Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-09-30

Special TslC0rGn 10 M Register.
WASHINGTON, d. c., September o.
Talk OF a compromise on the financial
question in she Senate was stronger
than ever to-day. There are reasons
for believing that many repeal men
have become convinced that the silver
men are strong enough to protract the
fight Indefinitely il a compromise is not
made, and conferences which have been
held among senators for the past few
days have had in view
some sort OF agreement giving
sufficient to the silver men 70
induce them TO permit the matter TO be
disposed or. There Is belief in the
Senate that an amendment 20 the NOor-
hees bill will be adopted, providing Tor
the cot7age OF the silver 10 the treasu-
~ and the purchase OF more until the
whole amount OF silver money reaches
$500, 600, 900, as provided in the Faulkner
Amendments, aud also giving authority
TO the Secretary OF the Treasury TO issue
bonds 70 the amount Of 5000, 600, 900, or
as much thereof as be deems necessary,
90 replenish the stock OF gold To the
treasuiy. II Is said that such prOpO-
sitlon will fOrm the basis OF cOmpro-
mise, which will probably be adopted
BY majority OF the Senate, though
the approval OF the Administration Is
not secured.
In the Senate to-day, one Of the most
prOmipent members OF the Democratic
side add ressed the Senate TO opposition
10 the bin repeating the silver purchas-
ing clause of the Sherman act; Mr..
Harris, Of Tennessee, who took the
ground that its passage was the demon
stization OF silver, and Mr.. Morgan, OF
Alabama, who ridiculed the proposition
OF an international agreement govern
Ing the coinage OF silver, and made
what he called an argument In favor or
the constitutional rights OF the people.
There are now three unfinished
speeches 10 the Senate, all on the side
IF the opponents OF the repeal-thOSs
5f Senator Teller, OF Colorado; Senator
PETER, OF Kansas, and Senator Morgan,
OF Alabama.
Mr.. Cameron, (Rep., Pennsylvania,)
presented petition In the Senate this
morning signed, no said, by IA manu-
facturers OF Philadelphia, representing
SIS. 900, 600 capital, employing 100000
men with y yearly product OF Sl5O,OOO,-
600. in favor OF legislation TO preserve
the protective character OF ihe tariff
and the integrity Of silver as money
metal. The petition favors the admis-
sion OF American silver bullion 20 coin
age upon the payment by the owner OF
~ seignOrage absorbing three-fOurths or
The difference between the London
rice OF bullion aud its value when
ined. IL was printed as a document.
The repeal bill WAS then taken up,
I'D Mr.. Harris Dem, TenneSsee) ad-
dressed the Senate in opposition 70 the
bill He said the passage OF the bill
meant no more legal tender silver dol
lars hereafter, aud that silver should
only be used as fractional currency,
which meant practically the demOnetiZa-
tlon Of silver for monOmetaliiSm, the
gold standard.
He ridiculed the Idea Of maintaining
the parity OF gold and silver, which the
substitute Of the Finance Committee
declares 20 be the policy Of the govern
ment when one meta was degraded by
legislation and the other doomed. He
favored the coinage Of thsentiTe Ameri-
can product Of silver 81 any rate 70 be-
agreed upon, saying that OF l6 70 /
would be satisfactory.
Mr. Harris said that be always under
stood that Mr.. sherman believed and
had stated that the limited coinage pro-
Vided for by the Bland-Allison act
would bring the United States 20 a sill
yer standard and drive gold out OF the
country.
Mr. sherman said he believed as be al
ways had, that the continued purchase
OF silver either under the Bland-AlliSOn
act OF the act OF 1890 without limitation
continuously would unQuestionably
bring the country 20 time when gold
would disappear from circulation and
liver would be the only standard. The
NFree coinage of silver 90 bis opinion
would result In a silver standard. The
act Of 1890 would tend in the same di-
-ectlOn and in time would undoubtedly
tlring the country TO a single silver
tandard. Therefore he favored the
abandonment Of the system.
The Senator from Ohio thinks, "
asked Mr.. Harris, "thst the unlimited
coinage OF silver would drive gold out
. " the country and reduce us absolutely
era silver Standard"
,ro'That Is my opinion" F" was Mr.. Sher-
mans reply.
Then Sir. Harris asked n the Senator
from Ohio thought the coinage Of from
two 20 four millions per month would
5e that effect,
adr. Sherman thought it would in
time and the fear that the country was
approaching that time was one of the
troubles that were encountered this
summer,
Mr.. Harris was glad to learn that the
Senator from Ohio was less guilty than
ne supposed him.
Mr.. harris then quoted from q
oeech by Mr.. Voorhees, delivered on
Fetfuary S, 1898, in which be said that
he would have voted 10 take up the
Sherman bill some days prior 70 that,
bpt that for the fact ats passage would
undoubtedly demOnetlze silver and
leave it supported By not one word OF
hesitation. l thought iJ an outrage TO
ask men like myself and others TO ab-
solutely sweep from under the silver
currency every vestige OF law. That
a. not what We meant a. Chicago"
Al that time Mr.. Voorhees, had said
tbat while he would vote for the repeal
oFtbe sherman act, 10 must be in con-
nsetion with something better.
Air Harris said while ne knew
~ voorhees, was true bimetallist
vanted 70 say to him that he
,.sed she repeal bill, be N