The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-02-02
SPEAKER REEDS PROGRAMME
HE is ANXIOUS TO PASS NECESSARY
BILLS AND ADJOURN.
Views of Republican Leaders-PubIic
Debt statenent-New Fish Com
missioner Nominated.
,nee,a, 70 the indianapolis Journal.

financial legislation at this session of Con-
gress Republican representatives generally
are very proud of the result of the vote.in
the House last Monday on the Teller reso-
Luton and are inclined to rest the imme-
date future on the record thus made. Those
among them who are looked on as con-
trolling the policy~of the House say that
the financial differences between the two
parties are as sharply defined now as they
would be after six months discussion, and
that the issues growing outfof these finan-
cial differences are as definitely made up
as they can be with the Senate in the con-
troll Of the silver monometallists and the
House in the hands of sound-money men,
Those who hold this view believe that by
avoiding long debate in the Senate on
proposition of general financial reform, Con-
gress can ald will adjourn before the close
OF the present fiscal year. which ends
on June 30 next.
Speaker Reed takes great deal of credit
TO himself fer the superb exhibition of party
discipline displayed in Mondays vote on the
Teller resolution. The HOUSE had to face
the issue, he is quoted as. saying to a
friend, and it was just as we'll to meet it
then as six months hence. He thinks the
House did courageous thing, and that its
action will electrify the country. The peo-
pie have been given notice that the Repub-
lican party stands for sound money and the
maintenance of the national honor and the
national credit. On that point the stalwart
speakers think there can be no longer the
shadow of a doubt, and the exhibition of a
willingness to meet the issue fairly, square
ly and boldly, which was given on Mon
day, cannot fail to instill renewed conf
dence iii the Republican party with the
mfllianG nf ~,
a political party 10 stand UP to the mark
and fight openly for that which it has de-
ciared to be right.
SPEAKER REEDS DESIRE.
Speaker Reed is satisfied that he repre-
sents the wishes and views of a majority
of his party in the House in declaring that
every effort will now be made to bring this
session 20 an early close. Any attempt to
force further agitation of the financial
questions at this session will meet with his
unqualified disfavor. This means that UNI
less ne experiences positive change of
opinion, he will exert his powerful infiu-
ence to prevent the discussion of any meas
ure emanating from the committee on
banking and currency. That committee by
Its inexcusable delay in agreeing on a meas
ure. of financial reform to report to the
House, has lost its golden opportunity to
distinguish itself by formulating the issue
which was inevitable between the House
and Senate and between the two great par
ties. Teller got into action before the COM
mittee swung into motion. The House ac-
cepted the challenge and disposed of the
matter with unusual promptitude. This
1t is felt by the great majority of Repub-
licans, completely forestalls any action of
the committee and makes further agita-
ton not only unwise but unnecessary 1t
is recognized however, that this is, after
all, merely matter of judgment which
may have to be reversed when the country
is heard from on the question. The impress
sion in Washington to-day is that the coun-
try will be satisfied to let the matter remain
as it now stands, content with the formula
tion of an issue on which the campaign next
fall must be fought out by the two great
parties.
Speaker Reed will now direct his energies
to Fastening the passage OF the necessary
bills for the support of the government as
fast as they are returned from the Senate
In the meantime the bankruptcy bill re-
ported from the judiciary committee as a
substitute for the Nelson bill, which passed
the Senate at the special session, will be
taken up and passed in the House. This
means that the measure which will be en-
acted into law finally win be largely shaped
in the conference committee between the
two houses, as is the case with all IegisIa-
ton concerning which there is serious diff
ferences between Senate and House. Speak
er Reed is in favor of a bankruptcy law
but nc thinks the Nelson bill is too favor
able to the debtor class. IT he has any OBJ
lection to the Henderson bill il is on this
ground. He would personally prefer the
T.tsf
lieves that the voluntary feature of bank
ruptcy legislation should be carefully
guarded and so framed as to protect credit
ors against dishonest attempts to take adj
vantage of them. What he calls a fair
law is one which viii enable honest in
solvents to liquidate and resume business
but which shall not be so loose in it's pro-
visions as to put premium ON reckless
speculation or encourage dishonest delin-
queuts In this he has strong support in
both houses so that any measure to become
law at this session will probably have to
reflect these views.
THE HAWAIIAN TREATY
The present anxiety tor an early adjourn
ment seems to have had an effect in has
teniIlg the Hawaiian annexation treaty, and
may cause il u be acted on at an earlier
date than was intended. Anyway the Sen
ate took it up in executive session to-day
when Senators White, OF California. and
Pettigrewi of South Dakota spoke against
it. Senator Thurston of Nebraska. who
was originally favorable to the treaty, but
Is now against II, created a sensation by
moving 10 lay ii on the table until March
j next There was Il hurried scurrying to
bring III Senators. When the motion was
determined by a rising vote It was only de
feated by four majority. There were how
ever. only some twenty Senators voting
Light as this vote was 1t gives some idea
Of the way the Senate win probably Stand
when the final vote is taken. Senator
1hurston, In explaining his motsen said ne
wanted final action postponed until the at
Inosphere in Washington cleared. This is
supposed 20 be a yelled allusion TO the pres
ence here OF President Dole. Of Hawaii. 1t
is only fDir to that gentleman 10 say that
since ne has been here he has conducted
himself with great dignity and discretion,
and has made many friends by so doing.
1t is believed that If the vote were taken
now theStreaty would fall 10 secure the nee
essary two thirds to ratify il. Discussion
and missionary work may win over enough
to make two-thirds. II. however, a poll
should silbw the hopelassneaz Of ratifiea-