Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1895-02-07

Washington, Feb. 5.-Tne calcula-
rons of the supporters and opponents
Of the new administration financial
bill were upset by the interjection of
a new factor into the campaign Mr..
Reed, the republican leader, has
brought forward new plan for which
he will endeavor to enlist the entire
strength of his party, and which he
will offer as substitute for the adj
ministration scheme, If he thinks that
the plan can command sufficient sup
port to make 1t factor In the fight.
There are but two sections to Mr..
Reeds plan i'm the form In which he
has submitted ID to his colleagues.
The first proposes to rescind the
law of 1875, which authorizes the sec
rotary of the treasury to issue bonds
to redeem greenbacks to 3 per cent.
bonds.
TIL second section authorizes the sec
rotary of the treasury, when there is
deficit, to issue certificates Of in
debtedness TO pay the current ex-
penses certificates to be i'm the sum of
s25, $50 and 800 and any multiples
thereof, bearing interest at per cent.
and payable IN coin.
The bill, as Mr.. Reed explained, Is
Init temporary eXpediant to tide
over THE present distress The sub
stit1ltion of the word "eoin' for "gold''
is expected to win for 1T the federation,
II not the support of the free silver
men. Its comparative simplicity, it
Is expected, Will commend the bill
to the house in preference to the more
complex plans.
Mr.. Reeds plan is to offer the bill
as a substitute for the administration
bill and by polling the solid republican
vote while the democrats are divided
on the administration, the bill will
make most formidable proposition in
the field, and perhaps induce the dem
ton bial to rally to Its support.
Chairman Springer and his colleagues
have counted on most of the republic
an votes for the administration bill,
and prophesied FIAT 1T would poll
about the same support as that given
to the repeal of the purchasing clause
of THE Sherman act.
Washington. Feb. $50 far as can
be learned, no steps have been taken
to prepare plates for another bond is
sue. The amount OF bonds which the
administration contemplates issuing,
and may give notice of at any time
now, is S100000O00 in four per cents.
TO run thirty years. Arrangements, it
is believed, have been practically con-
Guided assuring the government that
these bonds win be paid for with for
eign gold.
Washington, Feb. 5.-Treasury Of
ficials generally express the opinion
that Secretary Carlisle's estimate Of
the surplus, $22,500000, for the calen-
dar year of 1895, Is conservative. 1t
is urged that the customs duty on sug-
ar alone should bring in at least thir-
ty-five millions during the next eleven
months, and the revenue from the in
come tax Is fikely to reach forty mil
lions, The receipts from general Gus
toms and from whiskey Withdrawals
are expected to increase from now on,
which 1t Is believed will bring the re-
ceipts for the twelve months up to
shout $3S0,500,0O0. The disburse-
ments for the year. 1t is thought, win
not exceed 1851, 100000, leaving a sur
plus, after the deduction Of the seven
millions deficit for January, of $22,-
100000.
New York. Feb. 5.-The fact that the
treasury has not issued a call for pro-
posalS for the new government loan
has had depressing effect on share
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