The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-10-15
MAY END THIS WEEK
The Long Struggle in the Senate
Probably Near Close.
Renewed Efforts by the Leading Demo-
Gratis to Effect an Agreement by
Passing Compromise Bill.
ADMINISTRATION MEASURE
Incidents Of Yesterdays Session
ADMINISTRATION MEASURE
Incidents Of Yesterdays Session
of the WearisOme Senate.
Speech by Mr.. Jones, of Nevada-Repeal-
ers Tricked by Silverites-VOOrhees
Not Yet Begun to Fight.

WASHINGTON, Oct IL - To-day has
been pregnant with rumors of compromises
and agreements on the silver question.
That Senator's representing various fac
tions had been together was an easily as
certained fact, but the result of those con-
ferences is, in many cases, a matter Of
pure conjecture. Still, enough is known to
lead to the conclusion that mutual con-
cessions were made, and the statements
of Senators justify the hope that before
next week shall have passed into history
there will be a forward movement toward
a settlement of the question that has been
vexing the Senate and the American peo-
cannot be said. but the idea that meets
with most favor contemplates the follow
ing provisions: The repeal of the Sherman
act to take place four years hence, the
purchase of silver bullion being meantiml
reduced to something like 100000 ounces a
month; an amendment to the law of 1876
authorizing the Secretary of the Treasury
to issue bonds; that such bonds shall be
redeemable five years from date and that
the interest shall not exceed 31f per cent;
the retirement of all treasury and other
notes under $40 in value when they shall
course Of business. and the substitution
therefor of silver certificates or coined sill
yer. the bullion now in the treasury and the
seigniorage to be coined for this purpose.
The continuous session of the Senate, be-
ginning Wednesday IS not felt to have been
so decisive on either. side as was expected
The repealers are disappointed at the ca
pacity of the silver men to make speeches.
The silver men had hoped that when this
was demonstrated to the repealers they
would conclude to abandon the bill or con-
sent to postpone it's further consideration.
The result is practically a drawn battle.
All except a few of the extreme repeal
men admit that the only way out is by
compromise. Some time next week is set
for the end. Senator Faulkner says Wednes-
day or Thursday. Others think it will
be by Monday or Tuesday. 1t is hoped to
bring all Democrats into line on a compro-
mise by that time and make it a party
measure. The limit of silver to be coined
will doubtless be fixed at S700, 900 or $500,
100000. All small notes will also be retired
and all gold coins below So The Sec
retary of the Treasury will be au-
thorized to use bonds now in the treasury
to increase the gold reserve to $500, 900, ,OOO
at per cent. interest. The bill referred to
in these dispatches yesterday as being ap-
proved by the Cabinet, and which is being
prepared at the Treasury Department, is
on those lines, but it limits future silver
purchases TO $50, ,000 The story finds con-
iirlnaton in the fact that Director of the
Mint Preston was closeted with Senator
Cockrell at the Capitol for several hours
to-day.