Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-08-17
A NEW MEASURE.
The Senate Finance Committee Pre-
pairing One.
STEERING AWAY FROM SILVER
A Report Expected Within a Few
Days.
A GENERAL CURRENCY BILL.

There Is q general impression that some
measure is to be reported from the Sernte
committee on finance tomorrow or the next
day. The committee was in session today,
and the situation was discussed Dy them,
but no conclusion as to action reached.
Some Of the Senators who are in favor Of
repeal, but are not entirely in the conf
dence Of either the committee on finance or
the co-called steering committee, are i'm
Fortunate in their desire to have some
demonstration of doing something made in
the Senate.
Some pressure Is being brought to bear on
the committee for bill to be reported pro-
viding for the simple repeal Of the purchas-
declaration that 1t Is the policy Of the gov
ernment to maintain bimetalliSm. Some Of
the members Of the finance committee ex-
pect such bill to be reported. But those
who are guiding affairs in the Senate expect
to make very different turn in the pro-
cedure there. 1t is understood to be the
policy of those who in the absence Of Mr..
Cleveland represent the administration to
have the battle first fought out in the
House, without any division Of effort be-
tween the two bodies.
The prospects of passing an unconditional
bill through the House are very good, while
in the Senate there seems to be no chance
that the passage Of an unconditional repeal
bill by the House will place them in a bet
ter position for the fight in the Senate and
special movement in the Senate until they
know what the House will do. The leaders
on neither side, therefore are desirOuS of
rushing things.
Will Probably Report a Bill.
The committee on finance will probably re-
port a bill in order to relieve themselves
from any criticism that might attach to
them II the impression got abroad that
they were haggling over the matter and
playing merely for delay. But the plans Of
the managers do not contemplate an imme-
over the repeal bill. The indications are that.
for the time being. the repeal question will
be laid aside and more general financial
proposition will be taken up. 1t IL proposed
to bring into the Senate very soon very
broad measure dealing with the whole fiEan-
cial question and to attempt to pass that
instead Of taking up such q measure as is
now In the House. which deals with only
one phase Of the question.
No Details Given Ont.
The details Of the plan proposed are still
preserved as a secret with the steering COM
mittee, and 1t Is known simply that they
intend to take up a different question from
that presented in the Presidents message.
which will probably be a general banking
and currency bill, including the PROPOSE
ton suggested by Representative johnson
In the House and approved by Mr.. Bryan in
his speech yesterday.
This proposition. in a general way. pro-
vides that any one having bonds can de-
post them IN the treasury ana get notes
on them to the full face value. the interest
on. the bonds to cease for so long as the
notes are outstanding against them. and
the notes to be convertible back into the
bonds at the option of the holder.
The impression Is strengthened today
that no unconditional repear Of the Sher-
man act can go through the Senate ard
this determination to take up another mea-
sure Of relief In its place Is in response to
very general conviction among the ex-
perienced men in Congress that ii is use
less to rely on the repeal Of the Sherman
law