The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-01-28
COMPROMISE ON THE COINAGE
SENATOR'S TRYING TO FIND WAY
OUT OF THE TANGLE.

One scheme COntempIates the Re-
tirement of the Greenbacks and
Treasury Notes by an Issue OF
S5OO,OOO. 900 of 3 Per Cent. bonds
aud the Opening of the Mints 10
Free and UnIImited Coinage Of
silver
Washington. Jan. IA determined ef-
fort is being made to unite the democrats
OF the Senate upon some fixed financial
policy. The missionary work has been go
ing on actively at the capitol to-day and
frequent consultations have been held
between Senators German, Hin. Jones OF
Arkansas. Gray OF Delaware and others.
representing both sides OF the financial
question.
Secretary Carlisle visited the capitol dur
ing the day and had a confidential talk
with Senator German and the impression
is that the Secretary Of the Treasury 10
In sympathy with any reasonable plan
that is calculated 10 cement the two fac
lions Of the party. Ii Is pretty well as
sured that a majority Of the Senate proD-
ably Eve, favor the passage Of the Jones'
free coinage substitute.
1t is proposed to allow the vote to be
taken about Friday OF this week, and send
1t TO a committee OF conference. Theirs
the real battle viii begin and the best
generalship will tell in the result
The fight is the old story OF the contest
or the repeal of the purchase clause Of
the sherman law, with the exception thau
the republicans do not propose to allow
any financial legislation unless IL ia
coupled with the provision for raising ad-
dluonal revenue. The republican Lead
erS assert that the administration has In
slructed Senators Gray, Lindsay. Palmer
Ia fIsa t.4.4
Dill when II comes from the finance COM
mittee on the ground that the President
does not wish TO be confronted with q
larlu Dill under the existing conditions.
senator Lodge also threatens to further
complcate the situation by Offering aa
an amendment OF the bond bill his propo-
sluon for the sale of SlOO,O00OO0 OF bonda
Tor the protection or the coast defenses
In the meantime various suggestions ara
helnS made on all sides, but when they are
sifted down the situation Is just az
cloudy as 1t was when congress con-
The democrats are very anxious to form-
ulate some policy upon which the party
may go into the coming campaign. The
lfee silver democrats of the south do noe
look for any substantial result to come
from the recent silver conference held In
this city They realize that the best ele-
ment In the democrat party will decline
to follow the leadership of the men who
are IN control Of the new unnamed
party" Several prominent democrats
from the south, who a few days ago were
boldly declaring that they would leave the
democratic party If necessary to demon-
strate their devotion to the cause Of frea
| silver are talking entirely different to-
| day. Those same gentlemen are stating
| thdt tney propose to remain in the demo~
cratic party and try TO work out the SAL
walton of the white metal within the party
/ ranks. -
During the session Of the Senate to-day
| there were numerous conferences between
| silver and anti-silver democrats and re-
| publicans and democrats. There was ev-
Il q IL. 70 =
| on the financial question. Should there be
/ any compromise IL can only come after
the silver men have put the Senate ON
| record by yea aud nay vote on the free
| silver substitute now under debate. Tha
| compromise can only be effected in the
| conference committee.
As a means for arriving at some solti-
| ton or the problem through the instru>
mentality Of that committee, the situa.
m3n Is being canyassed In the Senate.
| me proposition disguised to-day cams
| from one of the most prominent antf-
| silver democrats in the Senate and itS
| character unfOlded by the author himself
| to prominent republican senator's is sucn
as has occasioned considerable surprises
among those who have been taken int0
| his confidence.
This proposition contemplates the re-
| tirement of the greenbacks and the treas-
ury notes by the Issuance Of $500, ,000, 900 Of
| gold bonds, a declaration that ali ont
standing bonds Of the government shall
| be paid In gold regardless of the language
| used, and the opening OF the United States
1 minus ~ tHe Tree ana unlif0IIeQ cO1naR6
| Of silver This scheme. which apparently
| gives the gold men all they ask and the
| silver men all they have been demanding.
| Is meeting with opposition, especially
| among the ranks of the sound money
men on the democratic side of the cham-
Der and the silver republicans. OF course.
| II is a tentative proposition as are many
others that are being broached. The be-
lief is strong, however, that no common
ground can be reached whereon the con-
tending elements can stand. The propos
sition untlined above comes from a sens
ator OF such prominence, however, that
II Is commanding much attention.