Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1895-01-14
A CURRENCY BILL
Framed On New Ideas TO be Intro
duced This Week.
SENATOR JONES is THE AUTHOR,
He Aims To Reconcile the Differ
ences Between the Silver Men
and the Monometalists - The
Programme for the Week In
Congress Contains Nothing OF
Startling Nature.

WASHINGTON, D. c., January 10
The probabilities are that the begin
ping of the week will see the introduce
tion of still another currency bill in the
Senate. Senator Jones, OF Arkansas,
who at the critical stage OF the tariff
legislation took that matter in hand and
harmonized the differ ent elements so as
to bring definite results out OF de-
cidedly chaotic condition, is the author
of the new bill, and be comes to the
front this time as a compromises aud
harmoniZer. Senator Jones realizes that
silver and bonds are two aDtagonizlng
elements in this question, and his ef-
fort has been to prepare measure
which. while it will not be all that the
friends of either cause
WOULD NATURALLY DEMAND,
will in the end secure the support OF
both elements. He has been in consul
tation with many OF the leaders OF both
these contending elements in the Sen
ate, and it is understood that his bill, as
outlined, to them. has received very Ia
vorable endorsement from the represen-
tatives from all Of the conflicting inter
ests.
The bill will first provide for the issu-
ance OF 2H per cent bonds to the
amount of $500, 900, 600, which are to be
paid in gold, and are TO be used both Tor
the purpose Of meeting the current ex-
0f ha
demption OF United States and Treasury
notes. The bill will also provide for the
issue of bank notes, TO take the place OF
the Treasury notes In such as way as
not to produce contraction OF the cur
rency. Another provision is tnat the
national banks shall be allowed TO issue
notes up to their par value OF bonds
held by them, and the tax on national
bank circulation is fixed al "a OF one per
cent.
IN THE INTEREST OF SILVER,
the bill provides for It's unlimited coin
age under the condition that the holder
of silver bullion may take it to the
mint and have ii coined into silver dol
lars, the government retaining, as
seigniorage, the difference between the
coinage value OF the bullion and It's
market value on the day that the bull
lion is taken to the mints. The bill
also provides for the withdrawal from
circulation of all greenbacks, treasury
notes and national bank notes not below
$50, and the substitution OF silver GER
tifcates 10 denominations OF less than
than SEQ. which are to be payable In
silver. The bill will contain provisions
providing against either undue imitation
or contraction.
The prospect is that
THE TINE OF THE SENATE
will be divided during the week be.
tween the discussion OF the income tax.
based on the urgent deficiency bill, and
the continuation of the debate on the
Nicaragua bill.
Senator Cockrell, chairman OF the
Committee on Appropriations, Is very
hopeful OF being able to dispose OF the
income tax question by the time the
week shall be half gone, and If he
should succeed in this Senator Morgan,
who is in charge OF the Nicaragua bill.
thinks there will be no difficulty in Sc
curing a vote on the canal bill before
The close of the week, thus leaving the
way clear for the bankruptcy and terri
torial ad mission and other bills, as well
as other appropriation bills.
Chairman Cockrel does not regard
seriously the prospect OF the prolonged
discussion OF
THE INCOME TAX QUESTION.
There will be several speeches which,
while based on the deficiency bill, will
be directed TO the discussion OF general
financial questions. There is no dispo-
sion on the part OF the Appropriations
Committee to curtail these speeches.,
but there has come to be some talk
OF night sessions In case they get
to be too numerous, or II the dispo-
sition OF fiibustering should APP
near to be more pronounced than
now appears probable. Senator Cor
man will probably find opportunity to-
morrow to make the speech which he
had intended 10 make Yesterday so
far as known, there are only three more
general speeches to be made on the MIC
araeua bill, but it is probable that 9TH
ers will yet be announced. Senator
Turpin will speak again on the bill, and
Senators Vest and White have an
pounced a desire 10 be heard before the
vote shall be taken.
Saturday will be given up TO eplo0ies
on the character of the late senator
Vance.
There is
NO DEFINITE PROGRAMME
for the House this week. There is
bare possibility that new currency
hill will be thrown into the arena OF
debate, but it is only possibility. The
consensus of opinion now seems to be
that any proposed currency legislation
To be successful must be initiated at the
other end Of the capitol.
Tomorrow is District OF Columbia
day. and on Tuesday the House prooa-
DIV will take up the consideration OF
the Indian appropriation bill, Which
was reported yesterday, and which IS
the only appropriation bill on tbe cal
endar. III the sundrY civil appropria-
tion hill. the most important OF the
bills. Is not reported before the Indian
bill is disposed OF, the Committee on
Rules will probably give the interven-
ing time to business from various com
nittees. A day may be given 10 lhe
consideration OF the findings OF the
Court OF Claims.
Miners ReSuming WsfG
N.EyKLAND, ONO, January ID