Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1895-01-31
MORE BONDS.
The President Considering About Is-
suing 4 Per Cent. Bonds.
EXTRA SESSION EXPECTED.
A Repeal Recommended Of the Law Which
Encourages spying on Homestead
Settlers Reserve Down
to s4s,016,I93.


the president has been seriously CON
sidering the propriety of issuing per
cent, thirty-year bonds in the event
that congress shall fail to act favor
ably upon his recommendations in his
recent message. Il is known that
bankers representing vast capital, both
in this country and in Europe, who
have been in Washington within the
last forty-eight hours, and In consulta-
ton with the president, have given
him to understand that per cent
thirty year bond would be easily me-
gotiable by the United States at
70 per cent. This is the
rate which congress undoubtedly
would be willing to pay, but
there is condition attached to the is
suance of this bond from which the
democrats in congress would most GER
tainly shrink. But if the democrats
in the two houses shall refuse to
yield to the suggestions of their own
party leaders, and to pass the law
which is deemed by him to be essential,
they will be compelled to accept the
alternative, which may be the issue Of
$500, 00O,OO of per cent thirty-year
bonds. 1t may be of interest to silver
men to know that August Belmont, the
agent of the Rothschilds, has spent
some time in Washington recently,
and had conference with the presi-
dent.
ANTICIPATING AN EXTRA SESSION.
WASHINGTON, Jan. 3O.-The policy Of
the administration men of trying to
frame financial bill which will have
the support of the republicans is re-
garded as the first move of the admin
istration in anticipation of an early ex-
ira session of congress- They hardly
expect to succeed in getting their bill
through even the house, aud know GER
tainl5 that itcannot pass The senate at
this session. If, however, the effort to
get republicans to stand behind the
measure is successful, it will form the
basis of legislation at the extra ses-
sion. In the event of the failure of &C
ton at this session it is expected that
the president will not delay in calling
an extra session more than week or
so. On the assembling of the Fifty
fourth congress, If the party is com
mitted in advance to action on this
subject, the republicans will have no
difficulty in very promptly passing the
bill through the house. In the senate,
however, the situation will be uncer-
tain.
DIsPENsES WITH LAND SPIES.
WASHINGTON, Jan. 3O--Since 1881
there has been law which encour-
aged spying on those who took up
public lands. If man could make
case against one who had entered land
and get him dispossessed the spy was
recognized as having the first chance
to enter that piece of land. This law
has operated in Oklahoma to inspire
perjury and promote bloodshed. Upon
It there have been based hundreds Of
cases Of blackmail The Dockery COM
mission, after a close investigation,
became convinced that this law was
doing vastly more harm than good. 1t
was decided to recommend repeal. The
matter was passed on by the public
lands committee and approved. Yes
kgrday the house ordered the repeal
provision made a part Of the legisla-
tive appropriation bill, and It will, of
course, go through. This win be good
aews to Oklahoma people especially.
BELOW FIFTY MILLION.
WASHINGTON, Jan. 30.-The secretary
Of the treasury has directed the assay
officials at New York TO exchange gold
bars for legal tenders at an advance Of
OF per cent. instead Of one
eighth. This reduction was made for
the reason that nearly all of the gold
coin now on hand Is new, and there
fore has lost nothing by abrasion. The
amount of gold withdrawn from the
New York sub-treasury yesterday was
S3, 06e, 900; from Boston ssS, 900, making
the total 50, las, 900, which leaves the
gold reserve 4s,616, 1913.
A LABOR BULLETIN BILL.
WASHINGTON, Jan. 30-Chairman
Of the house labor committee,
has introduced a bill advocating the
of labor bureau reports at
intervals Of not less than two months,
and not more than 100 octave pages, to
contain current facts as to the condi-
lion Of labor here and abroad; con-
Of state and foreign labor
reports; facts as TO the condition Of
Ten thousand copies Of
Zach are to be printed and distributed.