New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-30
PRICE THREE CENTS
OPEN WAR ON CLEVELAND.
DEMOCRATIC LEADERS SHOW CONTEMPT
FOR HIS FINANCIAL SUGGESTIONS.

OF THE TREASURY BY ATTEMPTING TO
RUSH A FREE COINAGE BILL THROUGH
THE SENATE FINANCE COMMITTEE.
tBY TELEGRAPH TO THE rRIBuNEl
Washington, JAM 29.-The utter indifference q
the Democratic majority in Congress to tho
danger which threatens the National credit and
the hopeless incompetency Of the Democratic
managers to provide some practical means Of re-
lief for the embarrassments which beset the
Treasury were demonstrated afresh to-day at
the two meetings o. the Senate Finance Com
mittee, called by Mr.. Voorhees, to take some i'm
mediate action on the Presidents urgent appeal
for help. The absolute failure OF the majority
of the committee TO agree upon any legislative
measure Of its own to accept and indorse the
ambitious currency reform scheme of the Ad-
ministration and it's further refusal to adopt
any OF the simpler and more practical sugges-
tions for the temporary relief OF the Treasury
advanced by the Republican minority, leave lit
tie doubt Of the real attitude Of the responsible
leaders in Congress toward all remedial financial
legislation. The result OF to-day's votes In the
Finance Committee may be summed up as
declaration on the part Of the Democratic man
agers of the Senate of Jpen and inveterate hos
tility to the Presidents financial programme
and a confession to the country that the present
dstresses Of the Treasury appeal to the free
silver and infationist elements IN control Of the
Senate only as convenient means OF forcing
some measure Of wildcat financial legislation
upon an unwilling Executive.
President Clevelands suggestions OF yesterday
we're indeed contemptuously and ostentatiously
ignored by Mr. Voorhees, and his associates. and
the appeal OF the Administration for relief
through the passage Of gold-bond bill was met
bxo IN
tee bill for the free and unlimited coinage OK
silver The open advocates Of free-silyer leg!sla-
ton as a remedy for the embarrassments OF the
Treasury were not strong enough to carry their
point in committee, but they prevented the adop-
ton of any other plan Of relief and forced an
adjournment Of the meeting under conditions
which promise little or no encouragement for an
agreement on any sort OF legislative palliative
for the emb.rrassments under which the Treas
Try suffers.
For few hours early in the day IT really
looked as IL the Democratic managers had exper'-
enced a returning glimmer Of reason. and might
bury their partisan dssensions and facuonai
hatreds long enough to attempt some simple ana
practical legislation for the relief OF the Treas
ury. At the first session of the Finance COM
mttee In the morning Mr.. Voorhees, In one OK
his now infrequent apses into the role OF party
q
cept two OF the suggestions advanced by Repub-
Iican Senators for the temporary relief OF the
Treasury situation. giving assurances to the
minority committeeman that at the adjourned
afternoon session he would introduce bill pro-
vdng for the issue Of Treasury certificates bear.
ing 3 per cent Interest to he used in meeting cur.
rent deficiencies in the revenues and an adoi-
tional section allowing National banks to take
out circulation 10 the full value OF the bonds de-
posted by them In tae Treasury. AS ootn these
propositions had come from the Republican sac
one from Senator Allison and the otner from
Senator Sherman-and as both were entirely ac-
ceptable to the Republican minority In the Sem
ate II seemed for a moment as II an agreement
on a measure Of immediate relief framed on these
lines could be promptly reported to the Senate
But before the afternoon session Of the COM
mitee was called Mr.. Voorhees, executed one OK
those remarkable face-abouts for which MS
career as a political leader nas been chiefly con-
spicuous, and when the time for the vote on re-
porting this sensible financial palliative arrived
the versatile chairman Of the Finance Committee
was found repudiating all his promises Of the
morning and opposing any plan for the better
ment OF the Treasury's condition which did not
include the free coinage OF silver The simple
two-section bill which he had shown TO the Re-
publican Senators in the morning reappeared In
the afternoon with a ta-piece providing for free
silver coinage at the ra.io OF l6 to !. and when
Mr. Aldrich moved to strike out this unexpected
and cumbersome rider his motion was op-
posed by the solid Democratic vote OF the conn
mittee Mr. Mcpherson alone excepted The re-
suit was tie-fve tor striking out and five
against Mr. Jones OF Nevada, being absent and
impaired. On the succeeding vote to report the
new bill with the free silver clause included, Mr.
Vest and Mr. White deserted Mr.. Voorhees, and
the vote was three In the affirmative to seven In
the negative. Messrs voorhees,, Harris anu
.Jones OF Arkansas supported a favorable re-
port. while Messrs. Morrill,. sherman, Allison.
Aldr,ch Mcpherson. Vest and White opposed It.
Mr. Aldrch then renewed his proposition to
report the first two sectiors of the BILL the one
proyiding for the issue OF Currency certihcates,
bearing per cent interest in amounts necessary
70 wine out the current Treasury deficit, and the
other granting authority for the issue OF Ma
tonal bank notes to the par value of the bonds
deposited by the banks In the Treasury This
motion was rejected on another Tie vote, ~, "
Mcpherson siding with the RepuohcamS s,ion auo 70
Voorhees, heading the Democratic opposion ="
the very bill which he had himself oeeh r.. C,seu
lating for approval earlier in the oay' s
being no prospect or aifrina.ve aifraS ottsr free
sort the committee soon ADJOURNED altei NJ
coinage bill. fathered by Mr.. ST: Jonn OF Wv
york had been offered by Mr. Vest. ana niu IA
production OF the new AdminisUaoo" o''' ~
been submitted by Mr.. Mcpherson. ..sa,, to-
Had Mr. Jones. Of Nevada oeen p,emn;orsd
sa, ,ba rree-coinage substitute cnaWpioneo
b% Mr. Voorhees, would undoubtedly nave oeen
reported As the manasers Ssrns
aeaI', a., ~ %nronosition vet presented. and united
,v on eUr't o their hostility to any and all suggestions
onn,;na from the nominal chief OF the party I"
the White House.
srNArOR MANDERsON SUBMITS PLAN.
,,r INTRODUCES A FINANCIAL PROPOSITION
WHICH HE SAYS IS IN THE NATURE
OF COMPROMISE
Xy..hin11on. Jan S-The financial question was
nrou9ht to the front early in to-days session OF the