The Washington times., 1895-02-07
All Uncertain as to the Outcome
Of the Currency Problem.
BLAND OFFERS A SILVER BILL
Republican Opposition to Reeds Substitute
Crystallizing- Measure More in Favor
With the Silver Men Than With Others
President withholding the Bond Issue So
as Not to Appear as FOrestalIing Congress.

''No, don't think the House will pass any
currency BILL. was the reply Representative
Tyler. OF Virginia, made to a question on this
subject yesterday.
'Yes, suppose the House will do some
thing, though don't know what, was what
Representative Coffin, of Maryland, said.
That's about it. Nobody knows. What is
worse, nobody seems to care. What stands
out i'll bold relief is the fact that each school
of flnanciers insists stubbornly upon what 1t
advocates, and shows no disposition to make
any concessions to the opinions OF the other.
There is no lack of material. Another
Richmond has come into the field. Mr.. Bland
has brought in a bill, as everybody expected
he would.
MR. BLASD's BILL
1t provides in brief that all coin obliga-
tions of the government shall be paid in
standard gold or silver coins. and that such
payments shall be made in such coins as may
be most advantageous to the government.
For the purpose OF providing the Treasury
with such coins the duties on imports are to
be paid one half in gold and one han IN stan
dard silver coins To redeem the Treasury
notes issued under the Sherman act the bui-
lion purchased hereunder is to be coined
not less than SO 1000. 900 every month. The
Treasury notes redeemed are 10 be paid into
the Treasury
The free coinage act of 1897 is revived and
all authority TO issue bonds or to increase the
interest-bearing debt is revoked. To meet
! the deficiency aceruing in the Treasury and
to enable the Secretary to set apart coin to
meet obligations of that character the Secre-
| tary is authorized to Issue Treasury notes
| which are TO be receivable for all demands OF
the United States, except duties on imports
and other coin demands.
OPPOSITION TO REED's SUBSTITUTE.
| The opposition in the Republican ranks to
| Mr.. Reeds substitute, which was referred to
in THE TIMES yesterday. is beginning TO crys-
tallize. Three, If not more. men prominent
| on that side of the House have undertaken
! to arouse sentiment against ii, and were ac-
! lively engaged yesterday in their propaganda.
How far they will succeed il is not easy 10
say. Singular to relate. the eX-speakers
amendment is not at all obnoxious to tue sil-
yer men. either on the Democratic or Repub-
! lican side, for that he has proposed 10 redeem
his Treasury certificates in coin, which would
/ leave 1t at the SecreIarys discretion TO use
/ silver or gold.
Mr.. Reeds substitute is somewhat akin to
/ the bill offered by Dir. Voorhees, at last week S
| cured several votes, and il is agreed. there
/ fore, by the advocates OF the Speakers S
proposition that it would not lack friends in
4 the Senate, but would stand at once upon
/ vantage ground.
I AS Tor Mr.. Biands amendment. its fate may
/ be prognostIeated by h remark OF n leading
! Democrat: Its neither fish, flesh nor fowl
/ ana will satisfy nobody.
BOND ISSUE NEAR AT HAND.
| In the Senate matters financial are auies-
cent. No meeting of the Finance Committee
was held yesterday and no formal conferences
OF any sort took place.
1t was the opinion yesterday OF some Con-
1 gressmen who are supposed 10 enjoy the con-
/ fideDce Of the administration that the Presi-
dent will take action Us soon as the House
shall have disposed Of the pending measure
/ As stated in THE TIMES yesterday Mr. Cleve-
/ land is merely waiting with the bond issue
! so as not to give himself the appearance of
| having forestalled or discounted legislative
i action. The gentlemen referred to believe
that the bond issue will be announced Satur-
| day morning. though it Is not improbable
/ that the President may wait until after the
next meeting of the Finance Committee to
! see what it will do with the House bill.
The bond issue is foregone conclusion,
because no bill passed by the House can hope
| to pass the Senate.