The record-union., 1895-12-23

WASHINGTON, Dec. 22.-For the
first time since the short session OF
the Forty ty-seventh Congress in the win
ter of 1928, Congress will enter holi-
day week tomorrow with the inten-
ton of sitting through the session
usually devoted to recess. The occasion
for this apparent zeal and devotion TO
public interests was President Cleve-
ands message of Friday last, which
asked Congress not to take its usual
respite from labor at this season of the
year, but to remain and provide the
necessary legislation to relieve the f.
nancial situation of the Government.
The House will enter upon this work
probably tomorrow, through its COM
mittees announced on Saturday. The
Ways and Means Committee will meet
at II o'clock and proceed as rapidly as
may be with the consideration and
preparation of a bill or bills to meet
the condition which confronts US. The
measure of relief which it is expected
the committee will propose viii in
clude, either in one bill or several, as
may be deemed most expedient, brief
amendments to the tariff law, not in
Volving general tariff revision, such
amendments to expire at the end Of
thirty months; authority to the Secre-
tary of the Treasury to issue o-per-
cent. bond as popular loan, to main
tain the gold reserve and for no other
purpose, with a proviso that the re-
a q hn
tc meet current expenses, but be re-
tanned 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 secur-
ity therefor, and to reduce the tax on
national bank circulation, and author
ity for the issue of certificates of in
debtedness to meet temporary def
cheney in receipts until the revenue can
be provided.
1t is estimated that these proposed
tariff changes will add from thirty to
thirty-five millions to the income of
the Government. One suggestion was
that the Reed substitute for the issue
of gold bonds, made in the last Cons
gress, where financial schemes were
being considered, should be reported
and passed.
While it is not probable that the COM
mittee will be ready to report to the
House before Wednesday or Thursday
at the earliest, there will be no adjourn
ment for more than a day or two at a
time, until the proposed relief shall have
been enacted. Should this be accom-
plished this week, the House will prob
ably then indulge in three-day recesses
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 country, in the hope that it will
be ready for report to the House when
business shall be regularly resumed in
January.
Although the Senate will be nominally
in session this week, it is believed that
there will at no time be a quorum pres
ent. A financial debate may be pre-
cipitated Tuesday, if Vest presses the
resolution for which he asked imme-
diate consideration Saturday. This
resolution directs the Secretary of the
Treasury to coin the silver bullion in
the treasury, and apply the silver dol
lars so coined to the redemption of the
llOlNS ASSut0 III pdyHlGiI IOl
the bullion under the Sherman Act. If
the Senate should be in a humor to
permit the resolution to come to a vote
ii will surely pass. for the silver men
are in the majority by at least dozen,
and possibly fourteen votes.
The resolution of Butler (Pop) of
North Carolina directing the Secretary
of the Treasury to meet the obligations
OF the Government with silver, where
ever 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 revenue
must originate in the House, until some
measure is sent over from the House,
there viii be no 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 commit
tee lists. but there is little probability of
this being done until the new year is
jnaugurated
Taken altogether. the coming week in
the Senate promises to be unproductive,
unless the unexpected happens.
CHEROKEE STRIP