Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-12-17
THE WASHINGTON BUDGET
Secretary Gage Continues the Exposi-
ti0n of His Currency Bill Before
House Currency Committee.
LIST OF PRESIDENTIAL APPOINTMENTS
Time for Building Gila Valley SNorth
ern Railroad in Arizona Extended
Two Years Comptroller Calls
for Bank Statements.

Washington, Dec. l7.--Secretary Gage
resumed the exposition of his ex'
teusive currency bill before the house
committee on banking and currency to.
day.
Chairman Walker had left the city and
Representative Brosslus, of Pennsylvania
presided.
"You are recognized as Republican,
said Mr.. Hill, representative from Con.
neotlcut, addressing the secretary, "and
you are familiar with the financial plat
form of the Republican national conven'
tion at St. Louis. Do YOU consider this
purpose to more firmly fix the gold stand
ard on the country conflicts with the
plank in the st. Louis platformf"
"Nc sir" responded Mr.. Gage. mot as
look at the question of bimetallism
| Bimetallism must mean one of TWO things;
either two kinds of money of unequal
value circulating side by side by reason
of exchange of less valuable for that of a
greater value, or else two kinds of money
of such intrinsic equality value that they
will circulate naturally side by side. We
have bimetallic currency in the United
States now. firm establishment of the
gold standard, with such interchange
ability with silver as will make it accepta-
bic on an equality with gold, and We will
maintain this bimetallism the same as it
has existed the last Is years." The sec
retary went on to state that this In no
way prejudiced any steps that might be
taken to bring SILVER up to the higher
standard OF value. The bill, however,
was designed to give suon confidence in
the financial ability of the government
that Determinations against silver would
largely decrease.
II would not say silver can be restored
to subsidiary value," said Mr.. Gage, II
would say system of silver which would
be subordinate. 1t ia subordinate now."
In answer to questions by keprese ntatlve
Newlands, the secretary said the amount
of refunding bonds to be issued under
the bill would reach $1,l36,0 100000 if all
were Issued. This being basis for cir
culation, bank notes could be issued to
that amount. Besides these the addt-
tional 25 per cent of unsecured circulation
would give a further issue Of bank notes
of about $300,000.000, but that the vast
issue was mostly creation spectre and
not reality. Any efforts of the banks
to absorb all bonds would 30 affect the
price as to defeat the object in view.
The extent to which drains on the gov
ernment stock of gold would result under
the plans of the bill excited much dis
cussion. Mr.. Gage stated that all the re-
demptions would be made in gold or Its
equivalent.
LIST OF PRESIDENTIAL APPOINTMENTS.
Washington, Dec. 17.-The president
sent the following nominations to the
senate today:
State-W william W. Thomas, Jr., of
Maine, envoy extraordinary and minister
pleni ipotentiary to Norway and Sweden;
Hamilton King, of Michigan, minister
resident and consul general to Siam;
James Q. MoNally, of Pennsylvania, Sec
retary of legation and consul general of
Bogota, Columbia; Edgar 0. Achorn, of
Massachusetts, secretary of legation at
st. Petersburg.
Treasury-Nathan B. Scott, West Vir-
ginia, to be commissioner OF internal
revenue.
To be consuls-George Il. Moulton,
Colorado, at Demarara, British Guiana;
Robert p. Dooley, New York, at St.
Helena; Louis H. Ayhme, Illinois, at
Guadalupe, West Indies; W. Stanley Hol-
lis, Massachusetts, at Lourenza, Mar
quese, Africa; Levi s. Wilcox, Illinois, at
Han Kow, China; Chester Donaldson, New
York, at Managua, Nicaragua; Robert 2.
Skinner, Ohio, at Marseilles, France;
Frank W. Mapin, Iowa, at Reichenberg,
Bohemia; Marshal Halsted, New York, at
Birmingham, England; Harlan W. Brush,
New York, at Clifton, Ont; Charles W.
MerrimsD, Wisconsin, at Brookville; d,
E. Gipty, at Athens, Greece; Lemuel W.
Livingston, Florida, at Cape Haytien;
Somes G. Billheiler, Indiana, at Zanzibar;
j. Goddard, Ohio, consul general, Monte
rey, Mexico.
Interior - Richard Lebert, surveyor
general of Colorado.
To be receiver of public money-Al-
bert W. Thompson at Clayton, N. M.
PRIVATE PENSION BILLS PASSED.
Washington, Dec. 1.-THE senate to.
day took the necessary procedure to put
the bill for the relief of the Klondike
miners into conference, and named Sem
ators Hawley, Garter and Cockrell as
conferess. It then discussed at some
length the governments revenue, the
basis of discussion being the report that
the time was inopportune to pass bill
to free from taxation alcohol used in the
arts. One hundred and thirty eight pri-
vste pension bllls were passed.
TIME FOR BUILDING RAILROAD EXTENDED.
Washington, Dec. 1.-THE house today
extended for two years the time for the
construction over the San Carlos, A. T.,
reservation the Gila Valley & Northern
railway, and resumed the conside ration
of the legislative appropriation bill. The
Klondike relief bill was sent to conference.
congressman Cannon, Northway and
Sayers, of Texas, were named as con-