The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-14
Debate on the Income Tax to
Consume Days in Senate.
AFTER THAT. NicARAouAN CANAL
Jones Of Arkansas as Peacemaker on
Currency Reform Question.
He Hopes 60 Suit Both Goiabugs and
Fiat Money Advocases-The Indian
Appropriation Bill Ready for the
House, but the sandry Civil Bni still
in Committee.

Washington City. Jan 1s-The prospect
Is that the tine OF Tire senate viii be di-
vsdesl during the week between discussion
OF tlse incoens tax. based upon the urgent
deficiency bill. ard the continuation OF the
debate on the N3caraguan canal bill
Senator CocArssl chairman OF the com
n1lftee on appropriations. fs very hopeful
of being able to dispose OF the income tax
question by the time the week shah he
half gone. AMI II he s>cnld succeed TN
this Senator Morgan, who IS in charge OF
the Nscarassaa canal bin. thinks there
VII be no difficulty In securing vote on
the canal biz before the close OF the
week. thus leaving the Way efsar fer the
bankruptcy ard terFsrvrsal admission and
other bills, as well as the other app-o-
priatioa bills Chairman Coekrea does
not regard seriously the prospect OF the
pro.onging Of the income tax question:
There viii be several speeches whsSh.
while based ON the deficiency bill, viii be
directed to the discussion of general
financial questions. There is no DISPOSE
ton on the part OF the appropriations
committee to eursail speeches. but there
has come to be some talk of night ses-
sions in case they get to be too numerous.
or if the disposition To filieuster should
appear to be more pronounced than u
now appears probable. Senator German
will probably ind cpporfunaty tomorrow
to make the speech which he had fn-
tended 10 make yesterday.
So far as known there are only three
more general speeches 10 be made on the
Nscaraguan bill. but it is possible others
will vet be announced. Senator Iurrle
will speak again ON the bill. and Senator's
Vest and White have announced desire
TO be heard before the vote shall be
taken. Saturday viii be given up TO eulo-
gles on the character of the late Senator
Vance.
The probabilities are that the beginning
of the week will see the introduction of
stfa another currency bill "a the senate.
Senator Jones. of Arkansas. who at the
critical stage OF tariff legislation took tho
matter in hand and harnlonized the DIFF
ferant elements so as To bring definite re-
suits on; OF a decidedly chaotic condition,
is the author OF the new bill. and he
comes to the frcat this time as a conf
prcmsser and harmonizer. There have
been objections made to the bills prepared
by Senators Vest alsi Mcpherson on the
ground, IN the case of the Vest bill, that
IL leans too much toward silver; and in
the case OF the Afct'herscn bill, that Ii ia
too exclusively in the interest Of bonds.
Senator Jones realizes that silver and
boTstfs are the two antagon,ziug clements
in this question, and his effort has been
10 prepare a. measure which w.A perhaps
moi be all that the friends OF either cause
would naturally demand, but will in the
end secuge the support OF both elements.
He has been In consultation with many
of the leaders of both these contemAng
elements In the senate. and IL is under
stood that his BID as outlined has the
favorable Endorsement OF the representa-
tiyes of all the conflicting interests. 1t
is also understood that the terms OF the
bill are not unfamiliar To the leaders in
The house. Furthermore, ii is probable
that Il has been brought to the attention
OF the proper authorities In the executive
branch OF the government The bill VIII
FIRST provide fer the Issuance of 2 IL per
cent bonds 10 the amount Of SO. 0eA. .ooc
which are to be paid in gold and are to
be used both fer the purpose Of meeting
the current expenses of tke government
and the redemption OF United States and
treasury notes. The bill viii also provide
for the issue Of bank notes 10 take the
| place Of the treasury notes IN such a way
as not TO produce a contraction Of the
currency Another provision SIS that the
| rational banks shall be allowed to issue
circulation UP TO their par vaiCe, and the
tax on national bank circulation Is fixed
| at IA OF l per cent. In the interest Of
| silver the bill provides for ITS unlimited
/ coinage under the c3ysfstion that the
/ 35oasiar os silver bullion nay take IL 10 the
mint and have n coigyei into silver dol
/ lars. the government retaining as sclgn-
| forage the difference between the cosnsng
value Of The bullion and its market value
on the day that the bt4lisua is taken 20
/ the rnints The bill also provides for the
/ withdrawal from cifcfassas.oa Of all green
/ backs. treasury notes ani national bark
! notes below $50 and the substitution az
! silver certificates In denominations Of tess
/ than see which are 10 be payable sn sill
yer The bill VIII contain urovis.ons pro-
| yi-I-ng .gsinsi either unsue imitation or
| contraction
There Is 10 Gsfin1te programme for the
house this week. There Is bare posi-
| hifity tFai new currency bill VIII be
/ thrown into the arena OF debate. but X Is
! only a possibility. The consensus Of opsn.
ton row seems 70 be that any proposed
! carreFscy legislation, 10 be successful
must ne initiated at The other eti of tts
| ,.4r8tol. Tomorrow is District Of Column
| tysa ssay. ard on Tuesday the house VIII
/ ryroaahIy take up the consideration rf the
Imaan appropriation. which was reported
| Yesterday and whach Is the oIAy aETro-
/ rrfatsogs bill on tire caleBiar. if the sun.
/ dry civil appropriation biA, tsIe nlost iEi-
| ysa~tant Of the btiss. Is rot reported DesoFs
| sne InG2an shg2l ls disposed of. tfe eosn-
| Ysttea en- rules probably VII give tsss
/ evening time 10 the business cf the va
rsous eegrsasstsees- y day may lss given
4, the cssslassrat tson of the findings Of the
ees8rt cg claims.
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