Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1897-11-27
CURRENCY PROBLEM.
Congressman Dalzell Anticipates
Little Immediate Legislation.
WHAT SENATOR TELLER THINKS.
Tho Colorado Senator Docs Not BELIEVE
That Bank Notes WIN he Substituted
for Greenbacks-Thc President
VIII Urge Currency Reform.

WASHINGTON, Nov. a5.-Congressman
John Dalzell, of Pennsylvania, does
not look for an exciting session Of con-
gress. There will be no radical leg
islation," said Mr.. Dalzell-'not even
on the currency question. There may
be something done in the way Of enact.
ing remedial propositions, but nothing
that will go to the root Of the matter.
Not only would II be impossible to
pass anything radical through the
senate, but doubt II we could get an
agreement in the house. There would
be so many theories advanced and
such difference of opinion mani
tested rs to add to the confusion. A
man with a theory is always the most
tenacious OF his ideas and the hardest
man with whom to argue"
"Then little will be done in con-
gress?"
~ should say comparatively little.
Hawaii will probably be annexed, but
there will not be much agitation of
the Cuban question, because when the
facts are officially laid before congress,
as they will he, they will show that
the situation has greatly improved and
that many of the Objectionable fea-
lures of the war have been removed. 1t
Is probable that an immigration bill
will pass and the bankruptcy bill will
also go through the house. The sem
ate may agree to some kind Of bank
ruptcy bill. but will hardly accept the
one which the house will adopt"
WHAT SENATOR TELLER THINKS.
WASHINGTON. Nov. 25.-When asked
yesterday to give his opinion as to the
probability of legislation affecting
the currency during the approaching
session Of congress, Senator Teller
said: II do not believe there will be
any legislation looking to the substitu-
ton of bank notes for greenbacks and
treasury notes, which appears to be
the favorite method of currency re-
form, so called, advocated by the sup
porters Of the old standard. l think it
very doubtful whether the advocates of
the change can agree upon the details
Of such legislation, and bankers will
naturally hesitate to increase the issue
Of bank notes in sufficient quantity to
take the place of the entire volume Of
greenbacks and treasury notes, and es-
pecially in view OF the fact that re-
demption of bank notes must, to sat
isfy the demands of the currency re-
formers, be in gold" Senator Teller
said that he considered 1t quite certain
that the president would make some
recommendation upon the currency
problem to congress, but he was of the
opinion that the suggestion would be
in general terms, as in his inaugural
message, and that the president would
leave the details to congress.
PLAN FOR CURRENCY REFORM.
WASHINGTON, Nov. est can be
stated on the highest authority that
the president is going to recommend
plan for currency reform in his mes
sage, and, further, that that part Of
the message was written with the CO.
operation of Secretary Gage. 1t is au-
thoritatively stated that Secretary
Gage is perfectly satisfied with the
presidents message in regard to finan-
cial legislation, and that 1t meets his
entire views and support. Further
than this, IL can be stated, on the same
high authority, that the secretary OF
the treasury will submit to congress
in his annual report the plan for cur
rency reform which he submitted to
the cabinet at its meeting on Friday,
October go. The secretary intends to
submit this report to congress almost
as it was submitted to the
with the exception that he
will make some further recommends
tions, but these will not materially
change the plan already announced.