The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-02-13
BURYINC DIFFERENCES.
The Parties Coming Together on
a Financial Plan. a.
REFERRED TO A UB-C0MMITTEE.

The Ways and Means Committee of the
ocrats and Two Republicans, Who win
Present n Plan.
WASHINGTON, Feb 13-Thc house com
mittee on ways and means consumed yes
terday one moro of the ten days within
which the treasury has an option to make
the new bonds payable in gold, and made
decided progress toward an agreement
upon plan to be reported to the house.
Altering being closeted for two hours
with Secretary Carlisle the committee
talked over the situation, delegated the
framing of an agreement to sub-commit-
tee of three Democrats and two Republi-
cans, and late in the afternoon learned
that its sub committee had dropped parti-
san differences and had formed common
ground.
The members Of the sub committee APP
pointed to draft plan are Messrs. Wilson
CIV. Va), Turner (Ga.) and McMillin
CTenn), Democrats, and Reed (Me.) and
Hopkins Qlls), Republicans.
The resolution reported by the qulntette
at the last mccting was one to authorize
the secretary of the treasury to issue s62,-
100000 in 8 per cent bonds payable in
gold, with, the proviso that none of the
proceeds shAl be used for current expenses
and the Further provision requested by
Secretary Carlisle repeating the law which
requires the government to redeem ma
tional bank notes and requiring banks to
redeem their notes in the first instance.
Inquiry was made If there was a minor
ity report, ana Mr. Reed said there was
mono, as he thought 1t wiser to increase tho
revenue. Mr.. Bynum proposed his resolu-
fisAE,a ,I,5t o.
a resolution reciting that Secretary Car
Isle had admitted that tho issue of gold
bonds would compel all future issues to
be made payable in gold, that bimotallism
had been declared to be the policy OF tho
government, that this would be an abnn-
donment of bimetallism, ami therefore de-
claring that the committee considered it
inexpedient to adopt the presidents rec
concentrations.
Mr.. Bryan offered another resolution
recommending that the secretary of the
treasury should pay all obligations Of the
government in either gold or silver, which
ever Il was the most convenient to use, but
no action was taken on il.
Secretary Carlisle came before the COM
mitteo shortly after 10 o'clock. He pro-
scented typcwritten copy of the contract
which had been called for. The principal
features of the contract were made known
in the presidents message. Upon one point
the secretary particularly enjoined tho
committee to maintain secrecy, and that
was regarding the dates for making the
payments for the bonds He asked for so.
crecy he snid, at tho request Of the finan-
ciers who have agreed to take the bonds,
and because they feared that bankers
would corner the gold of the world against
them If the time 1t would be needed was
known and the methods by which it was
to be obtained. Accordingly the committee
adopted resolution pledging its members
not to reveal the terms of the document 80
far as it concerned the payments.
Many questions were asked the secre-
tary, which he answered in order, giving
the amounts Of all kinds of money in tho
treasury, and much other Information not
new.
When Mr. Reed asked why tho plan
which he recently proposed in the house as
substitute for the administration bill
would not be n satisfactory measure, tho
secretary proceeded to quote feature Of
the act of 1874.
There was a disposition on the part OF
certain members to intimate in their qucs-
tions that the administration had shown
favorltism in its negotiations OF a private
contract, and the question was directly
asked whether the bonds were not to DO
sold at rate unnecessarily low consider
ing the prevalent prices in the market.
Secretary Carlisle admitted that the
bankers practically had the government at
their mercy, and he was obliged to accept
the best terms that could be made with
them, That better terms could have been
yBcVrs5 he deDind eIzphatically.