Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1895-12-23
PLAN FOR RELIEF.
Outline of Scheme to Again Fill a
Democratic Depleted Treasury.
Congress Gives Up Christmas Recess 10 An.
sweh Presidents Appeal.

Washington Dec. a2.-For the first time
since the short session of the 18th Con
gress, In the winter of 1928. Congrcs,
will enter tho holiday week, tomorrow,
with the intesrion OF sitting through the
stasIn usually devoted TO recess
The occasion for this unusual zeal and
devotion to To- public service was Presi
dent Cleveland massage of Friday. which
asked CoDgr&s net To take the usual re
spite from labor ut this season Of tie year.
put to remaii and provide the legislation
ntct ssary 10 rtlieye the financial situation
OF the Rovergnent
\ The Housewife enter upon this work
promptly. tom Borrow, through its commit
tees announcei, Sunday. The ways aud
means committee will meet at 4 clock
and proceed as rapidly as may be with the
consideration and preparation of bill or
bills to meet he conditions which con
front it.
The mcasut l. Of relief that il is expected
the COMMITTED will propose will include
either in one pin or several as may be
deemed most expadent, brief amend
ment to the thrift law, not involving gen
eral tariff revision such amendments to
expire at the end Of 30 months; authority
to the secretary Of the treasury to issue 3
per cent. bond as a popular loan to main
tain the gold reserve and for no other pur
pose, with provision that the redeemed
grccnbaclls shall not be used to meet cur
rent expenses but be retained as long as
necessary as part Of the redemption fund ;
authority to issue TO national banks cir
culating notes up to par and bonds de
~ . !
tax on the national bank circulation au-
thority for the issue of certificates Of in
debtedress 10 meet temporary deficiency
in receipts until revenue can be provided.
1t is estimated that the proposed tariff
changes will add $50 coo. 600 to $50. 600 j
600 TO the income of the government. Al
though there is some criticism of this
scheme from the Republican side Of the
chamber, the proposition will receive the
united support of the majority One sug
geston was that the Reed substitute for
the issue of gold bonds, made in the last
Congress, when financial schemes were
being considered, should b. reported and
passed
a While it is not probable that the com
mttce will be ready 10 report to the
House, before Wednesday or Thursday at
the earliest, there will be no adjournment
for more than day or two at time, un-
til the proposed relief is enacted Should
this be accomplished, this week, the House
will probably indulge in three day reccsses
over the New Year holiday.
In the meantime, the committee on
banking and currency will be at work on
a bill to remodel the financial system Of
the House, it will be ready to report to
the House when business is regularly re
stunned in January.
Although the Senate will be nominnally
in session, this week, it is believed there
will at no time be a quorum present. The
financial debate may be prccipitated, Tues
day, if Vest presses his resolution for
which he asked immediate consideration,
Saturday.
Tbis resolution directs the secretary of
the treasury to coin the silver bullion in
the treasury and apply the silver dollars
50 coined to the redemption Of the treasury
notes issued in payment for bullion under
the sherman act.
II the Senate should be in humor to
permit the resolution to come to vote it
will surely pass, for the silver men are in
the majority by at least dozen possibly |
IA votes
The resolution Of Butler, Pop, of North |
Carolina, directing the secretary Of the |
treasury to meet the obligations of the !
with silver whenever that |
money is Of less value than gold, is on the |
table and may be made The subject OF q |
speech, at any time
1t is hkcly that the Senate will moot |
only Mt intervals, FOR as an legislation re
lating to finance and revenue must origi- |
nate in the House, and, until some meas
IRE is sent over from the House, there viii |
be little occasion for the Senate to remain
in session.
Now that the holiday recess has fallen |
through, the Republicans may urge the
Democrats tn at once fiji the committee
ltCt but there Is little probability of this
being done until the new year is inaugu-
rated. Taken together the coming week
in the Senate promises to be unproductive,
unless the unexpected happens