The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-08-22

49, [3#fTW,ss siuia as CHAIRMAN
WNt|l~1 OF the ways and
VI WILSON means committee,
and the iliinolsan is given the chairman
ship of the committee on banking and cur
reney. Holman of Indiana, the venerable
watchdog of the treasury" is denosed
from the committee on appropriations in
favor of Sayres of Texas, and given the
head of the committee on Indian affairs.
Bland of Missouri is retained as head of
the committee on coinage, but the free
coinage people are disappointed in the
committee being changed so as to leave
much doubt whether the free coinage peo-
pie are not in the minority and whether
the financial policy of the administration
may not find a majority in the committee.
Congressman Tracey of New York, who ia
an administration man and second on the
committee, claims that the speaker de-
ferred to the repeating element to such an
extent as to make the committee "mildly
free coinage" instead of aradicalIy free
coinage" and insists ON counting Kilgore
of Texas with the free coinage men. The
committee will only stand nine to eight
for free coinage.
The committee on banking and currency
IL said to be opposed to free coinage,
eleven to six.
The removal of Holman from the head
OF the appropriations committee Is inter-
preted by some 20 mean that the speaker
favors more liberal appropriations in the
Fifty-third congress.
The removal of Springer from the ways
and means committee gives this import
ant chairmanship Of the house to, the
South, but aside from this the makeup OF the
committee on ways and means does not
indicate any essential change from the
policy of the last congfesG
When asked for statement as TO the
reasons which impelied the speaker to de-
pose him from the chairmanship of the
the ways and means committee Springer
said:
ITO say / am surprised at my deposit
ton from the chairmanship of the ways
and means committee and appointment AS
chairman OF the committee on banking
and currency Is only feeble expression,
of the truth. | had no intimation from
the speaker whatever as TO his failure 10
reappoint or as TO his intention TO make
me chairman OF the other committee.
60 from work to which /
have given the best study OF
my life to committee business to which
have given but little attention before.
know nothing Of the motives of the spea yer
or of the object he had in view. He has
assured me that he desired TO do that
which he thought was best for the country
and the Democratic party. hope he is
not mistaken, but opinions may differ. /
do not care TO make further statement at
this time"
The impression is growing about thu
capital that the present extraordinary ses
sion of congress may come to an end
about the middle OF September This an
pears to be based upon confidence in
the possibility of compromise being en-
tered into within that period upon the
financial question. Nearly all the i'm por-
tant legislation accomplished in recent
years has been the result of compromise
and the outcome of a conference of COM
mittees. These persons who hold 10 the
opinion that adjournment is possible NEXT
month say that Mr.. Vests proposition TO
provide for the free coinage of silver at a
ratio of 20 TO will be passed by the sem
ate and ultimately will become part of the
bill for the unconditional repeal which in
expected TO be passed by the house The
likelihood of veto by President Cleye-
land OF such measure has been
discounted by the believers in the
reported early adjournment. They ar
que that il would be impossible TO rally
two-ihirds vote in either house
10 pass II over his veto, and that nothing
could be accomplished so far as the finan-
cial situation is concerned by congress re-
naming in session after such q veto was
received. More experienced watchers of
political events place no confidence in
these early adjournment theories.
Orders have been issued by the treasury
department to all ub-treasurers to paw
out gold over the counters the same as
other classes OF money. The effect of this
is to practically place the gold reserve
among the available treasury cash assets.
As result the gold balance Is somewhat
reduced. being slightly below 500, ooo, ,ooo.
The net treasury balance is sIi, $50 900.
Offers of silver TO the treasury -ciepart-
ment today were 265. 600 ounces. of which
5000 ounces were purchased az .74lx.
The same price was rendered for the re-
mainder.