The Durham daily globe. (Durham, N.C.) 1889-1894, 1893-10-21
WASHINGTON NEWS
Mr.. Bryan, of Nebraska, Suggests a
Compromise
And Compromise Will Probably Be the
Thing.
LET THE COMPROMISE BEGIN NOW
The People of the South Are for Action q
Some Sort and Hope the Agony
Will Soon End.

The People OF the SOuLn are 1OE L ~
Some Sort and Hope the Agony
Will Soon End.
WASHINGTON, October 21.-[Special]-
Representative Bryan has invented a
compromise upon the silver problem. He
stated to The GLOBE correspondent in
his terse language:
"Itseems now certain that a compro
mise of some kind will he obtained. |
hope it will be such acompromise as will
recognize the principle Of bimetallism.
The democratic platform said I'VE hold
to the use of both gold and silver as the
standard money Of the country etc. The
republican platform expressed the same
idea in almost identical language, saying:
'The republican patty demands the use of
both gold and silver as standard money
etc. 1t would therefore seem necessary
that the compromise, unless both plat
forms are to be repudiated, should TccOg-
nize both gold and silver as standard
money. A reasonable basis for compro
mise has been suggested and could be
adopted, without the sacrifice of principle
on either side, if the friends Of repeal are
sincere in their declarations in favor of
bimetallism. Let the compromise meas
ure provide for the unlimited coinage of
gold and silver at the present ratio. This
will satisfy the silver men.
Then to quiet the fears of those who
think we would be deluged with silver
from abroad, or that an increased price
would flood US with home produced sill
yer, seigniorage could be agreed upon.
The silver men would want it as small as
possible the gold men would desire it as
large as possible, but they could probably
come together on an amount between 20
and 80 per cent. l believe that 81 per
cent would make the bullion ratios about
81 8 to 1, which is substantially the rate
fixed by the Indian council when it sus-
pended the coinage of silver. This seig-
niorage, while it does not destroy the
principle of bimetallism nor interfere
with the automatic supply Of money, al |
lays the fears. | believe such fears are
%groundless. OF those who believe this
country would become a dumping ground
for the worlds silver, such a solution of
the question, while not so satisfactory to
bimetallists as free coinage would, be
more satisfactory than unconditional re-
peal, and while o so satisfactory to tie
repealers as unconditional repeal, it would
be more satisfactory than free coinage.
ut must be remembered that a majority |
Of the democrats in the house preferred
the restoration of the Bland act to uncon-
ditional repeal, and that they only voted
for unconditional repeal after a majority
of the republicans had prevented their
obtaining the Bland act. 1t must also be
remembered that a majority of the demo-
cratic senators, even if some of them vote
for unconditional repeal, desire the coin
age of gold and silver on equal terms.
The compromise suggested is not
original with me, but commends itself to
my judgment as the most reasonable basis
for an agreement. Any plan which pro-
v;des for the purchase of bullion simply
substitutes one cowardly makeshift for
another; any issue of bonds to buy gold
is open not only to the objection that it
unnecessarily increases the public debt in
time Of peace, but it would be accepted
as a declaration that the government does
not regard silver as the equal of gold, or,
in other words, holding to the use Of gold
Only as standard money in violation to
the declaration made by the national plat
form Of all the parties, will the people
hold their representatives guiltless if they
disregard the pledges so recently made ?"
When Nature
Needs assistance it may be best to render
it promptly, but one should remember to