New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-06
PLANS ABOUT SILVER.
,rp BLAND WILL LISTEN TO NOTHING BUT
$4,000 900 MONTHLY COINAGE.


CHAIRMAN cULBEssoN's COMPROMISE IN PLACE
or THE REPEAL OF TIE SHERMAN ACT.
Washington Jan. 5.-An sorts OF silver propositions
A.. being talked over by members of the House. Mr..
psnd has been approached 4 a dozen members with
,ussestions Of compromise but he goodnaturedly re-
n,ses 10 give heed to the advice offered. return
I. the Bland act Is the chief compromise proposition
ussested 70 him, but Mr.. Bland at present refuses
10 listen to anything less than the coinage Of
100000 worth OF silver month, and to this the
cher side, Of course, will not agree.
The silver men are looking for the first movement
=. come from the other side. The Banking and
ru,rency Committee, Of which Mr. Bacon, of New
York Is Chairman. meets tomorrow and Is expected
A. take up the Andrew Bank and Sherman Bullion
r,,uctase Repeal bill The Democratic members al
~. committee have sounded for their views
IN. bill and this led TO report that majority had
informally agreed TO report the bill with section .,
vnIoh requires National banks TO deposit only
,,mnsI amount OF bonds security for circulation,
n,,ehcn out No such agreement, however, appears
n haye been reached and the indications are that
,he committee will divide pretty evenly on the Ques-
ion Of repeating the sherman law
Mr. Bland when spoken 10 to-day about the posi-
Antics Of the Andrew bill coming into the House,
.xpressed bis entire willingness to have 1t brought
=, Ar action. ave will then fight IT out between
,hat and free coinage" said he Mr.. Bland said that
5. WAS confident the Sherman act could not be re-
..sed without giving the silver men something better
,n Mace Of It. He added that he thought the only
md thing about the sherman law was thnt IL was
s,ndus on free coinage 1t was because the law
v.s doing this that there such an effort making
for its repeal.
Mr. Tracey Of Newly oCk who successfully led Tie
.nunree coinage men last session, rs agreed WIN
Nv GLAND that there Is no need for haste about re
,..lns the sherman law. Z" II does not matter 30
,apc, = he said whether we repeal 1t now OF TWO
v.ars hence. when this Will be ovW'
chairman CulbeTson, Of the judiciary COMMITTEE
uho usually acts cautiously, has prepared Dill ms
oomurop,isc measure which he will offer AS Sub
.ute for auy proposed outright repeal OF the Sherman
law His bill provides for the repeal OF the act OF
Jp,v IA 1890 with a rrovIso that tho lcsal-tender
Quality OF the Treasury notes ISSUED in payment Of
The bullion purchased under said act and the authority
~ the secretary OF the Treasury to redecm SAID notes.
ssa in no wise be impaired lie also PROVIDES ior
~viyal of the Bland bill OF February Is, 1878, ana
.cn,r.s "that the silver bullion purchased by the
ssrtary of the Treasury under the SAID act OF July
"a Issj shall be coined into standard silver collars
% .ast as practicable and coined shall from ulne
~ time BE- covered into the revenue OF the treasury
md further "that the leGatencer notes outstanding
asu.d for the purchase Of silver bullion, shall be re-
deemed as they may be presented at the Treasury out
T the current coin receipts OF the Government ana
when so redeemed shall be cancelled ana destroyed