Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1895-12-28

for the bond bill, although the supposed
free silver majority of the senate makes
the success of the second bill much mOrt
doubtful.
There have been conferences of re
publicans from both houses preliminary
to the present plan, so it is not alto
gether the product of Speaker Reed
| Among the rank and file of house repub
| leans there is a movement to hold &
caucus Thursday morning to pass upOr
| the bills, but the leaders look upon the
caucus with distrust for other combina-
tons may be formed to change the tar
| if features and once the special inter
! ests find the doors to tariff changes
! open much time is likely to be cOnsum-
| ed. To all of the members who have
come to him today to secure cOnsidera-
! ton for the particular interests of their
| constituencies Chairman Dingley has
| replied that the bill under consideration
was not a tariff bill, but a temporary
revenue bill. The same argument has
been used in committee with those
members who are opposed to horizontal
raise of Is per cent on the ground that
it was opposed to the protection theory.
, The advance on live stock and cereal
breadstuffs was secured by the efforts
of members from the northwest and is
intended in part as a reply, said one
committeeman, to the charge that the
republican tariff measures favored the
manufacturer rather than the farmer
How much debate will be allowed has
not been decided, but not more than two
days at the most is planned. The bill
will be laid before the democratic
members of the committee Thursday
morning and will be introduced in the
house that day with a rule to limit
debate and bringing a vote not later
than Friday night On this point the
remark is attributed to Speaker Reed:
"This house is not a debating school,
and arguments for longer debate will
meet with the response that the bills
are emergency bills which should be
passed at once if at all.
The democrats of the house will op
pose unanimously, as far as can be as
certained, the revenue bill which the
republicans will bring in on Thursday.
Both the silver and anti-silver demo-
Gratis assert that there is no necessity
for an increase in the revenues, as they
claim that the available cash in the
treasury over and above the gold re-
serve is amply sufficient to meet de-
fciency that may occur for the next
two years, when they expect the re-
ceipts from the present tariff law to
equal or to exceed the expenditures.
Up to this point the democrats seem to
agree. AS to an authorization for coin
bonds they differ. The gold men would
be willing to vote for bonds, prefer
ably gold bonds, to fortify the reserve,
in i11in mr. wi
the situation. The trouble, they de-
clare, is the existence of greenbacks
which can be used to pump gold out of
of the treasury and unless their redemp-
ton and retirement is provided for,
the gold purchased with bonds would
simply be to increase the interest-bear-
ing debt without moving the active
agent for saving the reserve. 1t is not
improbable that some of the demo-
Gratis will offer as a substitute a COM
prehensive plan for the retirement of
greenbacks, including authorization for
an issue of $500, 000,0 900 in bonds for that
purpose and the reduction of the tax
on national bank circulation and the in
crease Of currency to be issued on ue-
pOsits of bonds from 80 to 100 per cent.
This latter, they say, would increase
the national banking system and pre-
vent a contraction Of the currency.
The silver democrats are opposed to
bonds to increase the gold reserve and
will resist the measures presented by
the republicans on that and tariff
grounds. The silver democrats of the
house, after discussing the situation,
have about decided to offer as an
amendment or substitute for the bill
a joint resolution making it mandatory
on the secretary Of the treasury to re-
deem greenbacks and treasury notes in
silver when the gold reserve falls be-
low a certain point.
Mr.. Bailey Of Texas will probably Of