The daily morning journal and courier., 1896-01-03
THEY KNOW THEIR POWER
SILVER MEMBERS OF FINANCE C0H-
 MTTTEE TAKE FIRM STAND.

During the Discussion on the Bond Bill
 it Was shown That They Knew Their
 Strength and in C0nsequenos Little Progress Was Mado.
 Washington. Jan. 2,--But little prog ress was made by the finance commit tee of the senate to-day towards an agreement on the house bond bill. No vote of any kind was taken, nor did the silver men submit any definite proposi- ton. There was a great deal of in demonstrated that the silver men knew their power Messrs. Morrill,, sherman, Allison, Aldrich and Platt, who consti-
 ute the only anti-silver men of that body, were given to understand that nothing could be reported that did not meet the approval of the silver mem 1 oers. The discussion was at times quite 1 heated, especially when MT. Sherman was accused by some of his silver col | leagues with seeking to retire the green backs, although he had, they said, up
 to the day he introduced his resolution l Ibeen strongly in favor of keeping those notes in constant circulation. MT. Sher-
 man, it is understood, denied that he was in favor of retiring or cancelling
 the greenbacks.
 The committee remained in session an hour and half, when recess was | taken until tomorrow, at which time
 it is expected the silver men will have agreed upon some definite measure. Af- 1 ter the adjournment democrats with
 Mr. Jones held conference and dis cussed the terms of a bill which they l will offer as a substitute. MT. Jones, 1 dem., of Arkansas, was appointed a sub
 committee to draw up and present it 1 to the silver men before to-morroWs s meeting. The substitute will provide l for the free and unlimited coinage of both gold and silver at the ratio of 1G
 to and the issue of certificates thereon.
 las now provided for by law, and for 1 the withdrawal from circulation of all national bank notes of denominations
 less than $1O. It will direct the secre-
 taly of the treasury to coin the bullion ! iA' tA-N- 'tNS"2'Ay y PbANiit'FoGNi bIIhtl NiIC l Sherman act into standard silver dol 1 lars and to redeem the treasury notes issued for the purchase of bullion. It
 will direct the secretary to redeem the l treasury notes and greenbacks in either silver or gold or both, as the condition i of the treasury may require, and when
 so redeemed the notes and greenbacks
 are to be ressued.
 The silver men are fixed in the pur-
 pose to provide for free coinage and l to prevent the enactment of any new authority for issuing bonds. The sub 1 stitute will be offered at to-morroWs meeting and, While it is the present in- 1 tention not to make a report 10 the
 senate until Tuesday the report may. of
 course, be ordered to be made to-mor-
 row While the silver men were dis
 cHasing this matter the republicans
 were in conference on the same bill and 1 the tariff measure that is now before the senate. The judgment of the re- publicans is that action should not be
 speedy. They do not expect the silver :. men to solidify on a specific measure las soon as the silver men themselves
 hope they will do. If, however. the silver men do agree a once the re- 1 publicans will permit a vote without and the measure will be reported with
 a strong minority report. The repub- 1 licans appear to think that the tariff measure should be amended in one or
 two particulars and this will probably 1 be done
 In this they will have the support
 of their silver colleagues and the bill
 as amended will go to the senate with
 the understanding that no amendments 1 shall be permitted The tariff bill will
 not, however, be reported and acted
 upon the until bond bill is out of the
 way. The republicans have been care fully canvassed and the leaders say their men will vote soldly with the 1 committee to put down all amendments that may be offered in the senate.
 The silver republicans will content
 themselves with a free silver substitute for the bond bill and will not support
 such a proposition if made by demo-
 crats if in shape of a rider on the tariff
 bill The democrats have stated that l they are willing to permit vote 2n
 the bill without undue delay. Word
 reached the committee in an unofficial
 way that the president will take notice
 of to-day's failure to act on the bond 1 bill and the advance knowledge thus | gained and will not wait for the senate. | It is reported that an issue of $100,-
 GOO, 900 of bonds would be ordered before
 the end of next week and that the gold
 would be raised largely abroad.