The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-08-18
ACTION IN THE SENATE.
4 REPEAL BILL TO BE REPORTED BIZ
THE COMMITTEE ON FINANCE

II Provides for the Unconditional Repeal o
the Sherman Act. Coupled with Decin
ration In Favor or the Continued Use 81
both Gold and Silver ne Legal Tender
and that All Orr Forms OF Money Shouit
He Maintained Mt = Partty-sonntor voor
hee- Join. tho Anti-s5iiver senators II
Voting Tor the RnI In Committee. and
May Report n to the Senate To-day and
Ask that n Day he Fixed for Vote
WARRINGTON Aug. 1.-THE Senate Commit.
| tee on Finance held protracted and lively
session this morning and adjourned to meet
| again to- morrow. when II 10 quite likely that
an agreement will be reached with regard to
the terms Of a financial bill to be reported to
the Senate at once. II this action is taken the
formal discussion OF tho silver question may
| begin early next week and the contest precipi-
| tated in the Senate in advance OF the disposal
ofthe Wilson Repeal.bill by tho House Of Rep
| resentatives. The outlines OF the bill to be
| agreed upon and reported blythe Senate FL
nance Committee have already been agreed to.
| It provides for tho unconditional repeal Of the
| Sherman act and will probably be accom-
panied by the declaration that the Senate
stands by the silver plank OF the Chicago plat
form. That plank. after denouncing tho Sher-
| man act, reads as follows:
We hold to tho of both gold and silver as the
standard money OF the country and to tho onage OF
both gold and silver without discriminating against
either the metal charge for mintaRe but the dollar
unit OF coinage for both metals must be OF equal In
trinsc and exch value be adjusted through
| int irrational agreement. by such safeguards of
legislation shall insure the maintenance of tho
parity OF the two etas and the equal OF every
dollar at all times In the markets and tho
OF debts and demand that all paper currency shall
liant rvvif 1, rpfa htA In hrntn W.
insist upon this policy " especially necessary for the
protection OF the farmers and laboring classes the first
and defenceless victims OF unstable money and
huctuatIg currency.
This declaration Of principles will OF course.
not have any effect upon existing law. so that
II the Senate should agree to the report OF tho
Finance Committee they would vote simply to
Internationally repeal the Sherman act But
this they will not do. unless the situation
should change very materially from what 1t is
to-day.
The practical agreement Of tho members OF
the Finance Committee in favor OF the meas
ure. as above quoted. was made possible by
the Chairman OF the committee. Mr.. Voorhees,.
voting with tho anti-silver mon. Those who
stood with him in favor Of the bill were Senator
Mcpherson OF New Jersey Democrat. and Sem
ators Allison OF Iowa. Aldrich Of Rhode Island.
Morrill, OF Vermont, and sherman OF Ohio. Re-
publicans. Those opposing the bill were Sem
ators Harris Of Tennessee. Vance OF North
Carolina. Vest OF Missouri. and Jones OF Arkan-
sas. Democrats. and Senator Jones Of Nevada.
Republican.
The action OF Senator Voorhees, was n great
surprise to his colleagues in the committee
and in the Senate. 1t had been understood
for several weeks that he was in favor Of the
repeal OF tho Sherman act. or. at least that he
would vote for its repeal: but 1t is also known
to be fact that as recently as last week. he
showed to some Of his colleagues a speech
that he had prepared and which he intended
to deliver In the Senate. wherein he asserted
in tho most emphatic language that under no
possible condition OF things would he vote for
the unconditional repeal Of the purchasing
clause OF the Sherman act. His course to-day.
therefore. has attracted much adverse criti-
cism. particular on the part Of the silver Sena
tors. some OF whom accused him OF having
made a most unaccountabe change OF front in
the face Of the enemy
The fact that the Finance Committee has
agreed upon a bill. and that they may report 1t
tomorrow. does not mean that the steering
committee is any more sanguine OF harmonic
ing the party in the Senate and securing ma
time during the last fortnight. Indeed. it is
difficult to lind a Senator on eithor side OF tho
chamber en- IN who Is willing to claim, thata major
bill providing for unconditional repeal even II
such measure shoul d he sent over from the
fore continue its work OF arranging some COM
promise that can ,i be agreed to in the sen
OF the action OF o conference com mittce. " Itch
is. after all. the body that will finally arrange
are. however. Very much dsappointed at tie
agreement reached in the Finance Committee.
for % hfs r sSn VENT t dnx the last
vance behind the doors OF the committee |
room by holding Senator, Voorhees, 70. the
repeal from securing a favorable report from |
the com mittee Thoy regard the Senator's al
cause. aud admit that it viii give them a hard
err light than they had expected They are |
anconJite naI repeal. however. because they
know that majority OF the Senate will aid |
we'll illustrated by the Informal consultations
that have taken place with regard to the prob
reported. Senator McPherson Of New Jersey.
for INSTANCE; bias EXPRESSED himself in CONVEX:
apply me cloture rule When this TACT be-
game known to his colleagues on the Finance
him with having been an opponent OF cloture
at the time the Republicans attempted to pass |
ss but 1sps Sat by the New
now hecaus. OF the oyerpowering neoese
financial situation. An Eastern Republican
Senator. who is q strong ant-Silverits, there |
upon suggested that 1t would not he necessary |
to apply clotureto pass the financial meas
ure II Vice-lresidont Stevenson would but do |
his duty. and put the question Of a vote when
the proper time came. dlsregarding the pro-
test Of the silver men who might attempt to |
obstruct and llbuster. In answer to this |
suggestion the fiery Nevada senator lntimatcd
IN very strong language that II Vice President
Stevenson or any other presiding officer should |
attempt to ignore tho rights OF Senators. and
disregard the rules OF the Senate in this way,
the non who sought 10 prevent vote would
not hesitate to eject him from the chair and !
from the Senate chamber.
This announcement OF Senator Jones' while
perhaps little extravagant serves to show
the feeling Of the silver Senators. They en-
press absolute confidence In their ability to
secure some compromise legislation by n
straight.out vote. but are prepared in case Of
lowed by tho Senate rules. and after that to
fight. II need be- for their parliamentary
rights.
Senator Voorhees and the other AdmInstra-
tion senators-for Mr., Voorhees, appears to be
OF one Of this i, class now.are much disappointed
tional banks to increase their circulation to
the full amount OF bonds deposited, and they
are so impressed with the importance OF this
measure Mt tho present time that they will I'M
"A H. .II 4 90 49, L.Nz. H.