The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-09-07
In The Revenues OF Your
Uncle Samuel.
Congress Will Keep Right along at Work.
With Possibly Short Recess.
Special Correspondence

w AohANNiON5 DNP-'
Sam is feeling the money squeeze
ust like the rest of US. Instead OF
the prosperous business year ne ex'
pected, it is now certain, unless
there is a radical Improvement, or
legislation of some sort to add to
his revenues, that at the end of the
present fiscal year-June 80, 1924
his balance sheet will show q
deficit of from $50, eco 600 to $780,
900 900. The administration had
hoped TO keep this matter away
from congress until after the silver
bill was disposed Of by the senate,
because of desire not to add any
new complications to those already
existing in the senate, but the
regular monthly treasury statement
contained enough to show those
familiar with national finances just
how things stood, and now the
matter is talked of everywhere that
congressman congregate.
There is no probability of any in
crease in the revenue from custom
duties until after the Lew tariff is
ready to 90 into fleet, and if it
shall seem probable from the tariff
bill which will be reported to the
house that the cuts will be many
and deep, there will be still fur.
ther falling eff, as importers will
all wait for the new tariff. 1t is
not probable that any action will be
taken in congress to help the treas.
ury until after the president shall
have made known his wishes,
either by a special message or
through the leaders of his party,
although several propositions have
already been made in both house
ard senate with that end in view.
The house has adjourned until
Wednesday, when it will resume
the debate on the proposed new
rules. AS a whole, this talk has
been dry and uninteresting, but
there have been several exciting
episodes and the majority of the
house has shown it's independence
by changing several of the rules
proposed by the committee. 1t is
expected that the rules as finally
adopted will differ little from those
of the last house, and that the de.
bate will end this week, but con.
gressional expectations are oftener
disappointed than realized.
What will the house committee
on coinage do with its newly &C.
qaired right to report bills at any
time? That question has been
asked many times since the rules of
the house were amended, giving it
and the banking and currency com.
mittee that right, which has here
tofore been vested in only two com.
neutrality-suspicious. and ways
and means-and your correspon.
dent asked it of a member of the
committee. I'VE will use it," was
his reply, "to report free silver
bill, IN order to give those members
who talked 80 nice about what they
would be willing to do for silver in
the future, when declaring their in
tentions to vote for the Wilson re-
peal bill, chance to vote as they
talked; but we do not propose to
add to existing financial unrest by
reporting such a bill at this time.
We will wait awhile" AS this
committee is controlled by silver
men IL can, under its new autt ority,
report bill whenever 30 disposed
Everybody now seems,to be agreed
that congress will keep right along
at work, with The possibility of a
short recess Of a couple of weeks in
October TO give the members a
chance to visit the Worlds Fair be.
fore its close, but somehow the man
ner in which the committees on the
senate side are acting, or rather.
not acting, indicates that the sena
, tors have doubt about it. AT any
rate the senate committees are
doing nothing. Those of the house.
with the exception of ways and
means and banking and currency
have had nothing to act upon vet,
but they will be overrun with bills
las soon as the rules of the house are