Show FINANCIAL SCHEMES For the Relief of the Stringency i the Money Market OT MEETING WITH MUCH SUCCESS the Republican Senatorial Caucus Is Not Entirely Harmonious Extreme Silver Hen tin Element of Discord WASHINGTON Dec IGSpecial telegram tele-gram to THE HERALD The necessity for linuncial legislation to restore a better equilibrium to the unsettled business condition con-dition of the country is likely to result in speedy action on the part the Republican Senators who have taken the initiative in the matter The caucus held last night to consider the agreement reached by the special committee of eleven adjourned as 1 telegraphed you without final action The various members of the committee held un informal meeting in the Senate cloak room today with a vew to a better understanding among themselves but nothing definite was agreed upon Another caucus will be held tomorrow evening at Don Camerons house This caucus will it is beleived be final Before it will come the different propositions which were examined and unacted upon at just nights meeting These are in brief the purchase of tho 12000000 ounces of surplus silver within the next year the offsetting of the national bank note retire meet with additional purchases of silver whenever the contraction falls below SlSO 000000 allowing banks to issue notes to The par vilue of their bonds and to continue con-tinue their charter with a minimum bond deposit of 5000 and Mr Shermans 2 per c nt bond proposition which a majority of tie caucus opposed at least now in connection connec-tion with the other matters The op poueuts of the national bank plan feel that ll Shermans purpose was to use the new bonds as 3 basis for circulation This query was plumply put to Mr Sherman but he evaded a direct reply The proposition proposi-tion was then amended so that tho bonds could not be used in that manner and after that had been done the whole plan was thrown overboard I learn today that the free coinage Republicans Re-publicans Messrs Stewart Teller and llitchell particularly are responsible for the failure to agree to the remaining propositions propo-sitions last night What they want is not so much the purchase of the 12000000 ounces of surplus silver as an increase in the present jHonihly purchases to about seven million ounces Until these gentlemen fall into line nothing can be done A refusal on their part to bind themselves to the caucus decision might result in a free coinage amendment to whatever financial legislation legisla-tion may be proposed and this would undoubtedly un-doubtedly be carried in spite of all the opposition op-position of conservatives It is believed however that at Wednesdays caucus they may be persuaded t accept the fore suing compromise as a matter of party policy leaving the subject of free coinage over until the next Congress convenes The Stars review of the financial situa lion this evening contains the following paragraph The reports from Wall street wore not satisfactory this morning and the lower quotations for silver seemed inexplicable inex-plicable t the treasury department It had been esnected that at least the prices of yesterday would hold Reports indicate that plenty of money is to be had on the light sort of security but money is not seeking seek-ing investment There are indications also that the people are doing less business through the banks while on the other hand the banks arc holding large reserves to secure them against a run The unusual tJing of treasury drafts being cashed by tac payees at the subtreasury instead of through the banks is another evidence of the general timidity The department has difficulty In complying with the demands for small notes and for the quick exchange of large sums of money between commercial commer-cial points |