver ned
would have obtained all that they are
fighting for III the way Of silver coinage.
Such all amendment, il passed by the
senate, would have to be also passed by
the house before it could go to the presi-
dent.
II is hoped by the silver men to he able
to prevent u vote being taken on the bank
bill until after the house has voted on the
repeal bill, so as to understand more
clearly which proposition will command
the greatest strength in the house.
The prospects, however, are that no sill
yer proposition Of any kind can be passed
by the house, and if the silver senators at
tempt to use the bank bill as club with
which to kill the repeal and load it up
with a lot of amendments it will simply
result in the defeat of the bill and prevent
the country from obtaining the immediate
relief that might be given it in case the
bill was speedily passed without amend
DeDt