St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-21
COMPROMISE IS DELAYED.
DEMOCRATIC STEERING COMMITTEE
UH6BLE 70 AGREE.
LATEST CAUSE OF TROUBLE.
Disagreement Over the Bond Feat
ure, and Also Over the Time at
Which the Repeal of the Sher-
man Act Should Take Effect
OutInnAr Con E.iuaIu Times and

Which the Repeal of the Sher-
man Act Shouid Take Effect
Outlook for Lively Times and
Uncertain Results.
WASHINGTON, Oct. Cot looked at
4 O'clock today as if the terms of the
Democratic compromise on the repeal
bill had been settled. At o'clock the
situation was slightly changed. and it
became apparent at once that there was
an obstacle in the way of bringing the
matter to a climax. The Democratic
steering committee had resumed its sit
ting promptly after the close of the eX-
ecutive session, and it was given out
that the only purpose of the meeting
was to put the finishing touches upon
the subject which had practically been
agreed upon. Some of the members OF
the committee felt SO certain of results
that they promised the Republican
members Of the senate copy of the bill
for inspection before the adjournment
of the senate. While this copy was not
forthcoming, senators who had retained
their seats in the senate chamber left
IGSlluR CDHIuClib llldI lIlO HlSoouLO
would be concluded and ready for pres
sentation tomorrow.
At o'clock Senator German came out
of the room where the committee had
been engaged and sent messenger fly
ing for some one. He looked puzzled
and disappointed, and declared that
nothing was settled. Soon the word
went around that there was "hitch' in
the proceedings. Sucn indeed was the
case. There was disagreement over the
bond feature, and also over The time at
which the repeal of the Sherman act
should take effect. 1t appears that the
administration forces of the committee
discovered. when the clauses of the pro-
posed bill dealing with these points was
reached, shat they could not accept
them as provided in the document. 1t
is understood that the draft of the bill
taken under consideration fixed the time
when repeal should take effect at the
LIST OF January, 1895, changed the author
iZation for bonds to Sper cent interest
and reduced the time limit on the bonds
to from five to thirty years instead
of from ten to forty, as at present
provided, and confined their use to the
preservation of the parity of gold and
silver. From information received from
others than members of the committee.
but men who have the best means of
knowing, it is considered probable that
the administration members OF the COM
mittee made an effort to have the time
of the expiration of the Sherman law
fixed at the 1St of July, 1894. The same
authority asserted that treasury officials
had said earlier in the day that if the
purchase of silver bullion should cease
on July of next year it would be posi-
bic to preserve the parity without any
action whatever upon the bond question.
and, as some of the staunchest of the
repeal Democrats who are members Of
the committee are opposed 10 the bond
proposition, it is probable that the effort
of tonight was in the direction of reduc-
ing the time of the future existence of
the present law, and the elimination of
the bond proposition altogether.
The committee remained in session
Until a quarter past s. but instead of
having compile ted bill to hand to the
Republican side of the chamber, the
conference came to an end without
reaching any agreement atall, and With
the date and bond question undecided,
but with the understanding that an
other effort would be made, probably to-
morrow.
Some OF the silver Democrats have
said that if their party steering COM
m1ttee did not reach a conclusion bv
Monday they would join with the Re-
publicanS and pass Senator Quay's
amendment. which extends the Sher-
man law until Jan. l, 1896, or year
longer than the best that is offered to
the silver men by the Democratic bill.
On the other hand, Senator Hill says
that he has already received assurance
of large vote for his proposed cloture
resolution on the Democratic side as it
becomes apparent that the steering
committee cannot agree. The outlook
is therefore for lively times and uncer-
tain results if the committee is not able
to satisfactorily conclude its labors at
an early day.