Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1891-01-16
WASHINGTON LETTER.

WASHINGTON, d. c., Jan. 12.-The
President is, to the ordinary observer,
apparently spending his time about as
usual. but he isn't by long shot be is
working hard day and night to keep the
ship which bears the administration and
the Republican party in the middle of
safe financial channel, and he is being
aided by Senators Sherman, Allison and
others in both House and Senate, who
have for years been identified with the
financial policy of the Republican party
which has given the United States pc
Rod of prosperity never equalcd by any
nation at any time.
The unanimous agreement to vote upon
the Authorization financial bill in th'
Senate on "Wednesday of this week is ont
of the results of those conferences it wal
believed that it would be injudicious, no
to say positively dangerous to have / 70
tracted financial debate In the Senate al
this time, just as the public is regainlni
confidence and the money market is be
ginning to show healthier signs than FOL
some months past.
l endeayored, by means of persona
interview, to ascertain in what shape the
financial bill VII go through the Senate
1T Will certainly 60 through in some
shape, but owing to the disposition on the
part of many Senators to be non'commlt'
tai regarding some of the proposed
amendments the definite Information
gained was not great. The silver mer
are loud in their claims, and it certainly
looks as if hey were well grounded SC
far as the adoption OF a free coinage
amendment is concerned, although those
senators opposed to going to the extent
of free coinage at the present time are
positive in their confidence that it will
not become law even if adopted by the
Senate. This confidence is based upon
several things: First, is the great In
fiuencc of the conservative men OF the
country, who will be aroused by the adop'
ton of a free coinage amendment TO the
financial bill by the Senate; these
men will protest against such an
amendment not because they are opposed
to silver, but because they fear the
effect upon the country of such a
radical step at this time, and that their
protests will have great weight in the
House cannot for moment he doubted
next comes the opposition of Speaker
Reed and some of the most prominent
Republican Representatives and last, but
by no means least, is tie opposition OF
the President; this oppositlon has been
so far confined to moral suaslon-the
President has made no threat OF vetoiDg
the measure, as has been reported, and l
don't believe he has ever even considered
it. 1t is principally because he thinks a
flee coinage amendment will result IN
killing the other features oftbe bill, which
he believes will be of more general bene-
fit, that be is opposed to it.
Twenty-three Democratic members OF
the Idaho legislature, who voted against
Senator elect Dubois, have sent pro-
test to the Senate against allowing him
to take his seat, the ground being alleged
illegality in his election. There is no
of any attention being paid to
the protest, as the ablest constitutional
lawyers in the Senate have already pro-
nounced the election of Mr.. Dubois to be
legal.
Whether the election bill will again be
taken up is an undecided question with
the Republican Senator'S, and l think its
decision will depend largely upon the
tone of the Republican press during the
next few days-if the Republican news
papers had been unanimous, or even near
" 80, in favor of this bill 1t would long
ago have become law.
The shipping bill still hangs fire in the
House and its friends are not as confident
OF its passage as they were a week ago.
The trouble arises from the opposition on
the Republican side, which numbers from
twenty to thirty.
The condition of the United States
Treasury as an unfailDg barometer of the
money market, and the daily increase in
the surplus shows that confidence is rarid-
~ returning and that money is again
in its usual channels. The
surplus now amounts to more than $lS.-
100000, in spite of the large purchases of
silver and bonds which Secretary Win
dom is constantly making in order to put
the money back into active circulation,
and it will not be surprising if proposals
for the purchase of per cent. bonds
only Al per cent. bonds are Low purchased
are shortly issued by the Treasury de-
partment.
The Senate committee on Foreign Re-
latons has reported in favor of the United
States guaranteeing SlOO,0OO,OOO of bonds
to he issued to complete the Nicaragua
canal. The committee says in its report
that this would be the most economical
method of protecting the interests of the
people of this country in the canal.
Representative Anderson of Kansas,
has introduced a resolution requesting
the Interstate Commerce commission to
Investigate the western railroad agree
ment and report to Congress.
Secretaries Noble and Proctor are in
perfect accord on the Indian question and
all reports to the contrary are sensation
al fabrications. without foundation.
All Surrender.
ABSOLUTE SUBMISSION OF TUE CHIEFS.