The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1894-08-02
WASHINGTON NOTES
INTEREST IN THE CONFERENCE


WASHINGTON, July 27.-A mes-
senger from the executive mansion
reached the house of representatives
nalf an hour after tine senate had vot-
cd TO send the tariff bill back to con-
terence with a note for Representa-
live MCMILLAN, ranking house con-
fierce, in the absence OF Mr.. Wilson,
asking him to call at the White house.
This following the conference be-
tween the president and Speaker
Crisp EARLIER In the day was taken to
indicate the solicitude the president
felt on the outcome of the second con-
ference. Mr.. Mcmillan declined to
talk of his call ON the president.
Messrs. Mcmillan and Turner are the
only house conferees in town but
Speaker Crisp has word that Mr..
Montgomery will arrive tonight and
Chairman Wilson will be here
tomorrow. The Democratic
conferees will hold an Informal meet
ing tomorrow, and senator Jones said
today that the full conference COM
mittee, including Republican mem
bers, would propably be called to.
gether Monday. The general i'm.
preston about the senate Is that the
conference now agreed on will be pro.
longed as the former one. AS senators
are of the opinion that the committee
will agree on report within two or
three days after the sittings begin or
within the time decide to report an
other disagreement. The preponder-
ance of opinion is, however, that there
will not be another report of disagree
ment. In fact the Democratic con
ferees assert that another disagree
ment means the defeat of the bill.
The indications all point to the prob
ability that the sugar schedule again
will be the principal point Of
contention, and but for the differ
ences on this point an agreement
would be reached after very brief
sitting. The Democratic members of
the conference went through the bill
very carefully during their former
sitting and agreed on vast majority
of the items in 1t, &c that they will
not need to consider these points
again very fully. 1t Is probable, how
ever, that the Republican members Of
the committee will ask for an explain
alton for the many changes and this
action Of course would have the effect
of delaying the conference report.
! Senator Blanchard has new sugar
proposition to submit to the confer
ence, but it is not regarded as at all
likely of adoption. In outlining his
proposition he said that In his opin-
ion the best way out of the complicar
ton wauld be to continue the bounty,
diminishing it at the rate of 1-8 each
year, and to add to the bounty 8 offs
cent dEty on raw sugars and 6-S OF a
cent on refined sugars. This" he
said, would not increase the price OF
sugar TO the consumer and
would yield to the treasury
say $12000000 or $l5,000000 @
year revenue, enough 10 pay
the bounty from the start with
an ever increasing surplus as the
bounty diminishes in amount. The
differential on refined sugars would be
| of a cent, same as proposed in the
Wilson bill as reported from the ways
and means committee and only half as
much as under the existing Mckinley
law. | would also y he added, return
the 1>10c discrimination duty against
sugars imported from other countries.
paying an export bounty"
TREASURY GOLD.
WASHINGTON, July 27.-Tomorrow's.
Outgoing steamers from New York
will carry $4,000, 600 in gold, which was
yesterday and today drawn from the
New York subtressury for export.
This leaves the gold reserve at the
close of business today $50, 1888 526, or
over $4,000, 600 less than thu lowest
point reached prior to the February
bond issue. The cash balance today
was $l24, $50, 439, The treasury officials
exhibit no uneasiness whatever over
the rapid melting away Of
the reserve. The fact that
the available cash balance remains
practically unimpaired aud the expec-
tation that tariff bill will soon pass
both houses of congress and become
law are sources of comfort at this time
to the treasury folks. On the passage
OF tariff bill the officials confidently
expect prompt revival of trade and q
corresponding increase in customs nd
internal revenue receipts. With re-
newed commercial activity return
shipments of gold, it is thought,
would probably set in and continue
until normal conditions are reached.
M'PHERsoN's STOCK sPEcULATIoNs.
WASHINGTON, July q Having on
account of his health obtained indefin-
lite leave OF aDBenco from the SENATE,
senator Mcpherson has volunteered
TO place his brokers books at the dis
posal of the committee to furnish any
other facilities at his command foE
arriving at facts.
CRISP AT THE WHITE HOUSE.
WASHINGTON, July 27.-Speaker
Crisp was again at the White House
today. Although there is strict re-
thence on the part OF those who are
informed OF the conference 1t is ac-
cepted as fact In congressional cir-
Giles that the talk was concerning the
solution OF the tariff problem. Mr..
Crisp did not make his visit known o
! members of the committee
} on rules or other close.
| ass, ciates, and the meeting with the,
: president has not as yet been produce
tive OF any results so far AS shaping
1 the course of the house. The feeling
: continues to be very strong among the
meiubers to end the struggle with
o sucn concessions from the senate as
non ba unt Mr. Grian no vat haa