The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1894-12-28

From Our Regular Correspondent.


WASHINGTON, December 24.-f proof were
needed that the administration stands ready to
meet Congress more than half way on any
proposition looking towards currency reform,
it was given by the readiness with which Secre-
tary Carlisle agreed to the substitute for his
bill proposed by the Democratic members of
the House Committee on Banking and Cur
rency. The principal differences between the
substitute and the original bill are, that ma
tional banks will have the option of continuing
to do business under their present charters I'M
til they expire. or of reorganizing under the
new law, and that they are only responsible.
for the redemption of the notes issued to the
extent of their quota to the safety fund pro-
vided for that purpose.
The bill will probably be further amended
before it is brought to a vote in the House, as
the present expectation is that Democratic
caucus will be held within a day or two of the
reassembling of Congress for the express pur-
pose of action upon the bill and any proposed
amendments. Chairman Springer, who is in
charge of the bill, says: Il feel that most of
stitute, and think we will have safe major
ity for the BILL" Representative Bland, of
Missouri, is one of the Democrats who do not
think the bill will pass. He says he intends to
offer his bill providing for the issue of coin
and coin notes by the government rs substi-
tute.
has long ago demonstrated his right to posi-
ton in the front rank of the leyelheaded men
of the House, says of the currency reform bill:
There are some things in the measure which
like, and many which do not approve, but /
take the position that if the Secretary of the
Treasury and members of the Banking and
Currency Committee say that this is a step in
the right direction, am going to vote for it.
l think the Democrats ought to stand together
as party upon measure which the admins
tratiOn endorses. | have no idea that the bill
will pass the Senate, but l want to see the
House do its duty. My own idea is. that when,
in the last days of the session it becomes APP
parent that there can be no financial legislation,
both Houses will agree to a monetary commits
sion, such as | suggested in a bill introduced
sometime ago.
It is said that Senator Sherman, whose thrift
ness has never been eXcelled by any man in
public life, owns One-half of the square of
ground which u bill introduced by Senator
Quay proposes to purchase for 81 900, 900 to
be used as site for a residence to be erected
for the President of the United States. There
is no doubt about the President needing a resi-
dence, but there is much about the passage of
President Cleveland returned from his hunt
ing trip feeling splendidly and loaded down
Christmas tables of every member Of the cabi.
net and of a few other personal friends. He
was delighted with the South Carolnians he
met and expresses the wish that he may enjoy
other triDs to the same vicinity. He found the
White House alive with preparations for the
Christmas tree entertainment that little Ruth
and Esther are to give to few of their little
friends.
The Democrats of the House have no reason
to feel ashamed of the record of their work
during the first three weeks of the session.
priaton bills and a number of minor bills and
have devoted five days to discussion of cur
rency reform. The Senate has done very little
and the little it has done is not apparent to the
public, as it consists mostly of preliminary
work on appropriation and other bills.
Some of ex-Speaker Reeds friends say that
he considers himself far in the lead in the race
for the Republican Presidential nomination.
and that he has no fear of either Harrison or
Mckinley, but thinks he may be defeated by
some dark horse such as Senator Allison or
Governor Morton. Democrats would prefer
the nomination of either of the first three men,
if they had any say in it. Either of them would
be easier to beat than Allison or Morton, be-
cause of enemies in their own party.
Chairman Wilson, "a the House Ways and
Means Committee, expects that his bill for the
repeal of the differental duty imposed on SUI
gar imported from those countries which pay
an export bounty, will be reported to the
House and passed soon after the recess. This
is the duty that Germany claims to be viola
ton of the most favored nation" clause of the
treaty with this country, and which many be-
lieve to be partially, if not wholly, responsible
for the action Germany has taken and has
caused Denmark to take against American
meat There is little doubt that this bill ought
to speedily become a law, but, as Senator
George SAID of what the Senate would do after
the recess 1.-The business transacted will be
what small minority of this body decide it
hall be-" c. A. S.