New-York tribune., 1896-01-03

,,,.v decide TO REPORT A FREE COIN
AGE BILL TO THE SENATE.
,s TO BE OFFERED AS A SUBSTITUTE FOR THE
,oxn RI1J. PASSED BY THE HoUsE-A DEAD
lock AT THE MEET ING or THE FINANCE
COMMITTEE - ANNOUNCEMENT OF
THE BOND ISSUE ENFEcr-
ED THIS Well K



,,sh,rg,on Ian The Senate's new Finance
..,,,,,a. mo, to-day In response to Mr.. Morrilrs
No mass on the Emergency Bond and Revennc
.,,s cont over last week from the House. Three
:, .,a thirteen members, all free-s silver-coinage
.~o, varc = bsent. and the committee found itself
- aoadIocl, from the outset. Five Republican
-NIcssrs Morrill,. sherman. Allison. AL
s-,cb and Platt-favored repor;ing the Bond bill
o, once and without amendment. while four DEM
ocrats-Messrs Voorhees, Harris. Jones (of Ar
ransas) and Walthal-dnd one Populist Mr.
rones Of Nevada. favored the substitution for
,he House measure of an out-and-out free-coinage
hill. Mr Vest, though in town. failed to appear
q. the CAPITOL Mr.. White of California, and Mr..
wolcott the other missing free-coinage commit
,eeroen are absent from the city the latter being
still in Europe for the benefit of his health. AS
M action could be taken way or another on
the Bond bill while the committee was evenly
divided 1t was decided to adjourn until to-mor-
row when Mr. Vest expected to be on hand
"a nut the silver element in undisputed control
The silver Senators. on the adjournment Of the
regular committee meeting. held conference Of
their own and decided to vote to- morrow to strike
out the bond section of the House bill and to sub
st.tute for II a radical free coinage bill. Mr..
1ones of Arkansas who drew the Free-Conage
bill which was reported Dy the flnance commit
fee during the short session of the LID Congress.
bu, was left unacted on by the Senate, de-
puted 10 write the proposed substitute and to
prepare q repor, favoring its adoption The new
bill will probably be ready 10 be laid before the
Finance Committee tomorrow morning, and il
will be accepted and reported to the Senate either
tomorrow afternoon or at the next succeeding
session of the Senate.
The Republican members Of the committee also
talked the situation over informally. and decided
not only 10 vote against the Jones substitute to-
morrow hut L. ask time 10 prepare a hostile re-
port FOR submission to the Senate. The Repub-
lican leaders recognize. of course. that they are
powerless 10 prevent the passage by the senate
Of any scheme Of silver imitation Which may be
agreeable t. the bipartisan coinage cOmbi-
nation which is now in irdsputabe control Of
the upper house Of Congress. The Republican
managers will be satisfied at present, therefore.
10 force the friends Of silver to declare their ati
tude definitely both toward the Administrative
financial policy and toward the relief legislation
passed by the Republican House.
The virtual decision of the Finance Committee
70 report free-coinage substitute for the House
bill Is expected Of course. TO be taken by the
President a signal 10 liberate the new bond
issue. which has been held back for several days
past IN Ostenshle Difference Il political etiquette.
II would surprise no one therefore, il the
issue announced tomorrow or Saturday.
But whatever loans the President may float u
increase the gold reserve II seems certain that
the Senate will not give up its free-silver policy.
but Will insist passing free-conage bill be-
fore IL consents u transact any of the regular and
ordinary business Of the present session.