The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-09-29
GOLD MEN DEMAND REPEAL.
That Is tile Only Solution the
President Will Accept.
DISTRUST IN THE SILVER RANKS.
No Scheme Giving Cleveland a Hand
in the Final Settlement Will
Meet With Favor.

WASHINGTON, Sept. 2S.-There was more
talk of a silver compromise about the
Senate to-day than has been heard for a
week. prominent Republican Senator
was engaged during the greater part OF
the day in trying to get Senators to agree
to proposition for the purchase and coin
age of So, GOO, 600 worth of silver per month
for three years, but met with many Obsta-
cles. The especial supporters Of the Presi-
dent asserted that he would accept no
amendment whatever, and the silver Sena-
tors made the objection that to place the
limit purchase at a time within Cleveland's
administration would be simply to post
pOne the blow, and it might almost as we'll
fall now
Senator Faulkner was also engaged in
canvassing his proposition, but with no
better result than in the case Of the Re-
publican Senator. Nothing was accom-
plished in any direction, but the events of
yesterday and to-day have caused many
more Senators than usual to assert that
compromise offered the only way out of the
present ENHANCEMENT.
The speech of Senator Cameron in favor
OF the free coinage of silver continues to
attract attention here, not only because it
was startling and unusual attitude for
Republican Senator from an Eastern State
TO lake, but because of the events that are
cTowding on the heels OF that speech in
Pennsylvania. At the meeting of the Re-
publican League clubs at Reading yester-
day an attempt to censure Senator Cam
erOn for his course was defeated by a
tw O-thirds majority. The explanation of
this failure TO censure Cameron and in
deed of the attitude he has taken is fur
nished by intelligence that reached here
to-day. Some members of the Manufac-
turers' Club of Philadelphia are engaged
in circulating a petition to the Senate
| looking to the consolidation of the nter-
eSls of the pTotectioniSts aud the free
silyer; ;es. and many signatures are being
/ secured. The scheme is to defeat the new
tariff bill and to give 10 silver FIRST, the
! free coinage OF silver ulon the
payment by the owner of seignOFage
absorbing three-fourths of the difference
| between the market or London price OF
bullion and its coined value; second, the
prohibition of the importation Of foreign
! silver for coinage purposes except al
| seigDorage that Will absorb all the differ
ence between the market price and the
mint value, and, third, the calling of an
| International monetary conference, in
! Guiding all the nations of the world, ex-
/ cept the gold mOnOmetallst countries, for
the purpose of arriving at an International
| agreement.
! The claim is set up that the interests Of
silver ana protection are Identical, and the
scheme is TO align the interests of silver
! and protection and by this means prevent
/ adverse tariff legislation and secure more
| liberal silver legislation. 1t an alliance the
suggestion of which is fraught with great
| possibilities IL it is practical, but its sue
cessful operation would mean the break
| ing down of party lines, perhaps, and the
! entire readjustment of party politics.
| PHILADELPHIA. Sept. 2S.-Ons hundred
and fifty leading manufacturers of this
| city, led by Wharton Baker, the we'll
| known flnancier. have drawn up and signed
q proposition offering the silver Senators
aid in their fight against the repeal of the
silver-purchase clause of the Sherman act
provided the latter will combine to prevent
any tariff legislation. As over half of the
manufacturers who signed the paper are
Republicans. and this community has fa-
vOred repeal, this new movement has ere
ated a sensation in business circles. The
circular contains these three propositions
to the silver Senators:
First-That the United States shall ad-
NIT silver bullion from American mines to
coinage in its mints upon the payment by
the owner OF seiguorage absorbing three
| fourths of the difference between the mar
ket (London) price of bullion and its value
when coined
| Second-That foreign silver shall be ad-
mitted only for coinage purposes at a
seignorage absorbing all of the difference
between the market Uondon) price and its
value when coined.
Third-That the United States shall In
vite at once a conference of those nations
Of the world which have not committed
themselves to gold monometallism.
This would include especially the ma
tions of North and South America. Spain
and China. and in Europe France. Russia
and others. These nations are as deepy
interested as we are in resisting the at
| tempt TO increase the power of gold
through the degradation of the power of
silver, and many of them, particularly
those of America and Eastern Asia, are
those to whom we may most easily and ad-
vantageously sell the excess of our manu-
featuring industries.
Such conference should exclude Eng
land and Germany in its makeup, and
no doubt would direct the money policy
of the world. preserve the integrity Of
bimetallsm and prevent the enSlavement
of the United States and other nations by
the capitalist classes of the two great cred
itor nations.