Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1896-01-10
TREASURY NOTES
IF REDEEMED WITH GOLD MUST
REISSUE FOR GOLD.
The Tariff Bill Republican Dis.
turber - England Feels Better
New York Wants the Democratic
Convention.

WASHINGTON, Jan. 3, 1895.
President Cleveland may or may
not have felt complimented when
Senator Sherman offered resolution
providing that when greenbacks
or U. S. Treasury notes are redeemed
for gold they shall not be reissued ex.
cept for gold, but that resolution and
speech made in its favor by Mr..
Sherman have been the most sensa-
tional occurrences OF the week in
Congress. 1t will be remembered
that when President Cleveland in his
annual message and Secretary Car.
Isle in his animal report recon-.
mended the retirement of the green
backs and Treasury notes as the best
remedy for our financial troubles
Senator Sherman was foremost among
those Republicans who hooted at the
idea. Now Senator Sherman offers a
resolution which, if it becomes a law,
would probably result in retiring the
greenbacks and Treasury notes, al
though he claims that it wouldn't.
The basis for his claim is not, how
ever, very substantial one. He
figures that the law would work like
the assurance OF bank cashier to a
frightened deposition, that he could
have his money if he wanted it; and
that those who have been presenting
these notes for redemption in gold
will stop as soon as they know that
the notes 80 presented will not be
again paid out for them to present
again.
The scrambling among those who
want more of the protection pork
than the tariff bill which the House
passed gives them has not been
equalled since the Mckinley bill was
being made up. 1t has been and is
making life miserable for the Repub-
lican members of the Senate Finance
Committee, which is now trying to
decide in what shape the bill is to be
reported back to the Senate. The
greed of those seeking protection for
special lines, at the expense OF every
body else. would make the scramble
sufficiently disagreeable, but Presiden-
tial politics have also been brought
into it. The Mckinleyites declare
that the bill as passed by the House is
in the interest of Reeds candidacy,
and that they will have more McKin-
leyism put into it, or know the reason
why it isn't done. The Democrats
are not taking much interest in the
bill, although the nearer it gets to
McKinleyism the better it will suit
them, they believe that the country
is as strongly opposed to Mckinley.
ism now as it was when it elected the
Democratic House Of the Fifty.second
Congress and when it elected Mr..
Cleveland President and gave the
Democrats control of both branches
of the Fifty-third Congress and that
the nearer the bill approaches the
original Mckinley bill the greater will
be its effect towards helping to elect a
Democratic President next November.
Democratic Senators have not agreed
upon any programme on the tariff
bill, but the general sentiment among
them indicates that after putting the
party on record against the bill they
will place no distractions in the way
of reaching a vote. Even if the bill
passes the Senate in a shape to meet
the approval OF Mr.. Reed, who is to
all intents and purposes the house, it
is well-nigh certain that it will be
vetoed by President Cleveland.
Mr.. Reed wanted rest this week.
Consequently the House has done
nothing except to 60 through the
form Of holding sessions Tuesday and
to-day.
There has been considerable
change OF opinion as to the attitude of
England towards the Venezuelan
boundary commission, the member
ship of which could hardly have been
improved. Instead of being violently
opposed to the commission, as many
supposed it would be, it seems, from
trustworthy information, that the
British government while not officially
recognizing the commission proposes
to unofficially assist it in every way
possible to get at the actual facts as to
the true boundary between Venezuela
and British Guiana.
The resolution adopted by the Sem
ate, calling upon the Secretary of the
NAVY tn state Whether in hia oDinion
it would be advantageous to contract
for six battleships, instead of two as
authorized by the last Congress, is in
tended to give Secretary Herbert an
opportunity to call the attention of
Congress to the favorable nature of
the bids submitted to the department
for the building of battleships, and it
is expected that his communication
will result in Congress authorizing