Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-10-23
sg.csal 7,lsoram,o as R,as,s-.

respondent Of the plan Of financial leg
|islation now practically agreed upon by
the Democrats Of the Senate, Senator
Cawden said:
THE proposition is, first, to repeal
the purchasing clause Of the Sherman
act, TO take effect October 1, 1894 Civ
ing Il about eleven months 20 run-
second to coin the seIgniorage on the
bullion now in the treasury, and that
TO be purchased to October next and to
cover it into the treasury. This will
amount 70 about sos, OOO OOO-third, to
withdraw an other notes under $40 and
TO issue silver and silver certificates to
take their place.
% 'fThs effect OF this legislation will be
to increase the circulation by the addi-
ton Of something over S1OO,O 600, and
s. TO divide about equally the money out
standing between treasury notes paya-
Ole IN coin, which means gold, and sill
yer certificates and silver coin, giving
, each about five hundred and fifty
millions, outside Of National bank notes,
which are not included in the esti-
mate.
This proposition seems to be fair,
and is perhaps better for the country
than repeal to take immediate effect, as
IL will give a reasonable time for the
country 20 adjust itself 90 the change
and will also give the country some
thing over one hundred millions more
money.
1.-THE FINANCIAL WORLD
will be satisfied with the declared poll
cy Of the government in repeal, and the
concession on the part OF the admins
blation does not affect the principle in
VOWED, and az the same time Is q yalua-
ole concession 20 the silver interests"
Senator Camden also recalled the pre-
diction which be made 10 his speech in
she Senate recently, that before the end
this decade the necessities OF Euro
Eau countries were likely 90 force them
iOin us in an international
metallic agreement, aud ia this
snectiOn called attention 20 the
orts from India OF serious business
.urbauces there because of the clos
of The Indian mints to silver.
ere we're similar disturbances 10
South American countries where the
English had large interests. These
things might bring about al interna-
tiOnal bimetallic agreement sooner
than had been predicted, especially
when 10 became plain that this country
was not going longer 20 bear the silver
burden. BY making some sacrifices
now, the position OF silver it might
reasonably be hoped, would be made
better than ever in the near future
through international agreement.
THE COMING WEEK.
The silver question will probably
again this week occupy the attention OF
the Senate 20 the exclusion OF every
other subject, unless 10 be some minor
matter like the confirmation OF PreSi-
dental appointments. Even though
the compromise bill be brought on to-
morrow there is little prospect Of con-
cluding the consideration Of the ques-
tion before the latter part OF the week.
Senator Jones, OF Nevada, who has
spoken already on three different days,
announced last night that be would re-
Quire parts OF two or three days more
for the conclusion of his remarks. Sen
ator Teller also has on hand a speech
which he began two or three weeks
since, which he would like 20 have an
opportunity 70 conclude. There are
probably others OF the silver advocates
who are sim -iy situated. They will
be given opportunity 20 present the
matter prepared, even though the ad-
justment Of the question shall be defn-
itely settled.
There will also In al probability be
many speeches to explanation Of votes
upon the compromise, bgt these will be
comparatively brief
There Is a possibility that the COM
promise may fail, though all the prob
abilities are in favor Of its success II it
should fail the throttle Will be thrown
wide again and no one can fOrstell what
the week might bring forth. Such a
state Of affairs would almost certainly
force the Senate into a fierce fight over
the rules. It is probable that Senator
VOORHEES, will make a summing up speech
during the week If the compromise
amendment Is introduced.
PROSPECTS IN THE HOUSE.
TheNcourse Of events 10 the House
during the coming week Will hinge upon
tbe result of the effort TO put through
tbe compromise at the other end Of the
Capitol. III compromise should reach
the House before the consideration of
the bankruptcy dill, which is made 4
continuing order beginning tomorrow,
h disposed Of, that order will be vacat-
ad 70 the end that prompt action may
be had in the financial measure. 10 Is
not expected, however, that the CON-
1romlse bill will reach the House under
f6e most favorable circumstances until
the latter end Of the week. Unless it
becomes apparent that there might be
delay 4 committee, the bill will be
referred under the rule 20 the coin age,
weights snd measures committee. If
..bare is 3 disposition 20 hold it there
ion will be made 90 concur in the
senate amendments when the bill is
taken from the Speakers table. The
. attitude Of the Republicans toward the
Abil will be governed by the cburse Of
he Republican Senators. III silver
democrats, 700, except perhai few
tremists, will follow the lead OF their
laeal brethren Of the Sc ats. In