The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-06
CIeveland's Amended Scheme Severely
Criticised by Some Members of the
Majority and by the Populists.
MR.. REEDS PLAN SUBMITTED
1T PROVIDES FOR TEMPORARY RE-
LIEF AND MAY BE PASSED.
Conferences at the White House Over
in the Ranks of Silver Senators.

WASHINGTON, Feb. 5.---The debate
the currency bill is now occupying the
House. Speeches were made to-day, among
others. by Mr. Springer, putative champion
of the administration; by Mr.. Cox, who rep
resents the Democratic opposition to the
measure, and by Mr.. Reed. whose speech
plainly set forth the programme OF the Re-
publicans. Mr.. Springer's speech was, es-
sentially. the speech he has been deliver
ing at intervals during the entire period of
currency discussion this session. Its prin-
cipal feature statement of the condi-
ton Of the treasury, in line with the roseate
statement furnished to the Senate, yester-
day. by Secretary Carlisle According to
this statement Of the treasury. there has
been a wholly unnecessary scare. for, by
June 80, there would be $S5, 1900 of surplus
revenue a line of argument scarcely calcu-
lated to win friends for the administration
BILL
AS matter of fact, the administration
has entirely repudated Mr.. Springer. Some
inside history regarding the proposed
changes of reference of the administration
bill from Mr. Sprnger's committee to the
ways and means committee was permitted
to leak out to-day. AS stated in these dis
patches on the evening of the introduction
of the Presidents bill into the House. Mr..
Springer was instructed to move the change
of reference the next (Tuesday) morning.
Mr.. Springer, when the time came declined
to do So Mr.. Carlisle hurriedly notified Mr..
Richardson, who, in Speaker Crisps alb
sence, was temporary speaker, to change
the reference even without Mr. Springer's
motion. Mr. Richardson was about to do
So when Mr.. Wilson, chairman of the ways
and means committee, who had made a
quick canvass of the House, personally ap-
,,ef1 - tn hn
ways and means committee. The bill was
dead, he felt assured, and he had no wish
to become identified with second great
failure as had been his experience with the
tariff bill Consequently, Mr. Springer was
allowed the funereal distinction of retaining
the currency bill and he is now presiding
over the funeral arrangements. The temper
of the Democrats is best shown by the ma
ture of their sarcastic and inconsiderate
illusions to Mr. Springer and his work. Mr..
Reeds speech, stated above. was inn
portant, as indicating the attitude of the
Republicans.
NO PROSPECTS OF LEGISLATION.
The leaders have canvassed the situation
IN both the House and the Senate. They
see that there is absolutely no prospects of
legislation Even should the Springer bill
pass the House, 1T would die in the Senate.
And as for the latter body, no one looks for
any legislation n that quarter. 1t be
definitely said that Senator German who,
last week. held out the prospect of legisla-
tion by means of rider some appropria-
ton BILL has about abandoned the hope Of
accomplishing anything. Hence, with no
practical results to follow from any thing
that may be done in the House, the Repub-
licans do not feel called on to assume
positive attitude beyond expressing will
~ hot Il
some vitality. The bill which Mr.. Reed SUBJ
mitted to-day, and which the Republicans
will support, is, in effect, the Allison propo-
sition outlined in these dispatches some
time ago, for emergency 'exchequer bills"
This is the only proposition which has ever
shown the slightest strength. Mr.. Teller,
who holds death grip on all financial leg.
islation in the Senate, has intimated that
he may regard this suggestion with a not
unfavoring eye. Mr.. Reeds proposition will
probably be voted down, but if it can COM
mand sufficient Democratic following to
warrant the effort Mr.. Allison may take
up the effort abandoned by Senator Cor
man and the House may have oppor-
tunity to vote on it again on some appropri-
alton bill.
As for the Springer bill, in whatever shape
the countless amendments to be offered
may leave it, every Republican will be left
at liberty to vote as he pleases. Undoubted-
ly some, If not many, Eastern Republicans
like Bingham and Dalzell, representing large
cities. will vote for the bill. But the ma
jority of the Republicans are expected to
refrain from establishing record on
hopeless bill. in view of the fact that the
party may be called on in few weeks to
act on a similar measure, but under condi-
tons which may not prevail now and under
circumstances which might dictate an i'm
perative and complete change of policy. 1t
is most likely that molten to recommit
the bill to the committee, possibly with in
structions. will be made. Such a motion if
made, would develop great strength.
CONFERENCES AT THE WHITE HOUSE
Meanwhile the administration is taking no
forward steps with the issuance of bonds
The Cabinet discussed the subject at length
to-day. but the real discussion of the mat
ter is proceeding daily at conferences be-
tween the President, Secretary Carlisle and
Mr.. Pierpont Morgan. which have been held
at the White House again tonight. No final
action wiz be taken publicly until the House
has acted on Thursday, though in anticipa-
ton of the vote all preparations are being
made for immediate action thereafter 1t is
| Mr. Carlisle's expectation that he will be
able to place the bonds. which will be
| thirty-year 4 per cents, at basis of 3 per
cent.
The Cabinet session to-day lasted from
before 10 o'clock until after g:45: 1t is
understood that negotiations with repre-
sentatives of London bankers are in prog
ress with indications of early consun-
nation. There is no longer any expectation
| of a popular loan to be placed in this
country. as in that event the experience OF
the last few months would be repeated and
| the gold reserve again depleted. The pur-