Rensselaer Republican, Volume 26, Number 8, Rensselaer, Jasper County, 19 October 1893 — COMPROMISE PROBABLE [ARTICLE]

COMPROMISE PROBABLE

rhe Administration Said to Be Willing to Make Concession*. The Indianapolis Journal’s Washington correspondent, Saturday, says: At the Cabinet meeting, Friday, after complete discussion of all the phases of the Senate situation, a compromise proposition was agreed on to be offered by one of the repeal Senators. It includes, as did the' Harris amendment, provision for the coinage of the silver seigniorage in the treasury, amounting to $53,000,000 and thereafter the purchase of 3,000,009 ounces a month until ninety million ounces have been purchased. This would carry the purchase of siver over the expiration of Mr. Cleveland’s term, a condition the silver men Insist upon; and relieve the treasury during the coinage of the seigniorage, eighteen months of further purchase of bullion, besides making the* bullion so coined an available treasury assets.