St. Paul daily globe., 1893-10-20

Busy Day of Conferences EetWeen
Senators and Secretary Car
Iisle-The BiII Will Be Intro
and if 1t should Pass Con-
gress Will ADJ ourn.
WASHINGTON, Oct. Ex-senator
Jones, of Nevada, twtted Senator PETER
as they left the senate chamber after the
session this afternoon on the prospect of
his not getting an opportunity to finish
his speech. AS Senator Jones has also
on hand speech only half delivered,
Mr.. PETER was able to respond iE kind.
This was but the echo of the report
about the capitol that a compromise had
been agreed upon by the Democratic
senators. There is no doubt that this is
substantially correct; yet there is
slight obstruction somewhere which
makes the committee cautious about
giving out the details. 1t is believed
the president has not yet expressed his
approval of the substitute proposed, and
that there are members of the committee
and of the senate who desire his ap-
1t may be stated, however, that the
members of the senate on both sides,
without exception, regard it as settled
that measure is in course Of prepara-
ton by the Democratic steering COM
mittee, the conditions of which, except
as to details, have been practically
agreed upon by the entire Democratic
side. Senator Voorhees,, VINO, as the
leader of
THE REPEAL FORCES,
could have no part in an effort to secure
compromise, showed that he considered
the end near, and, when questioned, re-
piled that he would not be surprised If
the days work should produce impor-
tant results. Senator Cockrell, the
leader of the compromise forces, was
also cautious. He admitted that the
steering committee had the subject
in hand, but declared that moth
ing had been accomp pliShed. The
committee was engaged until
o'clock today in the room of the senate
committee on appropriations consulting
among themselves and with individual
senators. At that time they strolled out
treasury department, where supposedly
they had conference with the secre-
taIy. After leaving the department
some of the members of the committee
returned to the capitol, but Senators
Blackburn and Ransom were not among
this number, and the rumor was abroad
that they were calling on Mr. Cleveland.
1t is believed that the committee re-
ceived some encouragement at the
treasury department., for after Mr..
CockrelPs return he again set to work
upon the proposed bill. calling in sev-
eral Democratic senators, including
Jones, OF Arkansas, and Harris and
Camden, TO help him.
The bill is substantially the same as
was reported in these dispatches earlier
today. 1t provides for the repeal Of
the
SHE RDIAN LAW,
but removes tie date at which the re-
peal will take effect until the 1st Of
January OF the 1st of July, 1895; it re-
tires the treasury notes below 50 or $40;
it coins $54.0O0,000 OF silver seignOrage
now on hand; IL makes the purchase of
100000 ounces of silver per month
mandatory. There is some difference
OF opinion as to whether the date of
limitation will be fixed at the end of the
calendar year of 1894, or at the end of
the fiscal year in July of 1895.
There is also wide divergence of
views as to the bond question. There
are great many senators on the Demo
cratic side who are anxious to eliminate
the bond question from the bill entirely,
and if Secretary Carlisle will only say
that the parity of gold and silver can be
preserved without bonds the question
| will not be touched. The proposed law
Will add only about Sl30,000,000 TO the
| silver circulation, counting the seignor-
age, and supposing that it will cease its
operations the 1st of January, 1895,
and some think it will be unnecessary to
do anything at all about bonds.
| Ii the question is handled at all it will
be dealt with indirectly by confirming
the right of the secretary of the treas
| ury to issue bonds under the act of 1875,
limiting the amount to 20O,000,000, the
interest to per ceut and the time to
five years, and providing that the bonds
shall be used only to strengthen the
gold reserve and not for banking pur-
| poses.
There is a difference of opinion as to
the time the proposed bill will be in
troduced in the senate. Some think it
may go in tomorrow, others say it will
be submitted to Democratic caucus
| first, and that at any rate it will not be
introduced before Monday. There is a
general feeling that the bill should be
put upon its passage as soon as possible,
to prevent further harsh feeling. In
deed, it is understood that the committee
has had in mind the Importance of put
ting stop as soon as possible to this
exhibition on the part of Democratic
senators, and it is an open secret that
this has had a great deal to do in forcing
an understanding.
If the bill should pass it is regarded
as certain that congress would immedi-
ately adjourn.
HALL AND KIE FER.