The Providence news. (Providence [R.I.]) 1891-1906, 1895-01-11
HOUSE QUITS.
Must Depend Upon the Sem
ate for Legislation.
Republicans for Low interest Bonds
or Increased Tariff.

WASHINGTON, Jan. ll.--After c0asuIta-
tion yesterday with Speaker Crisp and
other prominent Democratic leaders in the
house, 10 was agreed that 1t would be use
less to make any further attempt at pres
ent to secure currency legislation in that
body.
1t was suggested by Chairman Springer
and other advocates OF the currency bill
that another rule should be reported and
90 modified as To allow all of tho amend
ments, including BANDS scheme and
Representative Walkers proposition, TO
be voted on, but the speaker and the other
members of the committee on rules were
unwilling at present to bring tho matter
before the house.
The consensus Of opinion Of nearly all
OF those In both branches OF congress who
understand the situation Is that no Imam
cial legislation Of any kind will be passed
at the present session. Secretary Carlisle,
however, has not and will not abandon
his efforts until every means has been ex-
hausted. He is now directing his energies
toward the senate.
Nothing Accomplished.
The meeting of the senate committee on
tirely devoid Of results The Republican
members made the point that talk was OF
comparatively little value, as long as there
was no Legislative proposition before them.
The Democrats explained that they had
considered it waste OF time to formulate
q bill until there should be some compari-
son of notes among all the committee
members, and an intimation on the part
Of the Republicans, as we'll as of the Dem
ocrats, as TO what they would agree To.
To this IL was replied that the Republi'
cans felt that the responsibility did not
rest with them.
There was an incidental reference to the
revenue necessity of the government, but
the Democrats did not indicate any will
ingncss to interfere with the tariff at the
present time, expressing the opinion that
there was no immediate prospect Of a de-
f1cit.
ME- Vest has changed his plans some
what with reference to the details Of his
bill, and his present purpose is to pro-
vide for the redemption of all greenbacks
and treasury notes by issuing coin certih-
Gates therefor, to be- redeemed In gold or
silver at the discretion Of the government
% long as the gold reserve does not fall
below sl00, ,000. .o00, and that when IL is be-
low that amount the redemption shall be
In silver and for tie unlimited coinage Of
silver, the depositor of silver bullion to re-
osive silver dollars from the mint at the
market price of the bullion, and the gov
ernment to retain the seigniorage
How Republicans Stand.
The position Of Republican senators has
been we'll defined already. Those from
the silver states have announced that they
will agree TO nothing except the free and
unlimited coinage OF silver. The other
Republicans are disposed to go only to the
extent Of aiding the Democrats In increas-
ing the revenues Of the treasury. This
can be done In some degree by adding
another dollar to the tax on beer, thus
realizing upwards of $50, ,0o0, 600 of revenue
or there can be o horizontal increase in
the tariff rates.
There is very little likelihood that the
Democrats will accede to any such propo-
sition. The fact that the president and
Secretary Carlisle have declared that IL
some measure of relief was not passed
there would have to be another sale of
bonds, and the further fact that both
these high officials greatly fear the effect
Ox pNttiuk huobucK ISSUE VI polus Oh tne
market at q time when tho government
might have to.pay higher rate Of inter.
est may induce the Democrats to unite
their forces and try to pass the needed
Legislation.
Congressional Doings.
The income tax came up for consider
able discussion In the senate yesterday In
the course Of the debate on the urgent de-
ficiency bill, which contains provision
for carrying the law into operation Mr..
Hill offered an amendment designed to af-
ford an opportunity TO contest the consti.
nationality Of the act, upon which he spoke
briefly. Mr.. Quay gave notice Of several
amendments he intends to offer to the bill,
one to repeal the income tax and another
to insert the Mckinley tariff act and the
wooden schedule. Mr.. Caffery commenced
bis speech on the Nicaraguan canal bill,
but had not completed it when the senate
adjourned.
The proceedings In the house were ex-
ceedingly dull, most Of the day being con-
sumed IN the consideration OF the District
of Columbia appropriation bill, which was
passed. Several bills of minor Importance
relating to steamship matters were passed,
and also 10 private pension bills.
To Talk on Revenues.
Chairman Wilson has called meeting
of the ways and means committee for
today. 1t will be the first gathering of the
committee In many months, and IL Is an.