The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-01-05
No Member of the Administration
Having the Least Hope that the
Bill Will Pass the Senate.
STILL ANOTHER SUBSTITUTE
SPERRY'S MEASURE PRESENTED AND
READ FOR INFORMATION.
Democratic Caucus to BE Held Nom
lay-Prcsident's Message May Be
Delayed Until After that Date.
.necial to the indianapolis Journal.

w Jdil 4-oSCTeldIy Cdr
Isle was at the Capitol to-day and con-
ferred at length With Mr.. Springer on the
currency situation in the House. So far
as President Cleveland and his Secretary
of the Treasury are now concerned, their
attitude is simply demand that the Car
lisle currency bill shall be passed by the
House as a vindication of their financial
policy. Neither one of them has any hope
that any legislation will be accomplished,
because even in the event of its passage in
the House. no action is expected on the
bill from the Senate.
The currency bill and it's chances of
passage in the House were almost the
sole topic of conversation at the Cabinet
meeting to-day. Every member OF the
Cabinet is doing missionary work for the
bill. Mr. Carlisle has been tireless. Mr..
Cleveland. too, is making personal appeals
to every man who visits him. Congressman
who have been at the White House in
the past few days assert that not even for
the Wilson bill did Mr.. Cleveland display
as deep concern as he does now for the
Carlisle bill. No matter what may be the
errand of his visitor, Mr.. Carlisle is certain
to urge him to vote for the pending meas
ure, while Mr.. Cleveland listens to his call
ers with unconcealed impatience, waiting
only for the opportunity to turn the con-
versaticn into financial topics. There is
little patronge left. but Mr.. Cleveland
is using what little he has to bring about
the passage of the bill, just as he accom-
plished unconditional repeal by the same
questionable means. About his only bribes
now are presidential postoffices, and the
word is being quietly passed around that
any Democrat who wants a Republican
postmaster turned out to make room for
a faithful Constituent, need only apply
at the Postoffice Department. This accounts
for the sudden departure of Postmaster
general Bissell from his former rule to
permit every incumbent to serve out a full
four-years' term. To secure an appoint
ment, the member has only to procure
some charge against the Republican incum-
bent which Mr.. Bissell can regard as
cause for removal and the change is i'm
mediately made. Every day since Congress
has met, since the holidays, has seen post
masters appointed by the score. In this
way Mr.. Carlisle is being "vindicated,' for
he stated to-day that after careful count
of the House, he believed his bill would
pass by majority of from Is to IS.
1t is undoubtedly true that since the at
tempt of the New York banks to secure
Mr. Carlise's ignominious retirement from
of sentiment among the Democrats. Many
of them nov declare a Willingness to vote
for Mr. Carlisle's bill, no matter in what
shape it appears, if only to prove to Wall
street that it must not endeavor to dictate
terms to Congress. This feeling of loyalty
to their old Speaker is particularly strong
among the cider members. Many others
who are certain that the bill will die in
the Senate are willing to give Mr. Carlisle
the compliment of a vindication. The feel
ing at the Cabinet meeting this afternoon
was consequently one Of sanguine cheer
fulness, and President Cleveland may not
even find it necessary to send special mes
sage or to write a letter, marked per-
sonal,'' to Mr.. Springer.
SPERRY'S SUBSTITUTE
In the House the two events of the day
were the circulation of the request for a
caucus on Monday afternoon and the intro
duction of Mr.. Sperrys bill Mr.. Sperry is
a Connecticut member of the banking and
currency committee and a man OF recog-
nzed ability in finance His intention to
introduce his bill was announced in these
dispatches some days ago and its general
provisions were then outlined The Sperry
bill is in effect the Culberson plan first out
lined in these dispatches. Mr.. Culberson is
also a member of the committee, and the
SpeIry bill is the joint embodima mt of their
ideas. The bill is really a substitute for
the Carlisle measure. 1t strikes out all
after the enacting clause and provides for
an issue of bonds sufficient to retire out
standing greenbacks and treasury notes un-
der the Sherman act. The bonds are to
bear per cent. interest are to be re-
deemed in gold and are to be of denomina-
tions from $40 to $4,000. They are to run
for irtx he tf ra6pa-a
them after ten years. The Secretary of
the Treasury is empowered to keep the gold
reserve up TO a minimum Of Sl0o, ,0e0000 by
selling these bonds. Provision is made for
the steady retirement of the greenbacks
both from the proceeds of the bonds and
from the surplus in the treasury.
There is unfortunately but little prospect
that Mr.. Sperry's bill will pass the House
for the reason indicated above, namely
that Mr. Carlisle. despairing of real legis-
lation, is now only anxious for a vindl-
cation at the hands of his party in the
House Mr.. Sperry's bill was permitted to
be read to-day "for information" 1t has
no parliamentary status as yet, nor will
Mr.. Crisp give Mr. Sperry any definite as
surance that he will be given recognition
Mr.. Crisps action is explained by his
friends by the assertion that until the eau
Gus has spoken it would be difficult for the
Speaker of the House to make a promise
whose fulfiillment might prove an eventual
source of embarrassment to a member of
the administration. particularly when that
officer had been MIR. Crisp's predecessor in
the chair. MIR. Sperry himself fears that
even if Mr.. Crisp eventually determines to
recognize him to permit the Introduction of
the BILL either amendment to the
pending bill as a substitute therefor
the point of order Will be made by one
Of uhe anti-bond Populists that the bill Is
not gernlane. Tlfx point or order 1t viii
prove difficult 70 oYsrrule. especially as all