The sun., 1895-02-15
THE PRESIDENTS DEFEAT.
Not Likely that Another Attempt will Bc
Made TO Pass u FinnneIal kIlL.

WASHINGTON. Feb. 1.-THE House having
killed the gold bond resolution to-day, it is not
likely that the Administration will make an
other attempt to force "A financial bill to IA vote
in the present Congress. More interest was
shown in the fight today than in any previous
contest over the financial question at this ses-
sion, and the Republicans took prompt advan-
tage of the opportunity given them for making
political capital out OF the one-sded contract
drawn up between tho President and the New
York bankers. and the fact that an effort had
been made to keep tho terms OF the transact ction
secret. The silver mon and their Republican
allies stirred up much excitement, and there
spirited debate over this feature OF the
question which no doubt aided greatly In bring
ing about the defeat of the Presidents bill.
Although the officials of the Treasury and tho
Administration men generally were led to he
lieve that Chairman Wilson of the Ways and
Means Committee, who had succeeded Chair
man Springer of the Banking and Currency
Committee as the financial leader OF the House,
would succeed in doing what Mr.. Springer
could not do. and organize majority in favor
of the Presidents bill. they realize that no
legislation will interpuse to prevent the carry
ing out of the contract between the Secretary of
the Treasury and the bankers. and 1t will lie put
in force at once. The ten days leeway allowed
in the contract for possible legislation will not
expire until the 18th inst, but the vote in the
House will be accepted as the official statement
that no legislation can pass.
Secretary Carlisle disappointed the Senate to-
day in the reply which he submitted to the
Gorman-H resolution, demanding in formation
as to the status of the Treasury finances, and as
to whether or not there is deficiency in the
revenues. The Secretary simply gave the SEN
ate transcript from the figures on the Treas
ury books. which can. of course, be juggled to
produce any desired result. At least one en-
phatic statement is made in the Secretary Is COM
munication. however. and this shows that about
SlO5. 100000 OF the gold reserve was used
at various times to meet the current ex-
pcnses OF the Government. A like statement was
drawn out of Prof. Wilson in his speech to-day
ny Mr.. Dingley OF Maine. and while admitting
this action to be wrong. the only explanation Of
fcred by the Democrats was that the Republicans
had done the same thing when they wers in pow
er. Chairman Wilson to-day also repeated Secre-
tary Carlise's prediction that there would soon
be q surplus of money in the Treasury. and in
Wow OF this fact it is probable that Senator
Garman will abandon his plan of attaching TO
ono of the appropriation bills provision for an
issuance of Treasury certificates, the money re-
ceived therefor to he used in meeting the alleged
existing deficiency. In view of the action in the
House to-day and the statement submitted to
the Senate by Secretary Carlisle, il is certain
that no financial Legislation will be enacted by
this Congress. II any measure on the subject
ably be Il bill in the Senate for the free coinage
n