The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-12-25
pecIal pIrpatch 70 the IntoIllganeor.

Special Dispatch to the IntellIgeneer.
t WASHINGTON, D, c., Dec, A,-As
predicted in the Intelligencer OF Sat
urday, au agreement has been reached
between 1.-THE President and Speaker
Reed as to tho policy for financial re-
lief. They have had u second confer
ence, and to-day u gentleman who saw
the draft OF the measure repeated from
memory many OF It's features and they
have been heretofore outlined in these
dispatches,
The visit TO Washington Of Banker
Morgan was significant, but more sig
niflcant than that is the statement
made upon good allthGlty Tonight
that q number of bankers stand pleds-
cd to take the new bonds as soon ns
they shall be authorized. Another
feature OF interest in the situation Is
that there is higher bidder than Mr.
Morgan. whose identity none has dis
closed. II Is intlmRted that the higher
bidder Is Rothschild, but that is con-
lecture. II II shall prove TO be true, II
Will be accepted as n marked exhibition
OF restored British confidence In Ameri-
can government securities,
Tho proposition will be ready for IN
PRODUCTION In the housa on Thursday
The senate will not meet until Friday'
awaiting the action OF the other body
The real fight win be upon PROPOSE
ton TO submit the bonds direct to the
leople. That Is regarded as sure plan
70 prevent n dicker for proht, ~ Is
nid, however. that whatever Is the tato
oI that proposition, care viii be taken
to avoid the bpoils system.
The bankers noted Us having mnde an
offer for the bonds are not those who
purchased the last Issue, and II u un-
dbfstood they made straight bid upon
the merits OF the securities.
some Changes.
Tho Republican members'of the ways
and means committee held another
conference this afternoon and decided
upon several changes In the two reve-
nue. bills.
The most important change In tho
tariff bill was 10 drop the clause putting
cereal breadstuffs. live stock and dairy
products at an advance OF % per cent
over the Wilson GorInRn rates, no that
these features will simply have the 10
per cent advance under the horizontal
clause. II was also dedided TO nd
vance carpet woods 10 the Mckinley bill
rates, but other woods and manufactur-
ed products OF woods will remain ut 90
per cent of the Mckinley tarlft, accord
ing TO the agTeementn Of yGEteItiays
Tho other change was TO exempt SUI
gar from the provisions OF the clause
for q horizontal advance OF 10 per cent.
Lumber viii remain as was decided
~ ne
ley duty. -.
In the bond issue tho principal issue
authorised will be with change OF 10 :
tercst authorized By the act OF 1915
from per cent TO Q per cent. and these
bonds will be payable at the option oil
the government after three years.
Tho rate OF interest for the one year
treasury certificates OF Indebtedness
was raised from per cent to per cent
This bill will also provide for the tenn
porary Isolation Of the Rreenbhcks 20
that they win be held separate In tho
treasury and not included with the gem
ernl assets Of the government.
An effort was made to have Iron ana
steel and their products given an ad-
ynncc but II met the opposition OF the
woateru men and was abandoned, It's
abandonment also having something TO
do with dropping inc llNe htoSh nnu
cereal advances contemplated. The
iron and steel interests argued that
they should be equally favored with
the farmers.
Members OF the committee state en-
phatically that these bills nre not In
tended In any way to represent Repub-
ilcan policies on the tarln or finance;
they are merely temporary eSpedients
to meet an emergency. the Republicans
holding the emergency Is caused by an
inBufilcienCy OF revenues.
Tomorrow both bills Will be adopted
by the ways and means committee at
meeting which the Democratic mcm-
hers will attend. They will be pre-
sented 10 the house Thursday. with q
rule giving that day for debate on tho
tnflff bill with n vote at the close, ana
Friday for debate on the bond Dill
bringing that to vote Friday night