The record-union., 1895-01-10

1t would be such q radical step, however,
in bringing silver into the question, that
the conservative men did not regard the
plan as feasible. II was, however, the
main topic Of prospective action.
On the Republican side the opinion was
general that the defeat of the rule ended
all chance OF currency legislation in Con-
gress. Mr.. Reed would not enter into a
detailed discussion on the turn of affairs.
TIE Republican leaders in the House as
sert that they had agreed to offer no par
Ilamentary obstruction to a vote what
ever II they had been permitted to vote
first on the ninth and tenth sections of
the bill. Mr.. Reed was on his feet for
recognition, with the draft of rule in his
hand. providing TOR a vote on the bill
according to this plan. That is, voting
for the ninth and tenth sections first. The
Republicans would all have voted for
this rule.
Mr.. Walker of Massachusetts, who had
led the Republican opposition had de-
termlned TO withdraw his bill, which he
had previously notified the House he
would offer as a su Institute, and which
was the only plan proposed by Repub-
Hcan. he says also that no amendments
would have been offered to the Car 'sle
Dill by the Republicans, although 81 of
them would have voted against the bill.
The collapse is complete,' said Mr..
Walker, speaking of the days events.
There will be no financial legislation by
this Congress, unless the Senate sends
Dill to the House, which seems impossl-
Die. Twenty or twenty-five members
voted Tor the previous question who
would not have voted for the BILL"
When the possibility Of the Republican
Congress being called into extra session
was spoken of, Mr.. Walker said: "If
congress gives ample authority, and gives
1t wisely, to the Secretary Of the Treasury
TO issue bonds both TO maintain gold pay
ments and supply the Treasury defici-
ency, an extra session may be avoided,
but at great expense to the Government.
II the Treasury is given no additional
authority for the issuance of bonds, with
the prevailing want of confidence in the
management of national finances by the
Administration, 1t will injure the busi-
ness OF the country, and | fear an extra
session will have to be called"
Many of the Democratic Senators re-
celVed the announcement of the adverse
vote on the currency bill as summons
10 the Senate to take the question uD and
find a way out of the difficulties with
which the country finds itself surrounded.
Senator Voorhees, took the first step for
the formal consideration of the matter by
issuing call for the meeting of the FL
nance Committee, to be held tomorrow,
for the purpose Of canvassng the entire
of improving the condition of the treas
ury. So far as can be learned, no meas
ure has been prepared for submission to
| the committee, but the movers of the
meeting hope general exchange of views
on the part Of the members Of the COM
mittee will indicate general lines on
which bill may be framed which would
stand a chance of receiving the approval
| OF the committee and OF the Senate
1t is also understood Senator Vest has
IN mind the outline of a plan for bill
which be may submit TO the committee
! and which may prove the basis of future
action. The two principal features of the
! plan are:
! First-To authorize the issuance of a
sufficient number of low rate bonds to
! retire the S356, 100000 worth of green
| backs, and second, to provide for the
! purchase and coinage of a sufficient
! quantity Of silver to increase the silver
issuance to $3.50. 900, ,000 which would be
an increase of about $3.50, 100000. This is
| suggested as a compromise on which the
bond advocates and the silver men can
| agree, but the scheme has not met gen.
| eral favor, so far as 1t has been canYaSSed
Some of the silver Senator's notably
the Republican silver Senators, have
taken the position that they will accept
nothing short OF provision for unlimited
| silver coinage. They will not insist upOn
| free coinage at ratio of l6 to l, but are
willing to allow the Government liberal
Se!gnlorage. They will not agree how
ever, that any limit shall be placed upon
the amount to be received on the terms
agreed upon.
1t is not known how the Finance Com
mlttee will stand upon this proposition,
but the silver men believe poll of the
committee will show majority friendly
10 that metal. The Republican members
| OF the FINANCE Committee do aOt regard
| the outlook as promising for any action
at all, and they predict that there will be
great divergence of opinion as among
House members, and they predict that it
will be quite as impossible for the Senate
| Democrats to agree on any bill presented
as it has been for the House to agree on
| the Carlisle bill.