Daily capital journal. (Salem, Or.) 1896-1899, 1896-01-09
IN CONGRESS-
TIM FINANCIAL DEBATE.

TIfE FINANCIAL DEBATE.
WASHINGTON. Jan. g-Tbe anti
, silver Democrats Of the senate held d
meeting or conference yesterday, while
the Republican senators we're In can
Gus. The object of the conference
was 10 count how man men could be-
mustered against the free coinage
amendment of the senate finance COM
mittec TO the bond bill.
II was found that there were four
teen sure votes on the Democratic
side against the silver proposition and
the Democrats were assured there
were 20 Republicans who could he
counted against the Jones amendment.
This would make forty in all. -Four
votes would be necessary to make
majority Of the senate.
The Democratic and Republican
anti-silyer men are now making an
effort to see IL those four votes can be
obtained. Among the Republicans
who are not counted in The silver list
and upon whom an effort may be
made, are senators Mcbride, Of Ore
POn, Wilson. Of Washington, and Cor
don and Bacon. of Georgia, and Mar
tin, of Virginia
II is not known with what hope the
anli-silver men are working. hut they
say the vote viii be very close, and per-
haps free coinage may bc defeated.
The Democrats counted against the
bill are: Brice, Cairery, Faulkner,
Gibson, German, Gray, Hill Lindsay,
Mills, Mitchell Murphy Palmer,
Smith and villas.
The treasury lost 100000 in gold
bars, which leaves the true amount Of
the reserve SjI,s62, ,2Ol. Nothing is
known at the treasury department so
far as can he learned, Of any concerted
movement by the banks 10 protect the
reserve by making gold deposits, and |
up to the hour Of closing the state
ment published yesterday that Sum-
mers & Forshay, bullion dealers of |
New York, had deposited $500, 900 had
not been confirmed by Assistant Treas
urer Jordan In fact the only consid-
cradle deposit during the last several
weeks was made yesterday, by the
Mercantile National bank, which ex-
changed $jOO,OOO In gold for currency.
So far as can be learned the situa-
tion shows no signs of improvement
and no surprise would he felt here IL
heavy shipments Of gold should be
made on each Of the fast going Euro
pean steamers for some time to come.
The treasury deficit for the present
fiscal year to date reached S2O. .O3g. .439.
-
The subcommittee of the house ap-
committee, having charge
OF the pension bill has decided TO
Increase the amount for the next fiscal
year from Sl2S,OOO,OO0 to 100000, 900,
the amount asked for by Commissioner
Lochren In his estimates. Some OF
the most influential representatives
thought that congress should not nut
Itself ON record as allowing less money
Tor the pensions than the commissioner
thought was needed.
The feature Of the Republican sena-
Iorial caucus held today was the dis.
'uSSion of the adyiSability of amend.
ng the house tariff bill by adding
.ree coinage amendment toit. In the
senate this discussion was confined ia
HE free coinage wing Of the PARTY. :
The result of the meeting was the {
adoption of senator Quay's resolution. ;
expressing the sense of the senate s
'aucus to he that the finance commit. )
ee should report the bin as il came s
nom the house, with few verbal
'hanges, which will not alter the
meaning of the measure in any essen. :
ial feature. g
GhildKan Nr e.. p