Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-30
He Fears There Will Be No Financial
Legislation This Winter.
THE BOND ISSUE TO Be DISCUSSED
Appropriation to Be Made to Garry
Out the Income Tax.
THE NICARAGUA CANAL

Speaker Crisp regards 1t as desirable
that something should be done at the
coming session of Congress for the per-
manent adjustment of our financial sys-
tenn. Whether such a thing can be ac-
complshed Is another question. Speaking
with a representative of The Star today
Judge Crisp said:
II don't know what can be done In the
way of legislation at this session, but
fear not much as we should like. 1t is
very important that there should be SOME
legislation on finance. / am not prepared
to predict what, If anything, may be done
at this session, but IL must be apparent to
every one that the present situation should
not be permitted to remain long. What
ever suggestions the administra ton has to
make will be awaited with great interest.
Whether or not Mr.. Carlisle will present a
proposition which will meet with general
approval no one can say until the message
comes In. financial system which puts
1t In the power of any one to deplete the
treasury Of gold and to compel the govern
ment to increase its interest-bearing obli-
cations by the issue of bonds is vicious,
and should be corrected as speedily as pos
sible."
The Recent Bond Issue.
do you think that the recent issue of
bonds Is likely to lead to any action to
provoke discussion by Congress-"
The matter is very apt to be discussed,
but whether 1t will lead to any action
am unable to say. 1 have not talked on
the subject with members of the House.
There is a difference of construction of
the law between the Secretary of the
Treasury and the judiciary committee as
to the purpose for which bonds may be
issued. The judiciary committee, report
ing on the subject have declared that
there Is no authority for a bond issue ex-
cept for redemption purposes. Mr.. Car
Isle has held that the money derived from
the sale of bonds may be used for other
purposes. 1t may be that this recent is
sue of bonds will excite controversy over
that question. A resolution on the subject
was reported by the judiciary committee
at the last session, and it is not improb-
able that the committee will call it up for
action, but / do not know what their pur-
poses are. But. regardless of what justif-
cation there may be for the issue Of bonds
under the present conditions, there is an
urgent need for correction of a system
which renders such conditions possible"
A. to Tariff Legislation.
do you think there will be any further
tariff legislation at this session.
81 cannot say as to that. 1t Is a mat
ter for the Senate to deal with. and action
there is a very uncertain thing to spec u
late upon. The public impression seems to
the alcohol bill"
do you think there is any chance OF
free sugar?"
1T seems to me that the same influences
which during the long session put the duty
on sugar will be able to prevent a repeal
during the short time there is left for this
Congress to legislate."
do you think there will be any measure
adopted to provide additional revenue?"
mo, don't think any measure of that
sort will be necessary. The present law,
i think will produce abundant revenue
when 1t gets fully into operation. 1t must
be given some little time"
The Inceme Tax.
rs there anything In this talk about
Withholding the appropriation to put In
operation the income taxi"
II think that is all nonsense I can see
no reason to anticipate any trouble of that
sort. The majority who passed the law
will provide the means for it to be carried
out. / do not believe there will be any
serious effort to defeat the appropriat tion
Men who oppose the income tax feature Of
the tariff bill will doubtless have something
to say about the matter. but that viii be
probably all IL will amount to-"
What other measures besides the ap-
preparation bills do yea think will probably
be acted on this session.
at seems to me that there will probably
be an effort made to do something with tire
Nicaragua canal. i am not familiar with
all the details of the bill reported by the
committee, but think that that or come
other measure dealing with this subject is
very apt to be acted on. Then there are
the bankruptcy bill and the anti-option
bill. which the Senate should dispose of be-
fore the close of the session. A number Of
things may be attempted, but there is no
program arranged. and everything depends
upon what the general feeling Is when We
all get together"