The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-23
LOOKS WELL.
Week Promises to Be Eventful in
the House.

WASHINGTON, Dec. 22.-This prom
ises to be an eventful week in the
House.
Before adjournment is reached next
Saturday, the Republican leaders intend
that bill shall have been sent to the
Senate in response to the demand Of the
presidents message on Friday for some
means of relieving the treasury, situa-
ton and protecting the gold reserve.
The Republican leaders determined to
act promptly as soon as the message was
sent in, and all idea OF taking recess for
the holidays was abandoned in the ace
of the situation presented. The ways
and means committee was organized yes
terday, and last night the Republican
members held a secret meeting at the
CAPITOL at which Speaker Reed was pres
ent, to discuss the details of a BILL
which, in their opinion, would furnish
the desired relief.
Must he Independent.
AS a preliminary, it was decided that
while the situation in the Senate, as to
the fate there of any measure passed by
the House, should be kept in mind, the
House must act independently of the re-
suit of the upper branch or Congress-.
The general outline of a measure was
practically agreed upon, but the details
have not been competed. The sentiment
was unanimous that no gold bonds should
be authorized, but that a, bill on the lines
of Mr.. Reeds amendment of last year
should be drawn up, and with that should
be completed some tariff changes for the
purpose of raising additional revenue.
The Republicans took the stand that
the menace to the gold reserve was
caused primarily by the lack of revenue
to meet the expense Of the government.
and that is still their position.
Mr.. Reeds bond proposition, which the
committee will adopt, provides first, for
the reduction of the rate of interest on
bonds to be issued under the acts of
1870 and 1885 for the purpose of resum-
specie reserve from four to three per
cent. and, second, for a low rate, low
denomination coin bond which would
practically be debt certificate to be
used to supply deficiencies in the rev.
enue. BY the terms of the bill, it is
probable that provisions will be inserted
to provide that the proceeds of any
bonds issued under the acts of 1870 and
and of the latter bonds, to pay current
expenses. In this way a separate ac-
count can be kept and the proceeds of
bonds sold to maintain the reserve can
not be used to pay current expenses.
Tariff Changes.
The details of the tariff changes will
| furnish a most difficult task in framing
sentiment so far as can be learned
among the Republican members of the
committee for a duty on wool and COM
! pensating duties on woolens. The west
! be at least cents per pound, but the
| Indications are that it will not exceed SC
There is some discussion of a propori-
ton to make a horizontal increase on all
! the schedules except sugar of from 10 to
! 20 per cent, but that is opposed in GER
tain quarters as being not on protec-
| ton lines.
1t seems probable therefore, that wool
and woolens. lumber and various other
articles will be selected. While there is
it is said, some difference of opinion on
| this point, 1t seems certain there will be
a time limit of two years or thirty
ions of the bill. The point will be made
that it is an emergency measure for
raising revenue and, therefore, would
! meet with the approval of all who be-
lieve the treasury needs ado-.-onal rev.
! enue, no matter what the individual opin
ions may be regarding protective duties
No Delay.
The House will probably adjourn to.
| morrow and the Republicans of the way!
and means committee will go to work Il
/ perfect the details of the bill. 1t is hoped
that it can be ready by Tuesday, an6
If so it fill probably be passed under
special order of the committee on rules
or possibly under the suspension of the
rules
Speaker Reed and his leutenamts ar,
not disposed to brook delay. They be
lieve the House should do its duty
promptly. After the bill has been sen
to the Senate, the question OF Wnetnec
Congress shall remain in session for thu
remainder of the holidays will remain
with that body. If the Senate proceeds
to the consideration of the bill, the Hous
will remain in session, and probably ad
iourn from day to day, but if the Sen
ate should, after the passage of tn,
House bill, show that it did not propos
to go ahead with it and should deliber
ately pass a resolution for holiday re
cess, it is probable that the Hous
would agree to II.
AS to the attitude of the Democrat
toward the bill, it seems probable tina
it will be opposed by most. if not all, 0
the Democrats.
Against Bond.
The silver Democrats are not dispose.
to vote for any bond proposition, first
because they believe there is anothe
remedy in the hands of the executive
the redemption of notes in silver. The