St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-09

Bonds on Deposit.
WASHINGTON, Sept S.-No cloture,
but compromise. The last extremity
of cloture is not to be invoked by the
American senate. A heavy majority of
the members are i'll favor of uncondi-
tional repeal, but this majority has
been carefully polied, and il has de-
clared that the conditions are not such
as to warrant the radical departure from
the time-honored traditionsof the SEN
ate that woald be necessary to secure
cloture of debate and force the repeal
bill to the final vote. To one unfamiliar
with the situation, the events OF the last
few days have been uninteresting, and
have consisted chiefly IN sonorous de-
bate in the senate, which threatened 10
become intermiHable, and which offered
no solution of the existing controversy.
But to one who has observed the re-
peated conferences in the Hobbies Of this
general legislative body and has been
aware OF the conferences daily held be-
tween the president and leading Sen-
atorS, participated in almost invariably
by Secretary of the Treasury Carlisle,
the events have Eeen full OF PROMISE
not of the passage of the bill nncondi-
tiOnally repeating the purchasing clause
of the Sherman act, but of this bill
amended by such additions as to give to
it the undeniabfe garb of a compromise.
One by one the senators who have
openly expressed themselves in favor
ST unconditional repeal-and they are
nearly three-hfthS Of the United States
senate-have been a0nSulted to as the
ACCESSIBILITY Of
THE CLoTURE RULE,
and the result has been that less than
thirty Of the eIghty-SiX senators have
expressed themselves in favor of resort
ing to such extreme measures. This
startling innovation from the traditions
of the senate, therefore, will not be
part OF the record 10 be left behind by
this extraordinary session. With the
proposition for cloture finally aban-
doned, there remain but two alternatives
for the repeal senatorS-a compromise
or defeat at the hands of filibuster-
ing minority. That the minority in
tends to tillbuster, not in the open gufse
of filibusters, but in the repeated de-
mandS for call of the senate and re-
prleties to ptoiGng indefinitely the
debate, no one can reasonably doubt.
Of these two alternatives, the one
promising the greater benefit appears
likely to be chosen, and that is for
compromise. Today this has been about
the only theme of discussion among the
leaders of the senate, and series of
conferences are TO be held from time to
time until the end OF next week, when
it is hoped clear majority will be
found welded to a proposition which
will not be opposed by the minority
with enough vehemence to lead to a
flibusterng opposition. The PROPOSE
ton of compromise now under discus
sion and meeting with the greatest
favor provides that, coupled with the
bill repeating the
PURCHASING CLAUSE
of the Sherman act, there snail be a
law directing the secretary of the treas
ury to buy monthly considerably re-
duced amount of silver bullion, and TO
actually coin this bullion into money.
The secretary of the treasury is also to
be given ample power to protect all
gold and currency and money of the
United States, ana TO make 1t inter-
chanseable. In addition to this, ma
tonal banks OF the United States are 10
be permitted to issue national notes to
an aggregate equal to the face value of
United States bonds on deposit. Con-
cessions to state banks are also dis
cuSSed
II 10 lIIuCcu uulIG
that no single one of the above PROPOSE
tons could receive a majority vote of
the senate if 1t stood alone and
unlinked with the kindred legislation
winch is to accompany it. The four
separate and distinct subjects which it
is proposed to include in the repeal bill
as the various compromise amendments
thereto represent the four factions into
which the United States senate may be
said to be divided at this time. None Of
these factions would get what it has
been demanding by this legislation. but
each would get slight concessions and
some consolation from the warfare that
has been so StubburnIy waged for M
conditional repeal, and each faction
would retire from the conflict free from
the onus of defeat, aud with the Iaurels
of partial victory to be placed to its
credit.