The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1895-02-07


as the Secretary of the Treasury
Can Prepare His Circular.
WASHINGTON, Feb 4.-From official
sources 1t was learned Sunday night
that no bond sale will be announced
until after congress has been given an
opportunity to act on the recommenda-
tion of the presidents messa-c The
house will vote on the springer bill
on Thursday. If the bill is defeated
bond issue will be announced as soon
as the secretary of the treasury can
prepare his circular. If, by any chance,
the bill should pass the house, the pos
sibility of its success in the senate will
be considered in the cabinet meeting
Friday, and unless there are some
changes in the situation the order will
be promulgated then.
The administration delays action be-
cause it does not wish to give its critics
in congress an opportunity to charge
that, in its eagerness to sell bonds and
recoup the gold reserve, it could not
wait to see whether congress was going
to take any &C ton On the presidents
recommendation.
ed in New York that within three days
after the appearance of bond circular
an issue of S10O, 100000 four per cent.
bonds would be taken mp. On the
understanding that bond sale is GER
tain, the gold exporters of New York
have practically agreed not to
continue their raid on the reserve.
It is believed that the government will
fix the term of the bond ut July /, 1907,
when the four per cents outstanding
will mature, instead of for term of
thirty years. The period of the bonds,
however, has not been definitely deter
mined.
The only prominent democrat in
congress who still believes that the
administration may avoid bond issue
is the ever-sanguine Springer. The
Illinois man is confident even now that
the administration scheme will weather
congress, and within twenty-four hours
he has declared that the secretary of
treasury has not made up his mind to
a sale of bonds. Springer is not in the
administration's confidence. and neith-
er the president nor the secretary OF
the treasury consults with him any
more than is absolutely necessary for
the conduct of business in the house.
| His suppositions with reference to the
| policy of the administration are as er.
ratio and improbable as his attempts at
fashioning legislation have thus far
| been unsuccessful.
| The administration project will have
an inning in the house this week. The
powers that be have assigned Tuesday
| Wednesday and Thursday to consider.
alton of the bill introduced by Mr.
Springer The discussion of the bill
will be a waste of time. The chances
are very strong that it will not pass
the house. and even should it have this
good fortune, it will have no future.
| There are only twenty-four more
days in the life of the Fifty-third con
| gress. and the senate will not have
time even to talk about finance. mucf
less to do anything in the way of legis
lation.
There is possibility that the silver
men in the senate may make some de
monstration in order to exhibit theil
anger against President Cleveland fol
his bargaining with a foreign syndi
cate to keep the United States on /;
| gold basis by increasing the nationa
debt. This process has been denounced
SO bitterly by Mr.. Teller and those
who agree with him that, in their de
light at having balled all currency
legislation, they may take the aggres
| sive.
1t is difficult to see what the free sill
YER men can do to prevent the presi
dent from selling all the bonds h'
deems necessary to maintain the golC
reserve. They are fertile in resources
however, and as they are thoroughly
! imbued with the righteousness of thei
position and are sure that it will no
be for the best interests of the countr,
to buy gold at a premium for the bene
fit of "a few exporters of the yellow
metal the presidents course will bt
scathingly criticised and checked i
possible.
Mr.. Cleveland makes no secret OF his
determination to sell more than 500.
G09.0O0 worth of bonds, if he think
best. He has even said he does not be
licve an extra session to be. necessary
provided he can get all the gold III
wants. As to the revenues. the presi
dent has been informed by Secrctar,
Carlisle that, with the strain taken OF
the gold reserve, the new tariff Law
viii supply all the revenues needed.
SCANDAL AND MURDER.