The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1893-10-25

substitution /. Of silver certificates for
treasury notes and greenbacks below
denominations Of $40, 1t is estimated the
volume of silver In circulation will be
increased by $3.50, ,000, 900.
y The terms Of the compromise for the
repeal bill were not generally known In
the executive departments before the
hour of closing arrived. Secretary Car
Isle was handed the substance OF the
compromise, but he preserved; as he has
/ throughout this entire struggle, mas
terly silenoe," as far as making public
; his views through the press Is concerned.
Others talked Of the subject, however,
and the fact that an outcome was In sight
was received with general satisfaction.
One Of the cabinet officers (not Car
lisle}, in conversation, subsequently, ex-
pressed the belief that without clause in
the compromise authorizing the Secretary
of the Treasury to issue bonds up to a
/ fixed amount, say $3.50, 900 900 or 500, ,0O0,-
600, at rate Of interest that would readily
float them abroad and not have them
returned to us in every little financial
furry, the. bill would be unsatisfactory
as financial measure OF relief.
The clause in the bill providing for the
retirement Of United States notes and
treasury notes below $40 was favorably
received in the Treasury Department.
The retired one dollar, two dollar and
five dollar notes, 1t is understood, OF
course. are to be converted into higher
denominations, 30 that the present
amount of these two classes of money in
circulation will not be affected by the
change.
The amount Of United States notes that
will be retired II the proposed compro-
{ mise goes into effect Is as follows: One
dollar, IS, 1863, 1856 two dollar, $685., 1892 5.
2 five dollar. 1858 1855, ,8I4. Treasury notes Of
1880: One dollar, $14, ,679, 1888; two dollar,
1883, ,592; five dollar, $38, ,202, ,285. The
silver certificates above $5 in circulation
aggregate about $200, 900, 600, and under
and including fves about $130, ,0O0, 600.
The plan as now und contemplates
the issue Of smaller denominations of
silver certificates for the large denomina-
tions now in use.
When the steering committee adjourn
ed to-day, with 81 signatures TO tho
pledge, they felt assured OF four more
names, bringing the total up TO II, leav-
ing only two more necessary to insure
the passage of the bill by Democratic
votes. Three Democrats who are said to
be holding out against the bill are Mills
and Villas Of the repealers and lrby OF
the silver side. Daniel and White OF
California are absent from the city. The
steering committee count upon these two.
There are others of the extreme repea!
men upon whom the committee depend
with certainty when voting day arrives,
The committee Is anxious to put the
bill through as party measure, without
calling upon the Republicans for aid.
The Republicans reciprocate this desire,
because the bill does not commend itself
to either the silver or repeal faction OF the
Republicans. "A similar state Of feeling
prevails on the Democratic side, for this
Is pre-eminently case that fits the DELI
milton which somebody has given of q
compromise: an agreementl by which
neither party gets what it wants.
The compromise will be offered In the
Senate rs an amendment to the pending
VOORHEES, bill, possibly. on Tuesday. liz
silver Republicans as an amendment
while the bill, as so amended, will be
opposed by them. This will probably
make the passing Of the compromise
certainty, because the ultra repeal Demo-
Gratis will take just the opposite course,
and vote against the amendment and in
favor Of the bill when it comes to final
vote, as the best they can get.
WASHINGTON, Oct. 22.-The probabili-
ties OF the proposed compromise upon
The silver question made public yester-
day becoming a law were vigorously dis
cussed to-day. Friends Of the measure
are sanguine that it will be accepted by
the majority Of the Senate, although there
remain few who have not yet signed
the request to Chairman voorhees, to
offer the substitute for his pending bill,
ssr it is therefore uncertain whom it will
be presented. The silver Senators from
the West are by no means satisfied with
It. They are quoted, however, as saying
that they will not offer any obstructive
tactics to prevent vote upon it, after
being allowed an opportunity to vote in
favor Of free coinage substitute.
Senator Pettigrew Of South Dakota is
one of the most outspoken critics Of the
compromise. Unconditional repeal"
he said, sis thousand times more to be
preferred, even from a silver mans
standpoint. The present hard tim es are
not going to grow better right away,
whatever legislation is passed, and this
compromise will put the whole onus OF
the situation on the silver men. The
purchase Of silver will continue unit.
within month OF the elections next
year, and because the hard times have
cOQtluueu poopAo "HA Soy Wv NN
had been repealed all would have been
WE'LL and the silver men wonld be ham
dicapped In their efforts to prove that the
Sherman law wsynot responsible for the
distress throughout the country. On the
other hand, If the bill had been repealed
outright, in a year from now there would
be revolution in favor OF the restoration
of silver as money. shall not vote for
It,"
Republican leaders in the House de-
clined to talk for publication, on the
ground that the terms of the compromise
had not yet been made known, apel until
that was done they preferred not To COM
NIT themselves. Talks with Messrs.
Reed, Hopkins Of Illinois, and others,
however, demonstrated that upon one
point they were not satisfied. Ihat Was
the coinage Of the seignorage OF the bull
lion now in the Treasury. and that Of the
years bullion yet TO be purchased,
increasing the currency to that amount,
and without providing in any way for
the purchase of additional gold reserve to
aid in maintaining the parity Of the two
metals. Unless q provision of this sort is
made. it will be difficult, from present
indications, to secure any Republican
votes in the House.
WASHINGTON. Oct. 22.-A prominent
official (not cabinet officer) late tonight
gave out the following authoritative
statement of Mr.. Cleveland's views as to
the proposed compromise measure, which
It is expected will soon be brought before
the Senate.
The President adheres to the position
that the purchase clause of the Sherman
silver law should be Internationally re-
pealed. The lower house Of Congress
voted for repeal by an overwt elming
majority. A majority in the Senate are
in favor of unconditional repeal, and the
sentiment of the country demands the
passing of the pending bill. 1t is not
true that Secretary Carlisle is or has been
in favor of the compromise which was
subscribed to by mum mber of Senator'S on
Saturday. He and other members OF the
cabinet are opposed to that measure.
WASHINGTON, D. c., Oct. 23.-The
statement made public last night as to
the attitude of the administration on the
proposed compromise came from source
sntitlipg it to full credenoe. The presi-
dent in response to direct appeals from
Senators has discre city refrained, as
hitherto, from making any statement