The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-09-12
A SILVER LINING.
MIR. FAULKNER SUBMITS A FAVOR
ABLE PROPOSITION,
Which is Received-It Is to Coin Ss3, 900 900
Month Until the Silver Currency
Aggregates &S,OOO,OOO.

compromise legislation would be enacted
Iii the repeal of the Sherman act. MI.
Faulkner's amendment seems to have put
the senate in more or less of Il good hlmor
The silver senators who have not been
afraid to fight have come out openly Tor
the cause they have espoused and believe
that Mr.. Faulkner's plan will finally be
agreed upon by the senate. Of course, the
out-and-Out monometallists are opposed to
the amendment but they are small mi
nority. At any rate Il vote on the amend
ment will show whether those men who are
now posing as bimetalliSts are realty Sucf.
1896 ,OUO, 900 IA Year.
Mr. Faulkner's amendment provides
declaration by law that the government
will exert its influence to place silver ana
gold Oh a parity. 1t also provides Tor the
additional coinage of silver dollars at the
present ratio and at a rate OF S3,OOo,Voo Il
month until the aggregate OF not less th;in
$SOU,OOO,UOO is reached.
Mr.. Faulkner made a bold and fearless
speech in support of his proposition. Inc
members of the chamber under the ln1lu-
ence of national banks and Wall street
shrugged their shoulders, but the majority
of the senate seem to think that the amend
ment is the keynote to the solution and a
solution of the problem One thing IS be-
coming clear and that is that the silver SEN
atOrs do not intend to yield as readily as
was supposed at first and that they intend
to fight to the last ditch, resolute and de-
termined, as Senator Morgan said to The
Constitution correspondent last week. The
senate is u very different body from the
house. The minds of the members are
made up and they cannot afford to vasclliate
and be whipped into line. either by the adj
ninistration or Wall street.
Thinks L: VIII Pass
Senator Vance was seen by The Consti-
tuition correspondent this afternoon and
stated that he believed the compromise pro
posed by Mr.. Faulkner would be accepted
and would undoubtedly pass the senate.
though he was not so certain about the
house. Still he believed that body would
also accept it. He said the attempt would
propitiate the silver men, and those who
claim to be bmetallists will find this CO.
ncdcs with what they have been preaching
about. Il do not think he continued.
that it is a fair compromise by. any
mems, but as much as we can hope to OBJ
tain under the present administration.
Representatives Discuss 1t.
Though the house was not i'll session to-
day there was Il large gathering of repre-
sentatives discussing the merits of the pro-
posed amendment a number of those who
voted for unconditional repeal say that they
are ready to vote for Mr.. Faulkner's plan
if accepted by the senate. Representative
Bankhead said in regard to it: Mr..
Faulkners proposition to limit the coinage
Of silver is not what the silver men want.
but we believe it is the best thing to be
done at the present time, trusting to future
congresses to legislate more satisfactorily
on this subject. | think the proposition
will be accepted by both houses with the
assurances that it is the best compromise
to be had. All legislation is the result OF u
compromise in the end. 1t is foolish tor
the gold men and those who are urging
them to this extreme view, not to yield to
the conditions. They will have to face an
other question which forces itself upon the
consideration of even those in favor OF I'M
conditional repeal. This is whether the adj
ministraton can afford to bear the odium
of causing Il split in the democratic party
and its organization. If the administration
succeeds in forcing the repeal of the Sher-
man law without any sort of financial leg
iSIation to follow, and refuses TO grant any
thing to the bmctallists. 1t Will certainly
impair the usefulness of the party in power
in carrying out other planlls i'll the plat
form"
Must BE Some Concession.
Several gold senators said to The Consti-
tuition correspondent today that while the
administration could in time force the
Voorhees, bill through the senate. they be-
thus destroying all hope of concession to the
silver men of the south and west.
Secretary Carlisle is quoted as saying that
he is opposed to the amendment. The re-
port is not believed by either his friends or
The silver men. Mr.. Carlisle is wise enough
to know that with great majority Of the
democratic party demanding silver lcglsla-
ton, it would he political folly for him to
bitterly oppose any compromise. The silver
men do not believe that Mr.. Cleveland
would veto the till if presented to nm with
the Faulkner amendment
One thing is certain, the fight is not
lost by any means While Mr.. Faulkners
plan may not be adopted, still it mas brought
out a sufficient majority IN praise OF 1t
to make it reasonable to look for some COM
promise to accompany the repeal or the
Sherman law
Gross Purposes.
Washington, September 9.-(Speclal.)-
When the senate adjourned this afternoon
it was Il week nearer the repeal OF the
Sherman law. But nothing has happened
during the week 10 Indicate when II vote
will be taken. The chief talk outside OF
the speeches on the floor has been with
reference to the compromise.
10 quote much-Jlsed phrase. compromise
"was in the air. today. One of the repuD-
lican silver senators said to me: 1T is
better than nothing The silver senator's
will accept. rather than force, Il straight
issue at this time. 1t will, besides, give
them truce of six years and III that
time they hope to be able to secure what
is their great objoct-free coinage.
On the other hand. the straight-out repeal
senators are opposed to any compromise
measure. They want unconditional repeal
first Then, they say, they will be ready
to consider other measures of financial
character. But their speeches carry With
them no assurances, and it is evident that
the free-coinage men do not take them
seriously.
Asr. Cleveland Is Opposed.
1t is not believed that the president is
in favor of a compromise In fact it is
known that he is not, but there is good
reason to adhere to the statement made IN
these dispatches last night, that the pres'-
dent will not veto bill which comes to
him embodying the plan of Mr.. Faulkner.
Secretary Carlisle favors a compromise
which will provide for the coinage of all
the silver bullion now in the treasury, and
all which may be bought prior to the re-
peal of the purchasing clause of the Sher-
StOOOOO,OOO in silver coin, about $40
100000 of bullion and about $52,00o.O0o
of seigniorage. This will give to the coun-
trv UPWARDS of 5000, 100000 in silver coin.
as much Mr.. Cleveland saws. as the coun-
trv is prepared to carry. This compromise
is considered too weak. and the silver men
will not listen to it.
s,l CARLISLE Al THE CAPITOL.
He Talked with Some Leaders and They
Probably Mapped Out IL Programme.
Washington, September G.-Secretary Car
Us,p WAS at the capitol today and had quite
, conference with some of the leaders of the
h,use after which he went to the senate
and had long talk with Chairman Voorhees,