Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-04-04
DEMOCRATS AND SILVER.
Republican GOld-Bugs Will Not Have
1t All Their Own Way i'm the
Next Congress.

Washington, April A report has re-
seistiy been circulated from Washington
that when reorganization of the senate
shall be made by the Republicans, Sena-
tor Morrill,, who stands at the head of the
Republican membership of the finance
committee, will retire in order to allow
Senator Sherman to be made chairman.
1t is understood that Mr.. Morrill, has not
only not given authority for this announce
ment but his nearest friends say he will
expect to be restored to the position of
chairman. The probabilities are that
the Republicans will have no little diff
Guilty in choosing successor on the COM
mittee for Senator Mcpherson.
The filling of this place will be the
first contest in the next congress be-
tween the silver and anti-silver members.
The silver men have majority of one
in the committee, five of the six members
constituting this majority being Demo-
Gratis. Silver men are also in the ma
jority in the senate but will be in the
minority in the Republican caucus.
Under ordinary circumstances the caucus
would control, and if it were left for them
to act untrammeled there is no doubt an
anti-silver man would be selected for the
vacancy. The silver Republicans have
already given notice that the place must
be filed by man from among their
ranks, and say that in case of failure to
make this concession they will leave the
matter with the Democrats who probably
will fill the vacancy with free silver man.
The names most prominently heard in
connection with the vacancy are those of
Senator Cameron, of Pennsylvania; SEN
ator Wolcott, of Colorado, and Senator
Alcott, of Connecticut. Wolcott's friends
may agree to compromise which will
give place on the foreign relations
committee to Wolcott and on the finance
committee to Cameron. 1t has been sug-
gested that in order to make a place on
the finance committee for Platt the men,
bership be increased from eleven to
thirteen. This would permit the appoint
ment of silver and anti-silver advocate
by the Republicans and also the appoint
ment of another Democrat on the COM
mittee, and the change may be made.
WALL STREET IDEA.
New York.-In speaking of the silver
market and the causes and prospects of
the present government, Mr.. Starr Col
gate of the firm of Nesslage, Colgate &
Co., said: "The movement began on
receipt of the news from Germany fav-
oring bimetallic conference. It was
helped when the motion that seemed to
lean toward such conference was made
in the English house of commons. The
news of peace negotiations between Japan
and China, to carry large indemnity in
silver, also had propelling force. A
good deal of silver is now under lock. 1t
will come out fast enough when the
spectators believe the advance is
over"
II can not see in the movement" Mr..
Colgate said, "much beyond the specula-
tive feature. Talk of bimetallic action
by Germany and England seems to have
subsided. If it is to be revived 1t must
be done by those countries. A debtor
country like the United States can not
lead in such movement. We have had
troubles enough without inviting others.
I'm regard to the indemnity to be paid
by China, it has seemed to me that gold
might be demanded. Dispatches speak
more of silver, but Japan is earning
reputation as country .of advanced
ideas, and it may be that talk there of
putting the finances on gold basis may
be emphasized in the demands on China.
am inclined to look on the present
movement as speculative"