Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1895-02-09
REED HAS A BILL
VIII Offer a Substitute for the
Bond Scheme.
AS A TEMPORARY exPEDlENT
silver Men In the senate Expect to Bring
About Legislation In Favor OF
the white Metal.

washington, Feb. 4-The calcula-
tons of the supporters and opponents
OF the new administration financial bill
were upset today by the intersection OF
a new factor In the campaign. Mr..
Reed. the republican leader. brought
forward a new plan for which he Is en-
deavoring to enlist the entire strength
of his party and which he will offer as
a substitute for the administration
scheme, IL he thinks the plan can com
mand sufficient support to make II
factor In the fight
There are but two sections to the Reed
plan In the form In which he has sub
mitted IL to his colleagues. The first
proposes to restrict the law of 1875 which
authorizes the secretary OF the treasury
90 issue bonds TO redeem greenbacks, to
per cent bonds. The second section
authorizes the secretary OF the treasury.
when there is a deficit, to issue certifl-
Gates OF Indebtedness to pay current
expenses. the certificates to be In the
sums of SIS. $50 and 500 and any
multipies thereof. bearing interest at
3 per cent. and payable in coin
The bill, as Mr.. Reed explained to the
republicans whose support he sought,
In but a temporary expedIent to tide
over the pTtstnI Inc
tuition OF coin" for the gold provisions
of the administration plan Is expected
TO win for II the federation, II not the
support, OF the free silver men, who
bitterly oppose all propositions 10 dis
crfminate by a stipulation in any bill
In favor OF gold. Its comparative sim
plicity. II is expected. will commend
the bill TO the house in preference to
more complex plans.
Mr.. Reed devoted himself assiduously
throughout the day TO cloak room con
sultations with republicans. He first
endeavored TO elicit the opinions of tins
gold men and then tackle the silver
men. The measure of his success is diff
ficult TO estimate. The plan is TO Offer
the bill as a substitute for the admins.
tration bill and by polling solid re-
publican vote. while the democrats are
divided on the administration bill. make
II the most formidable proposition In
the field and perhaps induce the demo
cratic opponents of the administration
bill to rally TO it's support.
Chairman Springer and his colleagues
have counted on most of the republican
votes for the administration bill anc
have prophesied that II would poll about
the same support that was given 4
the repeal OF the purchasing clause Of
the Sherman act. Accordingly Mr.
Reeds move overturns their calcula
ton to a great extent.
SILVER SENATORS ACTIVE.
Interest In the financial question
about the senate today centered In tn
activity OF the silver senators and FIRE
quent conversations held by them. This
taken In connection with the call issue'
by Senator Voorhees,. chairman of tn
finance committee, for a meeting to
morrow, led to general suppositiol
that an attempt win be made by tn
silver advocates on the committee I
secure the reporting of a free silver bill
Inquiry among the members of the com
mittee failed 10 develop absolute as
surance that the effort would be made
but enough was said In many quarter
90 indicate that the general suppositio
was not without good foundation and
Justify the statement that the silve
men are very hopeful of bringing
free coinage bill out of the COMMITTEES
IL not at tomorrow's meeting, at III
next one to be held They believe thu
senator Jones of Nevada will unit
with Senators Voorhees,. Harris, Yes
White and Jones of Arkansas In SUI
factory to the silver men.
THE TREASURY SERENE.
The treasury officials generally e,
press the opinion that Secretary Ca
isles estimate of the surplus of s22
$780, 900 for the calendar year OF 1895
conservative. They urge that III
customs duty on sugar should bring
at least s35. 900 during the next
months and that the revenue from II
income tax Is likely to reach $40. 200. 90
The receipts from general customs an
from whisky Withdrawals are expects
10 materially increase from now o
which IL liz believed will bring the r
ceipts for the IL months up to abo'
$3.50. O00, 600 The disbursements for Il
year IL Is thought. will not exceed 1851
00o. 900. leaving n surplus after deduc
Ing the $1,000. 900 deficit for January
s22. o00. 900.
A spirit of serenity pervaded a
treasury department today that WI
quite In contrast with the anxious iooi
and hurried movements of the ofiicia
last week. Secretary Carlisle was
his Office and saw all corners. which
has been unable to do for some tin
past In answer TO all inquiries, NJ
Carlisle stated that he had nothing
say on the financial situation. ASST
tant Secretary Curtis was also In
office. but he would not say whether
not his mission TO New York had be,
successful. So far as can be learned
steps have been taken to prepare plal
for another bond issue.
ENEITEAERT unIrGE