The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-23

Washington Csty. Dec. = This promises
-te hc aa eventnIi -wee}IB theChousc. Re
fore adjournment is reached next Sltur-
dsy The Republican leaders intend that a
bill shall have heen sent 10 Tire senate ia
response 90 the demand Of the presidents
message on FT.d@y Tor some means Of re-
Eeviug the treasury situation and protects
ifg the gold reserve. The Republican Lead
ers determined % act promptly as soon as
the message Naa -stnEln. and all idea Of
taking recess for the holidays was
abandoned in the face Of the situation
presented. Tbs Ways ana means COMMITS
tee was organized yes.eriay9 AMI last
night the Republican members held a Sc
cret meeting az tho capitol, at which
SpcskeT Reed was present. 20 discuss tho
details of "a bll. which. In their opinion.
would furnish the desired reltEf.
As "A preliminary II was decided that.
while the situation In thC sens,e Rs 10 the
fate OF any messura passed by the house
Should he }Upf IN mind. the house must
at Independently of the -aCtionoof ths, up
per branch of congress The general out
line OF t5eJSlJyc vac practically agreed
upon. aHt toe details have net been COM
pleted The sentiment WAS unanimous that
no gold bonds should bs authorized. but
that "a hln on rhe lines OF Mr. E.ods
ameninetnt 90 last year should he ,,r,s~n
up. and with Thar should be Comple4ef
some ta0n changes for the purpose NJ ~als-
ine additional revenue. The Republicans
took the stand that the menace 20 the
gold reserve was caused ordinarily - tho
lack 81 revenue 10 meet the expenses OF
the government. and that is stiil their TO-
s.ton Mr. Reed's bond proposition. which
the COMMITTEES VII adopt, provides:
First For the reduction Of The rates OF
interest on bonds 20 be tssued under the
acts of iN7e and tS75. for the purpose of
resuming specie payments and protecting
fhe specie reserve. from 4 TO per cent.
and
Second-For a low rate low odenomi1a-
ton coin bond which would practically he
a debt certificate 10 be used q supply de-
fciencles ia the revenue.
3D. the terms Of the bIll itcis probable
that provisions viii Ice inserted % pro-
vide that the proceeds or any bon1s is
sued under the acts Of 1870 ana 1875. as
amended, shall go Go the reserve, end of
the latter bonds 70 pas. current CNDendi-
tares In this way a separate account can
he kept. and the proceeds Pf bonds sold 20
maintain the reserve cannot be used to
pay current expenses.
The details OF the tarifr changes VIII fur
iash the most difficult task In framing the
bill There is practically unanimity Il
seuf,rnenI 40 FAR as cfEn be learned. among
the Republican fnernbers Of the COMMITTEES
FOR "a duty on wool and compensating du-
tres on woolens The Western members
y
cents per pound. bua the Indications are
that Il VIII not excsed cents, There Is
some discussioa OF a proposition 10 ihake
a horizontal increase Oh all the schedules.
except sugar Of from Is TO ~ per cert,
but that is opposed Ia certain quarters as
being not on protection lines.
IL seems probable. therefore. that wool
and wooicns. lumber. and various other
articles viii be selected. While there Is.
IL Is said some difference OF opinion on
this point it seems certain there viii be
a time limit Of two wars or thiFty months
on the life 81 the tarin provisions Of tho
bill The point will be made that 70 IS IN
emergency measure for raising revenue.
and. therefore, would meet with the ap-
nroVstl ~ all who believe the treasury
needs additional revenue. no matter what
the individual opinions may be regard
ing protective duties The house viii
probably adjourn tomorrow. and the Re-
pubiicans Of the ways and means COM
mittee will Eo back 20 work 20 perfect
tha details Of the bill IL Is hoped that
it car be ready by Tuesday. and n SO II
VIII probably he placed under "A sT~rcial or
der 81 the committee OF rules. or possibly
unfier suspension of the rules. Speaker
Reed and HIS lieutenants are not disposed
20 brook DELAY. They believe the house
should do its duty promptly.
After the biA has been sent 10 the sem
nte. the question - whether congress
shall remain In session for the remainder
~ the holidays viii remain win that body.
n the senate proceeds 10 the considera-
ton of the hill the houae will remain in
session. and probably ad ourn from day
90 dav but N the senate should. after tho
passage of the house hill show that II did
not propose 20 20 ahead with u. and should
deliberately pass q resolution for a holiday
recess ~ is probable that the houge would
agree 20 n.
A. % the attitude Of the TIauorrats to-
ward the bill u seems probable that II viii
De- opposed by most. II not oali ef tlie Dem
< ocrafs The silver ,pemns ~ arc not
dispOsed 20 vote for any bond proposition.
first because tsag believe there fs an
I other remedy is the hands of the executive
the REDEEM pfton ~ notes in silver They
might vote for ooisi bonds 10 borrow money
/ " the executive said that money was
needed 20 meet current expenses but -
Z the' demand FOR authority 70 issue bonds
/ IS not hased on tbet ground vShich fact
I fs distinctly dfsaF0wed - heir opposition
I 70 the bond features OF rne bill fs certain.
Z They would probably 0slso resist the mes s.
ure on account of fhe increase 10 the tarfy
=cheiuleH- The aAr1inistration and sound
/ money Democrats who might b disposed
I 20 vote FOR Il bond authorization viii prob
Y ably hs deferred from-voting for the rneas g.
/ ure because 81 ifs tariff propositions So
7 that the solid opposition Il the Ieuaecru .
IS looked Tor The overwhs Inning Rspub-
, Wf-au majority luslres fts passage. how
ever. beyond question. II f. likely that
s4yeral anen1meuts will Pc offered ~
/ ihe Democrats. n thew can secure reeog-
u ntlnn for that purpOse-one 20 authorize
i The reaernprsn % the treasury notes of
7 fsso in silver and 20 coin the SILVER ln fbs
I treasury. and possibly plain free coinage
amendmelt-