The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-14
No Probability of It's Adoption in
the Senate i'm Time to Reap the
Benefit of It's Provisions.
CLEVELAND SMOKED OUT
TEXT OF HIS CONTRACT WITH
BANKERS AT LAST MADE PUBLIC.
The Gold Lenders Given Mortgage
senate's Financial Schemes.
Special to the indianapolis Journal.


Special to the Indianapolis Journal.
WASHINGTON, Feb. 13.--An administra-
ton that has declared itself emphatically
and unequiyocally for a gold standard; a
Senate that has declared itself as emphat-
ically and as equivocaly by the action Of
its finance committee for a silver basis, a
House that is apparently unable to tell from
one day to the next Just what it wants
that. in effect, is the spectacle presented at
present to the consideration of the f1nan-
cial world. The ways and means committee
reported its gold bond bill to the House to-
day, but not until there had been a fight
in committee involving the presentation of
an adverse report by a determined and ag
gressive minority of the committee. Last
night there seemed every prospect that, SO
far as the Republicans of the committee
were concerned, there would be hearty co.
operation with the gold Democrats in agree
ing on a BILL When the vote was taken to-
day it developed that there was a division
in the committee, not only between the
warning factions of the Democracy, but
also between the Republicans. The result
is that there is no reasonable outlook for
the success of the gold bond bill in the
House tomorrow. Debate the bill will
probably be limited by the rules committee
acts wisely. There is nothing more to be
said on the subject, and the sooner the
matter is settled the better. The whole
performance in the House tomorrow will
be like all its predecessors-an idle farce.
Even in the altogether improbable event of
the adoption of the bill its fate in the Sem
ate is sealed. The option which the foreign
money lenders have given Mr.. Cleveland
--expires on Monday. rsaither the President
nor the Secretary OF the Treasury has any
fope that they will be able to issue gold
three-per-cents. All their arrangements are
proceeding on a basis of a defeat of their
gold proposition, hence it is a waste of time
to discuss the matter in the House
As indicated in last nights dispatch, res
olutions were introduced at both ends of
the Capitol to-day calling on President
Cleveland and Secretary Carlisle to make
public the details of the contract made with
the foreign money lenders. In the Senate
Mr.. Aldrich introduced a courteously word
ed resolution requesting the President to
furnish the Senate with the information re-
Quired, "if not incompatible with the pub
lie interests" This latter proviso is added
ordinarily only in resolutions requesting in
formation from the State Department re-
nations. 1t thus gave Mr.. Cleveland ample
opportunity to withhold the information If
he conscientiously deemed it wise. Obiec-
ton, however was made to the resolution,
and it went over. In the House resolution
far more peremptory in tone was introduced
by Mr.. Van Noorhis, of New York. His
resolution is significant as indicating the
yexed temper Of the Republican side. The
resolutions had their effect, for this even
ing Mr.. Wilson made the bond contract
public. There will be some very sharp crit
icism of Mr.. Cleveland's course tomorrow.
Indeed, the rules committee has acted wise>
ly in limiting discussion to only few
hours, for there is reason to apprehend
that some of the Republican speakers will
take Mr. Cleveland to task in unsparing
terms. Mr.. Wilson shares the infatuation
Of his illustrious predecessor in financial
failure. Mr. Springer, in publicly claiming
to believe that he can pass his resolution
by the aid of Republican votes. He will
learn his error when the roll is called.
Senator Teller spent some time on the Re-
publican side of the House to-day urging
Republicans not to support the gold bill,
and this evening he announces his conf
dence of it's defeat.
With almost inevitable defeat of the Will
son bill in the House Tomorrow, the fnan-
cial chapter may be regarded as closed so
far as that body is concerned. But there
is every prospect that the subject will only
be shifted from one end of the Capitol to
the other, for the silver Senators seem
determined that there shall be at least
some discussion of the Jones bill, even
though they have no hope of it's passage
There was conference of the leading sill
OF 10
harmonious plan of procedure. The situa-
tion in the Senate is such that silver
discussion can be precipitated at almost
any moment. Three financial propositions
are on the Presidents table and can there
fore, be called for discussion by a majority
vote at any moment. There is the Villas
resolution introduced by him to-day en-
bodying in effect the recommendations of
the Presidents message; then the Sherman
bill providing for five-year gold three-per-
cents. and finally the Jones bill. There
was suggestion at this afternoons con-
ference that Mr. Villas be supported in his
motion TO call up his bill and when that
was accomplished, that the Jones BILL
should be promptly substituted therefor and
passed. But other silver men, notably Mr..
Dubois, of Idaho, maintained that with the
Overwhelming majority which the silver
men now controi III the senate, such a
course would be puerile, and he advocated
a direct vote ON the Jones proposition.
Whatever plan is adopted. 1T is not be-
lieved that the situation can be pressed to
vote.
Meantime, Senator German has stepped
TO the front again. 1t will be remembered
that some weeks ago Atr. German promised
that the Senate would not adjourn without
coming to the relief of the treasury. hEvents
at one time seemed to discourage the Mary
land leader and he even intmated tpublicly
that he saw no hope for any action. But