Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1890-12-18
WASHINGTON LITTER.
From our regular correspondent.
WASHINGTON, d. c., Dec. 18th. 1896


The President has for several
DAYS been holding conferences on
the financial situation with republi-
can leaders, in and out of Congress,
and it has been determined that
immediate relief is necessary. The
Secretary of the Treasury has gone
as far as he possibly could both in
the purchase of bonds and of silver
to relieve tiie stringency in the
money market, and it now devolves
upon Congress to devise quick
method of putting more money in
circulation. Everybody favors
bringing about that result, bat so
far, unfortunately, there is no unan-
unity as to the ways and means of
doing it. More than a dozen meth
DDS have been proposed in bills
introduced in House and Senate,
and it is to arrive at some conclusion,
which will EN- brace the composite
views of leading republicans, that
these conferences are being held.
Senator Sherman's idea, which
has been introduced as "a bill, and
which is receiving the closest atten-
ton because Of his well-known con
servatism in financial matters is to
reduce the amount of United States
bonds required of National banks,
and thus restore to active circulation
between 10000 0Oand 100000.
But the idea which seems to promise
the quickest relief, and which also
seems to have the most supporters,
is that the Secretary of the Treasury
be authorized to purchase all the
silver bullion now on storage In this
country, which is estimated to be
about thirteen million ounces, and
to issue in payment therefor silver
treasury notes authorized by the
silver oct which became a law at the
last session Of Congress.
Speaking OF financial matters,
Senator German is being very sharp
ly criticised for language he used
on the floor of the Senate, in order
to make political capital against the
election bill. The language being
calculated to add to the financial
scare already existing throughout
the country, aud worst of all, cause
lessly. Many democrats have con
demned the lack of judgment on
Mr.. Germans part, and expressed
the fear that it would injure their
party with the business men. If it
doesn't it will be strange. just
now every man should be trying to
inspire confidence, instead of trying
to create panic.
The census committee of the
House has agreed to and will report
an apportionment bill providing
that after he Sd of March, 1898,
the House Of Representative shall
be composed of $50 members, ap
portioned as follows: Alabama 8,
Arkansas 7, California 7, Colorado 2,
Connecticut 4, Delaware l, Florida 2,
Georgia IL, Idaho l. Illinois %, ln-
diana 10, Iowa IL, Kansas s, Ken
lucky IL, Louisiana 6, Maine 4,
Maryland 6, Massachusetts 10,
Michigan -, Minnesota Z, Missis-
sippi 7, Missouri Is, Montana l,
Nebraska 6, Nevada l, New Hamp-
shire 2, New Jersey s, New York "a,
North Carolina 8, North Dakota !, ,
ONO y, Oregon 2, pennsylvania ~,
Rhode Island 2, South Carolina 7,
South Dakota 2, Tennessee 10,
Texas Is, Vermont 2, Virginia 10,
Washington 2, West Virginia 4,
Wisconsin 10, Wyoming l. This
bill will be pushed through without
delay, and quite a number of dem
ocrats have announced their inten-
ton of voting for it.
Mr.. James w. Hathaway has been
elected postmaster OF tne House of
representatives,
A caucus of republican Senators
has appointed five Senators as
2uxiliaries TO the republican men,