Pine Bluff daily graphic., 1901-12-01

demanding the cable, and the mer cantlle interests of the country will probably bring pressure to bear upon congress sufficient to force action.
 The Ship Subsidy Steal. l Senator Frye, of Maine, and Sena- tor aHnna, of Ohio, have repeatedly de- clared during the recess that this l congress would pass a ship subsidy bill. The bill of last session has been 1 modified, but it cannot be told until it is introduced and it's provisions scanned whether the modified meas. ure meets the objections raised against the old bill by an influential l faction of the Republican party in the house. It is the general belief that some kind of a ship subsidy bill will be passed at this session.
 Purchase of Danish West Indies. In addition to these important mat ters, the purchase of the Danish West Indies is likely to receive some atten-
 
 tion. It is understood that negotia- lions which have been conducted for months past have reached point where they may be carried to a finish here i'll Washington. The difficulties 1 that beset the agreement have beer gradually eliminated one after the other, until there is good prospect of an early final agreement If acquired. these islands will undoubtedly become part of the territory of Porto Rico the nearest large body of land
 Reciprocity
 The reciprocity question is certain to give the session much concern. While there is a very general senti- ment in favor of reciprocity, there are a variety of opinions as to how far it should go, and what it should em- brace. The trouble will be to reach basis of agreement. Local and sel- 1 fish interests are bound to intrude 1 themselves, and make it difficult to reach q conclusion that will bring tho , desired results.
 Gold Standard Law. i One or more bills will be introduced in the house to supplement and strengthen the act of March II, 1909, l known as the gold standard law. Mr. i Ovefstreet of Indiana. who is regard ] cd as the author of the gold standard law and.9 member of the banking committed has prepared a bill the purpose of which is to require the sec demand gold coin for standard silver dollars The present law makes 1t the duty of the secretary to maintain all forms of government money at parity. but leaves much to his discre- tion, and it is with a view to correrct ing this and making the exchange mandatory that the Overstreet bill has been prepared.
 Reduction of War Revenues. The question whether or not tho war revenue taxes should be reduced may lead to a lively fight among the Republican members of the house ways and means committee. Chair man Payne favorS a material reduc- tiou and intends to introduce bill providing for the cut On t e other hand, an important faction of he con- mittee led by such influential mem- bers as Representative Hopkins, of Hi nois. and Representative Tawney. of Minnesota. are opposed to any deple- | tion of the revenues until all the gov ernments financial necessities are as serted and provided for.
 Presidents Probable Policy.
 Just what course President Roose- yelt will take respecting these many matters will, naturally. not be known until his message is submitted to con gress Monday. His intention to fol low out the policy mapped out by President Mckinley will probably be followed, though many Republicans as well as Democrats. seem to be Of the opinion teat he will go little further or rather. conduct more Ci an aggressivc policy that that of the late president