The Wichita daily eagle., 1897-12-15
GAGE WILL REPORT
TOMORROW HIS BILL WILL BE
SENT TO THE COMMITTEES.

He Yields to Urging and Consents to Pre-
sent His Measure Before the Holidays
and Has Also Been Induced to Incinde
all His Ideas In One Comprehensive
piI,-Immediate Action to be Taken on
the Presidents Three RECON- amend
atfons as to Bank Reforms - Nae'on"'
Board of Trades Warning as TO Silver.
Washington. Dec. 14.-Secretary Gage
will appear before the house committee
on banking and currency on Thursday
and submit 10 them in the form OF gen
eral bill his recommendations recently
made to congress.
The determination of Secretary Gage
to appear on Thursday and to submit
one general financial bill instead Of a
number of separate bills brought out
many expressions of satisfaction. 1t had
the effect of clearing up a situation that
was becoming strained, and gave prom
ise OF an early report to congress on imam
cial bills
The understanding was reached as
result of visit to the capitol Of the So
licitor of the treasury, Mr.. Connell, rep
resenting Mr.. Gage. He talked with
number of the Republican leaders, and,
it is understood, was advised by Mr..
Dingley and others that it would be ad-
one general bill.
Later, the solicitor met Chairman
Walker and other members Of the COM
mittee on banking and currency, and
general conference was held as TO what
should be done II was made known
that Mr.. Gage preferred to let the sub
ject go over until after the holiday re-
cess. The committee urged, however,
that it desired 10 take the Gage bill, and
also that submitted by the monetary
conference under consideration during
the holidays, in order to be in a position
to report progress when the house recon-
yened after the recess. II was decided,
therefore, that Mr.. Gage should submit
MS measure on Thursday and appear in
person to explain and argue its merits
and answer questions from the commit
tee. 1t was also made clear that the sec
retary would cover all his proposals in
one general bill, instead Of cutting the
subject up.
This arrangement gave general salts
faction, and having accomplished this
much the members Of the committee can
vassed the course they would take as to
making an immediate report to the house
on the currency question. It was decid-
ed that the first thing to be done was 10
report a bill embodying the three fea-
lures recommended by the president, viz
A reduction of the tax on circulation 10
one-half Of one per cent; the issuance OF
circulation up 10 the par value of bonds
deposited and the establishment of small
banks IN rural communities.
While these will be embodied in the
Gage plan, yet. as they were specially
advised in the presidents message, il
was felt to be advisable TO give the
house the opportunity Of acting on them
at once, without waiting for the report
on the Gage bill For these reasons, the
full committee will be asked TO report or
the presidents plan at once. The draf
Of bill has been prepared by Mr.. Bro
sius OF Pennsylvania, and this was Civ
en- to the solicitor Of the treasury, who is
to return it in time for action by the con
mittee with such suggestions as the trea:
ury authorities may wish to make. AS tc
the comprehensive Gage bill, this and
the monetary conference bill will bt
gone over with care during the holidays
and. as a result of t hebetter feeling ere
ated today, members of the bankink ant
currency committee say there is no fur
ther doubt that action will be reported
10 the house soon after the holidays.