The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1890-12-18
WASHINGTON LETTER.
[From our regular correspondent ]

has gone as far as he possibly could,
both in the purcha.e of bonds and of
silver, to relieve the stringency in the
money market, and it now devolves up.
on Congress to devise quick method of
putting more money in circulation.
Everybody favors bringing about that
result, but so far, unfortunately, there is
no unanimity as to the ways and means
of doing it. More than dozen meth,a!s
have been proposed in bills introduced
in House and Senate, and it is 10 arrivv
at some conclusion, which will embrace
the composite views OF leading R"puhli
cans, that these conferences are being
held.
Senator Sherman's idea, which has
been introduced as bill and which is
receiving the closest attention because
of bis we'll known conservatism in finan-
cial matters, is to reduce the amount of
United States bonds required of National
Banks, and thus restore to active circu.
lation between Sl5,OOO,OOO and $40, ,OOO,-
000 But the idea which seems to prom
Use 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 in storage in this country,
which is estimated to be about thirteen
million ounces, and to issue in payment
fharafnr ci lx,ar hnr al
by the silver act which became law at
the last session Of Congress.
Representative Peters, OF Kansas, says:
II intend to introduce bill providing
for the issuance by the Treasury of
notes on all bonds deposited for that
purpose to an amount equal to the full
| face value of the bonds, and in addition
sum equal to about three and hall
per cent. interest up to date of maturity
of the bonds-that is, to issue notes on
bonds and interest"
Senator Plumb has introduced com.
pound bill to reduce the amount of bonds
to be required of national banks to re-
place their surrendered notes and for
the free coinage of silver. He has also
offered the same matter as an amend.
ment to bill now on the calendar, so
that he may be able to bring the matter
before the Senate without waiting for a
report from Finance Committee. He
also gave notice that if the Federal
Election bill was not soon disposed of,
that he should move to lay it aside for
the time being, in order to consider his
bill and others relating to the financial
condition of the country.
Speaking of financial matters, Senator
German is being very sharply criticized
for language he used ON the floor OF the
Senate, in order to make political capital
against the election bill. The language
being circulated to add to the financial
scare already existing throughout the
country, and worst of all causelessly
Many Democrats have condemned tht
lack of judgment on Mr. Germans part
and expressed the fear that it woult
injure their party with the business
men. If it doesn't it will be strange
Just now every man should be trying t.
inspire confidence instead of trying t,
create panic.
The Census Committee of the Hous
has agreed to and will report an appor
tionment bill providing that after the 81
OF March, 1898, the House of Representa-
tives shall be composed of 356 members
apportioned as follows: Alabama 8, Cali
fornia 7, Arkansas z, Colorado 2, Con
necticut 4, Delaware l, Florida 2, Georgi
IL, Idaho l, Illinois %, Indiana Is, low
II, Kansas s, Kentucky IL, Louisiana
Maine 4, Maryland 6, Massachusetts Il
Michigan II, Minnesota z, Mississippi
/. Missouri l5, Montana l, Nebraska
Nevada 1, New Hampshire 2, New Jel
sey 8, New York "a, North Carolina
I North Dakota /, Ohio 21, Oregon :
Pennsylvania 30, Rhode Island 2, Sout
Carolina Z, South Dakota 2, Tennessee
I 10, Texas Is, Vermont 2, Virginia II
!. Washington 2, West Virginia 4, Wiscor
sin 10, Wyoming l. This bill will b
pushed through without delay, an
quite a number of Democrats have ar
nounced their intention of voting for i
L Mr.. James w. Hathaway has bee
elected postmaster of the House of Rel
resentatives.
A caucus OF Republican Senators hi
appointed five Senators as auxiliaries
the Republican members of the FinanC
' Committee, and instructed them to pr
pare and report to another caucus to |
u held next Monday night, bill to affor
financial relief to the country. At tt
same caucus the question of changir
the rules of the Senate in order to di
: pose of the Election bill was discusse
. but it was postponed to the next caucu
The Senate is now putting in thirtee
II hours day on the Election bill, NEE