The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1895-01-17
NATIONAL CAPITAL.
Democracy AbandOnS All Hopes
of Passing a Currency Biz.
James j. Hill FaVOrS a Commits.
sion OH the Financial question.
A Lively Debate Ola the OdiOus
Income Tax.

The democrats have since the defeat
OF Secretary Carlisle's crazy-quilt cur
rency bill in the house about given up
hope of securing any financial legisla-
the republicans. Although they are
running hither and thither and holding
hourly conferences they are accomplish
ing nothing, and they privately admit
it. A definite appeal has been made by
democrats friendly to the administra-
ton to Senators Sherman and Allison,
asking them to come to the rescue of
the treasury and to prepare compro-
mise non-partisan financial bill. 1t is
not at all probable that these senators
will prepare bill, but they and other
republicans have told the democrats
that in their opinion what the treasury
most needs is more revenue, and that a
bill to increase the revenues of the gov
ernment, either by an increase in the
tariff on all dutiable articles or by in
creasing the internal revenue tax upon
special articles-beer, for instance
would receive the votes of the republi-
cans in both house and senate.
For the democrats to accept this hi mt
would be to confess to the country
what is already plain to all except those
who refuse to see, that the democratic
tariff policy is failure and is at the
bottom; but there are democrats who
do not hesitate TO advocate that the
confession be made, and while such &C.
ton can hardly be said to be probable
it is quite as much SO as that any fnan-
cial bill will become law at this ses-
sion.
James ]. Hill, the northwestern rail-
road man and financier who is at pres
ent in Washington says of the financial
situation: Its hard to say what
should be- done by congress in the way
of financial legislation. 1t seems to me
1t would be good idea TO leave 1T to
commission to frame BILL. Take two
OF the ablest republicans in congress,
two democrars and then appoint John
Sherman chairman OF the commission.
1t would be safe to wager ten thousand
dollars against a cent that sucy a body
OF men would originate plan of cur
iNhNp iNhSi lh1S Woulu SSlllS lAiS NSASu
question for the next twenty years."
Senator Teller, in Replying to Senator
Hills attack On the income tax, did
some plain talking, as he usually does
when he speaks upon any subject. He
said that any proposition tor the repeal
OF the income tax must be accompanied
by one to raise as much money, owing
to the very pronounced need OF the
| treasury for money. He called atten-
ton to the fact that if the present
monthly deficit was kept up the deficit
| tor the year would reach S1OO, OOO,O 900;
also that the proceeds of the 100000
600 IN bonds had already been swal-
lowed up by the deficit under the Cleve-
land administration and that the gold
reserve fund was down to $77,OUO, 900
and was still rapidly falling. "What
the country IS suffering from particu-
larly," he continued. us a lack of
revenue. not lack Of gold in the treas
| ury. If the revenue was ample there
w ould be no difficulty in acquiring gold
and no question of maintaining the
p arity between different kinds OF money"
H paid his respects to the admialstra-
ton thuslv: Whenever a member OF
| the executive department appeals to the
legislative department to do something
and has not plan to present it is good
evidence that the executive branch Of
the government is IN the wrong hands.