The Providence news. (Providence [R.I.]) 1891-1906, 1893-09-16
.T NEEDS ASSISTANCE.
The Treasury Is Handicapped by the
Delay in the Senate.
A COINAGE OF SEIGNIORAGE
Suggested as . Plan for Anording Re-
lief-Tom Reed is Looking About for
. Scrimmage-Repeal Making but
slow Progress.

WASHINGTON, Sept. 16.-Secretary Car
isle hitherto has been managing the
financial part of the treasury department
under the impression that the silver repeal
bill would be disposed of by the 10th Of the
present month.
He was led to this belief by the repre-
sentations of Senators Voorhees,, German.
Mcpherson and the other administration
managers in that body. and his own
knowledge of the situation. The secre-
tary is now apprehensive that these sena-
tors took too sanguine view. Upon the
idea of its early passage the president and
secretary determined not to urge any
other financial legislation in either house.
The attitude of the opponents Of the
presidents silver policy has assumed such
an unfriendIy phase that the president and
secretary are considering what course
should be pursued If this struggle In the
senate is protracted for 30 or 60 days, as Is
now threatened.
Thus far the secretary has been able to
keep the fiscal operations of his depart
ment in hand; but as the revenues from
internal taxes and customs continue at
such low ebb. he admits that he may be
compelled to resort to some method to re-
plenish the public exchequer. The gold
reserve is still being drawn upon, and gold
Is being paid out to meet the current ex-
penses of the government.
Under such conditions the secretary ad-
mits that he cannot hold out indefinitely.
He has had under consideration for some
time the course he intends to pursue as
soon as the pending controversy in the
senate has been settled.
A Measure of Relief
The first move which he will make will
be to ask authority from congress to issue
certificates on the silver seigniorage. This,
he says, will give instant relief to the ex-
tent of upwards of $50,000,000. He does
not intend, however, TO resort to this ex-
pediency until driven to 1t.
The administration's friends and the
other Democrats in the senate appreciate
the difficulties which surround the secre-
tary, and would like to come to his relief;
but IL must be done. they say, ip some
other way than the repeal OF the silver
purchase clause, as far as the silverites
are concerned.
Senator'S Vest. Cockrill, Call, Morgan,
Butler and other extremists on that side
express their regrets that they are COM
PEELED to oppose the policy OF the presi-
dent whom they assisted to put into power.
They claim, however. that the people who
are behind them insist that they shall
maintain this attitude and not permit sill
yer to be completely overthrown.
Secretary Carlisle is I'm frequent confer
ence with the senatorial managers, who
do not yet abandon the hope of reaching
vote by the end Of the month.
Repesiers' Day.
The debate In the senate yesterday on
the repeal bill was altogether on the af-
firmative side Of the question. Two
speeches were made in favor OF the bill
the first by Democratic senator, Mr..
Lindsay OF Kentucky, and the second by a
Republican, Mr.. Higgins Of Delaware.
Both were uucomnrofhisinglt snA pnr