New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-26
PRICE THREE CENTS.
NEARING AVOTE ON REPEAL.
THE MEASURE SURE TO PASS.
SENATOR SHERMAN ANXIOUS TO PROVIDE
FOR A BOND ISSUE.

ENDANGER THE CHANCES OF THE
VOORHEES, BILL-MR PUGH MAKES
BITTER ATTACK on THE
-. PRESIDENT.
tBY TELEGRAPH TO rHE TRIBrxR1
Washington, Oct. 25.-Nothing occurred to-day
in the Senate to cloud the prospect Of an early
vote on the Silver Purchase Repeal bill, and
the hope Is now expressed that some, at least.
Of the proposed amendments may be reached
and voted upon before the close Of to-morrows
session. Acting on this assumption, the man
ayers Of the Repeal bill to-day telegraphed to
all the absent Senators supposed to favor ito
passage requesting their immediate return to
Washington OF these absentees Mr.. Allison
and Mr.. Wilson are in Iowa. Mr.. Hale Is In
Maine, Mr.. Chandler is In New-Hampshire and
Mr.. Morrill, reported yesterday in New
York his way back to the capital Mr..
Mitchell, Of Oregon, is the only anti-repealer
out Of easy reach. He is at his home in Port
land. and will probably not return during the
present session. At least seventy votes are
expected to be cast on the various amendments.
and the main question, when put will no doubt
be carried by majority of from ten to fifteen.
The Democratic repeal managers were a good
deal frightened to-day by Senator Shermans
suggestion that an amendment to the Repeal
bill authorizing a bond issue was both de-
sirabe and necessary to put the Treasury
again on sound basis. At the Finance Com.
mittee's meeting this morning Mr.. Sherman
pointedly called the attention of his Democratic
colleagues to the alarming condition Of the
Treasury. described in one Of Mr..
Carlisles recent communications to the Senate.
He referred to the recent depletion OF the gold
reserve by the use Of $40 900 Of II to meet
current expenses, and questioned very seriously
the policy of spending the reserve for any other
purpose than that of redemption.
IMPORTANCE OF A BOND ISSUE.
With the receipts falling daily behind the ex.
penditures Mr. Carlisle had already figured out
q deficit for the fiscal year Of about $50,00o,-
OOO This deficit. Mr.. Sherman contended.
could be made good only by the issue OF bonds,
and he urged vigorously an authorization Of
a bond issue at once to meet and stop the in
creasing drain upon the gold reserve. The
immediate Strengthening Of the reserve, he ar
gued. was almost equally important with the
stoppage Of silver purchases, and no moro
favorable opportunity for securing a bond
issue would be likely to present itself. He sug-
gested, therefore, the attachment to the Voor-
hees bill Of an amendment providing for tho
issuance Of 5000, 200 in bonds, bearing not
more than per cent interest, and redeemabe
at the option of the Government any time af.
ter five years. Fifty millions Of this issue were
to be Immediately available for Treasury pur-
poses. and were to be put out in denomina-
tions OF $50 nlultiples thereof.
Mr. Voorhees, and Mr. Mcpherson. represent
ing the repeal management Of the Democratic
side, were decidedly averse to accepting Mr..
Sherman's bond plan, and said they would not
dare to risk outburst from the silver
Derpo atS nv he rei of
issue in their faces at this time. They de-
cned absolutely to consider the proposed
amendment, and intmated that the bopI issue
could wait for more convenient season. Mr..
Sherman thereupon declared that he would Of
fer the amendment his own account, and
make a speech in support OF II. This threw
the repeal Dem )crats into a temporary panic
and they implored Mr.. Sherman most feelingly
not TO introduce the bond scheme for fear Of
exciting the now sleeping anger Of the Southern
Democrats who were taking unconditional re-
peal as II stood under angry protests and with
wry enough faces. The proposition TO attach a
bond issue to repeal, however necessary and
desirable it might be, would, they feared, prove
too much for the temper and pate nee of the
Southern silver men. and would, as Mr.. Voor.
hess and Mr. Mcpherson represented. do much
to endanger all Democratic support Of the
Rep zeal bill.
Mr. SHERMAN FINALLY RELENTs.
Mr. Sherman, it is said finally over
to promise to bring forward the bond amend
ment. but he is understood to have announced
his intention. nevertheless, to make state
ment showing the absolute necessity Of bond
issue, leaving the Senate TO decide whether
the bonds should be authorized now or the
Treasury be allowed to struggle along with an
increasing deficit and an impaired gold fund.
1t is not certain that the bond amendment will
not be introduced. after ALL either by Mr. Sher-
man or some other Senator who sees in the
fears OF the Democratic repealers only an over
sensitive apprehension of dangers which do not
exist. IL the friends of honest money and sound
credit are strong enough to carry unconditional
repeal, they are strong enough to supple
ment 1t with a bond amendment. and II q
bond amendment cannot be adopted now II il
not likely to be adopted at any later period Of
the session.
or the other twenty thirty amendments Of
which notice has been given only the QUAY
and Faulkner propositions seem at all danger
Gus as possible substitutes for unconditional
repeal. IL Mr. Quays scheme to continue the
Sherman law in force until January l. 1896
should get few Republican votes from other
States east of the Mississippi than Pennsylvania.
IL would undoubtedly carry But with a clear
prospect OF unconditional repeal ahead there 10
little or no inducement to Senators who favor
repeal at all to support any halfway measures
Mr.. Faulkner may or may not offer his amend.
ment 1t will draw few votes, at all eyents.
from the repeal column.
MR.. PuGH FREES HIS MIND
Mr.. Pugh, who had promised to obstruct un.
conditional repeal while breath and strength
lasted" took the floor this morning to make
a frank avowal Of defeat He would continue
to hlibuster. he said. L. he could get anv
assurance of sufficient support. His silver
associates having abandoned the fight he felt
opnsed 10 yield Also though he did IL with
reluctance and from sheer necessity only. The
president and Mr.. Carlisle had divided the Dem.
ocratic party, violated its pledges. and tricked
ana betrayed its representatives In the Senate
The consequences Of this injurious policy he
hoped might be upon their heads
Inc DAY In the Senate, apart from Mr. Puch's
bitter speech was more than usually dull Mr.
stewart and Mr.: Jones divided the afternoon in
the effort to finish their uncompleted sneechss
and a noticeaby scant audience favored them in
their oratorical double turn"