The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-11-26
Senators Chandler and Dingley
Give Their Views.
is MUCH DANGER IN DELAY
Passage of Dingley Bill Would
Not Meet Exigency.
CONDITIONS NOW DIFFERENT
pingIey SAYS His ELL Was Meant to
Meet Situation Then---Chandler
Fearing NO Relief Favcrs
Short Term Loan.
washington Post.l


washington Postl
senator Chandler, Of New Hampshire,
is in favor of an extra session called by
Mr.. Mckinley at the earliest possible
moment, first, because he is afraid moth
ing can be accomplished at the coming
short session in the way Of tariff legisla-
ton. although he is quite willing to try,
and second, because he thinks it would
be dangerous to wait until the regular
session to enact n tariff BILL
He calls attention to the fact that the
Mckinley tariff act went into effect in
1890 just before the opening of the Con-
gressional campaign of that year with
disastrous effect to the Republican par
ty. The Democrats, who were in power
in 1898, waited until December before
they began TO revise the tariff, and the
Wilson bill went into effect just prior to
the campaign that swept Democrats out
Of sight all over the country.
Wait until December, 1897, before
You begin the revision of the tariff upon
Republican lines once more, said the
Senator to a reporter of the Post last
evening, "and the result will very likely
be the same. 1t would take until sum
mer to get through with the consideration
or the bill. Then it is necessary TO give
some little warning to the business in
terests, perhaps until the 1st of 0cto-
Der. Then before the workings Of the bill
could hardly be seen the Congressional
elections would be at hand. 1t is not
safe to delay until the regular session the
passing of a Republican tariff measure.
do not mean that we ought TO pass an
entirely new tariff law. 1t will be much
easier to amend the present law so that
it will be satisfactory and produce suf-
fcient revenue"
WOULD BORROW MONEY, IF
NEEDED.
Fearing that nothing can be done at
the coming session to stop the deficit in
the Treasury in the way OF raising adj
ditional revenue, Senator Chandler sug-
gests that a measure might be passed
without much trouble, giving the Secre-
tary Of the Treasury authority to borrow
make up the deficit in the revenues. while
such deficit may last. He would have
the loan made payable in a very short
term, or in partial payments every year,
in order to make the burden as light as
possible upon the government.
Il believe" said the Senator, discuss
ing this plan, I'VE can authorize a short
time loan, limited to $50,0OO.O00 or
500, 900. Provisions may be made
for such loan to be paid off within
few years. If we have not the money.
it must be borrowed, and it is offensive
to every one to have the government re-
sort to the roundabout and eyasive meth
DDS adopted by Mr.. Cleveland in the
loans he negotiated. Authority should
be given at once for shOrt-time loans, so
that the government may get out when
it finds itself in hole"
DEPRECATEs AROUsING ExPEC-
TATIONS.
Il do not wish to be understood as
saying that nothing can be done at this
session. I think we ought to try to do
something this winter that will provide
more revenue for the government, but
the chances are greatly against our sue
cess, in my opinion. / want to avoid
the effect that such statement as Mr..
Sherman's will have upon the country,
in which he says we will do this and
that, thus creating expectations that do
not seem likely to be realized"
Senator Chandler also expressed him
self plainly in opposition to any move
ment at this time looking to the retire
ment of the greenbacks. AT present"
said the Senator, ''the banks need them
in their reserves. If they did not have
them they would have to hold their re-
serves in gold. The thing to do now is
to provide means for getting money until
we can put revenue legislation into eff
feet. An extra session Of the F'ifty-fifth
Congress, in my judgment, is necessary.
and we shall then enact both revenue and
financial legislation I do not see how
we can accomplish anything as to either
OF these questions at the coming ses-
sion
he Senator also expressed the opinion
that lie next session would be a quiet
one. 'Ihe Republicans are not disposed
to crow" he said "and / see no opening
for n rumpus except between the silver
Democrats and the gold Democrats"
Being asked if the silver Republicans
would be admitted to the Republican
caucus il they wanted to go in, Senator
Chandler said, eve shall not exclude any
Senator who wants to come in"
SENATOR ROACH is WILLING.
The return Of Senator Roach, OF North
Dakota, adds another to the Democratic
list of arrivals. He quite agrees with
Senator Morgan that no stumbling block
should be put in the way OF the Repub-
lieans, if they desire to pass the Dingley
bill, and intimated it might be well to let
them succeed.
Il would not interpose any factious
objection" said Senator Roach yester-
day, "to- such tariff legislation as the
Republican majority might desire to
--.-l.-..a.I-. rrLn. sa- thnt 1rnannr.iL1- s.