Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-12-25

SILVER SEIGNIORAGE

Washington. ID. C., Dec. ia lian
has been drafted by ex-spaaker Crisp
and Mr.. Bailey of Texas which III be
offered as substitute for tie Repihlle-
an measures to be presented Thursday.
1t is based upon the old bill Cor coin
age OF silver seignlorage which was
passed by the last congress and vetoed
by the president. but to this oil will
be added feature for redemption OF
greenbacks. The principal change IN
the seigniorage bill viii be The .mls-
sion OF that part which rendered avail
able the seigniorage before 1t nad tten
coined by the uac of silver certificates
based upon It.
The trainers OF the bill hold that
this feature In not necessary because
there Is no immediate deficiency with
the present amount of silver in tho
treasury.
The other features OF tho plan will
provide for the redemption OF green
backs in silver whenever the ,mount
OF gold In the treasury fN.g bsiow
sl0o,0oO,O00. This may be ME- cred ms on
amendment to the seigniorage hill. as
more votes can be obtained f)r tie
former than the latter proposition The
Democrats who favor the plan intend
OF course merely TO place themselves
on record aa consistent In their ilran-
cial policy
The Republican members ~ the
ways and means committee held am
other conference this afternoon and
decided upon several changes In the
two revenue bills which Will be htro-
| duced In the house Thursday. The NEST
! important change IN the tariff I'LL was
| to drop the clause putting cereal bread
stuffs, livestock md deiry products
at an advance of rs per cent over the
| Wilson German rates so that these
features viii simply have the i5 per
cent advance under the horizontal
| clause. IL was also decided 10 Rd-
| vance carpet woods to the Mckinley
bill rates. but other woods and r,unu-
featured products OF woolR will remain
at 60 per cent OF the Mckinley bill nc-
cording to the agreement OF yesterday,
| The proposed changes were 20 exempt
sugar from the provisions for Aori-
| zontal advance of 10 per cent. Lumber
| will remain as was decided yesterday.
at 60 per cent of the Mckinley low.
In the bond bill the prinalpal irue
| authorized will be Il change ot rate or
Interest authorized by the act OF NO.
from per cent TO 2 per cent. and 'htse
bonds will he payable Mt he 5ctcn or
The Rovernment after three yeHri The
rate OF interest for the one year treas
urv certificates of indebt sdnsss was
raised from 2 per cent TO 3 her cont
This bill win also provide Tor inc rem
porary isolation OF tho sreenDaoks SO
that they will be held separate y. the
treasury and not be included WIN the
general assets of tho governmpat
There has been little dount ron me
beginning that sugar would .e tx
empted from whatever :arin chaHfes
made because any attempt to after me
schedule would give rise 10 compli1a-
tons. Members Of the committee soy
thepe bills are not intended IN ANY way
Ia represent Republican poiisiss on ,he
tariff or finance, but are merely tenn
norary expedlents TO meet an eN'ffh.y'
Inc Republicans holding mat me en-
Urgency IL caused by an 'nnu'h iehcy
Chairman pingley had ersnos
with secretary Carlisle Today alou,
ths hills. Tomorrow both 5llls VIII
he adopted by a meeting OF the com
ynt,fee which the Democrats VIZ ~
tend, They will be presented 10 'he
house Thursday.
The Populist senators conferred TO
aav and decided to OFFER a free coin
age bill as an amendment 10 either
tariff or bond bill when they come over
rom dhe house. The Populists are ia
vorabIe to the duty on wool pnl
against a raise in duties on "ooiei
| pOoda.