Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1893-10-22
sgeelal TsIesran to no suaslg R'gIit'r.

speeial Tslerrau 20 tas sunday Register.
WASHINGTON, D. c., October FL
The fgh, is over in the Senate.
The administration has won sub
stantial victory.
The purchasing clause Of the Shsr-
man law will under the arrangement
now practically reached be repealed IN
condltlonaIy, although not immedi-
Rtely.
The repeal will go into effect on the
first Of next October, less than a year
hence, thus letting the world know
how FAR this government means to 20
on its present silver policy and remov-
ing the iistrust engendered by the
prospect that we were TO continue on
Indefinitely paying out gold for pig sill
YER 80 pile up useiessly in the treasury
vaults.
There are strl some details Of the
understanding to be arranged, and there
IS a slight degree Of uncertainty in the
situation, but few people no believe
that anything will arise 10 prevent the
successful consuumation in the Senat
on Monday OF the negotiations which
have been going on for three days be-
tween the different factions Of the
Democratic majority. Already thirty
seven Democratic Senators have agreed
TO support the plan mapped out by the
steering committee.
Senators Hill, Palmer, Villas, Mills
and Mcpherson have up TO the present
declined 20 sign the agreement but they
are not actively opposing and probably
will not oppose the adoption Of the
amended measure.
SENATOR PALMER SAID
as much as this tonight he said,
moreover, that as an unconditional re-
psaler, the regarded the arrangement
made by the 8, ering committee
and accepted by the Dem ocratic
silver Senators as substantially
vindicating the attitude Of
the administration on every essential
point. II fixed a definite time and that
IN the near future, when the present
vicious system Of silver purchases would
cease. II made it clear we did not
mean TO pursue forever the policy Of
buying silver and the world could read
ily Judge whether or not our financial
system was TO be taxed beyond the
point Of safety. These were the points
the administration wished 10 establish
clearly and the proposed arrangement
would establish them 10 general salts
faction.
The fact that the proposal 70 change
the law so as % permit the Treasury to
Issue short term low interest bonds, II
found necessary, has failed,
HAS CAUSED SOME NusGIvINGs,
but these sre thought 20 be grouudless.
1t Is understood Attorney General Oh
ney has given 10 as his opinion that the
present law cOnfers clear powers on the
Secretary OF the Treasury 20 issue
bonds n there is any danger that
through o decline To the gold reserve
his ability 70 maiRtain the parity Of gold
and silver Is threatened.
Compromise as 10 now stands, while
10 q somewhat different form from that
suggested by Senator Faulkner in the
amendment be offered, amounts to
about the same thing. His amendment
would have raised the total amount OF
silver held before the purchases stopped
70 $500, 200, OOO The present arrange
ment will give us a total mass OF silver
something over 500, 600, 900. The
Faulkner amendment provided that no
more notes under $40 in denomination.
should be issued, aud substantially this
provision is in the new compromise.