The times. [volume] (Richmond, Va.) 1890-1903, 1893-10-22
COMPROMISE DECIDED UPON.
70 Repeal The Purchase Clause 10 Take
Effect Next October.
gyLTORS PLEDGE THEIR SUPPORT.
Tie Fact That an Outcome is In eigh'
Received with General satisfaouon'
Provisions Of the Measure.

ne silver question have been practically
AGREED upon. and few moments be-
f.r. o'clock this afternoon Democratic
s.r..ars bcean pledeins themselves in
ertre Go abide by it The compromise
.r-..1 anaa provides that the repeal Of
1s rsr.h irg clause OF the Sherman
... ...1 .ake eject october I, 1894, and
-.,-r. bond question shall be eliminated
entirely
.r silver bullion now In the treasury
and cd chat may be purchased up to the
dime He repeal goes INTO effect together
with he sasnorage. is 10 be coined, save
tr. amount necessary to redeem the out
standing silver certificates. Al green
backs ord treasury notes under ten dol
lars fro value shall De retired and sill
,.r cItGcates OF coined silver dollars
shall uke their place. AS soon as the
Conference Committee reached this con-
l....u. senator's on tine Democratic slde
v.e F.nt for. and there was steady
s.-..m of senators vending their way
t. OLD. committee room, Ar. voorhees,
ig charge of the bill. having ben pre-
,f.u..v and for some time closeted with
Ue committee.
Senators Pledge Their support.
parar was drawn up addressed 20
nfr Voorhees,. senators pledging them
selves that if Dee would move TO amend
his bM in accordance with the outlines
.rag above. they would support II and
r.4 vote for the bill as amended. IL
y.a a noteworthy fact that the silver
senators signed this document althouSh
H.r. were some who did 1t under the
mos. vigorous protestations, looking upon
f.a COMPROMISE. as they expressed H.
.. ar abiect surrender Of all that Tor
-.rfeh thcv had fought these many
weeks. AS soon as this paper has been
srred-its purpose having been pre-
,0uslv discussed with the chairman OF
+ra Finance C0mmittee-the amendment
vu be prepared and introduced in the
Senate.
rp 20 & o'clock, when the Senate took
a recess. thlrty-eeven senators had signed
ra pIedre addressed to Mr. Voorhees,,
fa euuport the measure. This number III
rrudad Mr. Martin. of Kansas who was
counted hv some as a POpulist. Mr.. Mar
rn said uhat ne is and always has been
"a Democrat. and while he did not ac-
guiesce willingly in the conclusion reached
tv tbe conference. he agreed TO it be-
cause 20 was the best he could get.
Hv the coinage OF the bullion and the
substitution of silver certificates for
treasury notes and greenbacks below de-
nominations OF $40. 10 Is estimated the
yolume OF silver in circulation VIII be
increased by one hundred and sixty mill
lions OF dollars. The terms of the COM
promise for the repeal bin were not gem
eruy known I'm the executive depart
mants before the hour Of closing arrived
Secretary Carlisle silent.
Secretary Carlisle was handed the sub
stance Of the compromise, but he pre-
served. as he has throughout this entire
STRUGGLE. "a mastery silence" as far as
making public his views through the press
Is concerned. Others talked or the sub
5.ct however, and the fact that an out
come was in sight was received with
general satisfaction. one Of the cabinet
officers mot Secretary CARLISLE In con-
VarsatiOn subsequently expressed the be-
Uaf that without a clause In the com
promise authorizing the Secretary Of the
Treasury 90 issue bonds up TO fixed
amount. saw one hundred and fifty or tive
hundred million dollars, at a rate Of inter
est that would readily float them abroad
and not have them returned to us In
every little financial furry, the bill woulC
le unsatisfactory as a financial measure
NJ relief.
The clause IN the bin providing for the
retirement of United States notes and
treasury notes below SO was favorably
received I'm the Treasury Department.
The Contemplated Issue.
The retired one dollar. two dollar and
five dollar notes, 1t IS understood, Of
course. are to be converted into higher
d nominations so that the present amount
OFF these two classes Of money I'm circula-
ton win not be affected by the change.
The amount OF United States notes that
win be retired, n the proposed compro-
mise goes into effect, IS as follows: one
dollar, S3G69. 1876; two dollar, S2,994, ,S92; five
dollar f3.95S M4 Treasury notes Of 1890:
one dollar $4679. 7S3; two dollar, $l2S93.-
FIVE dollar, &S.202.2S5. Silver certih-
Gates above five dollars in circulation ag-
rregate about S2)0O00. and under and in
Guiding nves about $3.50 900 600. The plan
as now understood contemplates the issue
u smaller denominations OF silver certih-
Gates for the large denominations now In
use.
Popuiist PETER Talks.
WASHINGTON. ID. c., oct. 2l.-Just as
soon as a quorum Of the Senate was OBJ
tanel dO.3D Mr. PETER continued his
speech in opposition to the repeal bin.
This was his NTH instalment.
Hc closed his speech at l.D with an
expression Of apprehension that, per
h.r" some senators might think he had
occupied a great deal more time In dis
csug the question than he should have
dns
Nr Jones CNev) then proceeded 70
address the Senate in continuation of the
t.eh begun by him last week this being
Ur h.rI iustamcnt of it He said that
Pr should be asked TO explain what
i1 times meant, he would say that
I times meant falling prices. none
gar! il..uess. increasing number Of people
Insane asylums. almshOuses ana
FoHs ana unearned Increment 10 the
ea..r and unjust cxacuOn 90 the bedtor
ana Che d.scouraeement of an business
Enterprises ana projects"
Senator Jones' Argument.
Nr. Jones argued at great length, 20
s-'W taat there never had been too
"lel money gold and silver IN the
"'ili. ana that the value Of money was
.'t las Mr Sherman had contended)
dependent upon It's quality, but that the
y-Ni'y was dependent upon he guam
a'y' hls argument was very close and
i''lu-. and received great attention on
Ae l'or and I'm the galleries lie as
ai.ei ihat the United States had reach
,I the maximum in the production OF sil-
''i' ana he asked whether anybody
doubted that, N AN the gold and silver
ol ihe country were demouetiZed and
'''ap ~ paper money issued 10 take
'NtW place. each OF those paper dol
"'s Nolia be worth three dollars IN
goo e. ihe present day