The morning call., 1893-05-06
1T MUST BE HIS WAY.
Cleveland Is Opposed to the
Sherman Act,
And He Therefore Thinks That the
Rest of the People Should
Oppose 1t Also.
Special to THE MORNING CALL.

WASHINGTON, D. c.. May st was de-
cided by Cleveland ana Carlisle to-day that.
so far as the United States is concerned.
the posiponement of the international
monetary conference until November is
desirable, and this Will be communicated to
the other countries. The President be-
leves by that time the views of the people
of this country Will have greatly changed.
so that an agreement can be reached at
Brussels.
Senator Vest had a long talk with the
President to-day on the financial situation.
He found him very earnest in his advocacy
Of the early repeal of the Sherman bill and
he told the President frankly that he did
not believe that act could be repealed unless
there was some other measure TO take its
place. He suggested that a substitution of
the Bland bill would probably be accept
able to the great mass Of advocates of silver
coinage.
The President said that he had never
liked the Bland bill, but of the two evils he
would much prefer it to the Sherman act.
me President, however, would not admit
that the Sherman act could not be repealed.
He said a great change had taken place in
the last two months among the advocates
of silver as to the wisdom OF the continu-
ance of the measure. Cleveland is inclined
to believe three or four more months eX-
perience of a character similar to that
which the business interests have had will
create such a public demand that repeal
will not be so difficult as is imagined.
Senator Vest suggested a plan which he
thought would accomplish all that the mod
crate silver advocates required. A sena-
torial friend, he said, had prepared bill
which he proposed to introduce as soon as
Congress convened. 1t proposes to increase
the ratio from sixteen to twenty, and then
to allow free coinage at that ratio. He said
he would cheerfully vote for that, but fe "
of the eXtre mists, like Bland of Missouri and
Stewart Of Nevada. would oppose it. They
demand nothing short of the unlimited coin
ago of silver. He believed that those who
have heretofore advocated that policy would
accept this as a compromise.
The President said he had not thought of
the subject in that light, but If it would
bring the two metals nearer to a parity il
might tend TO solve this problem. The
President holds 10 the opinion that the only
wise and safe thing to do is to repeal the
Sherman act as soon as possible.
Senator Jones OF Nevada. who is the ost
radical advocate of silver except Stewart
said that the proportion Of twenty to one in
stead OF sixteen to one, as suggested by
Vesr, might accomplish what the advocates
of silver desired He was not prepared to
say whether he would support that COM
promise, but thought it was an advance
step and in the right direction. Jones,
when asked whether he would return to
Brussels and finish up the work OF the con-
ference as requested by the President, said
very emphatically that he would not He
did not intend TO take part in conference
with foreign representatives, for the pur-
pose OF regulating the subsidiary circulation
OF silver. and he was fully convinced that
nothing could be accomplished which would
increase the value Of silver in its relations
to gold,