The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-02
A COMPROMISE ON SILVER.
Both Sides Growing Weary Of the
Long Debate.

Each Willing to Accept Less Than it
Wanted at the Limitation of
Silver Coinage to $500, ,ooo,o ,o0o the
Proposition Most Favorably Re
ceived by the Repeal Men-Over
5000, 900, 900 ofSilver Coin Already
in Circulation.
Washington, Oct. 1.-Just now the sub
| ject of a compromise between the repeal
ers and the anti-repealers is the thing
most generally talked about. 1t would
! seem that the probability of compromise
is pretty strong. This is not because any
compromise that has yet been proposed is
entirely satisfactory to either side, but
| because both sides are tired, well-nigh
tired out, and are ready to accept much
| less than they want in order to get the
repeal business out of their way.
Almost all legislation is the result of a
compromise. This compromise which is
most talked about just now is by no
means bad one for the repeal men. 1t
contemplates limiting the coinage Of silver
to $500 100000. There are now over
5000 00O, 900 in circulation. In the treasury
are stored nearly 184, 900, 600 ounces of sill
yer bullion. Thus there would not be any
necessity for the purchase of much more
silver; the coinage of what bullion is now
in the treasury would make nearly
enough to make the $500 900 600, added to
the amount already in circulation.
1t will be seen that increasing the coin
age to $500, 900, 600 would not involve the
purchase of much more silver, and, there
fore, would not be such a great cOnces-
sion to the silver men after all. The com
promise proposition includes one feature
which is much more of a concession to
the anti-silYer men than the increased
| coinage would be TO the silver men. That
feature is to issue enough additional
bonds to increase the gold reserve to
100000, 900 more. The issue of addi-
| tional bonds involves more sacrifice on
| the part of the silver men than the pro-
posed extra coinage of silver does on the
part of the anti-silver men.
THE STATE BANK REPEAL BILL.
Chairman Springer of the House COM
mittee on banking and currency. which
is now holding hearings on the subject of
repeating the tax on state bank circula-
tion, does not think there is much hope of
the adoption of the bill, He says:
There are so many different views en-
tertained by members of both the COM
mittee and the House itself, that [ very
much doubt if it will be possible to
effect an agreement. Some want the
tax repealed unconditionally, in
accordance with the democratic platform
others want limited repeal; others are in
favor of repeal coupled with federal
| supervision, similar to that now accorded
! to national banks; and still others want
simple suspension of the tax under GER
tain conditions. 1t must not be forgotten
that Mr.. Springer himself is not In favor
of the repeal of the tax, and therefore his
views may be influenced by his desires
! 1t is not at all certain that these appa-
rently inharmonious views may not be
| harmonized on some plan acceptable to
all"
THE M'LAURIN BILL.
The committee has given a hearing tc
Mr.. McLaurin of South Carolina, on his
bill providing for the issue of $125, ,00O, ,OOC
under the act Of 1868. The committee
generally seem to be opposed to Mr.
McLaurin's ideas.
Some members of congress claim that
| the precedents for voting government aid
to private individuals are so few that
there will not be much probability of con.
gress granting relief to the heirs of those
who were killed in the Ford's theater dis
aster, or to the wounded survivors. 1t is
pretty certain, however, that congress
will soon enter upon the consideration OF
the question. Several bills on this subject
have already been introduced into the