The Anaconda standard., 1895-12-24
FOR A REVENUE BILL
The Ways and Means Committee Will
Introduce One Thursday.
TO RELIEVE THE TREASURY
There WIN Probably Ee No Bonds
Issued Right Away. But II Nee
essary. the President VIII Rec
ommond Such a Course.

Washington, Dec. 2s.-The ways and
means committee of the house met at
IL O'Clock to-day to take formal steps
toward preparation of a revenue bill.
Thirteen members were present The
discussion did not reach the question
OF the plan that would be brought in,
but was confined to the policy of hav-
ing congress remain in session. which.
as outlined by these dispatches, had
already been determined upon by the
republican leaders In reply to Presi-
dent Cleveland's request that congress
should not adjourn, resolution was
presented by Mr.. Payne of New York.
1t declared IL was the sense of the COM
mittee that 1t was inexpedient for the
two houses to adjourn for the holiday
recess, and further consideration of a
motion for holiday adjournment should
be postponed for the present Dingley
was authorized to make the statement
to the house. .-+
The committee was assured by Ding
ley bill could be brought. before the
house within a very short time. AL
though this was not mentioned in the
meeting, 1t is understood to be the
programme of the leaders to present a
bill to the full committee the day after
Christmas, and perhaps bring it before
the house the same day. For this pur
pose the republican members of the
committee will go into conference at
once. The bill will combine tariff ad-
vance for revenue and bond bill along
the lines of the one introduced by Reed
In the last congress
Dingley, chairman of the ways and
means committee, announced in the
house to-day a bill from the ways and
means committee will be ready Thurs
day.
1t being generally understood the
a nd Of
be prepared to report it's bill for the re-
lief of the treasury situation before to-
morrow or Thursday, the attendance
to-day was comparatively small. The
speaker announced that by inadvert-
ence Saturday, the name of Tracey, re-
publican, Missouri. had been omitted
from the committee on naval affairs.
After a little argument and objection
from Crisp in behalf of the minority
against the chairmen of three election
committees referring the election con-
tests, the speaker ended the matter by
making a concession and referring the
contests, one to each committee, in reg
ular order.
Mr.. Dingley, chairman of the ways
and means committee, said the COM
mittee met this morning and unani-
mously decided, in view of the presi-
dents message, Ii was not appropriate
for the house to adjourn until a proper
response had been made. ION Thurs
day." he concluded, I'VE hope the house
will make a response to the urgent re-
quest of the president and take some
action which will relieve the situation
in which the country finds itself" Gap
plause.)
1t can be stated on authority that the
rumor that the president had decided
to announce another bond issue at once
is without foudation. The only
cabinet members who saw the pres
ident were Secretary Lamont, who
just returned to the city and
called to pay his respects, and
Olney and Carlisle. The general situa-
ton was discussed informally, but the
question of the immediate issue of
bonds was not considered. Indeed, 1t is
said that in view of the presidents re-
legislation which might render another
issue unnecessary, 1t would be scant
courtesy to that body to anticipate it's
negative action.
The president has himself repeatedly
stated, however, he would protect the
public credit at whatever cost. should
the necessities of the situation require
heroic action. but at the present mo-
ment Ii Is argued such necessities have
not arisen. Moreover, II is doubted
whether in view of the present state
of the money market at home and
abroad large loan could be fioated ex-
cept at a great sacrifice to the govern
ment. With money at 25 per cent. IL is
not seen how exporters can afford to
make shipments of gold, and for this
reason the APPREHENSION of large with
drawals predicted before the break in
the market occurred is no longer felt.
There seems to be, however, no reason
able doubt that should heavy gold ship