The Kootenai herald. [volume] (Kootenai, Idaho) 1891-1904, 1895-02-09
viii Offer a Substitute for the
Bond Scheme.
AS A TEMPORARY EXPEDIENT
Silver Men In the Senate Expect to Bring
About Legislation in Favor of
the white Metal.

lions of the supporters and opponents
of the new administration financial bill
were upset today by the interjection of
a new factor in the campaign. Mr..
Reed, the republican leader, brought
forward a new plan for which he is en-
deavoring to enlist the entire strength
of his party and which he will offer as
a substitute for the administration
scheme if he thinks the plan can COM
mand sufficient support to make it
factor in the fight
There are but two sections to the Reed
plan in the form in which he has sub
mitted it to his colleagues The first
proposes to restrict the law of 1875 which
authorizes the secretary of the treasury
to issue bonds to redeem greenbacks, to
per cent. bonds. The second section
authorizes the secretary of the treasury,
when there is a deficit, to issue certifi-
Gates of Indebtedness to pay current
expenses, the certificates to be in the
sums of $25, $50 and 800 and any
multiples thereof, bearing interest at
8 per cent. and payable in coin
The bill, as Mr.. Reed explained to the
republicans whose support he sought,
is but a temporary expedient to tide
over the present distress The substi-
tuition of coin" for the gold provisions
of the administration plan is expected
to win for it the toleratiOn If not the
support, of the free silver men, who
bitterly oppose all propositions to dis
eliminate by stipulation in any bill
in favor of gold. It's comparative sim
plicity, it is expected. will commend
the bill to the house in preference to
more complex plans.
Mr.. Reed devoted himself assiduously
81, l.
situations with republicans. He first
endeavored to elicit the opinions of the
gold men and then tackle the silver
men. The measure of his success is diff
ficult to estimate The plan is to offer
the bill as a substitute for the admins
tration bill and by polling a solid re-
publican vote, while the democrats are
divided on the administration bill, make
it the most formidable proposition in
the field and perhaps induce the demo-
cratic opponents of the administration
bill to rally to it's support.
Chairman Springer and his colleagues
have counted on most of the republican
votes for the administration bill and
have prophesied that it would poll about
the same support that was given to
the repeal of the purchasing clause of
the Sherman act Accordingly Mr..
Reeds move overturns their calcula-
ton to a great extent.
SILVER SENATORS ACTIVE.
Interest in the financial question
about the senate today centered in the
activity of the silver senators and fire.
quent conversations held by them. This
taken in connection with the call issued
by Senators Voorhees,, chairman of the
finance committee, for a meeting to-
morrow, led to a general suppositiOr
that an attempt will be made by the
silver advocates on the committee &c
secure the reporting of free silver bill
Inquiry among the members of the com
mittee failed to develop absolute as
surance that the effort would be made
but enough was said in many quarter:
to indicate that the general suppositior
was not without good foundation and t
Justify the statement that the silver
men are very hopeful of bringing {
free coinage bill out of the committee
if not at tomorrow's meeting, at thu
next one to be held. They believe tina
senator Jones of Nevada will unit,
With Senators Voorhees,, Harris, Vest
White and Jones of Arkansas in sup
port of some measure that will be salts
factory to the silver men.
THE TREASURY SERENE.
The treasury officials generally ex
press the opinion that Secretary Car
isles estimate of the surplus of S22,
100000 for the calendar year of 1895 i
conservative. They urge that tn
customs duty on sugar should bring il
at least $35, 10000 during the next /
months and that the revenue from tn
income tax is likely to reach $40 900, 00l
The receipts from general customs an
from whisky Withdrawals are expecte
to materially increase from now OF
which it is believed will bring the re
ceipts for the u months up to abou
$3.50. 600. OOO The disbursements for tn
year it is thought will not exceed 1851
900. 900, leaving a surplus after deduct
ing the $7,O0O0O0 deficit for January {
S22000.00O.
spirit of serenity pervaded tn
treasury department today that wa
quite in contrast with the anxious LOOK
and hurried movements of the ofticia
last week. Secretary Carlisle was
his office and saw all corners, which
has been unable to do for some tin
past. In answer to all inquiries, M
Carlisle stated that he had nothing
say on the financial situation. Asst
tant Secretary Curtis was also in h
Office. but he would not say whether
not his mission to New York had bee
successful. So far as can be learned !
steps have been taken to prepare plal
for another bond issue.
EXCITEMENT IN THE HOUSE.