New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-11
INJECTION IN THE SENATE.
AN ADJOURNMENT UNTIL NEXT MONDAY
FORCED THROUGH

THE FIRST MEETING OF THE FINANCE COM
MITTEE AN EMPTY FoRM,LITY- SILVER
DEMOCRATS HAVE \ COMPROMISE
TO SUGGEST.
fBY TELEGRAPH TO THE TRfBuSE1
Washington. Aug. lO.-Thc Democratic leaders
in the Senate promptly renewed their tactics OIL
delay and inactOn when the Senate met To-Day
at noon, and on motions by Mr.. German ana Mt.
| CockrelI an adjournment until Monday next was
forced through. The Republican Senators, with
the exception Of the few free-conage men from
the mining States. who belong 10 the silver eoa-
ton voted solidly against further waste Of
three days. which could be- profitaby spent, if not
on the financial cgisatio demanded by the Presl-
| dent at least in settling the two election contests
which now a. questions of privilege bar the CON
,iacration of any other legislative business. On
| Mr.. Gorman's motion that when the senate adj
iourn il adjourn until Monday, the vote was 40 TO
I6. and on Mr. CoclIell's motion, Immediately
following, TO adjourn, - noes were record'I
against 30 ayes. The Se~ate was in session con
-cqucntly bnt twenty minutes.
i, no Democratic conference was called for this
afternoon ard only the five Senators on the So
called steering committee? were obliged TO go
oh ann wres,c with the problem Of suffering con-
version" 10 the Presidents programme on the most
| -ugar-c0at"d terms possible, less excuse could pe
offered for to-day's action in adlournng than Tor
! Yesterdays But with the majority split into two
! acutciy critical aud suspicious factions the party
| manager. dread nothing more kccnly than fur
Their exposure on the floor of the Senate oil II
cynical and di-aiIccicd spirit in which the Pr'sI-
/ dents MESSAGE, Ina, been received by his nominal
| suppcrtcrs in the "dclibcratye branch Of Con
er,ss Indeed if MIR. German and Mr. voorhees,
could have their way, constitutional restrictions
| would be- set aside aud the Senate would adjourn
for ten DAYS instead Of three, while the Inruly
| and di-cordant Democratic majority sought to at
| tain ri least the appearance of harmony by iur-
! thcr forced conversions or the invention u
some ingenious compromise
The same policy Of delay and ind"cison which
has VISITED on the floor OF the Senate the whole
Of the first week OF the extra session turned
! the frat meeting of the Finance Committee thls
morning into an empty formality. Mr. Voorhees,
! thc chairman Of the committee and one OF the
conspicuous converts" 10 the repeal programme
Of the Administration, after his theairlcal an
| nounf cncnt in uc'day debate mat he Wou"
call I'm. committee together without delay. iound
bim.elf with white elephant" on his hands
this morning Having no definite programme o'
hi, own and fearing 10 risk any suggestions about
dulQcnce of his colleagues for troubling them
unnccessarilv. and asked 10 have all the financial
measures referred two days ago. go over with
emf consideration until ncxt Tuesday. The Re-
| publican Senators who ready 10 report AT
| once q rey,al bill such as the President asker
for dcmurrc,l at this useless delay and assured
| Mr. Voorhees, that favorable report on such
n bill could be- made to the Senate At one
| sitting.
The Indiana Scnltor, pledged no doubt by the
| silver faction in the Democratic caucus not TO
consent TO such n report to-day, remained op-
durate. AMI the whole question of repeal was
p,stponcd until next week. In order that the
committees time might not b" altogether wasted
| however the members present took up ANA us
cussed the proposition to ALLOW the Nationa banks
10 issue circulation 10 the full face value Oh
the bonds deposited in the Treasury. instead Of
| limiting il to 90 per cent OF the value oil the
bonds. as at present 1t was urged that the
| result Of this legislation would b. more mmc-
diatey beneficial than any other that had been
suggested as il would add large sum to the
money in circulation quickly as tn" notes
| could he printed II was made clear that for
! the first time in many years there Is a posi-
| blliy Of legislation favorable to NatIonil banks
| in the line indicated. for. although no vote was
| taken. the discussion appeared To lh1ca," u
| leaning toward the measure by Il majority oi 'hc
| committee. The IFS II; danger, however, HES
in an attempt t. cumher the bill with amend
ments that will involve the whole silver question:
and thus prevent disposition OF the measure
| on its merits.
The Republican members of the committee VIII
try TO have repeal proposition pure ana simple
reported TO the Senate for action, and VIII trS 10
defer action on other financial propositions uh'ii
| after this single issue has been decided Dy Noh-
grcss. IL H. understood that the silver Deh"'-
Gratis who have perhaps IA controlling influence III
the Democratic caucus, have decided To insist
| upon "A compromise which wiz very graveiy
! complicate the situation in the Senate AZ as
closed TO the leading silver Republicans, TINS
compromise includes four distinct propositions ::
! First 10 allow the issuance of National bank notes
up to the limit Of value Of the bonds deposited
by the banks with the Treasury; second, to au-
{ tlorzc holder; of Government bonds, on deposit
ing them with the Treasury, 10 fake out treasury
notes up 70 the face value of the bonds offered :;
third. To authorize the Secretary of the Treasury
! 10 issue 3 p,r rrnt bonds whenever, III his opln-
ION. II becomes necessary 20 repenish til' gol r.
serve fourth. 70 c"ict IRE" colnaS" oi s'Ner III
4 the ratio OF "a to l.
The first of these proposals -''hS 10 NJ, NJ"
| with universal approval and has gooa chdnce 10
become law. The second II " barghiH-rouhtr
scheme Tor realizing on securities Wl,n .nu mon
eminent a. pawnhroksr, in times wnrf currency
| Is scarce as Mt present The third Is ol cours',
! the real backbone of the silver programme, ana