New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-19
IRA SESSION.
Icy TELEGRAPH TO THE TRIBuNE.l


Washington Jan. 1s.--"We are still feeling our
way-carefully feeling our way. said CHAIRMAN
Springer of the Banking and Currency Committee.
TODAY referring to the occupation In which he and
his Democratic colleagues of that committee are
now more or less actively engaged. he also SAID:
believe there is firm ground sc upon upon
can safely stand but 1t has not yet been discovered
The country will probably feel sense OF relief
when II is Informed that the House Committee on
Banking and Currency is thus bestirring Itself.
and is not like the Senate Committee on Finance.
absorbed in bordering The results. now
ever will probably be the same in both cases. Mr..
Springer said that conference or the Democratic
members OF the committee would be helu before
next week and IT is admitted by some or the mem
hers that what took place at the last one did not
encourage the holding of any more. While the
chairman and Messrs Cox and Hall, or Mlssouri'
are rather busy trying to devise some scheme that
will mite the Democrats and AT the same time be
acceptable to the Administration the other Demo-
cratic members of the committee appear 10 DE IN
active and wholly Indifferent, ana most OF them re-
gard the case as hopeless. they are certainly
justified in believing. after the Democratic wake
held over the Administrators dead bill on Tues
day.
Even the buoyant and sanguine Springer seems 10
have abandoned all hope of framing Democratic
partisan currency bill which the Republicans VIII
swallow and TO be expending all his Establishments
and powers of logic and persuasion upon inc mem
hers on his own side OF the House. II he ana Judge
Cox can succeed even in devisng scheine Which
will receive the support of all the Democratlc Hls
beers OF the Banking and Currency co minit'ee, my
viii accomplish more than any one else expec,,s.
Their promise not only TO do that Dut Wiunii ti.e
next week frame a measure Whlch W,ii u'N
the Democratic factions and pass the houS" q,
Representatives, is generally regarded as ide anu
visionary.
Mir Walker Of Massachusetts,. TODAY INTRODUCED
a bill for the relief OF the National Treasury ny
means of an issue of bonds bearing interest at
rate not exceeding per cent per anbuHi; aai.
bonds to be redeemabe at the option OF the ,nisvn
States after one year from the date or their ISSUE
and PAYABLE at the expiration or three years, vi
bonds redeemable after three years from me Hals
of issue and due and payable at the expiration OF
seven years, bonds due and payable on a certain
date within three years from the date OF Issue hS
the Secretary OF the Treasury may elect ne tu-
thority to issue such bonds is TO De hnhteu ~ Z"
period of four years. - 49,.
Democrats who have been chucklhs auons uh'iii,
selves over the belief and expectation that in cas-
This Congress should fail to enact any nnaiicId'
legislation and special session or the III IN 'oh
aress should be called deal with the subject the
lives and the Republican plurality in the Senat"
would find themselves beset by diincultles ana I'm
barrassments which II would he found impractca-
HE II not impossible. to overcome. have suudeiIy
ceased 20 chucke They appear to be dsiurp.u
hv a horrible suspicion that the Republican party
OF to-day may be patriotic. as willing and as
able TO deal with financial difficulties ana enlpaf-
easements Inherited from the Democratic parry hs
1t ever was. and that special session may rESutl
in speedy legislation which VIII not Only rthtNe
The necessities OF the National Treasury hut as
siIste the clouds of financial gloom ana dstrust
now overhancing the country and threatening the
public credit OF course this prospect ~ as H'hrts
as II X disagreeable TO the Demo Popuists ana II
&c no wonder that they longer regard with seren-
inv or cOmplacency the probability OF special ses-
sion Of the LINth Congress.