Arizona republican., 1897-12-09
THE SESSION OF CONGRESS.


 latest contributor to the forecasts of work to be done at the present ses- sion of congress. MT. Dingley speaks cautiously and at some length, but it is evident that he is not anxious to stake his reputation as prophet by anticipating Legislation. He has no reason to believe that the session will last longer than June, which may be taken as a bit of grim humor inas- much as a session of six months would seem ito be altogether unnecessary if both houses would settle down to business.
 cal treatment Of business by the house at the special session last year that body may be expected to proc cced along practical lines and do away with menely dilatory tactics. If Speaker Reed has any influence with the house that body will make a good report. The delay will, as usual, b. created by the senate for, .as Mr Dingley says, ''It is always in the power of very few senators to great ly extend the sitting"
 The Maine man says that the pas- sage of bankruptcy bill is probable; that no currency legislation is possi : ble; that some amendments to the banking law may be passed; that i'm migration legislation "is likely to be consummhted," and that the annexa- tion of Hawaii as a territory will fol- low by the ratification of the pending treaty or by resolution. As to Cuba he believes that the president has shown capacity to treat that ques- tion and that it would be wise to leave the matter in his hands. Thus it is seen that MT. Dingley is only willing, at this time, to speak in a general way of the action of congress. concerning the currency:
 While I would be pleased to SC, legislation which would remedy the want of flexibility of our banking sys- tenn, and would separate those func- tions of the treasury department. which relates to >the government de- mand notes and certificates used as currency from those which relate to current receipts and expenditures, and thus better protect the reserve, yet l believe that it is sufficient for all immediate purposes to know that the administration has the power and i. determined to defend the present monetary standard.
 Indeed, with sufficient revenue to meet all currency expenditures, as we shall have in the next fiscal year, the treasury department can accomplish the purpose indicated without any new egislation-legislation however, is desirable, because under existing conditions, when government notes are redeemed in gold, there are only two ways in which they can be dis bursed, viz.: By purchase of govern ment bonds for exchange or exchange for gold.
 The only strong point made is that the administration guarantees the continuance of the present monetary standard. No possible change can be made to the disadvantage of the coun- try so long as MT. Mckinley is presi- dent. With the senate as at present constituted it would seem almost use less to expect any reform of the cur rency, however desirable it may be. If the obstructionists in the senate could be reasoned with or set aside something could be done. As it is now the present monetary standard is assured until 1901 at least. In the meantime much may come to pass to guarantee its further perpetuation The future of our financial system rests solely with the people. If a ma jority are fer the right in 1900 as they were in 1896, the necessary reforms will come in due time.