People's Pilot, Volume 4, Number 30, Rensselaer, Jasper County, 12 January 1895 — $500,000,000 BONDS. [ARTICLE]

$500,000,000 BONDS.

Administration Democrats and Wall Street Republicans Back of the Selieni™. GREENBACKS TO BE RETIRED FOREVER The All-Absorbing Tojjic is Thut of Financial Legislation.—The Tari ff a Back Xu in her. ABOUT THE ALABAMA FRAUDS.

From our Regular Correspondent. Washington. Jau. 4.—Congress is again in session, although there are many empty seats in both house and senate. The debate on the currency bill has been resumed in the bouse, but the majority do not seem to regard it with any more enthusiasm than they did before the recess. All sorts of propositions for changes in the bill and for entirely new bills are being privately discussed, but nothing has been decided upon and there is little in sight to indicate when anything will be decided upon. The most important of the proposed changes is one for a new bill, which is being engineered by a few administration men and tacitly, if not openly, endorsed by many Republicans. It provides for the issue of $500,000,000 in dV per cent, bonds, to be used for the retirement oi the treasury notes and greenbacks; also, that these bonds may be used as a basis for currency to be issued by both national and state tanks. It is claimed by those who are behind t his idea t! at President Cleveland stands ready to approve it, if it etui bo passed. Needless to say that the uitra silver men will light this idea to the last ditch. They regard it as a scheme to give the national banks a new lease of life. The reassembling of congiess was accompanied by two seimatioual stories. One that President C.eveland had about made up his mind to send a .special message to congress, appealing to the patriotism of members and askmg that a non-partisan attempt be made to adopt some legislation that will relieve the treasury, and the other that the syndicate of bankers which bought that last bond issue iiad sent one of their number here to ask that the president remove Secretary Carlisle, for having broken faith with . the bankers and for d ‘in >nst -ated incapa :ity. That last story may be heard from in congress, as there a.e people who would like to know something about a bargain made between the secretary of the treasury and a syndicate of bond buying bankers. The average politician never has any difficulty in figuring out just what he wants from any given situation. For instance, this is the way that ex-Senator Leggitt, of New York, sums up the presidential situation on the Republican side of the fence: ••Haven't you often noticed how frequently a race horse that gets off far in advance of the rest tires out in the stretch and fails to come in winner. That, I think, is appropriate to the present stage of the presidential Derby. Tom Reed is away in the lead of all competitors, ft is clearly the field against the man from Maine. if the convention were held to-morrow; or next week, Reed would get the Humiliation easily. But these conditions won't last. Harrison is not to be ignored, neither is McKinley, although the latter will never walk off with the prize. My guess is that Senator Aliison will be the lucky man. He is looked on as a safe, conservative statesman, big enough to be president, and he has not gone about with a club, bittinc pt-opie over the head, so that he has notaroused any antagonisms, 'ty-e Republicans are almost sure to go to the west for their candidate, and Allison is the most eligible man.” For twelve years Senator Allison has had similar predictions made of him, bui he has never been nomin-ited f >.• president. Ex-Congressman Sidney Clark. n<>w a citizen of Oklahoma, has joined Gov. Renfrow and his i.v’eiy assistants and will lend bis aid to booming the bill for siatehood for Oklahoma. TUe stn’ehood boomers would prefer that the bill be passed as it s*.a.ids, including a part of Ind iau Territory in the proposed stale, but if congress prefers they are willing to accept statehood for the Territory as it row stands. ••Statehood or bust” is th° ; r motto. Representative Bailey, of Te car, ’vbo ischairm nos the subcommittee which investigated the charges against J udge Ricks,

has been ill and is still unable to work. Consequently the report has been delayed and it is very uncertain when it will be made. Hon. J. C. Manning, of Ala., who is in Washingten as a member of the special committee appointed by the national committee of the People's party, to submit evidence to congress in substantiation of election frauds in the southern states, says he has received so many letters bearing on this subject that he proposes to issue a call for representatives of all the southern states to meet at New Orleans, January 18 and 19, for the purpose of considering the feasibility of organizing ballot right leagues throughout the south. The Nicaragua Canal lobby is disconsglale. It had figured" on rounding up enough votes during the holiday recess to make sure of the passage es the canal bill by the house, and, although its latest count of noses shows a considerable gain, there are not enough by a considerable number to pass the bill. Nobody need grieve over this, except tiio.se who have been spending money with the expectation of getting dollars for cents. It is altogether probable that the United States will eventually build the canal, but not likely that it will pay millions of dollars to a bankrupt company for that privilege.