Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1894-01-18
WASHINGTON GRIST.
Speculation on the New Tariff Bill's
Chances-SenatO Walthall
Tenders His Resig-
nation.
Teller Talks Of National Finanees-A
Conflict on the Bond Issue
Matter

REGULATIONS ON THE WILSON BILL.
Washington, Jan. .1S.-Ex-Speaker Reed
to-day said: "The majority in the house
will keep their ranks sufficiently together
to pass the Wilson bill. Still I am not
ready to conceds that they can do this.
You can never tell how these ques-
tions are going until the final vote is
taken" ~ b
Chairman Wilson, of the ways and
means committee, regards its passage as
a foregone conclusion but is making no
estimates on the vote.
Representative Tarsney, of Missouri
has been regarded as the statistician of
the committee on the economic ques-
tions involved. II think" he says, "the
preliminary votes on the amendments
show that the Wilson bill will carry by
not more than Ave short of the full DEM
ocratic membership"
This calculation is on the basis of full
house, which is, of course, out of the ques
tion. The vote would be for the bill 209;
against the bill! 131. If the Populists
vote with the Democrats for the bill, as
is likely, this will raise the affirmative
vote to 221. Representative Mcmillan,
Democrat, of Tennessee, of the commit
tee, says the bill will pass by large ma
jority; that it is not worth while canvass
ing it with exactness.
ADVERSELY REPORTED.
The house public lands committee has
reported back the bill to establish new
land Office at Socorro, N. NJ, with the rec
ommendation that it do not pass.
NOMINATIONS.
The president has sent the following
nominations to the senate: w. T. Buch-
anan, of Iowa, to be envoy extraordinary
and minister plenipotentiary of the
United States to the Argentine Republic;
Allen Thomas, of Louisiana, to be consul
of the United States at Brunswick, Ger
many.
THE NATION Is THE LOSER.
Senator Walthall, of Mississippi, has
resigned on account of ill health.
The present term of Senator Walthall
would expire March 8, 1895, but he has
already been elected for another six years
until March 8, 1901. He RESIGNS the
unexpired portion of his present term
and as he states in his letter leaves te
the future determination of the question
of serving the full six years term
Among most prominently mentioned
about the capital to-day as successor to
Senator Walthall are Representatives
John NJ. Allen, John Stone, attorney
general, r. s. Hall and Representative 4
@. Catchings. The resignation takes ef-
feet on the Oath inst.
| SENATOR TELLER TALKS ON FINANCE.
Senator Teller, the leade, of the silver
men in the senate, in discussing the con-
dition of the treasury and talk Of lsgisla.
tion for its fSeAief,. said to-day that the
proper solution Of the problem was to be
found in the coinage of the silver bullion
in the treasury. ut is bad policy. che
said, "to borrsY money when the gov
ernment has on hand and lying idle the
material from which money can be made,
What the country wants is more money.
not more gold, and especially when $780,
100000 could be added Immediately to
this fund by issuing certificates against
the seignorage of silver bullion now in
the treasury. This could be followed by
the coinage of the entire amount of this
bullion. It is, I know, claimed by some
that the law under which this bullion was
accumulated requires that there shall
be held in the treasury suf-
6cient amount to redeem the GER
tifcates issued against it, but this
is mistake. It requires that silver GER
tifcates shall be redeemed in coin, and
under the practice Of the treasury depart
ment in redeeming certificates in gold
it is evident that it is sentirely unnecessary
to hold so much in the vaults Of the treas
ury for this purpose
Mr.. Teller thinks that the secretary has
authority to begin the immediate coinage
of this silver bullion, which amounts to
| $4,000 600. He expresses the opinion
that if the secretary does not choose to
exercise this prerogative, congress will
adopt measure making his authority
explicit and putting it beyond question.
! From what silver advocates in both
houses of congress say, it becomes every
day more and more apparent that they
will antagonize any proposition for fur
ther legislation regarding bonds by an
effort, first to secure the coinage of this
bullion, and they are generally of the
| opinion that such substitute would
stand better chance of becoming law
than would bond bill
ooLoRApos BANKS.
The comptroller of the currency has
made public consolidated statement,
showing tho condition of the Hfty-two
national banks in Colorado on Decem-
Der 10. This report is vast improve
ment over the last statement, and will
compare favorably with any other state