The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-01-11
CURRENCY MATTERS
Discussed Yesterday by tho Senate
Finance Committee,
CURRENCY REFORMERS STILL HOPE
For Financial Iicglslation-h Now
Measure to 30 Introduced Having
Executive Approvnl-Tho Day in tho
Senate aud House Ways nnd Means
Committee to aIcet-othor Capital
BusiHoss.

WASHINGTON. Jau. l0.-Notwithstand.
Ing tho revorao suffered by tho Carlisle
currency bill In the house yesterday,
there 10 to DO no abandonment OF tho
effort to secure currency legislation. It
Is stated by gentleman conversant
with tho facts that new measure hav.
ing executive approval will DO in.
troduced IN tho house in about two
weeks. This length Of time will be al.
lowed to elap,o in order TINT tho con-
fusion and excitement. attending the
struggle over tho first bill may be allay-
cd, and now start made under more
favorable conditions. 1t Is probable
that Mr.. Springer will not direct the
course OF the new measure, as tho de-
sire will bo to urge II along now lines
and with new leaders, with Wow TO
separating it rs far as possible from any
loss OF position attaching to the old
measure. This general plan Ia not the
expression OF hope on tho part OF
sanguine advocates OF currency legisla-
tion, but 1t is tho result of careful sur
vey OF tho situation by those in posi-
ton to inaugurate policies. 1t will be
surprise, however, TO most OF tho Demo-
cratic members OF tho house, including
members OF tho committee on rules, as
the opinion is general that the reverse
OF yesterday closes all prospect OF cur
rency legislation, and ends all efforts in
that direction.
The lines on which the new measure
will be framed are not definitely known.
To Home extent it will follow the old
bill, with such changes as the expert
ence OF the recent debate showed TO be
desirable. It is pointed out that the
vote OF l24 to 100 Is an adverse majority
OF only five. SO that change OF three
votes would show majority support
ing the bill. Under thase circum-
stauces it is felt tina. concessions can
be mado securing tho adhesion Of n
number ot members whose propo-
si,ion has been used on specific
objections. 1t ia aald. however, that
there will be no concession in tho ma
turo OF surrender 10 the silver ele-
ment, ii they push their demands to
the point OF remonetizing silver at a
ratio OF 10 to |. 1t is said that the con-
ciliat;on OF this radical element is no;
deemed necessary, although there will
be every desire to accept the assistance
| OF those silver men who will aid in
meeting the emergency, even though
the result is not a iull realization OF
their theories. While this general plan
is we'll defined it has not yet been COM
municated to the house leaders and Is
not, therefore, subject OF moment
among them.
Other subjects have been taken up and
there is apparent unanimity OF opinion
outside OF few Democratic leaders that
the currency question is closed.
Senators Morrill,, Sherman, Allison
aud Aldrich. Republican members of
the senate finance committee, held q
conference to-day in Senator Sherman's
committee room, for tho purpose OF de-
Gliding upon line OF policy in case
there should be an effort to tako up tho
currency question in the senate. The
conference was decided upon after
Chairman Voorhees, Issued his call for 4
meeting OF the full committee at 9
o'clock to-day.
lHCg htsueu LlluI ITO ue1lltc allu Lutl
conclusion could be reached until some
measures had been brought to their at.
tention by the Democratic members OF
the committee. They will not suggest
bill themselves, nor suggest anything
looking TO tho perfection OF bill.
Furthermore, they will suggest to the
Democratic members OF the committee,
ii called upon for suggestions, that in
view OF tho report that Secretary Car
lisle had been in consultation with
leaders OF tho house, with view to the
revival OF the currency bill in the house
in modified form, it will be the better
plan to postposo any effort to do any
thing in the senate until there may be
opportunity to ascertain what will be
the result in tho house.
Tho discussion among tho members
OF the committee indicated n general
disposition to leave the initiative to the
Democrats, because tho latter arc in the
majority. There was also disposition
OF distrust shown toward any bill that
may be originated by the Democrats.
The conversation developed that the
Republicans do not consider the treas-
ury eituation 80 critical as somo OF tho
Democrats do, and TINT thoy think 1t
question Of revenue rather than OF cur.
rency.
.Ir a lT