The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-05-11
President Mckinley Said to Be Strongly
Inclined Toward Such a Move.
Wishes the Policy Of the Govern
ment With Respect to the Phil
ippines Defined and the Cur
rency Question Disposed of Be-
fore the Party Enters the Cam
paign of 1900.

NEW YORK, May 10.-A special to
the Tribune" from Washington says:
s The revival of the talk of an extra
session of Congress has more behind it
than idle gossip. The contingency OF
such session has been discussed at a
Cabinet meeting and a member of that
body who was present at the time is
authority for the statement that the
Presidents mind is strongly inclined
toward such a move. Two reasons con-
troll the President in this matter. He
wishes the policy of the Government
With respect to the Philippines defined
and the currency question disposed of
before the party enters the campaign
of 1900. The President has declared his
belief to his advisers that peace will be
established in the Philippines within the
next thirty days, and that the owner
ship and possession of those islands will
mo longer be disputed. This subject,
coming to him so soon, he does not care
to formulate a policy with respect to
their government the degree of homo
rule to be granted to them, etc, without
the aid of Congress in whose hands he
placed the whole subject in his MESA ge
TO that body.
E The President is unwilling to do any
NAlll5 lIdl W III ltSSGu ll0 pItSGIll pIOS-
poets of success for his party in the
coming campaign. He fears that any
thing looking like delay or indecision
will have a bad effect. For this reason
he wants the whole country to know
before 1890 exactly what the policy of
the Government will be with respect to
possessions in the Far East.
Another powerful controlling motive
that is actuating the President is his
strong desire to have early and posi-
tive action taken with respect to the
currency question. He is said to be not
thou oughly satisfied with the results of
the deliberations of the Republican
House caucus committee, which recent
1y formulated a bill for introduction in
the House when it eonvenes again AL
though the members of that committee
are unusually iettcent, it is understood
that the committee has not in all re-
spscts followed the suggestions of the
President. Four strong points were
brought out 'by the President and the
committee was thoroughly acquainted
with his position. These recommends
lions were.
First-A provision that will make the
so-calied endless chain caused by the
redemption of greenba clzs with gold and
consequent runs upon the treasury re
serve impossible.
Second-That national banks be per-
mitted TO issue circulation up to the par
value of the bonds deposited to secure
that circulation, instead of only so per
cent. as at present.
Third-A reduction of the tax on na-
tional bank circulation, the present tax
being l per cent.
Fourth-That national banks with a
capital of only $50, GOO be authorized to
be established in small towns, the ndn-
imum 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 as early as possible, so that
IL may not be a factor in the coming
campaign. This also appears to be the
view of the leaders.
Mr.. Aldrich, Chairman of the Senate
Committee on Finance, who has just re-
turned from Europe, in an interview in
New York in the Tribune" recently
said he would call his committee to-
gether as soon as possible, and, as he
expressed it, get right down to bust
ness"
This committee was authorized to sit
that not until the cool months of the
fall season would it really do any work
on the subject The declaration of