Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-01
It May Be Still Further Amended
Before Action is Taken.
POSSIBLY ANOTHER SUBSTITUTE
A Provision for Bonds Necessary
for EffectuaI Legislation.
EXTRA SION TALK

The holiday recess is very nearly over,
and othtng has turned up" Therefore
Congress will come together on Thursday
with as little idea of what they are going
to do as they had when the vacation be-
gan. The administration leaders are still
cropping painfully in the dark. The result
of the vote on the financial bill in the
House is so uncertain that they are dis
posed to temporize and delay. There Is
talk of still further changes from the Car
Isle bill than were made in the proposed
substitute, and it may be that yet another
new bill will be substituted for the substi-
tute by the committee. The substitute not
having been proposed in the House as yet.
it, may be changed entirely before 1T Is
presented to take the place of the original
bill.
Merely Time Wasted.
Underneath all the effort to do something
is the discouraging feeling that it is merely
time wasted, and the prospect is ever pres
ent that they may at any time be called
upon to take up an entirely different meas
ure for the immediate relief of the treasury.
The necessity for relief is steadily grow
ing greater, and there Is painful conscious
ness that even if the financial bill could be
passed through both houses of Congress
its effect upon the treasury would be too
remote to meet the present e&fgencles.
Moreover the suggestion of bankers that
the discontinuance OF the use of bonds as
security for the national banks would make
it less easy for the Secretary Of the Treas
ury to place further bond issues excites
doubts to the safety of this action, since
the passage of the Carlisle bill would not
obviate the necessity, rapidly approaching,
for another loan to supply the deficiencies
OF revenue.
Must he IA Provision for bonds.
There is a growing conviction that any
legislation which did not carry with it a
provision for bonds would be entirely in
effectual to relieve the present situation,
unless supplemented by measure pro-
viding a source of revenue Immediately
available Coombs of Brooklyn is pressing
his proposition for the retention of bonds
as the basis of bank currency and the is
suance of bonds to take up the legal tender
notes, and it is said to be gaining strength.
The possibility of final action on any propo-
sition, however, still seems extremely re-
mote.
Talk of a Caucus.
While the democrats of the House are
talking about caucus, nothing can be de-
termined upon as to that until Congress
reassembles. No one has any faith that
anything could be accomplished by eau
Gus. 1t would not he binding upon those
VINO ATTENDED,, anu tlere would De little
better prospect OF an agreement being
reached in that way than by means of per-
sCnal conferences. AS the hopelessness of
the situation impresses itself more strongly
upon the friends of the administration they
turn to the republicans for assistance. The
fact that the republicans are more in agree
ment with MIR. Cleveland on finance than
are most of his own party compels this.
An Extra Session Advised.
At first the democrats Were almost unan-
imous in opposition to an eXtrasession of the
Fifty-fourth Congress. A great many have
new changed their minds on this subject.
Several have talked with the President in
person on the matter, and have strongly
advised that ii this session makes a fail
ure he should call the Fifty-fourth Con-
gress together at once. They do not dis
guise the fact that they are induced to
take this position largely because they do
not think anything can be accomplished by
the republican House. and they would like
company in their failure.
Nearly all the speculation of the hour is
based upon the assumption that nothing Will
result from the efforts during the present
session.