The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-10-22
STORY or TIE COMPROMISE.
Details ct tho Measure md II, Probable
Eject on fho Currency.

Details OF tho Measure md Its Probnbi
Eject on Tho Currency.
By6s Unt.d Pes,
WASHINGTON. Oct. 21.-The Democratic con
ference committee to-day began its fourtl
days session in an attempt to reach a com
promise proposition upon which the contend
ing factions In that party could agree. Durini
the day a number OF Senators we're heard. ant
1t appeared az IL each Senator had m indie
| pendent suggestion Of compromise. To brinl
| all or these together into one complete meas
ure upon which all could stand was task tn,
| conference committee found exceedingly diff
! icult OF Accomplishment.
| The chief element OF dispute was the date al
| which tho repeal OF the purchasing clause o
the sherman act shall take effect. II was said
that the Administration had agreed to post
ponement to July ]. 1904. but one OF the COM
| mittee DeRatived this with the statement that
1t was the inability OF the committee or any
body else to get the Administration to agree to
anything that caused all the trouble.
In tho moan time efforts to secure the writ
ten request of a majority Of the Senate for the
enforcement OF n special cloture rule applica-
bic to this debate seem to lag. The semi OIL
cial statement made public yesterday TINT the
Nice-President would obey the wish OF ma
Jority OF the Senate whenever II was anthem
tically made known to him has not up to now
brought out any further adhercnts to the plan
which Mr.. Hill originated. Senators who favor
repeal with a conditional string attached to 1t
are apprehensive that the rule could be made
to apply Just as easily to uncondi tional repeal
rs to a compromise measure. and they there
fore hesitate to authorize tho exercise OF this
power Apparently the end Is not yet.
Later the details OF the forthcoming COM
lew moments before / O'clock this aiternoon
democratic Senators began plcdging them
selves In writing TO abide by il. The cnmpro-.
shall take elect on Oct. !. ! s!I. and that the
also provides that all silver bullion now in the
treasury and all that may he purchased up to
IN , ne the repeal goes into effect together
amount necessary to redeem the outstanding
silver certificates All GresnLac ks and Treas
retired and silver certificates or coined silver
do lars shall ia ke their places.
AS soon rs the committee reached this con-
clnsion. Senators on the Democratic side. were
sent for and there WAS steady stream Of Sen
ators vending their way to the committee
having been previously and for some time
GGossted With the committee. paner was
Senators pledged Themselves that il he would
moyo to amend his bill In accordance with the
outlines given above; they would support it
n noteworthy fact that the silver Senators
signed this document. although there wcro
estations. looking upon the com promise. as
q ali .hst for whic% they s'i had icaSht
paper has been signed-its purpose having
been previously discussed with the Chairman
will be prepared and introduced in the Senate.
1t Is hoped by tho conference committee that
every Democrat will sign the pledge and that
ME- voorhees, will act promptly upon its recep-
ton.
!, The Republicans decline to talk in regard to
tho proposed amendment. There is dispo-
sition OF the part Of some OF the Republicans
TO- Tepudls "a , any compromise that eniarges the
protection: The Democrats however. expect
port OF the. compromise bill and force it
Though rp . without the aid Of the minority.
occasions through tho agency Of u trusted
friend. the gentleman SO acting appearing be
NJ; Ono of the members of the committee.
when asked after this last visit Of the repre-
S Would ee
10 the President. said that it was drawn on the
IN Of the snggestlons that emanated from
Up to. o'clock. when the Senate took n |
recess. thirty seven Senators had signed the
Included Mr. Martin Of Kansas who i has st BEEN
counted u by some as Popplist Mr. Martin
While o dd nat sas
In the conclusion reached by the conference. |
ne agreed 10 1t because 1t was the best he |
could get. by the coinage Of the bullion and |
The substitution OF silver rtifcates for Treas
lry notes and Greenbacks below denominn-
lions Of $40 1t is estimate that the volume OF
silver IN circulation will be increased by
$3.50, OOO.UUU.
The terms Of the compromise were lot gen.
'rally known In tho executive departments
before the hour OF closing arrived. Secretary
carlisle preserved: as no has throughout this
through q
Others talked Of tho subject. how
over. and the fact that an outcome was In
light was received with general satisfaction.
isle). 10 conversation subsequently, expressed
he bolief that without clause In the cOmpro-
Mise authorizing the Secretary OF the Treas
iTy to h iSs G bonds up to fixed amount say
crest that would readily float them abroad
md not have them returned to us in every
little financial furry; the bill would be unsatis-
The clause in the hill providing for tho re-
irement Of United States notes and Treasury
lotes below $40 was favornhly received in the
ar, two, dollar. and nve-doller notes. it is I'M
erstood. are to be converted into higher de-
nominations. so that the present amount Of
hese two classes OF money in circulation will
lot be affected by tho change.
The amount OF United States notes that will
e retired il tho proposed com promise goes into
feet 10 a s follows: Onedollar 50 $50. 49, two
ollar. S2M4 800: five dollar. SG395S.sl4. The
etired is as follows: One-dollar. 1859 1888;
wO-dollar. S12.&,3. 502: ve-dollnr. S3S. 2O2.-
81. Silver certificates above 80 in circula-
ion aggregate about 5000 1000. and under
nd including fives about S13O.OOOOOO. The
Ian az now understood contemplates the
ssue Of small or denominations of silver certin-
ates for the large denominations now in use.