The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-02-14
THAT BOND MESSAGE.
House Ways and Means Com
mittee Confers Again.
DEMOCRATS IN GOOD SPIRITS.
They Say the Republicans WIN Unite
with Them Upon Plan. "A Concilis.
tory Feeling Msnifested-seoretary Car.
Isle Appeared In the Conference.

WASHINGTON, Feb. l2.-The house
committee on ways and means has held
another conference over the presidents )
bond message, and again adjourned
without reporting any conclusion but
with a bright prospect for agreement
ahead of it.
Secretary Carlisle appeared today with
the contract for the sale of the forth.
coming bond issue TO settle disputed
question. Democratic members of the
committee prophesy that the Republi.
cans will unite with them upon plan
This belief is based ON no definite state.
ment from the opposition, but on the
general demeanor Of the Republicans
and the sight of Mr.. Reed in conference
with Mr.. Cochran for an hour. The
Republican contingent took small part
in the proceedings, and individually its
members are diplomatic in speaking of
their intentions, If Mr.. Reed has ar.
rived at any understanding with the
administration, as was freely rumored,
he has done it, his colleagues say, on
his personal responsibility.
Most of the time of the conference
was consumed in discussion of a plan
offered by Mr.. Cochran to meet the
present emergency and possible exigen.
Cies Of the future, which would confer
large discretionary powers upon the ex.
ecutive branch Of the government
He made it q verbal proposition, but
after the meeting reduced the plan to
writing, in the following form:
Whenever it appears to the secreta-
~ laa el.E.N 4 -.
supply Of gold or silver is necessary to
the treasury to enable it to maintain
the parity between the various coins
and forms of money of the United
States, as required by law, the said Sec
retary is hereby authorized to procure
such gold or silver as may be necessary
for that purpose, by issuing therefor OBJ.
legations of the United States condi.
toned for the return of like quantity
OF the same metal as may have been
thus obtained, and for the transfer to
the holder Of such obligations Of an ad.
ditional amount of said metal not to OK.
ceed per cent of the whole amou Mt
thus obtained.
Mr.. Bynum Withdrew his resolution
in Difference to Chairman Wilson'S
plan, which covers in part the same
ground, and Mr.. Wilson had amended
the form Of his resolution, by adding q
clause which stipulates that none of the
proceeds Of the bond issue shall be used
to defray current expenses Of the gov.
ernment, The change was designed to
meet the objections uttered by Repub.
licans at the former meeting, but their
views upon it were not elected it
during the session. Another change
was made in Mr.. Wilson's resolution by
leaving blank the term of the bond, and
question was raised whether the con.
tract with the bankers did not stipulate
for 30-year term The exact terms OF
the contract were not known to any
member Of the committee, and Mr.
Hopkins (Rep.) made a motion that Sec
retary Carlisle be invited to appear be
fore the committee and explain the
contract which was carried. The Re.
publicans thought that they had a right
to know.the terms Of the document.
Earlier in the meeting, Mr. Cochran
made a speech in favor Of his PROPOSE
tion, claiming for it that it did not dis
criminate against either metal. Mr.
Bryan (Neb.) asserted that it's inten
was solely in the interest of gold.
Among the Democratic members ot
the committee who were listed as doubt
full, conciliatory feeling made itsel
manifest, but it may not result in an
agreement. Republicans say that theil
course cannot be decided upon until tht
Democrats present some definite meas
ure to them.