The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-02-02
AN EXTRA SESSION PROBABLE.


Ii the present congress does not lcsis-
late SO as to afford relief to the treasury
the president will find ii necessary to
call an extraordinary session of the
Fifty. fourth congress, to commence ct
an esrly day. That the treasury ia in
straitened circumstance lie not concealed.
Ii was confessed in the annual and in
the recent special message OF the presi-
dent to congress. The measure of relief
recommended in the annual message
has not been accepted by congress; it
was defeated by direct vote OF the
house Of representatives in which more
ocrats. The measure recommended in
the special message has not been acted
upon in either branch OF congress.
The measure last recommended has
many features and for that among other
reasons it may be difficult to bring
majority in either branch to a concur
renee upon il or modified bill. Sem
stor Teller OF Colorado has already ans
nounced that the Springer bill cannot
pass the senate. As it gives gold an adj
vantage in making it only receivable for
duties upon imported goods, ignores sill
yer and confers upon national banks the
sole power of supplying paper money, il
will be vigorously opposed by the Popu-
list senators, and tbs decided silver GEN.
ators. whether Republicans or Demo
Gratis. Should ell the Democratic Gems
ators and the monometslliss Republican
senators refrain from debating the sub
ject there are other senators enough to
talk until the present congress- expires.
Senator John Dawes of Massachusetts
once talked sgainst measure for three
days and until the hour of final adjourn
ment arrived. 1t will take several days
for the bill to get into the senate from
any bill st all. II will then 60 to the
finance COMMITTEES for conaid ration, and
unless that committee does quicker work
than it WAS ever known to do it will not
get before the senate for amendment and
debate until after thu frat week ia Feb
rusry hes expired.
The law az it now stands, does not
authorize the issuancs OF bonds except
to protect the gold reserve in the treas
ury. The president has pointed out
that the gold reserve disappears through
the redemption of legal tender and
treasury notes, aud as fast az taken in
they have to be put out again, so that
without some legislation authorizing
tha cancellation of these notes when
taken in, the process can continue "a
minimum. Hence in his opinion the
treasury cannot get along without some
helping legislation by congress. rhsre-
fore if this congress- should fail to ei-
fsctively legislsse, Gn extra session
would seem to be Indispensable.
What the Fifty-tourth congress viii
do is a matter of speculation. Rspub.
lcans generally maintain that the
trouble arises from tariff Legislation
that does not produce aufioienoy o
revenue to pay the current expenses o
the government. and their remedy i
likely to be Liquidation that will supply
the necessary revenue By tranferrinI
from the free list to the dutiable lis
many articles, and especially wool ant
hides, and by increasing rates upol
articles in some or all of the dutiabl
schedules. If it should so happen tina
the senate should be Republican, o
controlled by q coalition that will IS
sent 10 the Republican plan. the pres
ident will be placed in an awkward
position, for he, ia as persistent in hi
theory of tariff as upon his theory o
monetary legislation.
Mr.. Wilson and other Democrats
stoutly deny that there is deficiency o
revenue or that there will be a defic
iency when all the laws enacted b.
the present congress are in full force ant
effect, and especially Mhsn the incoml
tax is paid. 1t is not Improbable tina