St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-22
SOLVED BY JHE SENATORS.
DEMOCRATIC MEJORITY AGREE UPON
A FINANCIAL BILL.
WILL PRESENT 1T MONDAY.

No Bond Issue or Treasury Seign-
orage Coinage-Repeal to Take
Effect in October, 1S94-The
Measure Is Expected to Go
Through Both Houses During
the Coming Week.
WASHINGTON, Oct. 21.-The Demo-
cratic majority has agreed upon bill,
and is now delivering itself to the end
that it may be passed. When the COM
mittee completed its sittings today,
thirty-seven Democratic senators had
pledged themselves to support the
measure prepared by the committee,
and the managers felt assured when
the senate adjourned today of suffi-
cient number to bring the number up to
forty-one, leaving only two more neceS-
sary to insure the passage of the bill by
Democratic votes. The various senators
who are holding out against the bill.ar
said to be Mesrs. Mills and Villas, of the
repeal side, and Mr.. Irby, of the silver
side. There are senators absent from
the city, Messrs. Daniel, White, OF Call
fornia, for instance, upon whose sup
port of the bill they entertain no donbt.
There are others Of the repeal men
who have not yet actually attached
their names TO the pledge upon whom
the count of the managers ls>made, and
they expect to secure the names of all
the Democratic senators, and will rush
the bill through as party meas
ure and without calling upon the Re-
Lal, nj En
Republicans hope that the Demo
Gratis will succeed in this accomplish
ment, for the bill is one which does not
commend itself to either the repeal or
the silver faction in the Republican
ranks. The repeal men are pleased only
with the clause to limit the silver pur-
chase to a year, while the silver men
find in this
REASON TO HOPE
for a further extension Of silver pur-
chase, and think it better than uncon-
ditional repeal, and that III all its pro-
visions except that proposing time for
coming the purchases of silver bullion,
altogether it provides for an increased
use of silver as money. but this is by no
means what they should have received.
The committees recommendation will
be put in the shape of an amend
ment to the Voorhees, bill, and
will probably receive the sup
port of most of the silver
Republicans as an amendment, while
the bill will. as amended, be opposed by
them. This is a probability against
the passage of the bill, for while the
silver men will vote for the amendment
and against the bill, the ultra-repeal
men will vote against the amend
ment and for the bill. The ma
ioritv of the ultra-repeal Republicans
would probably accept the bill if it
made bond provision, and on account
of its omission may oppose it as party,
1t seems more than probable that Demo
Gratis will get the concurrence of their
entire party in the senate: the Repub-
| licans will make no effort at united ac-
ton. The silver men, if all parties are
pleased, Will accept the bill.
THE SILVER MEN
made strong effort TO extend the Sher-
| man bill to the next congressional cleo
tion. but found it impossible to secure
executive approval for a date later than
that mentioned. In fact, this date,
| October, 1894, is compromise within
compromise. July l, 1894, and Jan. l. 1895,
1t is understood that the treasury de-
partment took the position that it would
be impossible to preserve the gold and
silver parity without bonds If the Sher
man law should remain in force
more than year longer, and that it
was this argument that induces the sill
yer men to yield as they did for the ex-
tension until Jan. 1, 1895.
AS at present arranged, the bill will
expire in the midst of the next congress
sional election, and it is going to be
very difficult to keep it out of the cam
palgn. AS it is. there will probably be
an effort to amend the amendment in
the increase of the purchasing time a
year, and the silver men think it pos
sibIe that they may get Republican sup
port to put this through, but, all circum-
stances considered, this is hardly prob
able.
One of the advantages which the
silver men find in the committees
amendment of the original bill is that it
gives them ground to stand on while
| tho cilvar fScrht chall ba yuoUad in tho