The Mason County journal. [volume] (Shelton, W.T.) 1886-1927, 1895-01-25
Washington Letter.
IFrom.our regular Correspondent
WASHINGTON, Jan 18th, 1895

]
quilt currency bill in the Honse abuut
given up hope of securing any finnnk
cial legislation at this session withoG
the aid of the republicans. Althoux1
they are running hither and thitber
and holding hourly conferences theH
are accomplishing nothing, and theR
privately admit it. A definite appe
has been made by democrats frienoR
to the administration TO Senat1
Sherman and Allison. asking thenf
come TO the rescue of the Treasu3
and to prepare a compronI.se no9o'
partisan financial bill. 1t is not ~
all probable that these Senators Nj
prepare bill, but they, the other r.
publicans, have told the democra{f
that, in their opinion, what the Treaz3
ury most needs is more revenue. artl
that c b;-l tC increase t..e .eTe.r!es
the government, either by 6n incye4
in the tariff OF al dutiable article
beer, for instance. would receive u
votes OF the republicans IN tisotbs
House and Senate.
For the democrats 10 acceft tr11s
! hint would be to confess to the cotln-s
! try-what is already plain 80 all ex-
cept those who refuse to see-that The
democratic tariff j.ciicv is fsi1ure
and is at bottom responsible for all
the troubles OF tlse Treasury assd q.
| the country, but there a,e demOcra4G
who do not hesitate to advocate thsf
the confession be made, and whi1es
such action can hardly te eaid TO be
probable, it is quite rs much 90 a.
that any financial bin Will become -
law at this session.
Representative Hit, who was chair
man of the House committee On
Foreign Affairs in the last republican
House and who will almost certainly
occupy the same position in the next
House, is strongly opposed to the
recommendation OF Mr.. Cleveland,
that the United States should agree to
give up the advantage it new holds
under the reciprocity treaty with
Hawaii, and agree to- a modification
of that treaty which would allow
Great Britain to lease one Of the
smallest Of the Hawaiian islands to
be used as station for proposed
submarine cable between Canada and
Australia. While Mr. Hit admits
that cable communication with
Hawaii would be very desirable, both
for that country and the United
States, he insists that this country
should control such cable. not only as
matter of business sagacity but as
precaution in case OF war. This il
no new position for Mr.. HIT. Az
long ago as the Fifty first Congress he
tried to have the diplomatic and con-
sular appropriation bill amended 50 as
to provide for the survey o. catle
route between San Francisco. and
| Honolulu.
Mr.. James J. Hill, the northwestern
railroad man financier who is at pres-
ent in Washington, says Of the fisaan-
cial situation: E'It's hand to say what
should be done by Congress in the way
of financial legislation. 1t seems to
me that it would be good idea to
leave it to a commission to frame q
bill. Take two of the ablest repub3i-
cans in congress, two democrats, ard
tisen appoint John Sherman chairman
of the commission. 1t would he safe
to wager ten thousand dollars against
a cent that would settle this vexed
question for the next twenty years"
i Senator Teller. in replying TO Sena-
tor Hills attack on the income tax,
did some plain talking, as he usually
ldoes when he speaks upon any subject.
| He said that any proposition for the
repeal of the income tax must be &C.
companied by one to raise as much
money, owing to the very pronounccd
need Of the Treasury for money. He
called attention to the fact that Is the
present monthly deficit was kept up
the deficit for the year would reach
$100,O00,0 900: also, that the proceeds
| of 800 600 900 in bonds had already
been swallowed up by the deficit under
| the Cleveland Administration and that
! the gold reserve fund Was down to vi,
loco 900 and was still rapidly falling.
nWhat the country is suffering from
particularly, he continued, ais q lack
iof revenue, not lack of Of gold IN the
Treasury. If the revenue Was ampds
there would be no difficulty IN acQnir-
, ing gold, and no question Of maintain
ing the parity between different kinda
iof money" He paid his respects 70