The Monitor. [volume] (Woodstown, N.J.) 1884-1892, 1890-12-26

trnm ourrcrnlar corresnondent.l

Will Congress pass any financial legis-
lation at this session? 4 week ago nine
out of ten of the best Informed men in
Washington would have Enthusiastically
answered this question in TIE affirmative.
To day the same men will tell You that it
is extremely doubtful, With tie chances
against such Legislation. You naturally
ask what has caused the change OF opinion?
The principal cause has been the fear that
aDy financial bill which got before the
! Senate would be amended so as to provide
for free coinage OF silver. A caucus of
Republican Senators endorsed a bill pro-
viding for the purchase of Il, 1000, 00C ad-
ditional ounces of silver and fer the re-
coinage of the S25, 000 1000 in fractional
| currency and trade dollars now in The
Treasury, and it was introduced in the
Senate. and without any loss of time
Senator Reagan offered an amendment
providing for free coinage. This has
alarmed the opponents of free coinage in
that what amounts practically 10 an agree
ment has been made between them, which
will prevent any financial legislation at all
at this session. Certainly none is looked
for Immediately, or Senator Allison would
not have gene home to spend his Christ
mas, as he has done. This is far from
satisfactory to the silver rgen, ard il any
opportunity occurs they will take things
in their own hands, but the way legis-
lation is managed i'll both Senate and
House makes it extremely doubtful
whether such an opportunity will be given
them. OF course it is possible that a little
furry in the financial centers of the country
may bring about a sudden change of mind
on the part Of these opporents TO free
coinaee.
Senator Ingalls, has obtained a two
weeks leave of absence, aud has gone To
Kansas 10 try to persuade the Farmers
Alliance legislature to eelect him. He
may succeed, but if lie does be will sur
prise a great many folks here.
The debate on the election bill has been
quite Interesting of late. After the Demo
Gratis had said about everything possible
against it from a party standpoint, Senator
Stewart surprised everybody by making a
strong speech against it from a Repabli-
can standpoint. He vas followed by Sen.
ator Spooner, who made a long speech in
favor of the bill that has attracted q great
deal of attention, because Of the moderate
language he used. Somehow the bill is
not yet considered out Of the woods, not
~withstanding the agreement by a Reput-
lican caucus to change the rules in order
to cut off debate and force it to a vote. The
Democrats say they viii debate the pro-
posed change of rules when it is attempted
to be made, until the end of the session,
and that they ann be stopped under the
present rules. On the other baud, the Re-
pubIicans claim they will have no serious
trouble in changing the rnles. Time will
tell which is right.
The most important event of the week
in Congress was Senator Stanford S speech
in favor Of his bill to provide the Govern
ment with meaus to supply the national
want of a sound circulating medium. This
is the bill 70: loaning money on farm
mortgages. No person listening to Mr..
Stanford's remarks could doGbt his sin
certify in believing that, although a new
and untried idea III the financial world,
this measure is a good and practicable one.
| regret that lack of space prevents my
quoting Mr.. Stauford's entire speech, be-
cause in no other way can his idea be pre-
sented clearly. The bill has been re lerrsd
to the Finance Committee, which will
never willingly report it back to the Sen
ate. However, Mr.. Stanford says lie in
tends having it reported back and voted
upon If it is possible to DO so.
1t seems strange after all these years in
the Senate that Just as his Senatorial career
is drawing 70 a close Senator Blair should
have shown himself to be 4 humoIist Of no
mean order. lie made a personal expla-
nation in the Senate on Friday thai "a irly
dubbed over with hu3nor. 1t was about a
paragraph in a newspaper speaking of MIR.
Blair's OF becoming a member of
UnS Cap4HSb t'idL lAG cApidhdi4Ol was
made.
President Palmer of the Worlds Fair is
here. He says that Mr.. Harrison will this
week issue the proclamation required by
law, inviting foreign nations to take part
therein.
Senator Pettigrew wants the sale of
arms and ammunition to Indians on reser-
vations prohibited, and las introduced 4
bill for that purpose.
IfConsress persists in its present notion
Of taking no holiday recess, it will be
purely for effect, SO far as the House is
concerned. for il will be impossible to
keep a quorum here. Tie Senate may
hold a quorum during the week, because
the tao parties are watching each other
and each side is afraid to stay away,
WESTON.
Organization Of loan Associations.
The many building and lean associations
of the State have for some time been discus.
| o,,a. III. .af+0p 81 orr, u, Gfa4n.