The Washington times., 1895-01-31
No Light PeRetratss the Gloom
of the Financial Situation.
DEMOCRATS ARE NRATHFUL
Theg Accuse the President of Placing Per-
sOnal Opinions Above the Welfare of the
Country and His Party Consideration Of
the Springer Bill Completed-It Will Be
Reported in Amended Form Tomorrow.

SO far as Congress is concerned, the finan-
cial situation is more hopeless to-day than
ever.
Such a bill as might pass the Senate could
not get through the House. and the bill
which the Banking aud Currency Committee
is now considering, should the House act
iavorably upon it. Will never pass the Senate.
This means, OF course, that there viii lie
no financial legislation this session.
Democratic Senators, at least the greater
number among them, are very outspoken in
their resentment against President Cleye-
land oyer the tenor of MS message.
Upon my soul, said one of the leading
Democratic Senators Yesterday, "if ever the
old proverb 'Quem dens vult perdere, prins
dementat, found application, it is in the
case OF that man in the White House.
REGARDLESS OF COUNTRY AND PARTY.
$50 far as the interests of the country and
of his party are concerned, he acts ike a
madman. 1t is impossible that he should be
so obtuse as not to know that no measure
framed on the lines OF his message can get
through in the Senate; but he is bull-necked
and bull-headed enough not to care, so long
as he can continue to fiaunt his views and
opinions before the people.
@He knows that the majority of us favor
some substantial recognition of silver, and
instead Of Offering us bread he gives US q
sioue He knows too, that even were We
viii - 90 yield our opinions which we are
not-tle silver Republicans alone could pre-
vent a. this time of the session any action
such as he wants taken. Instead OF making
il possible for his party men in Congress to
meet him half way he lays down the gold
bugs ultimatum. Ant omnia, ant nil No
bill will pass the Senate this session. You can
set that down as a positive and unalterable
fact
NO MEETING OF THE FINANCE COMMITTEE.
What this Senator said portrays pretty cor
rectly the views of all but a few OF his party
fellows in the Senate. There was no meeting
of the Finance Committee yesterday. In
formal discussions between individual mem
! bers of it took place all during the day, but
4 no attempt was made at anything like con-
! certed action. Where Senator Jones, ol
! Nevada, is nobody seems to know, and so fal
i as can be ascertained no very determined
effort is being made to locate him. The silver
men on the committee appear to be willing tc
/ leave the matter Just where Tuesdays vote
! left il.
/ Meanwhile, the Banking and Currency
/ Committee, after working over the admins
4 tration bill all day long, completed its con-
| sideration last evening. 1t will be reported
! to the House tomorrow, very much amended
and with the non-commlttal recommendation
that it be considered.
/ The discussion developed lack of harmony
| among the Democrats.
/ The Republicans supported the bill after
securing several amendments; indeed most o
| the changes originated with the opposition
THE BILL AS IT NOW STANDS.
The bill, as completed, makes the bonds re
deemable after ten years and payable f1ft!
years from date. The section requiring lega
tender notes and Treasury notes when re
/ deemed in gold to be cancelled and not re
issued is amended by adding the followin.
proviso. offered by Mr.. Russell. of Connect
cut:
Provided, That the amount OF such United
/ States notes and Treasury notes which ma
be cancelled and retired shall not exceed i:
| the aggregate an amount equal to the addi
tional circulation taken out by the nationa
banks after the passage OF this act
A section is added requiring that afte
July l, 1895, 10 per cent. of the cash reserv
required by law shall be kept in coin or coil
certificates, and not less than one-half o
such coin or certificates shall be in gold.
Chairman Springer will request the Com
mittee on Rules 10 report a rule fixing tim
for the debate to begin on Monday next, an,
authorizing the Chair. at the close of debate
to entertain amendments or motions to sub
4 stitute other bills, and allow thirty minute
debate on each amendment. According t
this plan, the free silver men and other mem
bers with financial plans viii be enabled {
secure vote on their propositions
-
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