Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1893-09-20
A COMPROMISE.
Senator FaulSaer's Bill to Set Silver
Coin in Circulation.
The Enl WIZ Withdraw From Circulation
All Notes, save the Legal ,'~nder. Grccn-
backs OF Less Than Ten Doiiars. aud
substitute inst-ai silver colin.


WAsuNeroS. Sop. iS.-Scnatoi
taulkaer's amcndnen; - the pending
financial bin, TO which ac referred the
other day in his speech is looked upon
IN some quarters as the possible solu-
ton OF the present difficulty. This fact
wlll. IL is thought, tend t. loosen the
tension of the contcnding forces some
what and create feeling OF friendli-
ness that Is supposed To prcccde recon-
citation aud compromise.
Mr. Faullsner's amendment with
draws from cirulation all notes. save
the legal tender grcenbaclSs, of dcnom-
nations less than $40. and substi-
tutes in their stead silver coin.
so that there can be no expansion Of
the currency except as provided in the
further sections of his amendment lie
believes by the withdrawal 81 these
notes that silver dollars and Eve and
two-and-a-hah gold pieces will circu-
late alongside Of each other in the orii-
nary course OF trade.
He provides FOR the coinage OF silver
up 90 an aggregate Of $500. 600. 600. and
when inlt amount is reached the coin
age OF silver viii cease absolutely. The
present aggrcgatc1s,of silver coin. in
GLIDING Subsidiary coin. amounts TO
s6i5,ooc,co0. So that the increase under
this amendment viii bc SiS5, GOO 600
Coinage n Co bc done az the rate Of
$4,000 GOO a month, and at this rate II
WI take more than three years TO coin
-he scirnioragc and bullion now in
the treasury. the estimate being made
OF course on the coinage value OF the
bullion.
When that period has elapsed the
secretary il dirctccd 20 buy silver and
coin il at the same rate. until the limit
designated shall have been reached
Mr. Faulkner computes that 10 accom-.
plish this viii take about seven years.
and by that time we viii have been
able TO determine what the future
policy Of the government regarding
silver shall he. rs that time also the
results of any international conference
Will have been accomplished. and IL an
agreement is o. be made the details
can be arranged in ample time 20 meet
the future.
This, in brief, IS what Mr.. Faulkner
seeks 60 accomplish. and 20 that end he
VIII lend his best endcavors, believing
that this is the only solution toward
which all factions can net in harmony.
According 10 the present programme IL
u understood that President Cleveland
VIII be waited upon by number OF
senators for "A conference regarding the
situation in the senate.
The senators will represent the CON
sorvative element, and VIII favor a
compromise. II viii be rcprcsc nted 20
the president that such bin ms Is con-
tempiated by the senator from West
Virginia can he passed through both
houses in twenty -four hours. and that
10y this means the present discussion
Of the financial question Will be ended
for several wears. and the country will
know exactly the conditions IL has to
meet
careful canvas Of the senate has
been made, and IL j. believed los the
canvassers that such compromise
viii be accepted by the silver men.
while at the same time many senators
from states whose people have a
leaning toward silver but who have
spoken for repeal, will hail II with de-
light
These senator's. trusting in the judg-
meat Of the president have declared
their intention OF voting no he has sue.
gcsted. but their enthusiasm H. not 81
that sort that viii lead them 60 stand
out for all time. and insist upon that
which their own Judgment tells them
is not for the best interests OF THEN
people or OF the country in general