The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-05-05
He SE ERMAM AM

WASHINGTON, May 4--As result of his
New York AID Chicago visits, President
Cleveland is Thoroughly convinced that
the business interests of the country de
mand the repeal of the Sherman silver pur-
chasing act and he is more than ever de-
termined to bring about such action at the
earliest date possible after the new con
gress conYenes. The president had long
talk with Seutor Vest when the senator
called at the White House to look after
certain appointments in Missouri In the
conversation that eusued the president an
nounced his firm belief that the Sherman
act will be repealed by the next congress.
Senator Vest differed with him. and in
sisted that the silver men would certainly
demand some sort of compromise. The
president suggested that he would prefer
4 return to the Bland act rather than sub
Ject the country to further embarrassment
under the existing law.
Senator Vest said afterward that there
Is not The slightest foundation for he re-
ports published that he had changed his
views on the silver question in accord
ance with the presldents's wishes
III return for few federal
appointments. He has not changed his
views on the silver question, he says, but
he Is not in favor OF conducting the
4liltAbOES VI liz EOh ibt iuE SOle
benefit OF the silver producing states He
Suggests that the silver problem might be
solved by increasing the present ratio OF
gold and silver from sixteen to one to
twenty to one IN addition to providing for
the free coinage OF silver. This proposition
vii! not be acceptable 10 the silver pro
ducIug states. the senator thinks, aud
perhaps Mr.. Bland may not sanction it,
but there are a number OF members OF
congress who are believers IN the free and
unlimited coinage of silver who would
favor such proposition. By this meaus,
Senator Vest calculates the commercial
value OF the silver dollar would be in
creased. i ne legal value IS at railo Of
sixteen to Que, buf experience has shown
that 1t Is not sufficient to make it accept
able commercially on an equal footing
with gold. That IS demonstrated by the {
fact hat he producers OF silver demand /
gold in payment for the silver they sell to
the government.
Senator Vest contends that some con
cessious Will have TO De- made 10 the silver (
men in order to accomplish any change in I
TIE financial laws during the coming ses- 4
sion o. congress He Is satisfied thAC az
extra session viii be called during the .
early part Of September. bat
not before Nj Vest says that
Senators Voorhees,, Butler and other Dem
ocratlc senators, who are siucere Iu their .
ILstNJ cA Tree ssihels atC IL AdftE Ni ia- Z
cIeaSiug the ratio as means OF bringing F..
about repeal OF the obnoxious Sherman
act. Senators aud representative irom
the agricultural producing states cannot f.
afford TO iegi>laie wholly ia the Interest OF /
the producers Of silver.
The president : uot tarorably inclined
toward Senator Vests plan, Out insists
that tie Sherman law ought 20 be repsa ed .
without committing the party 10 free slt-
yer. In n recent conversation between the /
president and Senate. BI'ser on tbs ssue
subject the South Carolina senator, ~ aG-
ultiDn TO advocating an Increase IN tGe
ratio OF silver, suggested thai compr0-
mise might be reached with tue Tree silver
men OF the southern states bT carrying out
the provisions Of TIE national Democratic
platform relative 10 The The tax On state
banks Senator BG1ieF eoutended that il
was impossible TO rrsBg about rrP=s! q i
the ; herman act unless somelhtn- ia Sic T.
chzr4cter o "A compromIse ! offered to he
people, who are clAmoTtn- for more money
and are convinced that tue free coias,s u
silver or 4 repeal OF Ae bans lax vii al
ford them tae relief they waat.
Senator Faulkner of West y tgiRis, who
! free SILVER ul2n. : also - favor o. ~
cCsaslng tAe ratio a. means CI improving
the commercial quality of silver.