Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1888-01-20
sWasHlNaroM LETTER.
WAsuISoros, Jan. 10, 1883.

N conference OetWeen NUMBER
OF Republicans was held Welnes.
day night, ut which there was a
general discussion OF the Presidents
message aud Of the policy of the
party. A member who was pres
ent expressed the opinion to your
correspondent that they Except,
probably, two or three members)
would all act together and follow
their leader. Both parties are feel
ing about them OH all sides with
great cautiOn, and the individual
members are keeping their own
counsel more than usual. Gener-
ally the Republicans have been
able to find ont about how Mr.. Ran.
dali would stand, and could make
their calculation accordingly. But
he is entirely on-cOmmittal now
and they can make nothing out OF
him, If the tariff debate is got NJ,
in the House early the Democrats
will get their opponents ut a great
er disadvantage than they would il
they we've given more time, and
therefore it is tho purpose of the
Ways and Means Committee to get
ready for the fight as soon rs pos.
sible. Their chances tor getting II
bill through depend much upon
prOmptiess,
The reason the resolution refer.
ring the Presidents message to the
Ways and Means Committee pass.
ed through the House yesterday
without provoking the expected
discussion of the message, WAX that
the Republicans were not prepared
to enter into such discussion.
1t lis believed by the leaders that
they will be able before long to
agree upon a line Of policy which
will enable them to meet the Demo.
Gratis with almost All unbrokeu
front. AS yet, however, they have
accomplished no such agreement.
A bill introduced in the House
this week by Representative Bliss,
OF New York, to dispose of the sur.
pins i'll the Treasury Of the United
States and to prevent the accumu-
lation thereof, provides that when.
ever and as often as there shall be
an accumulation in the Treasury of
the United States Il sum exceeding
the sum Of S10,0OO,eOO over the
sum necessary to pay the regular
and contingent expenses Of the
government, the Secretary of the
Treasury shall Immediately report
the fact and the exact amount Of
the surplus to the President. With
in thirty days after the receipt of
the report the President shall cause
the Secretary of the Treasury to
advertise in two or.more newspa-
pers in each city of the United
States containing IL population of
over 100000 inhabitants for the
purchase Of bonds of the United
States to the full amount of the
then existing and declared surplus;
said advertisements to be made for
the space of thirty days; said adj
vertiSements shall set forth the
number and character Of bonds re-
Quired to be purchased, and shall
invite sealed proposals for the pur-
chase of said bonds under such or
binary regulations as the President
may direct. Within ten days from
the close of the thirty-day adver-
tisement for proposals the Secre-
tary Of the Treasury and Controller
of the Currency and Treasurer Of
the United States shall proceed to
open and declare publicly all Of the
bids received, with the names of
the bidders, the amount of bonds
offered and price, and they shall
then adjudicate the purchase to the
person or persons who have offered
bonds at the lowest rate; provided,
however, that the President of the
United States shall have q right to
reject proposals, if in his opinion
their acceptance will be disadyan-
tageous to the government.
1t is understood that there will
he 81 strong effort made in the
House to dispense with the rule
which sets aside Friday evening
sessions for private pension bills.