The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1895-12-28

to .bFACTuREE oy9 reserve ana 1o.l
ne. Se. with a proviso that
the fSdN ned greenbackS shall not be
used to meet current expenses. but be
retained as long as necessary as part
of the redemption fund; authority TO
issue to national banks. circulating
notes up to par of the bonds deposited
as security therefor, and reduce the
tax on national bank circulation; and
authority for the issue of certificates
of indebtedness to meet temporary de-
ficiency in receipts until the revenue
can be provided. 1t is estimated that
these proposed tariff changes will add
from S3O.C coo. 900 to S35, OO0,O 900 to the in
come of the government.
Although there is some criticism OF
this scheme from the republican side
of the committee. it is unlikely to man
fest itself in any other form, and the
proposition will receive the united sup
port of the majority. One suggestion
was that the Reed substitute for the
issue of gold bonds, made in the last
congress when financial schemes were
being considered, should be reported
and passed.
While it is not probable that the
committee will be ready to report to
the house before Wednesday or Thurs
day at the earliest, there will be no adj
journment for more than a day or two
at a time, until the proposed relief
shall have been enacted. Should this
be accomplished this week the house
will probably then indulge in three
day reccsses over the New Year holt
day.
In the meantime. the committee on
banking and currency will be at work
on a bill to remodel the financial sys-
TEN of the country, in the hope that il
will be ready for report to the house
when business shall be regularly re-
sumed in January.
Although the senate will be nomi-
naily in session this week, it is be-
lieved that there will at no time be a
quorum present. A financial debate
may be precipitated Tuesday if Mr..
Vest presses the resolution for which
he acked immediate consideration
Saturday. This resolution directs the
secretary of the treasury to coin the
silver bullion in the treasury and APP
ply the silver dollars so coined to
the redemption of the treasury notes
issued in payment for the bull
lion under the Sherman act. If the
senate should be in Il humOr to permit
the resolution to come to a vote it will
surely pass. for the silver men are in
the majority by at least -. and posi-
bly, Ii votes. The resolution of Mr..
Butler pop. n. c., directing the sec
rotary of the treasury to meet the OBJ
legations of the government with sill
yer whenever that money is of less
value than gold. is also on the table
and may be made the subject of a
speech at any time.
1t is likely that the senate will meet
only at intervals. for as all legislation
relating to finance and the evenue
must originate in the house. until
some measure is sent over from the
house there will be little occasion for
the senate to remain in session.
Now that the holiday recess has
fallen through, the republicans may
urge the democrats to at once fill their
committee lists, but there is little
probability of this being done untiTthe
New Year is inaugurated. Taken al
together, the coming week in the SEN
ate promises to be unproductive, I'M
less the unexpected happens.