The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-06

stood, to place the entire issue Of bonds
with London bankers. who would pay for
them with London gold, and thus avoid for
the present at least, the necessity for pay
ing out gold in exchange for legal tenders.
While no definite conclusion has been
reached, it Is believed that the announce
ment of the sale of the bonds will be made
at an early day.
There has been a noticeable falling off
of extra session talk The report of the Sec
retary of the Treasury fully confirms the
suggestion made in these dispatches about
the first Of the year, that if the treasury
could bridge over until April the revenues
of the treasury would begin to meet the
expenditures. 1t is not believed in usually
well-informed circles that the treasury will
by any means be in the plethoric condition
pictured in Mr.. Carlise's report but there
will be such turn in the tide that Presi-
dent Cleveland may have sufficient excuse
for delaying until December the battle royal
which is inevitable with the free silver men,
who will control the Senate after March 4.
Extra session rumors are therefore, at
present, at a discount.
SILVER SENATOR'S DIVIDED.
The Senate finance committee again failed
to reach any conclusion to-day on any of
the bills before it, vote was taken on a
substitute for Senator McPherson's bill re-
sulting for to against, the affirmative
votes being Mcpherson, Morrill,, Sherman.
Allison and Aldrich, and the negative being
voorhees,. Harris. Jones of Arkansas, Vest,
White and Jones of Nevada. A vote on a
free-coinage bill was prevented by the ar
rival of the hour of II O'Clock, the hour for
the meeting of the Senate. The silver men
developed difference in their ranks on the
frnr, So
Arkansas, while expressing the conviction
that silver coinage should prevail at the
old ratio of 16 to l. argued that it would
be waste of time to report bill contain
ing a provision of this character when there
was no probability of its becoming a law,
and suggested that 1t would be wiser to re-
port a bill which would give the govern
ment the seigniorage, as provided for in his
bill. Others of the silver Senators held out
for free and unlimited coinage and, while
they conceded that no free-ceinage PROPOSE
ton was liable to become law at this ses-
sion, they said the same objection could be
urged against any bill that would be re-
ported, and that it would be wiser for the
free-coinage men to vote for their real
convictions than to report makeshift. The
substitute for the Mcpherson bill, which
was voted down, was proposition sug-
gested by Mr.. Mcpherson, providing for an
issue of short time three-per-cent bonds to
meet the deficit in the treasury, very much
on the lines of the Sherman bill.
When asked to-day if he proposed press
ing his amendment for an additional tax on
beer Senator Teller said: II have no such
intention. / merely offered the amendment
to demonstrate the willingness of the Re-
publican party to provide a simple means of
raising revenues sufficient to meet the ex-
penses of the government. but 1t has be-
come evident that there is no possibility
of securing any revenue legislation, and /
shall not waste time upon it,"
Advices from New York state that $685.
200 in gold was to-day withdrawn from the
subtreasury in exchange for currency 1t
is not intended for export. Five hundred and
fifty thousand in gold heretofore withdrawn
for export was yesterday returned to the
treasury, which leaves the gold reserve,
after deducting to-day's Withdrawals, s42,-
936, ,442.