The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-22
ACONPRONISE BILL DRAWN
Under 1t Purchases Of Silver Will
Cease Oct. I, 1894.

The Silver Now in the Treasury TO Be
Coined and All Paper Currency, Be-
low $40, Except Silver Certificates,
to Be Retired-The Republican Silver
Men and Populists Displeased With
the New Measure-It will Be Intro
duoed AS an Amendment to the Pres
ent Bill Within a Day or Two.
Washington, Oct. 2l.-The democratic
steering committee virtually completed
its labors on the compromise question bill
for the repeal of the Sherman act to-day.
The members of the committee admitted
generally that they had virtually agreed
upon bill.
1t extends the provision of the special
silver purchasing law until Oct 1, 1894
1t provides for the coinage of the silver
now in the treasury, and also the retire
ment of all paper currency, except silver
certificates, below $40.
There is no reference whatever in the
bill to the bond question.
Copies of the proposed bill were or
dered for the use of members of the
Senate on both sides of the chamber.
TIME OF ITS INTRODUCTION
Opinions differ as to when the bill win
be formally presented in the SeGate.
Some of the senators say it will be intro
duced before Tuesday next, but, il it
should appear upon inspection that il
will prove acceptable to a majority of the
Senate, it may be handed in at once, at an
earlier date
An additional feature of the bill agreed
upon by the democratic managers is n
provision for the coinage of silver to
be purchased in the future.
The republican silver men are dis
pleased with the short limit as to the
time that the sherman law viii continue
in force and will probably oppose the bill
almost to a man.
The populists are also displeased with
the measure for the same reason. The
bill will come in as an amendment to the
present law.
HOW 1T Is RECEIVED BY THE HOUSE.
The terms Of theproposed compromise
were the subject of q great deal of dis
cussiOn by the members Of the House
this afternoon. The fact that an authori-
Zation for bonds was not a feature brought
relief to many of the southern and west
ern democrats. The democratic leaders,
Speaker Crisp, Representatives Catch
ings, Outhwaite, Sayers and Culberson are
in favor of immediate action on the bill
should it appear in the House before the
consideration of the bankruptcy bill,
which is made a continuing order begin
ming on Monday, is completed, they would
favor vacating that order to give the
compromise the right of way.
THE DEMOCRATS SATISFIED.
The democratic leaders express very
general satisfaction with the proposed
compromise and do not seem to feel that
there is much doubt but that any propo-
sition that will prove acceptable to both
wings of the party in the Senate will pass
the House The ultra-silver democrats
of the House, like Representative Bland,
have no opinion to express for publica-
ton, but the prevailing opinion is that in
view of the necessity for a show of party
harmony, they will content themselves
with voting against the measure. A good
ly portion Of the silver democrats will
probably, however, vote for the compro-
mise If their votes are needed TO secure
its passage,
THE REPUBLICANS.
The republicans have not yet decided
as to the course they will pursue They will
be governed largely by what their political
brethren in the Senate do. There are two
features of the compromise to which they
object, the failure to provide for bond
issue and the coinage of the seignorage in
the treasury. The coinage of the seign-
orage would repleuish the Treasury to
the extent of $50 00O, 900 and tide the ad-
ministration over for the next year if the
deficit should not be larger than is at
present estimated. Mr.. Dingley said there
could be no seignorage. The object Of this
coinage Of the alleged seignorage was, he
said, to make up the deficit
AN IMPROBABLE COMBINE.
Should the republicans, free silver dem
ocrats and populists unite in their opposi-
tion TO the terms of the compromise they
could defeat it, but this is not anticipated.
When the bill reaches the House il win
90 TO the committee on coinage, weights
and measures, unless there is an indica-
tion that an attempt will be made TO hold
it in this committee for too long
a period, in which case mo-
tion to concur in the Senate
amendments could be made without its
reference at all. The concensus of opin-
ion, however, is that it will be referred
under the rule and reported back to the
House within two days at most. Four
days after the bill reaches the House it is
expected that it viii have passed and
congress will have taken recess for Two
or three weeks.
WORKING FOR VOTES.
The democratic managers of the Sen
ate, having agreed upon a bill, are now de-
voting themselves to the end Of seeing
that it shall be passed. When the com
mittee ceased its sittings to-day, thirty
seven democratic senators had signed a
pledge that they would support the meas
ure prepared by the committee, and the
managers felt assured when the Senate
adjourned to-day of a sufficient number to
bring the number up TO fOrty-one, leaving
only two more necessary to- insure the
passage of the bill by democratic votes.
THE SENATORS HOLDING OUT.
The senator's who are holding out
against the bill are said to ibe Messrs.
Mills and Villas of the repeal side, and
Mr. Irby of the silver men. There are
some senator's absent from the city,
Messrs. DauicF and White Of California.
for instance of whose support Of the bill
they entertain no doubt. There are
others Of the ultra-repeal men who have
not yet actually attached their names TO
the pledge, upon whom the committee
count with certainty. The managers eX-
press themselves as anxious 10 secure the
names of all the democratic senator's and
will do so IL possible, with the hope Of
putting the bill through as q party
measure and without calling upon the re-
publicans for any assistance whatever.
ATTITUDE or THE REPUBLICANS
Most Of the republicans are equally
anxious that the democrats should sue
rced in this. for the bill Is one which
does not commend itself 20 either the re-
peal or the silver faction m republican