The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-05-11
And the Administration Desires Re-
Firmly Fixing Gold Standard.
VENEZUELA CASE DELAYED
ARBITRATION COURT WILL NOT
MEET IN PARIS TILL JUNE Ii.
French Government Investfsatfng
American Coal with the View Of
Adopting It for War Vessels.
special to the indianapolis Journal.

Special to the indianapolis Journal
WASHINGTON. May 1o.-On the return
OF President Mckinley to Washington he
will hold consultation with Representative
Sherman, who is due to arrive here some
time next week. relative to the proposition
to hold extra session OF Congress In
September or October. The President, tn
corimon with the majority OF the statesmen
in Washington. believes that Mr.. Sherman
will be the next speaker of the House and
naturally he Is anxious TO talk with him
as to the prospects Of the legislation which
he regards as necessary should be early in
tiated The President is more than ever
anxious that something should be done to-
wards securing a legislative declaration az
to the future policy OF this government with
reference to the Philippines. Porto Rico
and the Hawaiian islands are not giving the
President half as much trouble az the
Philippine group. He said to a congress
sional caller on Monday that he desires
above all things that Congress should ex-
press its wishes at as early day as poesi-
BILE and for this reason he can see no way OF
evading an early call for the assembling OF
the legislative branch OF the government
Besides this the treasury is embarrassed
because of the lack OF paper currency and
the administration is exceedingly desirous
that some steps should be taken as prompts
ly as possible towards the enactment Of .
currency law which will firmly establish
a gold basis. and at the same time furnish
ample mediums of exchange for the COM
mercial world. The correspondent here OF
the New York Herald reports the President
as not thoroughly satisfied with the results
of the deliberations OF the Republican
House caucus committee which recently
formulated bill for introduction in the
House when IL convenes again. Although
the members of that committee are un-
usually reticent it is understood that the
committee has not In all respects followed
the suggestions OF the President Four
strong points were brought out by the
President and the committee was thorough
ly acquainted with his position These
recommendations were:
First-A provision that will make the So
sailed endless chain caused % ad 6y tne ned
quent runs upon the treasury reserve i'm
possible.
TO issue circulation up 10 the par value or
the bonds deposited to secure that circula-
ton. instead OF only 30 per cent. as &C
Third-A reduction of the tax on national
bank circulation, the present tax being
Fourth-That national banks with a capi.
tai of only $4,000 be authorized to be es-
tablished in small towns. the minimum now
being $4,000.
Not being satisfied that the measure
formulated by the House committee meets
the situation, the President wishes the
whole question taken up and disposed OF az
early as possible. so that 1t may not be q
factor in the coming campaign This also
appears to be the view OF the leaders. nr.
Alirch, chairman OF the Senate COMMITTEES
on finance, who has j,lst returned from Eu-
rope, in an interview in New York fin the
Tribune recently. said he would call his
committee together as soon as possible, and,
as he expressed 1t, get right down to busi-
ness This committee was authorized to
sit during the recess. but it was believed
that not until the cool months of the fall
season would X really do any work on the
subject. The declaration OF Chairman AID
rich evidently indicates change OF pro-
gramme In his talks with senator's and
representatives. particularly those who in
tended spending the summer abroad. the
President has intimated the possibility OF Z
legislative emergency that would require
their presence in Washington earlier than
was thought likely when the Fifty-nffh
Congress adjourned. Although the Pres
ident Is extremely cautious how he dis
cusses even the possibility of special ses-
sion OF Congress. his advisers who ara
closest to him regard a special session as al
most an assured fact. The man on whose
authority the above expressions are based
is Of the opinion that when the President
returns from Hot Springs. where he is reSts
ing. he will permit it to become semi-offl-
cialy known that Congress is to be con-
vened some two or three months earlier
than the date for the regular meeting.
The French government is making In
quries as to American coal with n view 10
adopting IL for the use OF the French navy
Lieutenant De Faramond, the naval at
tache Of the French embassy here, was or
dered TO examine the American Goals which
are now in use in American war ships and
having completed his inquiry, is now pre-
pairing a favorable report 10 the French
Admiralty. The officer at Norfolk and Phil
adelphia examined the uses OF the kinds
used by the American navy. He also con-
ferred with Admiral Bradford. OF tho
Bureau OF Equipment. and learned the adj
vantages which. In the opinion OF the Navy
Department, the American Goals have A
letter from Admiral Dewey giving the ex-
perience OF the squadron at Manila and Civ <
ing the preference 10 American over Brit
ish Goals were submitted 20 him. Lieut.
De Faramonds observations lead him to
the conclusion that the American Goals
make more smoke but have less ash than
the Cardiff coal. which Is the standard the
world over. sss
The controller Of the currency has de-
cided that Judge Ewart. OF the Western
district OF North Carolina. is entitled 10 re-
celve the salary attached TO the off1ce from