The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1890-12-24

II
The Republican scnntors Hold = Caasue
ami Dcclde upoi. Their Line % Procedure
Financial Legislation "a be Given Pre-
cedcncc Over the Elections uili-Ihe
Latter "a he Passed Later On-Outiine
of the Financial Proposition.
WASHINGTON. Doc. 1s.-The Republic
an senators were in caucus for three
hours last night considering the imam
cial question and the question 81 pass
ing the Federal Elections bill. The re-
suit Of the caucus is the adoption OF
the financial scheme reported from the
caucus committee Monday night In sub
stance. with the clause providing for The
issue Of two per cent bonds eliminated
This proposition will be brought Leforo
the senate before the vote Is taken on
the Federal Elections bill. and after
wards q rule will be reported 10 provide
for establishing the previous question.
the object Of this rule ocing the passage
Of the Elections bill. II was also de-
tcrmined practically that there will b
no holidays at Christmas time.
The bond proposition Of senator
sherman was not given up without a
struggle by the Senator from Ohio. He
had the caucus committee in session all
afternoon trying TO agree 70 some COM
promise which might he accepted by
the caucus in place Of his original pro-
position. and he urged upon the caucus
the necessity Of adopting either his
! proposition or that Of Secretary VIM
dom for the issue Of interconvertiLle
bonds. Neither Of the propositions was
acceptable to the caucus. however. and
the bond clause was stricken from the
bill.
Another important change made in II
related to the amount Of bonds deposr
tied to be required Of the National
banks. The proposition Of the caucus
committee was Il reduce tn, amount for
all banks Of $50. 900 capital, but to leave
the law unchanged affecting other
banks. The other features of the cau-
Gus bill were:
1. The purchase Of ST., 600, 900 silver
during the calendar year 1891. not more
than 50. 000.0 900 in any one month and
the issue of Treasury notes on II ac-
cording to the provisions Of the law OF
July IL, 1890.
9. The issue Of Treasury notes based
on silver to take the place of National
bank notes retired whenever the
amount Of the National bank notes in
circulation shall fall below S1s0.0 900. 900.
and the issue of United States notes
when silver can not be had.
3. The recoinage Of the subsidiary coin
and the trade dollars in the Treasury.
4. The issue Of National bank notes
TO par amount Of bonds deposited q
secure them instead Of to ninety pei
cent. as now.
5. A provision that when silver shall
have remained nj par for a year. any
one holding silver bullion shall bs
entitled to bring il to the mint and havs
it coined into dollars at the expense 81
the Government.
When this measure will be reported
to the senate is not determined. II !.
not expected hat it will be brought III
this week. although the finance com
mittee. which meets to-day 70 consider
the Binder twinc'' mistake in the Tar
i'll law, may discuss the proposed ncv
financial measure at the same meeting
The general expression Of opinion
was against the adjournment Of tn
senate for the holiday season. and al
though no vote was taken on this II 4
likely the senate will remain in session
through next week.
The debate on the Federal Election
bill will continue through this week
and mex week the financial mcasur
will be brought up while the Election
bill is laid aside. The motion whic'
/. was made at the caucus Of last week I
: authorize the rules committee 70 repor
a general rule for establishing the pre-
vious question was agreed to. but wit
the understanding that the rule will no
be brought until the financial mcasur
\ is disposed Of or until il becomes cvI
lent that the Democratic Senators IN
tend TO prevent the passage OF tn
: financial measure for the purpose =
delaying the vote on the Elections bill