The herald., 1893-10-04
Little Hope for Compromise
on Silver Repeal.
Because Democratic Senators
Cannot Agree.
The Issuing of Bonds Is the Rock on
Which They Split.
Congressman Springer Is Convinced
That Unconditional Repeal viii
Pass = Senator Morgan's
Amendments.
By the Associated Press.

By the Associated Press.
WASHINGTON. Oct. 3.-The difficulties
in the way OF securing compromise on
the repeal bill become more and more
apparent every day, because of the diff
ferences which exist on the Democratic
side of the chamber, principally on the
question of issuing bonds. Some, es-
pecially the champions of the adminis-
tration, insist that if silver is to be
coined to the extent of 500, 900, 900 or
100000, 900, as proposed, in order to
preserve the parity between gold and
silver it will be absolutely necessary to
procure greater supply OF gold. This
proposition is combatsed by the major
ity of the silver Democrats, and many
of them announce unalterable opposi-
ton to it. Discussion also has devel-
oped the fact that some Democratic sen.
ators who favor repeal will vote for q
bond issue because of the bad effect
which they think the adoption of such
policy would have upon the party.
Unless the bond question can be in
some way eliminated from the measure,
il seems impossible for the Democrats to
agree upon bill as party measure.
NO COMPROMISE.
w. M. Springer Of Illinois, chairman
of the committee on coinage, says:
"There will be no compromise of silver
repeal. II the senate does not pass the
repeal bill there will be no repeal of the
federal election laws and no tariff legis-
lation. None OF the Democratic meas-
ures which it was hoped this congress-
would pass will be adopted. The bill to re-
peal the Sherman law will be kept before
the senate and will not be Withdrawn
before being voted on under any circum-
stances. There never has been any
thing knowp such as indefinite filibus-
tering. andy do not believe precedent
will be established now. Opportunity
must. suppose, be given to those sena-
tors who have not yet spoken to express
their views, but when they have done
60 the vote on unconditional repeal can
not be long delayed, and the bill will
pass"
Manderson of Nebraska, on the other
hand, says there will be compromise.
1t may not ceme for Two or three weeks,
but it will come.
THE ACT OF 1887.
Springer has been looking into the
question whether the passage of either
of the silver repeal bills would, restore
the absolute free coinage act of 1887. He
has concluded that the revival OF the
clause fixing the amount of silver in the
standard silver dollar, might possibly be
construed as warranting unlimited coin
age of silveri by the secretary Of the
treasury.
Springer consulted Carlisle, who en-.
presses the opinion that free coinage
would not result from the passage of
either bill, and said if the silver men
thought so, let them pass the bill and
test the matter in the supreme court.
MoRGAN's AMENDMENT.
Morgan today introduced in the sem
ate an amendment to the repeal bill in
tended to give effect to the free coinage
provision of the law, and providing also
for reciprocity with ether nations by
reducing the import duties on goods from
other countries hen they shall be sent
to this country in American vessels, or
in vessels OF countries which shall rec-
ognize the silver dollar of the United
States as legal tender.
COINAGE HEARINGS.
Hearings before the banking and cur-
rency committee began this morning.
Davis Of Kansas opened the argument
in support of his bill for the issue of
$4,000, 900 of fractional currency, and
to prevent the withdrawal of national
bank notes from circulation. The dis
cussion, however, resolved itself into
one of general financial matters. the
members of the committee puncturing
Davis' speech with running fire Of
questions.
A NATIONAL BANK BILL.
A member of the banking and cur
rency committee said today: I'VE in
tend to report bill allowing national
banks to issue circulation to the full
amount of the bonds deposited in the
treasury"