The Russellville Democrat. [volume] (Russellville, Ark.) 1875-1898, 1893-12-21
OPPOSED TO SILVER.
President Cleveland win Not Sanction Any
Measure in the Interest of
That Metal.
He Has Never offered to support senator
Voorhees, Financial Bill.

w ASHINGTON, IL. VI, Dec. 10. -
Senator Voorhees, denial that the
financial bill, introduced in the SEN
ate yesterday by himself, has the
sanction of President Cleveland's
administration created some surprise
among senators and others who are
kept informed upon the financial
question. Silver men say that they
were led to suppose from what Mr..
Voorhees, said during the debate on
the silver repeal question in
he extra session that with that bill
out of the way the administration
would propose measure for the
substantial recognition Of silver as
money, and that they therefore ex-
pected when Mr.. Voorhees, should
bring in bill it would come with
the sanction of the president and the
secretary of the treasury. They adj
NIT, however, that neither Mr..
Cleveland nor Mr.. Carlisle had
given out any utterances to
justify this expectation,
and they accept this as
confirmation of Mr.. VOORHEES, as
surance that the bill is entirely his
own. There is well grounded sus-
picion also that if the administration
really feels friendly to the bill the
fact would be suppressed because of
its supposed desire to have the
foreign governments understand
that this country is committed to
gold standard. 1t is asserted by
supporters of the administration
who are not antagonistic
to silver, that it
is the policy of the president, and
especially of the secretary of the
treasury, to thus force England, Ger
many and other European nations
themselves to seek renewal of inter-
national negotiations for a more lib
eral use of silver. This is in accord
with assurances made at the Brus-
sells conference upon Mr.. Cleyeland's
behalf. If this is correct the ad-
ministration certainly will not com
NIT itself to a measure providing
for the further purchase Of silver,
even at time as remote in the
future as that proposed by the Voor-
hees bill. 1t is also asserted that
for some reason the administration
will not be likely to suggest legisla-
ton looking to revival of the in
ternational conference. There are
others who are not so friendly to
Mr.. Cleveland, who hold that he is
on principle opposed to any recogni
ton of silver whatever, and that
without regard to international CO.
operation he will not lend his sane
ton to any measure in the interest
of that metal. This. view does not
correspond, however, with the assur-
ances given out by its adherents
while the repeal bill was under dis
cussion. There is little room for
doubt that Secretary Carlisle will
endorse the first section of the Voor.
hees bill providing for the coinage
of seignorage. He has been anxious
to find authority for such coinage
ever since the treasury deficit began
to make itself so painfully manifest,
and soon after the adjournment of
the extra session he uwtoubtedly had
under consideration the coinage of
this silver without further authority
from congress, believing that the un-
repealed portion Of the Sherman act |
afforded that authority, He seems,
however, to have changed his mind |
as to the wisdom of this proceeding
and is now presumably waiting upon
congress to provide explicit legisla
ton for it. Silver men welcome the |
measure as basis for the revival of |
silver discussion at the proper time,
but say if it is ever passed it must
be materially amended.
Senator Voorhees, bill is for the
coinage of seignorage on the treas
ury stock of silver at the rate of
So 900 900 month, and after the
seignorage fund is all coined the
monthly silver purchase to be re-
sumed sufficient for 81, 900, 900 of
coin per month. A provision is made
for the appointment of commission
ers to another international mone-
tary conference.
The most familiar faces of the
silver leaders were there, including
Gen. Weaver and Gen. Field, of
Iowa; Senator Stewart, of Nevada;
Capt. Kobb, Of Alabama,
leader; Mortimer Whitehead,
lecturer of the national guard;
Martin Freweu, a British authority
on bi metallism, Col. Beverly, Of
Virginia, Judge Sheldon, of Con-
nectieut, and many others. Mail
for Master Workman Sovereign, of
the Knights of Labor, had been re-
ceived, so Mr.. Sovereign himself is
expected later.
In all, the conferees number about
fifty, representing the bone and
sinew of the free silver move
ment. The conference pro-
ceedings are behind closed
doors. Gen. Warner, president
OF the Bimetallic League, said
the meeting would probably last for
several days, as it was intended to
fully canvass the sentiment of the
metalists and reach some conclu-
sion among them as to the course
to be pursued.
--e---~s-~-s-
should Re-Convey the Land.