The San Francisco call., 1895-12-21

a message should go to Congress immedi-
ately. The Cabinet officers left the Presi-
dent;alone for one hour, and when they
returned to the White House the docu-
ment had been drawn up by Mr.. Cleve-
land. By 4:30 o'clock it had been deliy-
cred and read to the Senate.
After adjournment Senator Jones OF
Nevada said: I'VE had better adjourn.
There will be no bond issue authorized by
Congress and we might as well have our
recess"
Hilborn of California said:
cit is repetition of the tactics en-
ployed by Wall street and Lombard street
when the money kings wanted to repeal
the purchasing clause OF the Sherman act.
They create these financial fiurries to order,
when they please, to influence Congress.
The greenbacks will not be retired in my
opinion; neither will Congress consent to
another bond issue. I remember well that
in the extra session of last Congress Mr..
Voorhees, and other spokesmen OF the
President promised that if the Sherman
act was repealed something would be SUBJ
stituted in its place to make up the de-
ficiency in our currency, but their promise
was not kept. The same promise, made
again when the proposition to retire green
backs is before US, will not be needed. We
want the substitute first, then we will dis
cuss greenback retirement"
Representative Barham of California
said:
"Londoners and New Workers are back
of this. They have no reason to fear
panic, but seek to frighten Congress into
retiring the greenbacks and issuing more
bonds. 1t was reported from London yes
terday that moneyed men there would re-
taliate for our Venezuelan policy by with
drawing their American investments.
Now the New Workers have taken it. up
and are trying to make it appear there is
danger OF panic. You will observe that
Mr.. Cleveland and his Wall and Lom bard
street allies always select a most opportune
time. Cleveland waited until the Venezue-
Ian commission bill had passed the Senate
before he sent his measure. 1t had barely
been disposed of before the White House
messenger appeared. Congress will neither
retire the greenbacks nor consent to the
issue of any more bonds.
Late tonight several prominent Re-
publican Senators met Speaker Reed, Dig
ley. Cannon, Payne. Dalzell and others at
the Shoreham Hotel and after discussing
the situation for long time it was deemed
expedient to stay in session in accordance
with the Presidents request in order to
throw upon the Democrats the response
bility. The Democratic Senators may OBJ
ject. contending that the adjournment
resolution cannot be reconsidered. But it
is believed that the House is master of the
situation, for the Senate amended the
House adjournment resolution and amend
ments must go back to the House for con-
currence. If the House declines to con-
cur the adjournment cannot be taken.
1t is believed that at his visit to the
White House to-day Speaker Reed assured
the President that the House would re-
main in session during the holidays if
desired. The House com mittees will
probably be announced tomorrow and the
Ways and Means Committee will be or
ganized for business. One scheme which
will find much favor. it is believed, is that
broached by Reed in the last Congress,
viz: Issuance of short-term, low-interest,
small l-denominational bonds. which may
be taken by the people. This would be
popular loan.