The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-11-29
NR. PALMER is NOW URGING ACTION.
Administration Wants the Coldbue Support
Again and viii Press Matters.
THE TEXT OF THE PROPOSED MEASURE
Bp. Been Given out mt Washington
and Contains Little That Has Not
Bccn Urged heretofore.
lsnocial to The post.)

Especial to The Post.)
Washington, November 2S.--Should the
republican house leaders adhere to their
expressed determination to force the pass
age OF the currency bill, made public to-
day, clash between the two branches of
congress seems inevitable. So radical arc
some of the objections to the house bill
urged by members of the senate finance
committee that only concessions from the
house leaders will make possible the en-
actment of finance legislation at this Sos
sion. Singularly enough. IL is the pres
ident's plan for the protection Of the gold
reserve or for breaking the SO called END
less chain" that meets with strongest oppo-
sition from members of the senate finance
committee. There are other differences
of opinion, but this feature of the house
bill is most unsatisfactory to the sona-
tors.
The bill drawn by the house caucus COM
mttee on currency reform Is substan-
tally the measure outlined previously
with the addition of provisions for the
coinage Of subsidiary coin and shifting
OF the tax on National banks from note
circulation to franchises.
Members OF the senate finance commit
tee are not satisfied with the manner In
which the house bill declares for the gold
standard and they argue that this house
provision would be offensive TO many OF
the republican members OF the upper
branch who are conservative in finance
II not indeed. somewhat in favor of sill
YER They declare that there is no actual
need for anything further than reirera-
ton in statutory terms of the provision OF
| law which makes gold dollar of certain
weight and fineness the standard unit of
| value.
| II Is this impoupding OF greenbacks.
| however, in pursuance Of the presidents
| plan for breaking the so-caled endless
chain" that meets with strongest oppo-
sition from members of the senate finance |
committee and other lending republican |
members OF that branch. lney argue that
TO place the greenbacKG in separate fund |
and leave them there unless exchanged Tor
| gold would act as a contraction OF the |
circulating medium. The senate proposi-
ZION is TO increase the gold reserve TO |
$i1u,000.0O0, permitting the Tree exchange |
OF greenhacks Tor god until tnis reserve /
has been depleted TO 100000 600 when, II [
necessary. bonds viii be issued to pace +
the reserve back TO Sl5O0OO,00o.
There Is disposition on the part OF
some of the senators to accept the presl-
dents plan and pay out no more green
backs except for gold when the reserve has /
been depleted 10 500 600 but to begin /
the free exchange Of greenbacks for god "
as sooH as the bond issue has Increased .
the reserve to the $3.50, 100000 requirement. /
IT. is said that members OF the senate
finance mittee--among them being Mr..
Burroughs OF Michigan, who Is a stanch
supporter OF the administration In all or
binary aflairs-will insist upon the inCor-
poration OF the foregoing In the currency
reform bill before they viii permit It's en-
actment into law. That being the case. IL
Is possible that conference committee
will be appointed before the differ
ences in the two branches are adjusted.
This will he obviated. however If mem
bers OF the house are willing TO make some
concessions. for 1t Is the desire of the SEN
ators to avoid prolonging discussion OF
finance during this session.
However, pressure Will be brought to 4
bear. for the administration is keenly alive c
to the political Importance OF taking
decided stand On the money question, and
IL need not surprise any one II bill es-
tablishing the gold standard Is passed be-
tore the Christmas recess. This measure
is Intended TO satisfy Palmer and Buckner
and other goldbugs and enlist their sup
port for Mckinley next year.
Palmer Is here now urging the president 9
to insist on the gold standard. In an In
teryiew he says that Bryan will be the ,
next democratic nominee and he pays the
Nebraskan the compliment OF further say
ing that he is sincere in his advocacy of
bimetalIsm and will Insist on silver being
restored to its proper place.
Washington, November 2s.-The hnan-
oial bill prepared by the republican eau
Gus committee, which met at Atlantic City I
last spring. was made public today by
the committee. It's text follows: {
A bill TO define and fix the standard OF
value TO maintain the pariSy-of all forms
OF money issued or coined by the United
States and for other purposes.
Be II enacted by the senate and house
OF representatives OF the United States OF
America, In congress assembled that the =
standard unit OF value shall as now, be
the dollar and shall consist of % $40 4
grains OF gold, $40 fine, or 232i-100
grains OF pure gold. being ITO part OF the
eagle. IL
Section 2. That all interest bearing
OF the United states for the
payment OF money, now exist lg or here
after TO be entered Into, and all United
States notes ana treasury notes igsued I
deemed and held to be payable in the gold q
coin OF the United States as defined in g
section l OF this act. ana all obligations,
public and private for the payment OF !,
money shall be performed In conformity I
with the standard established in said {
Continued ON second PACED Il