Reform In Finances

Washington, Nov. 10. - President Cleveland Is considering the financial portions of his annual message to congress. He has been in consultation vvith Secretary Carlisle and Postmaster General Wilson regarding the prospecevenuee and expenses of the government, as well as the reforms that are necessary to the present system, and his last annual message to congress will discuss these matters in detail. The president will, as heretofore, recommend the retirement of the legal tender notes of the government, so as to take the government out of the banking business, and make it impossible for speeulators to drain the treasury of gold by means of an endless chain of greenbacks and Sherman notes, whlch must be reissued as fast as they are redeemed. In order to avoid any contractoin of the currency It is part of the administration's plan to have this redemption of legal tenders accompanied by amendments to the banking laws, so as to enable the banks to issue a larger volume of currency, which they will be compelled to redeem in gold on demaná. Whether the president will make any recommendations regarding increased revenues is uncertain, but he will thoroughly discuss the revenue situation and will doubtless take occasion to point out that the principal reason for the failure of the present tariff law to produce sufficient revenue is that it haa been in operation during a period oí great business depression. The Dingley Tariff HUI. Althoug-h an effort is to be to pass the Dingley tariff bill through the senate at the coming session, there is great differencee of opinión among Republicans as to the wisdom of this policy. Representative Dalzell of Pennsylvania, one of the Republican members of the committee on ways and means, in the house of representatives, who was in Washington Tuesday, said he doubted whether the Dingley bill could be pushed through the senate. Mr. Dalzell, who is an extreme protectionist, favors having the ways and means committee of the house take up the tariff question at the approaching session and go into it wlth the object of preparing a general bill, which can be practically complete by the time the new congress meets, elther In regular or special session. He is strongly in favor of incorporatie the reciprocity feature of the McKinley bill in the measure, but there %vill be considerable opposition to this from conservative Republicans, for the reason that the tendency of the reciprocity provisión was to decrease revenues, and the tariff law enacted by the next congress must be, above all, also a revenue producing measure.