The Providence news. (Providence [R.I.]) 1891-1906, 1895-12-05
COIN BONDS.
Recommended as a Method o. Relief
For the Treasury.
REEDS SLATE NOT MADE UP.
Has Nothing to Say Regarding
Appointments.

WASHINGTON, Dec. 5.--Charles G. Jack
son. a Bost9p banker, has been In Wash
iugton studying congressional sentiment
upon tho issues raised in the presidents
message. He has talked with tho In
nuential leaders Of the house upon the
business propositions involved, and his
conclusions, as foreshadowing probable
Legislative action, are Of value.
Mr.. Jackson says: "The most probable
outcome will be law authorizing the
secretary of the treasury TO sell short term,
low-rate coin bonds, not gold bonds, and
short-term certificates Of Indebtedness, In
order Co maintain the reserve, coupling
with IL the obligation on the part OF the
secretary to keep the accounts Of the gold
reserve entirely separate from the ordinary
receipts and expenditures OF the treasury.
This separation OF accounts will be a
great step In advance, and although gold
bonds would be far better than coin bonds,
the latter will undoubtedly give the secre-
tary ample power TO maintain the reserve
at the proper level. BY resolution or law.
congress is likely TO charge the secretary
with the duty OF keeping larger gold re-
serve than The 500, O,0O0,O 900.
II cannot help believing that IL Speaker
iNtu, WIN SrcAt NlHOE ot Uniuu tuu
will, would come out boldly in favor OF
the withdrawal Of tire United States legal
tender paper. his influences, with that Of
the president, and with the growing con-
viction among business men all over the
country that such action Is essential would
produce positive results upon the action Of
congress"
Mr.. Jacksons observations represent
the asoertainable sentiment OF the pro.
gressive element OF house leaders. and
were there no senate the probability Of
legislation along these lines Would be
granted. As II Is. 10 Is too early TO know
what kind Of financial measures can get
through the upper chamber.
Reed siil silent.
Members who were closeted for brief
times with Mr.. R,ed yesterday declare
that they have no knowledge as TO what
the speaker intends TO do as TO committee
appointments.
"A constant string Of visitors have been
received by Mr.. Reed, but they have
emerged with u paucity OF information.
They say that the speaker listens 10 all
they tell him about the committee places,
which they think should be allotted 20
themselves and their friends, and then
be says there is plenty of time yer. and he
with gfvc the matter his careful considera-
ton.
Not oven by insinustion does he let fall
any scraps OF information. Ii is said
on good authority that Mr. Reed has
slated but few Of the many new members
for their now positions yet, as he intends
70 meet them first and take their measures
personally. IL is shown that Mr.. Reed has
told certain members who have been pre-
pairing resolutions touching upon foreign
affairs to confer with Mr. Hit Glls.) and
obtain his views before they introduce
their resolutions.
There Is little information In this, how.
ever, for IL has been n forcgonc conclusion
that the chairmanshp Of foreign affairs
would fall to Mr. HIT, tho only possible
obstacle being the fear that his health
might not permit him to take up the
work.
The Turkish Question.
The senate worked yesterday while the
house enjoyed recess. but most of the
business transacted was Of q routine char
acter.
Mr.. Hoar showed the disposition toward
cooperation with the president in dealing
with tho Turkish question by Offering a
resolution denouncing the atrocities in
turkey, ana assuring the executive branch
VI the cordial endorscncnt by congress Of
. vigorous course for the protection of
American citizens Ia Turkey and the sup
preston OF the barbarities against Chris
tiauity.
Mr.. Hoar did not ask Immediate action
on the resolution but he secured the
adoption of another resolution requesting
the president 10 submit 10 the senate all
correspondence relating TO Turkey. The
resolution males specific inquiry M To
what American consuls are absent from
their posts by reason of the disorder pre-
vailing
The first formal speech of the session
was made by Mr.. Allen (Pop., Neb on
Cuba aud tho Monroe doctrine. Ii was
read from manuscript and was lacking In
the spirit expected in the treatment OF
these questions. Mr.. Allen urged the
recognition OF tho Cuban insurgents .sthe
annexation OF Cuba and a strong foreign
policy
The influx of bills continued several
hundred being added TO those already in.