Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-05-07
HIS MIND FIXED.
CLEVELAND DETERMINED THAT
THE SILVER LAW MUST GO.
He Expects The Next Congress 10 Repeal II
Senator Vest advocates Compromise
Based on New Ratio.

Washington. May 0.-As a result Of
| his New York aud Chicago visit presl-
dent Cleveland IL thoroughly convinced
| that the business interests Of the country
demand the repeal of the sherman silver
| purchasing nct aud he Is more determined
than ever TO bring about such action at
the earliest possible date after the now
congress conycncs The president had
long talk with senator Vast on the sub.
iect this morning when the latter called at
the White llouseto look after certain an.
pointiucnts in Missouri. During Tie con
vcrSati0n that ensuch the president an.
nounced his firm belief that the sherman
gress.
senator Vest differed from him and
insisted that the silver mon would cer-
tninly demand some sort Of u COMPROMISE
Tho president suggested that he would
prefer a return TO the Bland act rather
than To subject the country TO further
embarrassment under the existing law.
SENATOR VESTS VIEWS.
Senator Vest said aftcrwlrd Tint there
was not the slightest foundation for the
Wptris 50 widely publshel that he has
changed his views upon the silver amcs-
ton In accordance with the presidents
wishes IN return for n few federal APP
pmntments. He has not changed his
views on the silver question. he says,
nut ne ~ npl III lhNOf OF eOnuuctlng
the tiuauccs Of the government for the
sole benefit Of the silveteproduciug states.
He suggests that the silver problem
might he solved by increasing the pres
ent ratio of gold and silver from 10
10 too to | ~ addition to
providing for the free coinage 0f silver.
This proposition VIII not be accepted by
tie gilyir-prOduclng states. the senator
thinks, and perhaps Mr., Blani pay not
sanction IL; but there are n number OF
members Of congress who ara believers
in the free and unlimited coinage Of silver
who would favor such Il proposition.
INCREASING IT'S VALUE.
BY this means senator Vest calculates
the commercial value Of the silver dollar
would be Interested, The legal value Is
OF u ratio Of ~ to j, but experience, he
clainis. has shown that II Is not sufficient
10 make Il acceptable commercially on no
equal footing with gold. That is de-
monstrated by the fact that the pro-
ducers Of silver demand gold In payment
for the silver they sell 10 the government
Senator Vest contends that some cOn-
cessons will have to be made 10 the
silver men In order 10 accomplish any
change In the financial laws during The |
coming congress. He il satisfied Tint mi |
exfra session will be called during the |
early part Of September but not be
fore. lie says Sennton. Voorhees, But |
3tf anu ntHff iptINhIAllN NtHNiNfh WHp /
ara sincere In their advocacy Of free
silver are 10 favor Of increasing the ratio |
as n means Of bringing about the repeal |
OF tho obnoxious Sherman act. Senators
and representatives from tho agricultural |
producing states rnnnOt afford 70 legis. |
late wholly IN tho interest Of the pro.
dmcefg Of silver. The president IL not |
favorably inclined toward Senator Nest's |
plan but insists that the sherman law |
ought to be- repealed without committing |
the party 70 free silver.
TAX on STATE BANKS.
Us a recent conversation between The |
president and Senator Butler on fills |
saline subject. the South Carolina seuai0r.
ia addition 10 advocating 40 increase Ia |
tho ratio Of silver, suggested that q com |
PROMISE might be- rcached with the free
silver men Of the southern states by |
carrying out the provisions Of the ma. |
tionai Democratic platform. relative. 10 |
The tax 90 state banks. Senator Butler |
contended that il wOlild be- Impossible 10 |
bring about o repeal Of the sherman act, |
unless something Ia the nature Of COM |
promise Is offered 20 the people, who |
are claIuoring for more money aad afs |