People's Pilot, Volume 4, Number 29, Rensselaer, Jasper County, 4 January 1895 — FROM WASHINGTON. [ARTICLE]

FROM WASHINGTON.

An Interertlng Batch of Kewa From ttieCapllol. From our Regular Correspondent. Washington, Dec. 28. 1894 Sensational statements concerning whaj congress would do with the currency bill when ii resumed business have followed each other thick and fast this week and, although many of them were so that they aTe nos fßJrth mentioning, othttfs had h foundation based upsp truth. Among the last was the statement that the Democrats were so equally divided on the bill that the Republicans of -the house would lave the power of deciding whether the ,bill should be passed or defeated. This sound'd quite improvable when first nade, but when it was publicly . eiterated by J udge Culbertson, •f Texas, a member of the house v ommittee on bankiag and cur- .• mcy, it took on a different aspect. Judge Culbertson said: T believe that the Republicans ’rave it in their power to pass or defeat the bill, and I have no idea that they will help to pass t.” Another statement that is true is that the Democrats op iosed to the bill are tayitigto ;et votes enough pledged to deeat it in the democratic caucus hat is to be held next week, if they succeed there will probably be no caucus. • • • If it becomes necessary in order to prevent the outright defeat of the currency bill, without a vote in the house, to aban lon the proposed house democratic caucus it is believed to be ihe intention of the administration to attempt to duplicate the tactics adopted last year to pass the silver repeal bill through the senate. That is, to seek a combination between the republicans and the administration nen. In order to test the sentiment of the republicans and the administration men. In order to test the sentiment of the republicans in the house some of them have been asked by friends of the administration whether t ley would support the currency bill if the state bank currency section, to which the republic ns are unalterably opposed, were dropped.

Mr. Matthew Griftin, owner of •„a influential New York financial paper, is visiting Washing - im. He doesn’t take a bright new of the business outlook for l <95. He said: “There is absolutely no ground for believing that there will be any great improvement in business for the next six mouths. A great many People pin their faith to achange in the currency laws. I don’t relieve the adoption of anew monetary system would mend matters a particle. Europe is poor; is in want of money and unloads her American securities upon us, so as to draw upon us continuously for gold Our farmers are getting nothing for their products, and our railroads are not earning any money. What congress can do to relieve this state of things is

past my comprehension. * All we can do is to wait and hope. ” That congress could do much is oertain, but that it will do nothing appears to be equally certain to the minds of many of its members. For instance, Representative Walker, of Mass., who claims to have been the first to suggest the idea of extending the currency of national banks, which is a part of the Carlisle currency bill, thinks things are practically in a dead lock. He says: “Financial legislation at this session of congress is impossible under present conditions, the whole question being so strangely muddled by the administration, which does not seem to have any conception of what legislation is necessary to compose the finances of the country and especially to relieve the treasury from the con* stant demands for gold.”

• • • Chairman Springer, who is in charge of the currency bill, has served notice upon Mr. Bland that when he attempts to offer his bill for the issue of coin and coin notes by the government as a substitute for the Carlisle currency bill he intends to raise a point of order against it, on the ground that it is not germane to the question that will be under consideration, and from another source Mr. Bland has learned that the program is all arranged to have that point of order sustained and his bill thrown out. There is likely to be a hard fight on this question, as every democratic membor of the house who oelieves in the free coinage of silver will have to choose between supporting Mr. Bland’s bill and reversing himself. • • • The story of a serious revoluion in Hawaii, which was telegraphed from San Francisco his week, found few believers n Washington, and is thought o have no better foundation • ban the story of the arrest of a Few royal oonspiritors, particulars of which came by a steamer that left everything quiet on the islands a week after those arrests. • • • It is said that several parties i imposed of members of the house who are opposed to the Nicaragua Canal bill are enjoyi ig holiday pleasure trips at the expense of the canal lobby. Of course a little thing like that isn’t likely to change any votes.