St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-12
IN GOLD OR COIN.
House Committee Still Unde-
eided Regarding the New
Bonds.
HILLS MOVE IN TIE SENATE
Resolution Binding the Gov
eminent to Pay in Gold
Introduced.
TALK OF CABLE TO JAPAN.
Financiers Ask a franchise
No Government Aid
Wanted
TALK OF CABLE TO JAPAN.

WASHINGTON, Feb. IL. = Inc
house committee on ways ana means
held another conference over the
Dresident's bond message TODAY anu
again adjourned without reporting
anv conclusion, but with prlghler
prospect for agreement ahead Oh It,
Tomorrow Secretary Carlisle Will ap-
near if is expected, with the contract
for the sale of the forthcoming bona
issue to settle question which arose
today. Democratic members OF the
committee pFophesy that the Repup-
licans will unite with them upon
nlan. This belief is based upon no
definite statement from the OPPOSE
ton. but on the general demeanor
of the Republicans and the sight OF
MIR. Reed in conference with Mr..
Cochran for an hour. The Repub-
leans took small part in the pro-
ceedings, and individually its mem
bers are diplomatic in speaking of
their intentions. If Mr.. Reed has ar
rived at any understanding with the
administration, as was freely III
mored, he has done it, his collea CUES
say. on his personal responsibility.
Most of the time today was con-
sumed in a discussion of a plan Of
fered by Mr.. Cochran to meet the
present emergency and possible eX-
igencies of the future, which would
confer large discretionary powers
upon the executive branch of the
government. He made it as verbal
proposition, but after the meeting re-
duced the plan to writing, and will
present it tomorrow in the following
form:
COCKRAN'S PLAN.
Whenever it appears to the sec
rotary of the treasury that an addi-
tional 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 secretary is hereby au-
thorized to procure such gold or
silver as may be necessary for that
purpose by issuing therefor obliga-
tons of the United States cOndi-
toned for the return Of q like GUAM
tity Of the same metal as may have
been thus obtained, and for the
transfer to the holder of such obi
cations of an additional amount of
said metal, not to exceed 8 per cent
of the whole amount thus obtained"
Mr.. Bynum withdrew his resolu-
ton in Difference to Chairman Will
sons 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 government. The
change was designed to meet the OBJ
jections uttered by Republicans at
the former meeting, but their views
upon it were not ELECTED during
the session. Another change was
made in Mr. Wilson's resolu-
ton by leaving blank the term of the
rs bond, and a question was raised
whether the contract with the brok-
ers did not stipulate for a thirty
year term. The exact terms of the
contract were not known to any
member of the committee, and Mr..
Hopkins Rcp., I'D made a motion
that Secretary Carlisle be invited
to appear before the committee and
explain the contract, which was car
ried. Earlier in the meeting Mr..
Cochran made speech in favor of
his proposition, claiming for it that
1t did not discriminate against either
metal. Mr.. Bryan, of Nebraska, as
serted that its intent was solely in
the interest OF gold.
Among the Democratic members
of the committee who were listed as
doubtful a conciliatory feeling made
itself manifest, but it may not result
in an agreement. Republicans saw
that their course cannot be decided
upon until the Democrats present
some definite measure to them.