The Anaconda standard., 1895-12-23
THEY HAVE A PLAN
House Republicans Propose to Do No
More Than They Had Intended To.
OUT FOR TARIFF CHANGES
And the Plan is to Favor Low-Rate
Bonds Enough to Help the
Revenues Out of
the Hole.


to be an eventful week In the house.
Before adjournment is reached next
Saturday the republican leaders intend
that bill shall have been sent to the
senate in response to the demand OF
the presidents message on Friday for
some means OF relieving the treasury
situation. and protecting the gold re-
serve. The republican leaders deter
mined to act promptly as soon as the
message was sent In. and all idea of
taking a recess for the holidays was
abandoned In the face of the situation
presented.
The ways and means committee was
organized yesterday and last night the
republican members held a secret
meeting at the capitol to discuss the
details of a bill which. in their opin-
ion. would furnish the desired relief.
The general outline of a measure was
practically agreed upon. but the de-
tails have not been completed. The
sentiment was unanimous that no gold
bonds should be authorized but that
bill on the lines of Mr.. Reeds
amendment OF last year should be
drawn I'D. and with that should be
coupled some tariff changes for the
purpose of raising additional revenue.
The republicans took the stand that
the menace of the gold reserve was
caused primarily by the lack of reve-
nue. to meet the expenses of the gov
ernment Mr.. Reeds bond proposition,
which the committee will adopt. pro-
vides. first. for the reduction OF the
rate of interest on bonds to be issued
under the acts of 1870 and 1885 for the
purpose of resuming specie payment
and protecting the specie reserve, from
4 to per cent. and. second. for a low
rate. low denomination coin bond
which would practically be a debt GER
tificate to be used to supply deficien-
cies in the revenue. The details of the
tariff changes will furnish the most
difficult task In framing the bill.
There is practical unanimity of SEN
| timent. so far as can be learned,
among the republican members OF the
committee for a duty on wool and
compensating duty on woolens. The
western members want the duty on
wool to be at least cents per hun
i dred. but the indications are that IL
I-Tfn NOT exceed cents. There is sone
discussion OF a proposition to make a
| horizontal increase on all the sched-
| ules. except sugar, of from Is to 20 per
cent. but that is opposed In certain
quarters as being on protection lines.
While there is. IL is said. some differ
ence of opinion IL seems certain there
will be a time limit of two years or 30
| months on the tariff provisions OF the
bin.
The house will probably adjourn to-
morrow and the republicans OF the
ways and means committee will go to
work to perfect the details of the bill.
IL is hoped that II can be ready by
Tuesday. and IL so. II will probably be
passed under a special order OF the
committee on rules. After the bill has
been sent to the senate the question
of whether congress shall remain In
session for the remainder of the holi-
days will remain with that body. As
to the attitude of the democrats to-
ward the bill. II seems probable that
II will be opposed by most. II not all
of the democrats.
The silver democrats are not dis
posed to vote for any bond proposition
first. because they believe there Is an
other remedy In the hands OF the exc
cutiye-the redemption of notes in sill
yer. They might vote for coin bonds
10 borrow money IL the executive said
that money was needed to meet cur
rent expenses. but as the demand for
authority to issue bonds is not based
on that ground. their opposition to the
bond features of the bill is certain
Solid opposition of the democrats Is
looked for. but the overwhelming re-
publican majority insures its passage
beyond a question.