The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-12

Washington, Feb. 1.-THE House
Committee on Ways and Means held
another conference over the presidents
bond message today, and again ad-
journed without reporting any conclu-
sion, but with brighter prospect for
agreement ahead of it,
Tomorrow, Secretary Carlisle will ap-
pear, it is expected. with the contract
for the sale of the forthcoming bond
issue to settle a question which arose
today.
Democratic members of the commit
tee prophesy that the Republicans will
unite with them upon plan. This
belief is based upon no definite state
ment from the opposition, but on the
general demeanor of the Republicans
and the sight of Mr. Reed in confer
ence with Mr. Cochran for an hour
The Republican contingent took small
part in the proceedings and, individu-
ally, the members are diplomatic in
speaking of their intentions. If Mr..
| Reed has arrived at any understand
! ing with the administration, as was
| freely rumored, he has done it, his col
| leagues say, on his personal RESPONSE
bility.
| Emergencies and Exigencies.
Most of the time today was con-
stunned in a discussion of a plan Of
fered by Mr.. Cochran to meet the pres
| ent emergency and possible eXigenCieS
| of the future, which would confer
large discretionary power upon the ex-
ecutive branch of the government. He
made it as a verbal proposition, but
after the meeting reduced the plan to
writing and will present it tomorrow
in the following form:
| Whenever it appears to the secre-
tary of the treasury that an additional
supply of gold or silver is necessary
{ to the treasury to enable it to main
tain the parity between the various
coins or forms of money for the United
! States as required by law. the said
| secretary is hereby authorized to pro-
cure such gold or silver as may be
necessary for that purpose by issuing
therefor obligations of the United
States conditioned for the return of d
like quantity of the same metal as may
have thus obtained and for the trans
fer to the holder Of such obligations
of an additional amount of said metal
not to exceed per cent of the whole
amount thus obtained"
Defers to Wilson.
Mr.. Bynum withdrew his resolution
in Difference to Chairman Wilson'S
plan, which covers, in part, the same
ground, and Mr.. Wilson had amended
the form of his resolution by adding
a clause which stipulates that none OF
the proceeds of the bond issue shall be
used to defray current expenses OF the
government. The change was designed
to meet the objections uttered by Re
pubIicans at the former meeting, but
| their views upon it were not elected
during the session. Another change
was made in Mr.. Wilson'S resolution
by leaving blank the term OF the bond,
and the question was raised whether
the contract with the brokers did not
stipulate for 30-year term. The exact
terms of the contract We're not known
to any member of the committee and
Mr.. Hopkins Republican). of Illinois,
made a motion that Secretary Carlisle
be invited to appear before the com
mittee and explain the contract, which
was carried.
Earlier in the meeting, Mr.. Cochran
Imade a speech in favor of his propo-
sition, claiming for it that 1t did not
discriminate against either metal.
Mr.. Bryan, of Nebraska, asserted
its intent was solely in the interest OF
gold Among the Democratic members
of the committee who were hsted as
doubtful a concinatOry move made ltsell
manifest, but it may not result IN an
agreement. Republicans say thell
course can not be decided upon untl
the Democrats present some dennlte
measure to them.