The herald., 1893-10-20
A COMPROMISE ASSURED.
The End of the Silver Fight
Very Near.
Democratic Senators Agree
Upon a Bill.
1t PostpOnes the Repeal Of the
Sherman Law.
Small Treasury Notes to Be Retired and
S54, 100000 Silver seigniorsge to
Be Coined-Congressiona
Proceedings.
By the Associated Press.

WASHINGTON, Oct. 19.-There is no
doubt that the report heard on all sides
about the capitol that a compromise
had been agreed upon by the Demo-
cratic senators, is substantially correct;
vet there is slight obstruction come
where. which has rendered the members
o. the committee cautious about giving
out the details. 1t is believed the pres-
ident has not yet expressed his ap-
proval OF the proposed substitute, and
there are certain members who desire
his approval before committing them
selves absolutely to the bill. 1t may be
stated explicitly. however, that the
members of the senate on both sides of
the chamber, regard it as settled that
a measure is in course of preparation
at the hands OF the Democratic steering
committee, the conditions of which, ex-
cept as to details. have been practically
agreed upon by the entire Democratic
side Of the chamber. Senator Voorhees,
today showed by every act that he con-
sidered the end near, and when ap-
preached upon the subject replied that
he would not be surprised II another
days work should produce important
results.
THE TERMS OF COMPROMISE.
The bill provides for the repeal of the
Sherman law. but removes the date at
which the repeal will take effect until
the first OF January or the finet of July.
1895. 1t retires treasury notes below
$40; it coins s54, 900, 900 of the silver
seigniorage now on hand; it makes the
purchase OF a. 800, 900 ounces of silver per
month mandatory.
There is wide divergency of views as
to the bond question, and il Secretary
Carlisle will only say the parity Of gold
and silver can be preserved without
bonds. the question will not be touched.
II the question is handled at all, it will
be dealt with indirectly by confirming
right of the secretary Of the treasury to
issue bonds under the act OF 1875, limit.
ing the amount to 5000, 0,000, 900, the in
terest to per cent and the time to FIVE
years. and providing that the bonds
shall be used only to strengthen the
gold reserve, and not for banking pur-
poses.
1t will not be possible to introduce the
bill before Monday.
THE sTEERERs AT WORK.
The Democrats of the senate are de-
voting most of their time to an effort to
agree among themselves, and are OF the
opinion that they are in fair way to
agree on bill to be introduced at the
beginning of next week. So many of
them are engaged in this business that
very few are in the senate today, but the
rsi do -, , = H.
did not suggest the absence of quorum.
1t is fact that the Democratic steering
committee have almost agreed en- bill,
and are now engaged in trying TO get the
various factions to accept it. The silver
Democrats accept it rather readily,
though not fully Satisfied with the linn
tied recognition of silver, but some of
the repeal Democrats are still holding
out for absolute repeal, and with these
the committee is now laboring. The
opinion is expressed that if all OF these
cannot be won over, enough r ,publi-
cans can be eucured to pass III meas.
ure.
The most favorably corside ed propo-
Hition contemplates the pu oh .se of
silver at the present rate until 80, O0, 900
ounces are purchased. Villas ia tae only
member of the committee holding out
against compromise. A consultation
was held with Carlisle this afternoon.
A REPUBLICAN CONFERENCE.
An extended conference of Republican
senators was held last night to talk over
the situation, with view to taking
party advantage of any mistakes which
the Democrats may make on fnan-
cisl questions. Only the repeal
Republicans were present. 1t was
the practically unanimous opinion
that the best policy was to remain quiet,
neither helping the Democrats out of
the present snarl, nor doing anythingto
prevent the progress of the repeal bill.
but If it becomes evidsnt that the DEM
ocrats can do nothing, then to prepare q
Republican measure and ask the senate
to passit. The majority are in favor of
amending the rules, If necessary to get
the bill through, though there is some
objection to any change which would
help the Democrats in getting the cleo
tion and tariff bills through. There
were some expressions fav0ring COM
promise on the repeal bill.
THE PRESIDENT UNMovED.
New YORK, Oct. ia Washington
special to tine Daily America says: Sec
retary Of State Gresham said tonight.
after returning from visit at the White
House, there could not be compromise
agreed to by the administration. He
said the administration had in no wise
changed its position. He would say,
though, the president was opposed to
extend the veto TO Senator Gorman's
scheme Of bringing about unconditional
repeal.
SENATE PROCEEDINGS