Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-10
NEW CURRENCY PLAN
Still an Effort to Secure Financial
Legislation.
LINES ON WHICH IT WILL Be FRAMED
Republicans Will Not Take the
Initiative.
TALK ON BOTH SIDES

TALK ON BOTH SIDE S
In face of the certainty, or what is uni
versally regarded as a certainty, that there
can be no financial legislation at this session
the President is still prodding his Secretary
Of the Treasury to further effort. Mr..
Springer, who is always hopeful, has talked
with the President and the Secretary since
his defeat yesterday, and has tried to en-
courage them with the idea that something
yet may he done in the House. There are
probably hot half dozen men in Congress
besides Mr.. Springer who believe that there
is the least prospect.
The intimation that the treasury will be
thrown on silver basis shortly II some
thing is not done, has served only to
strengthen the silver men in their deter
miration to resist all legislation which does
not provide for the unlimited coinage Of
silver. 1t is believed at the Capitol that
there Is prospect Of Mr.. Carlisle tender
ing silver in redemption Of the Sherman
notes, but nothing definite is known as to
that, beyond the fact that Mr.. Cleveland
resfsts such policy to the extreme OF his
power.
The democratic members of the Senate
finance committee who will meet this
afternoon, have no expectation Of accom-
plishing anything. They meet merely to
talk the situation over, feeling that no
harm can come from such a conference
even II nothing is accomplished The COM
mittee eventually may frame bill provid-
ing for the issue of low interest bonds and
the unlimited coinage Of silver, the gov
ernment to retain the difference between
the bullion and the coined value of the sill
yer. If the republican silver men can be
got to agree to this proposition (Which Is
doubtfuD the committee will probably
IL m
ing that Mr.. Cleveland, being compelled to
choose between this and nothing. cannot
decline to sign 1t. The radical silver men
contend for the free, we'll unlimited
coinage Of silver and still insist that they
will not permit legislation, which does
not carry this.
Another Currency Plan.
Notwithstanding the reverse suffered by
the Carlisle currency bill in the House of
Representatives yesterday, there is to be
no abandonment of the effort to secure
currency legislation. 1t is stated by a
gentleman conyersant with the facts that
a new measure having executive approval,
will be introduced in the House in cbout
two weeks. This length of time will he al
Aowed to elapSe In order that the confusion
and excitement attending the struggle over
the first bill may be ailayed and new
start made under more favorable condi-
tions. 1t is probable that Mr.. Springer will
not direct the course Of the new measure,
as the desire will be to urge it along rev
lines and with new leaders, with a view to
separating it as far as possible from any
loss of position attaching to the old meas
ure. This general plan is not the express
sion of hope or possibility on the part of
sanguine advocates Of currency legislation,
but Is the result Of a careful survey of the
situation by those in position TO in
augurate policies. 1t will be a surprise,
however, to most of the democratic MEM
bers of the House, including members of
the committee on rules, DIS the opinion Is
all prospect of currency legislation and
ends all effort in that direction.
The lines on which the new measure will
be framed not definitely known. To
some extent it will follow the old bill, with
such changes as the experience of the
cent debate showed to be desirable. 1t is
pointed out that the vote Of 124 to 129 Is
an adverse majority Of only five, SO that
change of three votes would show a major
ity supporting the bill. Under these cir
cumstances it is felt that concessions can
be made securing the adhesion of a num-
Der Of members whose opposition has been
based on specific objections. 1t is said,
however, that there will be no concession
in the nature of surrender to the silver
element If they push their demands to the
point of remonetizing silver at ratio of IL
to l. 1t is said that the conciliation Of this
radical element Is not deemed necessary,
although there Will be every desire to ac-
cept the assistance of those silver men
who will aid in meeting the emergency,
even though the result Is not full realiza-
ton of their theories.
While this general plan Is we'll defined,
it has not yet been communicated to House
leaders, and is not therefore subject OF
comment among them. Other subjects have
been taken up, and there is apparent una
nimity in opinion that the currency ques-
ton is closed.
MIR. Springer and the President.
Mr. Springer who was in charge of the
Carlisle currency bill in the House, spent
some time this morning with President
Cleveland and Mr.. Carlisle, meeting them
separately When Mr.. Springer reached
the House later he would not go into the
details of the private conversations with
the President and Secretary, further than
to say that there would be no abatement
in the effort to secure currency legislation.
1t was accepted by members as not only
voicing Mr.. Springer'S view, but as definite
Iy determining that the administration Will
go ahead with the policy it has undertaken.
Mr.. Springer says he knows of no new bill.
although the present bill Will be shaped TO
meet objections and command support.
But" added Mr.. Springer, no 'conces-
sion will go to the extent Of silver coinage
at a ratio Of 16 to l."
Republican Senators Confer.
Senators Morrill,. Sherman, Allison and
Aldrich, republican members of the Sem
ate finance committee, held a conference
at IL o'clock today in Senator Sherman's
Committee room, for the purpose Of decid-
ing upon line Of policy in case there
should be an effort to take up the currency
question in the Senate. The conference
was decided upon after Chairman Voorhees,
issued his call for a meeting Of the full
committee at o'clock today. They argued
that no definite and final conclusion could
be reached until some measure should be-
brought to their attention by the demo-
cratic members of the committee. They
will not suggest a bill themselves nor
suggest anything looking to the perfection
of till
Furthermore, they VIII suggest to the
democratic members of the committee, If
called upon for suggestions, that, in view Of
the reportsthat Secretary Carlisle has been
in consultation with leaders of the House.
with view to the revival of his currency
bill in the House, in modified form, it will
be the better plan to postpone any effort to
do anything in the Senate until there may
be opportunity to ascertain what will be
the result in the House. The discussion
among the members of the committee indi-
Gated general disposition to leave the in
itiative to the democrats, because the latter