Retirement Of The Greenbacks

Many of tho Democratie senators re. ceived the annouuoement of tho adverse vote on the bilí as n summons to the sonate to take the questlon up and flnd a way out of the diffieulties with which the country flnds itself confronted. Voorhees took the first step Lor the formal conslderation of the matter by issing a cali for a meeting of the finalice committee to be held this afternoon at á o'clook. This meeting is for the purpose of canvassing the entire situation and if possible devising means of improviug tlu'condition of the treasury. So far as can bo learned do moasure lias been prepared for subuilssiOB 10 the eommittee. Vest, lt is understood, has a plan outlined for a bilí and it is worth notice that one of tile two principal features of the bill is to authori.e the i.ssuance of a sullieient number of luw rate bonda to retiro the f:H(i,0O0,00O worth of greenbacks. This would stop the drain on the treasury for gold. The socond feature is to proviüo for the purchase and eoinage of a sulHcient quantity of silvcr to iucrease the silver issuance to (750,000, (MO.whloh would be an increuse of about il5ü,(XK),00O. This is suggested as a compromiso upou which the bond advocates and the silver men can agree, but the scheme has not met with general favor so far as it has been canvassed. Some of the silver senators, notably tho Republican silver senators, have taken the position that they will accept nothlng short of a provisión fir unlimited free silver eoinage. They will not insist upon free eoinage at a ratio of 16 to 1, but are williiig to allow the government a Úberal seigniorage. They will not agroe, however, that any limit shall lie placed upou the amount to be received on the terms agreed upon. lts uot known how the finalice committee will stand upon this proposition, but the silver men believe that a poll of the eommittee will sliow n uiajorltr frieudlv to that metal.