Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-10-23

BE Retired in the Interest of Dads"
Dollar-How the Parties Look at the |
Measure-CapitaI Notes
WASHINGTON, Oct. 23-It is "conces- |
sion," not Compromised that is the |
view taken by the Democratic majority of
the bill which is to be substituted for the
one outlined in the presidents message to
congress. Its provisions are these: Silver
purchases to be stopped Oct. /, 1894; all
the silver seigniorage up to that date to be
coined-expected to reach $50 000, 900; all
greenbacks and national bank notes under
$40, except coin certificates. to be retired,
and their places to be taken by silver
coins This compromise as things stand
can only go through If the minority ac-
cepts it-unless the senate shall adopt
c!oture.
PIedsing Themselves to Vote.
AS soon as the outlines of the bill were
agreed upon the committee wrote up a
form Of pledge which they proposed that
Democrats sign and in which they bound
themselves to vote for The bin. By the
time the committee had completed its sit
ing thirty-seven Democratic senators had
assured OF a sufficient number to bring
the number up to forty-one, leaving only
two more necessary to insure the passage
Of the bill by Democratic votes. The va
rious senators who are holding out against
the bill are said 10 be Mills and Villas, Of
the repeal side, and Irby, of the silver
side. There are senators absent from the
city-Dauiel and White Of California, tcr
lnstance-upon whose support for the
bill they entertain no doubt There are
others Of the repeal men who have not
actually attached their names to the
pledge upon whom the managers count.
Points They Are Pleased With.
The bill, of course, being "A compromise
does not please either side; but there are
points which each side counts as a vic
tory. That clause which stops purchases
OF silver Oct. !, 1894, is the one that the re-
pealcrs cling to, while silver men think
year is long time and even compromises
can be smashed in a perfectly legitimate
manner in that time They think. too,
that the bill !s a silver bill in nea arly all its
! provisions. There is one feature not in
the bill that was fought desperately by the
anti-repealers, and that i a bond provis-
ion. The committees Recommendation
will be put IL the shape Of an amendment
, Of the Voorhees, bill and will probably
Ceive the support Of most of the silver Re
publicans as an amendment while the bill
will as amended be opposed by them.
/ This Is proba hility against the passage
! of the bill; for while the silver men Will
. vote for the amendment and against The
| bill, the ultra repeal men VIII vote against
! the amendment and for the bill.
Silver Fight Only Beeun.
! One OF the advantages which the silver
= h.. -.
them ground 10 stand on wllle the silver
, fight shall be waGed il the future They
say that the silver fight has IN reality only
! begun; that the present bill !, only stip-
! ulat;on for a brief time, and that The issue
! will be pressed vigorously IN the regular
session. The silver men made a strong Ct
fort to extend the Sherman bill TO the
| next congressiau election, but found it
impossible to secure executive approval
for a date later than that mentioned. In
fact this date October. 1894, Is a compro-
mise within d comprUmise-July /, 1894
and January !, 1895 1t Is understood that
the treasury department took the position
that il would be impossible to preserve the
gold and silver parity without bonds if the
Sherman law should remain in force more
than year longer
How They View 1t in the House.
The terms of the proposed compromise
were the subject Of great deal of dis
cussion in the house. The Democratic
leaders express general confidence in the
bill and seem TO feel certain that it will
find favor with both wings of the party in
the lower house. The ultra silver Demo
Gratis of the house like Bland have no
opinion to express for publication, but the
prevailing opinion is that they Will con-
tent themselves with voting against the
measure. The Republicans will be gov
erned largely by what their political
brethren il the senate do. Should the
Republicans free silver Democrats and
Populists unite in their opposition to the
terms of the compromise they could defeat
it, but this is upt anticipated.
OPPOSED BY THE ADMlNlST