The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-02-07
REID HAS A SChEME.
He Prepares a Temporary Fi-
lnancial Expedient.
1T UPSEIS SPkINGERs PLANS.
The Chairman and Ills Colleagues Had
Counted on Many Republican Votes .Fo,
the AdnsinistratIon BiII Silver Senator
Want Free SILVER B!il.

WASHINGTON. Feb 5,-The calcula.
lions Of the supporters and opponents
of the new administration financial
bill have been upset by the interjection
of a new factor into the campaign Mr.
Reed (Me.), the Republican leader, has
brought forward a new plan for which
he is endeavoring TO enlist the entire
strength of his party, aud which he
will offer as a substitute for the admin
istration scheme, il he thinks bis plan
can command sufficient support TO make
it factor in the fight. There are bui
two sections to the Reed plan in the
form i'll which he has submitted it t.
his colleagues. The first proposes to re-
strict the law of 1876, which authorizes
the secretary of the treasury to issue
bonds to redeem the greenbacks, to 3
per cent bonds.
The second section authorizes the sec.
retary Of the treasury, when there is q
deficit, TO issne certificates of indebted.
ness TO pay current expenses, the certih
Gates to be in sums of $25, $50 and 800
and any multiples thereof, bearing in
terest at per cent, and payable in
coin.
The bill, as Mr.. Reed explained to the
Republicans whose support he sought,
is but temporary oXpedient to tide
over the present distress The substitu.
ton Of 'coin" for the gold provisions
of the administration plan is expected
to win for it liberation, il not support
of the free silver men, who bitterly op.
pose all propositions to discriminate by
stipulation in any bill in favor of gold
tc fixyn 81 iptt ,o
pected, will commend the bill to the
house in preference 10 more complex
plans.
Mr.. Reed has devoted himself assidu-
ously to cloalSroom consultations with
the Republicans He first endeavOred
TO elicit the opinions of the gold men,
and then talked to the silver men. The |
of his success is difficult to es
innate. The plan is to offer the bill as
a substitute for the administration and |
by polling the solid Republican vote |
while the Democrats are devoted on the |
bill will make it the
most formidable proposition i'm the field. |
and perhaps induce the Democratic op !
ponents of the administration bill to raj |
Iy to its support.
Chairman Springer and his colleague !
have counted Oh most of the Republican |
votes for the administration bill, ana
have prophesied that it would poll abou
the same support that was given to the !
repeal of the purchasing clause of the
Sherman act. Accordingly, Mr.. Reed
move overturns their calculations to &
great extent.
Interest ip the financial question
sbout the senate centered in the activ
ty of the silver senators and the fire !
Iuenr consultations held by them. This
aiken in connection with the call issued
oy Senator Voorhees,, chairman of the !
inance committee, for meeting Of the
committee today, led to the general sup !
position that an attempt would be made
by the silver advocates on the commit
zoe to secure the reporting of a free sill
Ter bill. Inquiry among the members
= the committee failed to develop ab,
,olute assurance that the effort world
De made, but enough was said in many
quarters to indicate that the genera
was not without good
and to justify the statement
that the silver men are very hopeful Of
free coinage bill out Of the
if not at today's meeting, ar
the next one to be held. They believe
that Senator Jones New will unite
with Senators Voorhees,, Harris, Vest,
Jones ark and White in support of |
some measure that will be satisfactory
In the silver men