The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-23
CONGRESS TO PROVIDE CASH.
THE WAYS AND MEANS COMMITTEE
TO PUSH ITS WORK.

Brief Amendments to the Tariff Law
TO BE in Force Thirty Months to
Bring in $3O,OOO,OO to $35,OOO, 900
A Per Cent. Bond to Maintain the
Gold Reserve to BE Authorized
The Tax on National Bank CircuIa-
tiOn to BE Reduced.
Washington. Dec 22.-For the first time
since the short session of the Forty
seventh congress, in the winter Of lSS2-SS,
congress will enter holiday week to-mor-
row with the intention of sitting through
the season usually devoted to recess. The
occasion for this unusual zeal and devo-
ton to public interests was President
Cleveland's message on Friday last, which
asked the congress not to take its usual
respite from labor at this season of the
year. but to remain and provide the leg
islation necessary to relieve the financial
situation of the government. The House
VIII enter upon this work promptly to-
morrow, through it's committees announc-
ed on Saturday. The members of the
ways and means committee will meet at
IL O'Clock and proceed as rapidly as may
be with the consideration and prepara-
ton of bill or bills to meet the condi-
ton which confronts them.
The measure of relief which it is ex-
pected that the committees will propose
will include, each in one bill or several,
as may be deemed most expedient. brief
amendments to the tariff law, not involv-
ing general tariff revision, such amend
ments to expire at the end of thirty
months; authority to the Secretary of the
Treasury to issue a per cent. bond as
a popular loan, to maintain the gold re-
serve, and for no other purposes. with a
provision that the redeemed greenbacks
shall not be used to meet current expenses,
but be retained as long as necessary as
part of the redemption fund; authority
to issue to national banks circulating notes
up TO par of the bonds deposited as Sc
curty therefor, and to reduce the tax on
national bank circulation, and authority
for the issue of certificates of indebted
ness to meet any temporary deficiency in
receipts until the revenue can be provided.
1t is estimated that these proposed tariff
changes Will add from $50, 900 900 to $685.,
100000 to the income of the government.
Although there is some criticism of this
scheme from the republican side of the
committee, 1t is not likely to manifest
itself in any other form, and the PROPOSE
ton will receive the united support of the
majority. one suggestion was shat the
Reed substitute for the issue of gold
bonds made in the last congress when
financial schemes were being considered,
should be reported and passed
While it is not probable that the com
mittee will De ready TO report to the
House before. wednesday or Thursday at
the earliest, there will be no adjournment
for more than day or two at time
until the proposed relief shall have been
Should this be accomplished this week.
the House will probably then indulge in
a three days recess over the New Year
In the meantime the committee on
banking and currency Will be at work on
a bill to remodel the financial system of
the country, in the hope that it will be
ready for report to the House when bust
ness shall be regularly resumed in jan
uary.
Although the Senate will be nominally
in session this week ii Is believed that
there will at no time be quorum present.
A financial debate may be precipitated
Tuesday If Mr. Vest presses the resolu-
tion for which he asked immediate con-
sideration Saturday, This resolution di-
rects the Secretary of the Treasury to
CON the silver bullion in the treasury and
apply the silver dollars so coined to the
resumption of the treasury notes issued
in payment Of the bullion under the Sher-
man act. If the Senate should be in a
humor to permit the resolution to come to
a vote, ii will surely pass, for the silver
men are in the majority by at least a
dozen, and, possibly, fourteen votes.
The resolution of Mr.. Butler, pop, OF
North Carolina, directing the Secretary
of the Treasury to meet the obligations
of the government with silver, whenever
that money is of less value than gold, is
also on the table, and may be the subject
of a speech at any time.
1t is likely that the Senate will meet
only at intervals, for, as all legislation
relating to finance and the revenues must
originate in the House, until some meas
ure is sent over from the House, there
Will be little occasion for the Senate to
remain in session.
Now that the holiday recess has fallen
through the republicans may urge the
democrats to at once fill their committee
this being done until the new year is
inaugurated. Taken altogether, the COM
ing week in the Senate promises to be
unproductiye, unless the unexpected hap
pens.