The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-02-12
THE BOND MESSAGE
The House Ways and Means Com
mittee Still Undecided.
PROSPECTS OF AN AGREEMENT.

Secretary Carlisle Before the Committee
Today to Explain the Latest Bond Con
traot-Action Predicted on Which Demo-
Gratis ami Republicans Can Unite.
WAsHINGToS' FEB 6Sb}e'fis Fine -haHse com
mittee on ways and means held another
conference over the presidents bond mess
age yesterday, and again adjourned with
out reaching any conclusion but with
brighter prospect for agreement ahead of
1t. Today Secretary Carlisle will appear,
it is expected, with the contract for the
sale of the forthcoming bond issue to set
tie question which arose at yesterdays
meeting.
Democratic members Of the committee
prophesy that the Republicans will unite
with them on plan. This belief is based
on no definite statement from the opposi-
tion but on the general demeanor Of the
Republicans and the sight of Mr.. Reed in
conference with Mr.. Cochran for an hour
The Republican contingent took small
part in the proceedings, and individually
it's members are diplomatic in speaking Of
their intentions. If Mr.. Reed has arrived
at any understanding with the admins
tration men, as was freely rumored, he
has done it, his colleagues say, on his per
sonal responsibility.
Most of the time yesterday was con-
sumed in a discussion Of a plan offered by
Mr.. Cochran to meet the present emer-
gency and possible exigencies of the fu-
ture, which would confer large discretion
airy powers upon the executive branch of
the government He made it as a verbal
proposition, but after the meeting re
duced the plan to writing and will pre-
sent it today in the following form:
Whenever it appears to the secretary of
| the treasury that an additional supply of
gold or silver is necessary to the treasury
to enable IL to maintain the parity between
| the various coins and forms of money of
! the United States as required by law, the
said secretary is hereby authorized to pro
cure such gold or silver as may be neces-
sary for that purpose by issuing therefor
! obligations of the United States condl'
| toned for the return of like quantity OF
the same metal as may have been thus OBJ
| tained and for the transfer to the holder
of such obligations of an additional
amount of said metal, not to exceed per
cent. of the whole amount thus obtained. -
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 resolution by adding a clause which
stipulates that none of the proceeds of the
bond issue shall be used to defray current
expenses of the government The change
was designed to meet the obligations ut
tered by Republicans at the former meet
ing, but their views upon it were not
ELECTED during the session.
Another change was made in Mr.. vii
sons resolution by leaving blank the tern
of the bond issue, and a question wa
raised whether the contract with tn
bankers did not stipulate for a thirty yea
term. The exact terms of the contrac
were not known to any member of tn
committee, and Mr.. Hopkins, Republican
made a motion that Secretary Carlisle b
invited to appear before the committe
and explain the contract. The Republi
cans asserted that they had a right Il
know the terms of the document.
Earlier in the meeting Mr.. CockraI
made speech in favor of his proposition
. claiming for it that it did not discriminate
! against either metal. Mr.. Bryan, of Ne
! braska, asserted that its intent was solel.
in the interests Of gold.
Among the Democratic members of tn
Z committee who were listed as doubtful
s conciliatory feeling made itself manifest
{ but it may not result in an agreement
Republicans say that their course canno
be decided upon until the Democrats pre-
sent some definite measure TO them.