Arizona republican., 1899-06-18
Very Little Patching Up of Old
 Legislation.
THE FIRTY-SIXTH CONGRESS
The Tariff wiII Not Likely Receive Further Consideration-But inc Currency Problem Will Be Taken Up and Studied 10 a Solution Which Will Take inc Shape of Law.

Washington, June 17.-The work of
 the next congress may be predicted with something more than the usual
 has been settled and the general pol
 icy of the republican majority is
 known. The regular session-and
 there does not now seem much pros
 pect of an extra session-will be one
 of constructive work. The most inn portant work of the last congress, however-the revision of the revenue
 laws-wiu not receive any serious at
 tention at either session of the new
 congress. Secretary Gage has demon
 strated in a recent magazine article
 what was already known to those who
 have studied the treasury figures, that
 the revenues will be sufficient to meet
 tn expenses of the next two fiscal
 years, If business conditions continue
 favorable, or that. upon the worst
 showing, they will be so nearly suffi- cient that the large surplus in the
 treasury will cover any triding deficit
 which may arise. The war revenue
 law, with the stamp taxes, and propri-
 etary taxes, and the duty on tea will
 therefore, continue in force for two years longer, and probably for
 three years It is certain that no action will be taken toward repeating
 them at the long session and there is very little probability of such action at the short session, which ends on
 March 4, 1901. This will throw the whole subject over to the regular ses- sion of ths Fifty-seventh congress, which will met in December. 1901, and
 in the natural order Of things weUlf
 hardly pass complete revenue bill
 to take effect before the close of the fiscal year on June 30, 1902. If the pressure of revenues should become excessive, some partial measure might be possible at the short session in the winter of 1900-1901, or a special ses- sion might be called in the following spring. As matters stand, however. the danger is wholly on the side of excessive revenue rather than inSuffi- cient revenue so long as business pros- perity prevails, and the republican managers do not look for another panic until long time after the re- election of President Mckinley, which is confidently anticipated by them.
 THE CURRENCY PROBLEM.
 The choice of General Henderson for speaker apparently insures some ha problem. General Henderson was chairman of the caucus committee which met in April at Atlantic City, and is reported to have agreed upon a vigorous assertion of the gold stan- dard and the adoption of means which will maintain the standard under all conditions. It is not unlikely, if MT. Reed had continued to be speaker, that General Henderson would have been made chairman of the banking committee or of a special committee charged with all sides of the monetary problems General Henderson will now have the whole matter in his own hands. and is likely to name vigor- ous supporter of the Atlantic City pro- gramme as chairman of the banking It has not yet been de- cided by the republican leaders just what method shall be pursued in put ting the currency hill on the statute book. The regular course would be to refer the bill to the banking com mlttee, but V as it represents the mandate of republican caucus. it may not be thought necessary to refer it to any committee before passing it through the house by the solid republican vote This does not mean that the banking committee will have nothing to do turing the coming congress. The bill framed at Atlantic City is avowedly only one of several steps in the direc- ion of putting the currency of the country upon scientific basis. The committee will perhaps be ncouraged to continue the process ,f popular education by reporting an- .ther comprehensive banking bill, ike that framed by the subcommittee n the last congrsss-Messrs. MeCleary If Minnesota, Prince of Illinois and Mitchell of New York-even if it Is lot thought desirable to pass the bill. Those republican leaders who have xamined the question are satisfied hat some steps must be taken very con to permit an expansion of the aper currency to meet the demands if business and the growth of popula- ion. They do not favor increased erenback issues, and practically the