The San Francisco call., 1897-12-15
About to Be Submitted
to the Proper House
Committee.
Memb Wish to Consider
Its Provisions During
the Holidays.
Arrangement That Gives General
Satisfaction and Clears Up a
Strained Situation.
special Dispatch TO THE CALL
CALL OFFICE, RIGGs House,
W ASuINarnN Dec Ii


WASHINGTON, Dec. IA.
Secretary Gage will appear before the
House Committee cn Banking and Cur
rency on Thursday, and will submit 10
them in the form of general pIll his
recomme ndations recently made TO Con-
gress-
The determination OF the Secretary to
submit one general financial bill instead
of 4 mum ber of separate bills as brought
out many expressions of satisfaction. 1t
has had the effect OF clearing up u situa-
ton which was becoming strained and
gives promise OF an early report TO Con-
gress on financial bills.
The understanding was reached as q re-
suit of a visit to the Capitol of the So
hcitor of the Treasury. Mr.. ConnelI, rep
reseIung Mr.. Gage. He talked with a
mum Der of the Republican leaders, and il
is understood was advised by DnEley and
others that it would be desirable to en-
brace financial subjects in one general
bill.
Later the solicitor met Chairman Walker
and other members of the Committee on
Banking and Currency and general con-
ference was held as TO what should be
done. 1t was made known that Mr.. Gage
preferred TO let the subject go over until
after the holiday recess. The committee
urged, however that ii desired 10 take the
Gage bill, and also that submitted by the
monetary conference, under consideration
during the holidays, in order to be in q
position TO report progress when the
House reconvened after the recess. It was
decided, therefore, that Mr. Gage should
submit his measure on Thursday and ap-
pear in person to explain and argue its
merits and answer questions from the
committee. 1t was also made clear that
the Secretary would cover ali his pro-
posals In one general bul instead of cut
ting the subject up.
This arrangement gave general satisfaC-
tion, and, having accom- plIshed this much,
the ME 10 bers OF the committee canyassed
the course they would Ike as 10 making
an immediate report 10 the House on cur
rency questions.
1t was decided that the first thing to be
done was 10 report a bill EN- Dodyine the
three features recommended oy the Presi-
dent, viz: a reduction of the tax on
circulation 10 one-bah of l per cent; the
issuance of circulation up TO the par
value OF bonds de posted and the estab-
Iishment OF small banks in rural COM
mLnIiies.
While these will be embodied in the
Gage plan, yet, as they were specially ad =
vised in the Presidents message it was
felt TO be advisable to give the House III e
opportunity of acting on them a. once
without waiting for the report on the
Gage bill. For these reasons the full
committee will be asked to report on the
Presidents plan at once.
The draft Of bin has been prepared by
Brosius of Pennsylvania and This was
gwen 10 the solicitor of the treasury.
who is to return ii in time for action by
the committee, with such suggestions as
the treasury authorities IN Y wish to
make. As to the comprehensive Gage
bill, this and the monetary conference
bill Will be gone over wiJh care during the
holidays and as u result OF the better
feeling created to-day memb be1s OF the
Banking and Currency Committee say
there is no further doubt that action will
be reported TO the House soon after the
holidays.