New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-15
PRICE THREE CENTS.
THE REPEAL BILL IN PERIL.
DANGER NOW THREATENED.
EFFECT OF FOOLISH DEMOCRATIC ACTION
IN THE HOUSE
SITUATION IN THE SENATE THEREBY c0MPLx'
CATED-MR. FAULKNER's COMPROMISE
AMENDMENT SENATOR DANIELS
FOUR-HOUR SPEECH.


AMENDMENT SEN AToR DANIELS
FOUR-HoUR SPEECH.
.Br TELEGRAPH TO THE TRIBUNE.1
Washington, Sept. Ex-senator Faulkners com.
promise amendment to the Voorhees, Repeal bill
was introduced formally to-day in the Senate by
its adthor who has definitely determined to stick
10 his scheme of conciliaton and harmony, in
spite of the disapproval of the Executive. Mr..
Faulkner will insist in due time upon his plans
being put to the test of vote in the Senate, and
he is confident that as last resort it will be ac-
ceptcd by the opponents of unconditional repeal.
The West Virginia Senator's proposition for adj
dtional, though limited, silver purchase and coin
age has already been widely published and freely
discussed, both in and out Of Congress. In
brief il seems to offer to the silver men, as a
condition of the repeal of the present Sherman
law, the promise of a gradual rather than an
immediate and absolute stoppage of silver pur-
chase and coinage.
Mr. Faullners plan has been msconceived by
many critics, who supposed that he intended to
make the coinage of all the silver bullion now IN
the Treasury precedent TO any further purchases,
thus cutting of the present Government demand
for silver for at least four or five years Inc
amendment in its authentic form provides for
concurrent monthly coinage of the present store Of
limit of $500 OOO, 900 in total silver circulation is
reached While the existing stock is TO be coined
at the rate of 50, 900 month, purchases are
to be maintained at the rate OF 100000 ounces
monthly until the new supply added 10 the old
supply touches the limit of circulation fixed IN
the bill. According to Senator Faullner's figures,
there are now 1882, 900 standard dollars and
$77, 900 Of subsidiary coin, aggregating 1885,
1872, ,OOO TO which must be added the coinage value
Of the silver bullion now in the Treasury, amount
| ing to $l74 100000, ageregatins S6io,332,000,
or $3.50 100000 less than the coinage limit of the
amendment. To reach the limit would necessitate
the purchase of about 90 900 900 Of silver.
which purchase, at l,5j0,000 ounces month,
would extend over period of more than
| five years.
If, in the opinion Of the Secretary of the
Treasury, the coinage of the monthly purchases
as they are made is thought desirable the Faulkner
amendment further provides that the coinage
| limit per month may be raised from S3,0OO,OoO
TO sufficient amount 10 cover the conversion
| of the $50, 900 ounces additional into quarter
| dollars and halves, or even into standard silver
dollars BY the retirement OF the silver certh-
Gates and Treasury notes issued in payment Tor
| the bullion purchased under the act OF July IA,
| 1890, and of all National bank notes under
| $40 Mr. Faulkner expects to bring the entire
silver coinage into active circulation. as well a.
all the So gold pieces at present scarcely seen Ia
| general use.
The only noteworthy incident Of the afternoon
| II, the Senate was a four-hour speech from MI.
Daniel The Virginia orator he'd fattering
| audience and delivered highly successful speech
| in opposition to repeal. So profound was the
impression made upon Mr.. voorhees, by MIR.
Daniels oratory that he cheerfully agreed to an
adjournment when the latter finished at $50
D. m. saying that it would indeed be an lnJus-
tice to ask any else to speak after so remark
able display of genuine cloquence. Ii might ne
added that in the latter portion of his speech Mr..
Daniel had taken occasion 10 refer TO Mr. |oorhees
~ one of the most illustrious champions of civil
liberty in American or other history this bit o.
cuogy prefacing some almost equally fulsome
references to the broad-minded patriotism OF the
silver Senators who had helped two years aso 70
defeat the Federal Election bill. Mr.. Daniel q
pcroration contained a sentence some l,2o0 orl
400 words long, at rough guess, but his speech
WAS vigorous and forcible throughout. and held
the constant and entire attention of more than a
quorum of the Senate.
The ill-advised attempt Of the Democratic
manager, in the House TO rush through the Tucker
bill, begun at to-days session, has had naturally
depressing effect on the fortunes OF the Repeal
bill in the Senate, and unless Mr.. tucker Is
quickly called or by the President the pros
nact Of the passage of the voorhees, bill will be
gravcly threatened. Senator Lodge, who has been
among th, most active in urcng'a speedy vote
on repeal said to-day, when asked what he though
| of the present situation in the Senate:
IL am sorry 70 say that the prospects Of repeal
have leen growing worse instead oi better during
the past week There seems 10 he no disposition
on the part of the Democratic majority in the
| Senate to press matters TO a decision. AS the
machinery is wholly in their hands. it is utterly
impossible to reach vote except by their actloh.
The blame for the present delay in the senate
rests wholly with the Democratic majority when
| controls il The most dscouraging feature Is that
| they appear to be- more concerned about Demo-
cratic harmony than they are about repeal anu
more disturbed about possible divisions IN the
Democratic party than about the business uis'rc''
| of the country.
Far worse. however, than the attitude OF tho
Democratic majority in the Senate Is ,'e a'''V"
which the Democrats have to-day taken IN 'i'o
| IIone They have there brought In Il 'iii ="
repeal the National Election laws now q 'u"
statute books. Without entering INTO uic nc''S
of this proposition, ii is enough 10 say 'i'a' iS
;rtroduction nj this tine seriously and wantonly
imnerils the chances of the repeal oil tie Sherhan
act The only chance for the repeal OF the silver
nvroboso cI.nse lies now, as it always has, in
! non n,rtisan vote The Republicans have SHOWN
IN tb,s r;sp.ct wisely and patriotcally. as thinK'
entire non-partisanshp. They voted SIN to one IN
| Tho Uouse 10 sustain the recommendations oil inc
President. They will vote to sustain him IN the
senate. by a majority of two to one ana medh-
time they have remained silent in the Senate
making no delays by speeches. introducing no par
,;~,n discussion. but standing ready To do every
thing to promote action and to give their votes ior
r.noal whenever they are needed. The Demo-
cratic party, with majority against their own
President on the question OF repeal IN vo.ls
| hranchas now forces &c the front the subject OF
| - ol.ctions LAWS OIL which partIes are more