The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-12
AGREEMENT.
Republicans and Democrats
May Unite.
New Schemes offered Designed to
Overcome Previous Objections,

VAohiNuIoN, rep iS-Ine nousS oom'
mittee on ways and means held another
conference over tho presidents bond mes
sage yesterday and again adjourned with
out reaching any conclusion. but with q
brighter prospect for agreement ahcad OF
IL. Secretary Carlisle will appear today,
it Is expected, with the contract for the
sale OF the forthcoming bond issue, to set
tie a question which arose yesterday.
Democratic members of the committee
prophcsy that Republicans will unite
with them upon "a plan. This belief IL
based on no definite statement from the
opposition, but on the general demeanor
OF the Republicans and the sight OF Mr..
Reed in conference with Mr.. Cochran.
The Republican contingent took small
part in the proceedings, and individually
It's members are diplomatic I'm speaking OF
their intentions. II Mr.. Reed has arrived
at any understanding with the admins
tration men, as 1t is freely rumored, he
has dono it, his colleagues say, on his per-
sonal responsibility.
Most OF the time yesterday was con-
sumcd3n discussion OF a plan offered by
Mr. Cochran 10 meet the present emcr-
gency and possible exigencies OF the
future which would confer large discre-
tionary powers upon the executive branch
of the governmont. He made IL as a
verbal proposition, but after tho meeting
reduced the plan TO writing and will pre-
sent II In the following form:
Whenever il appears 10 the secretary Of the
treasury that an additional supply of gold OF
silver Is necessary To the treasury To enable 10
10 maintain the parity between the various
COINS and forms of money Of the United States,
aa renrir..d ~ law the safd Ia hareiay
authorized 10 procure such gold or silver rs
may be necessary for that purpose by issuing
therefor obligations OF the United States con
ditioned for the return OF a like quantity Of
the same metal may have been thus OBJ
tanned, and for the transfer to the holder OF
such obligations Of an additional amount Of
said metal not 20 exceed . per cent Of the whole
amount thus obtained.
Chairman wilson's Amendment.
Mr.. Bynum withdrew his resolution In
Difference to Chairman Wilson's plan,
which covers In part the same ground, and
Mr. Wilson had amended the form OF his
rcsoluts.ln by adding clause which stpu-
lates that none of the proceeds OF the bond
issue shall be used to defray current cx-
penses of the government. The change
was designed to meet the objections ut
tered by Republicans at tho former meet
ing, but their views upon 1t were not elected
during the session.
Another change was made In Mr.. Will
sons resolution by leaving blank the term
OF the bond issue, aud u question was
raised whether the contract with the bank
ers did not stipulate for 3o-year term.
The exact terms of the contract were not
known TO any members of the committee,
and Mr.. Hopkins made a mot,,n that
Secretary Carlisle be invited 20 appear be-
fore the committee and explain the con-
tract which was carried. The Rcpubli-
cans asserted that they had q right 20
know the terms Of the document
Earlier in the meeting Mr.. Cochran
made speech In favor OF his propo sltion,
claiming for IL that IL did not discriminate
against either metal. Mr. Bryan of Ne
braska asserted that Its intent was solely
in the interests of gold.
Among the Democratic members Of the
committee who were listed as doubtful
conciliatory feeling made itself manifest
and It may result In an agreement Re
publicans say that their course cannot be
decided upon until the Democrats present
some definite measure to them.
Gold Coming In.
Secretary Carlisle has informed the New
1ork synulcatc, WIN Wnofn the ,60O, 900
ounces of gold were contracted for, that
interest on the bonds given In payment
would not be charged after the deposit Of
the gold, and In consequence largo
amount Of gold was yesterday delivered at
the assay Office.
The superintendent Of the assay Office
has been instructed TO receive the gold by
weight and to pay in certificates OF deposit.
which will be received for the bonds when
they are ready for delivery. None of the
gold will be counted, but-will be weighed
in as bullion. and, II standard, at the rate
of slS.6oi65 plus per ounce. or as AZ
ounces OF standard gold Ia exactly equal
to $500, the weight may be- multiplied by
800 and divided by 43 TO determine the
value In dollars. Under these instructions
abradcd coin will be received the same as
neg, and II foreign coin Is offered it will
DO melted and it's value determined by