New-York tribune., 1895-02-14
PRICE THREE CENTS
CLEVELAND SCORES A POINT.
HIS FRIENDS SECURE FAVORABLE
REPORT ON A PER CENT g..
BOND SCHEME. III

WILL PASS THE HoUsE-ITs PROSPECTS NOT
so GOOD IN THE sENATE-DETAILs
OF THE BARGAIN WITH THE
MORGAN BELMONT SYNDICATE.
[BY TELEGRAPH TO THE TRrBUNE.I
Washington. Feb. 13.-Professor Wilson and
the other Administration leaders who are en-
deavoring to commit the House Of Representa-
tives to some or less pointed Endorsement
OF the Presidents bargain with the Morgan-Bel-
mont bond syndicate had a somewhat better day
to-day than yesterday and the aspirations OF The
West Virginia Statesman out Of a job for
seat in the Cabinet upon the Supreme Bench
were undoubtedly materially advanced by his
success in extracting from .he Ways and Means
Committee the approval Of Mr.. CIeveland's pro-
gramme, for which he has been struggling since
Saturday. BY a vote Of eight to five the COM
mttee this morning decided to report to the
House resolution authorizing the acceptance
Of the ten-day option offe: ed by the bond syndi-
cate. with the single limitation that no part OF
the proceeds Of the sale thus validated should be
used for the payment of the current expenses OF
the Government The vote showed division on
both the majority and minority sides Of the COM
mttec. two Republicans. Messrs. Reed and
Payne. joining with Chairman Wilson and FIVE
other Democrats to report the resolution. One
Republican. Mr.. Hopkins. of Illinois. voted with
four Democrats against a favorable report,
Three Republicans absent did not vote.
while Mr.. Bynum, Of Indiana. another expiring
statesman" in search Of an Executive or judicial
appointment. conveniently exiled himself from
the committee-room though appearing conspicu-
ously on the floor of the House.
Late this afternoon Mr.. Wilson offered the
new bond measure in the House. and it went
-
the committee a chance to express its views BY
Friday at least. 1t Is expected that Administra-
ton measure No will be submitted to the
House for a vote. and there is a fair degree Of
confidence felt by the Administrators support
that they may at last muster a majority on
some issue in the popular branch This feeling Of
confidence is largely inspired by the fact that
the Republican minority H. more decidedly dis
posed TO support the resolution offered to-day
than il has been 10 aid in the passage Of any OF
its unfortunate predecessors. Mr. Reed and Mr..
Payne took the ground to-day in committee that,
although the new Administration measure had
little II any practical value and was certain to
fail in the Senate. even II 1t should pass the
House, yet its purpose was more or less conn
mendable. and the saving it designed to
effect in the interest charges Of the Government
could not reasonably be ignored on the Repuo-
lican side. II is likely that from half to two
thirds of the Republican vote in the House Will
be given to the resolution. and its passage VIII
depend entirely the strength il can secure ON
the Democratic side on the ill-fated Admin
is.ration bill No the Democratic majority
divided almost evenly. II Mr.. Wilson can gain
from fifteen to twenty votes for his interest-sav.
ing scheme among the members OF his own party
the success Of the measure reported to-day seems
upIik
happily certain.
TWO BILLS IN THE SENATE.
At the Senate end of the Capitol the only new
turn given to the situation came from an effort
on the part OF Mr. Villas 10 rush on the calendar
a bill similar to that fathered in the House by
Mr. Wilson. The Wisconsin Senator introduced
his measure during the morning hour, and after
some parliamentary wranging it was sent to the
calendar without reference to the Finance Com
mttee This manoeuvring was thought by some
experts to increase materially the bills chances
for speedy consideration. but in reality the new
measure is dead where 1t is as II 1t had been
sent formally to the buryng- ground Of the FL
nance Committee. The free-sver majority In
the Senate will not under any circumstances per.
nit the Administration godb bond purchase to be
ndorsed and can a. any time siderack Mr..
Vilass proposed Endorsement OF the Presidents
bargain by a reference to some committee or an
indefinite pOstponement
Mr. Sherman offered formally this afternoon.
as a substitute for the Jones free-coinage bill re-
ported yesterday. his own anI Senator Allisons
plan for tie issue Of per cent five-year gold
bonds ard of certificates of ndebtedpess bearing
per cent interest. in amount sufficient TO meet
current Treasury deficiencies. The adoption OF
this scheme in whole or in part as rider on
one of the appropriation bills is apparently being
seriously considered by the Senate Committee on
Appropriations Mr. German who is the con-
trolling influence on the majority side OF that
committee has brought his Democratic COL
leagues to consent to some such sensible and
rational plan OF relief for the Treasury and IL is
believed that as soon the probable amount OK
this wears deficit can be ascertained an authori-
zaiion TO issue certificates will be voted 10 the
Secretary Senator German believes that iro'"
$50 OOo.O .OOC to slOo.OOOOOO Of these certihcates
should be noated TO Put the Treasury nnahc1
in a sound condition and IN this view senator
Teller and most OF the free-siIver Republicans
concur so that a majority can De reau'I! w
ta!ned in the Senate for rider OF TINS hish'y
desirable and necessary character NO o'her soi'
., financial legislation seems possible In TINS
Congress.
EXPLANATIONS WILL BE IN ORDER
Some highly interesting Information came 70
uyht this afternoon when the Ways and Means
Committee in response 10 public demand. con-
cr,ded to make public the contract made between
the Secretary Of the Treasury and the syndicate
Of English and American bankers to whom the re-
cent sale Of United States bonds was made. That
a secret sale OF bonds should have been made
without giving any other party of men an oppor-
tunty to bid for the bonds has been sharply
criticised but there was suspicion that the
fnanciering of the Administration would go to
the length OF giving to this same syndicate an op-
ton on all bonds that the United States might
choose TO sell within the next eight months. Nor
was IL supposed that the leaders Of the Demo-
cratic party in the House would come to the front
with proposition to contract the currency OF the
country by retiring greenbacks and substituting