The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-02-05
| A NEW FINANCE BELL
0ongre essman Reeds Plan to Re-
g.. lieve Existing Distress.
ONLY A TEMPORARY EXPEDIENT.

Tho pIan Is to ofrcr the Bill as n Substitute
/ for the Administration Measure. and tho
Nfaina Statesman Hopes for Democratic
Support.
wAsIhINdToN, Feb. 5.--Calculations of
the supporters and opponents of tho new
administration financial bill were upset
yesterday by the interjectlon Of a new fac
tor into tho campaign. Mr.. Reed, of
Maine, tho Republican leader, brought
forward new plan for which he is en-
deavoring to enlist the entire strength of
his party and which he will offer as a sub
stitute for the administration scheme If
he thin rs his plan can command sufficient
support to make 1t factor in the fight.
There a1e but two sections to the Reed
plan In the form in which he has submit
ted 1t I'd his colleagues. The first proposes
to restrict the law of 1875, which author
izes the secretary of the treasury to issue
bonds to redeem the grecnbacks, to per
cont bonds The second section author
lies tho secretary of the treasury when
thcre Is deficit to issue certificates Of In
debtcducss to pay current expenses, the
certificates to be in sums of t25, $50 and
800 and any multiples Thereof, bearing in
terest at 3 per cent. and payable in coin.
The lill, as Mr. Reed explained to the
Republl leans whose support he sought, is
but u temporary expedient to tide over the
present distress. The substitution OF
''coin" for the gold provisions of the ad
ministration plan Is expected to win for il
tfie liberation, II not the support Of the
free silver men Its comparative slmplio
ity, II n expected, will commend tho bill
TO the house in preference to more com
plcx plans.
Mr. Reed devoted himself assiduously
throughout the day tocloak room consul
tations with tho Republicans He flrs
endeay0red TO elicit the opinions Of the
gold men, and then talked to the silver
men. The measure Of his success is DIM
cult to estimate The plan Is to offer th'
bill as d substitute for the administration
bill, and by polling the solid Republican
vote while tho Democrats are divided OF
the administration bill mako 1t tho mos
formidable proposition in the field, ant
perhaps induce the Democratic opponent
Of the administration bill to rally to 1t
support
Chairman Springer aud his colleague
have counted on most of the Republican
votes for the administration bill, and hav
prophesied that it would poll about tn
same support that was given to the repea
OF the purchasing clause of the Sherman
act. Accordingly Mr.. Reeds move over
turns their calculations to great extent
Interest," In the financial question abou
the senate yesterday centered in the az
tivity df the silver senators and tho fire
qucnt consultations held by them. Thi:
taken III connection with tho call Issue
by senator Voorhees,, chairman OF tn
finance committee, for meeting OF tn
committee today led to the general sur
position that An attempt would be mad
by the silver advocates on the committe
TO sccurh the reporting of Il free silver bill
Inquiry among the ncmbers of the com
nittee fniled to develop absolute assuranc
chat tho effort would be made, but enoug
was said in many quarters to indicate tina
the general suppositlon was not withou
good foundation.