The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1895-01-04
NEWS FROM THE CAPITAL
WASHINGTON, D. c., L

A
w corning what congress would
do with the currency bill when it re-
sumed business have followed each
other thick and fast this week, and
although many of them are so wildly
improbable that they are not worth
mentioning, others had foundation
based upon truth. Among the last
was, the democrats were so equally
divided on the bill that the republic
ans of the house would have the power
of deciding whether the bill should be
passed or defeated. This sounded
quite improbable when it was first
made, but when it was publicaly re-
iterated by Judge Culbertson, of Texas
member of the house committee or
banking and currency, it took on a diff
ferent aspect. Judge Culbertson said:
II believe that the republicans have it
in their power to defeat or pass the
bill, and have no idea that they will
help to pass it," Another statement
that is true is, that democrats opposed
to the bill are trying to get votes
enough pledged to defeat it in the dem :
ocratic caucus to be held next week.
If they succeed, there will probably he
no caucus.
Ii to becomes necessary in order to
prevent the outright defeat of the cur
rency hill, without vote in the house
to abandon the proposed House demo-
cratic caucus it is believed to be the
intention of the administration to at
tempt to duplicate the tactics adopted
last year to pass the silver repeal bill
through the senate. That IS, to seek
combination between the repub
licans and administration men. In
order to test the sentiment of the re-
pub:icans in the house, some of them
have been a: ked by friends of the ad-
ministration whether they would sup
port the currency bill If the state bank
currency section, to which the repub-
licans are unalterably... opposed, were
dropped.s
MI. Mathew Griffin, owner of an in
fluential New York financial paper, is
visiting Washington. He dosen't take
bright view of the financial outlook
for 1895. lie said: ''There is abso-
lutely no ground for believing that
there will be any great improvement
in business for the next six months.
A great many people pin their faith to
change in tile currency laws. 1 do
not believe that the adoption of a new
monetary system would mend matters
Il particle. Europe is poor, is i'll want
OF money and unloadS her American
securities upon us, SO as to draw on us
continuously for gold. Our farmers are
getting nothing for their products. and
our railroads are not earning any mon
ey. What congress can do to relieve
this state of things is past my compre-
hensiOn. All we can do is TO wait and
hope" That congress could do much
is certain, but that it will do nothing
appears certain in the minds of many
of its members, For instance, Repre-.
sentative Walker, of Mass, who claims
to have been the first to suggest the
idea OF extending the currency of nat
ional banks which is a part of the Car
Isle currency bill, thinks things a,c
practically in dead lock- He says:
Financial legislation at this session
of congress is impossible under present
conditions, the whole question being
so strangely muddeled by the admins.
tration, which does not seem to have
any conception of what legislation is
necessary to compose the finances of
the country and especially to relieve
the treasury from the constant de-
mands for gold.''
| Chairman Springer, who is in charge
OF the currency bill, has served notice
upon Mr.. Bland that when he attempts
to offer his bill for the issue of coin
and coin notes by the government as d
substitute for the Carlisle currency
bill, he intends. to raise point of order
against it, on the ground that it is no,
germane to the question that will be
under consideration, and from another
source Mr.. Bland has learned that the
programme is all arranged to have
that point of order sustained and IN.