New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-22
AGAINST THE HATCH BILL.
SENATOR'S DANIEL AND WHITE MAKE
VIGOROUS SPEECHES.

AND HARsH-sENAToB wAsHBuRN AC-
CEPT1NG AMENDMENTS AND sTRIK-
ING OUT SECTIONS.
tBY TELEGRAPH TO THE IKIBUNEI
Washington July 2l.-The fight In the SENATE
AGAINST the Anti option bill continued today IN
two exceedingly spirited and emphatic speeches from
Southern Senator'S Mr.. Daniel, OF Virginia. hmsheu
the argument which he began late yesterday "l'e'
noon denouncing the pending measure ms oohoAio"'
TO every sound principle Of legislation ana u every
theory OF Federal power advocated by the Dehoora'
party. After di.posng Of the Anti-opuon DILL WI,
Daniel turned his attention to the plank III the ''n
cago platform demanding the repeal OF the Federal
tax of 10 per cent on state bank issues. le "ouio
offer an amendment to the pending DILL ne s"iu'
repeating this tax Mr. White, OF LOUISIANA was ''o
other Democratic orator against the HaNh eono"e
He attacked Il bitterly unconstitutional anu III"
Democratic as well as thoroughly demagopc ana da"'
oerous THIS was Mr. Whites first attempt NJ n
long speech In the Senate. and the impression 'e
n,ads was a favorable one. The Louisiana senator
aid NOT finish his speech and will go on to-morro",
Senator Hiscock will follow with another crucis' VI
the bill when Mr.. White gets through oen"'o,
Aldrch will probably take advantage OF the proo"so'
debate to make his promised speech on inc fi"""''
Committees recent report retail prices ana ""so9
lie expects to find sufficient time ELMER Oh
or Monday. . NJ
Many amendments continue 10 be offered TO MT
L.,
wasbburn,s bill and Mr. wsshburn himself Is ready
10 accept almost any modification that Is susses"u
In the hope Of getting the Dill INTO conference
come shane or other. Whether final vote on tns
measure can be reached not before the ad'ourhne"
~ the session Is still perplexlng question:
At O'Clock, when the bill was taken up 'lr'
Nashburn moved to strike out Section H. "h'oh "e
said no had never regarded essential III required
every man who possessed the property cSouaho
who dealt in futures TO take out license anu NooP :"
record that requirements were certainly
him but as IT might in some cases prove 10 pe an an
,oyance or embarrassment, lie ulouen' ~ "''e " W
Ii stricken out entirely.
M action WAS taken on the amendment, and
Mr. Daniel proceeded with his argument against the
bill which he had begun yesterday lie thoush'
1 strange TO see members OF the Democratic party
llyng themselves with so-called TAX measure
which was for everything else but revenue. IL ap-
peared TO him to be an exceedingly harsh measure.
1t required license fec Of ST. from dealers
In futures with so much per pound. or per buShel.
on the quantity. involved. And everybody who en-
tered into such transaction was to be treated as
broker. or a member Of a stock exchange
section 10 was section Of penalties to infct
One and Imprisonment on any person who violates
the provisions Of the act From what code OF penal
statutes did this free American republic gather
the idea OF piling up fine Imprisonment on trans
actions that were acknowledged TO be legitimate,
that were licensed by the Government and favored
by It's patrOnlzng power lie had been glad u hear
that the senator from Minnesota was willing 10
have the 18th section struck out: and when that
was done it would be also necessary TO strike out
certain portions of the 18th section. He regarded
the bill as an abuse of the power Of taxation and
he would offer In connection with 1t an amendment
to repeal the provision Of law imposing tax OF
10 per cent on the circulation OF state banks.
On this subject. Mr.. Daniel gave statistics as to the
per capita of available and loaning capital in the
various States showing that in the Southern States
such per capita capital was not one-tenth or one
twelfth Of what 1t in the Northern and Eastern
states 1t impossible he said for the southern
States to procure suclency Of capital through the
National banking system That system had fulfilled
It, function 1t going out Of existence eX neces-
state rel" The time was iipe and the hour had
come when the Government ought to restore the rights
Of the States to such financial facilities they
could themselves invent for purposes Of domestic
He admitted that there prejudice in mos com
munites against the revivng Of State banks but the
removal OF the 10 per cent tax circulation would
not, OF Itself, revive them. Ii would ONy leave each
state 10 decide the matter for Itself II the state OF
Massachusetts, with circulation OF 1903 per capita
should say that she did not want any State bank circu
lation that all well and good; but II Virginia
with s24 per capita Mississippi with IS. or Arkansas
WI 50 wanted State banks. was II not an exercise OF
despoc power for Congress TO say they could not have
tEem'
In conclusion Mr. Daniel said "Trust the people.
Government Is experimental. II IS not an exact
science The greatest, the brsveSt, the bOldest and
the wlseS people those who not afraid 10 ex
pertinent and to attempt. Do not fear those States
but leave to them the light to Judge for themselves
In the matter OF banks"
Mr. White next addressed the Senate In opposition
to the Anticipation bill Tho votes taken he said and
the general line Of argument seemed TO indicate that
there was probably majority sentiment in the Sen
ate in favor OF H. He should hesitate 10 make any
elaborate discussion to the constuonaty or
legality Of the BILL 10 its wisdom, II he were not
profoundly and personally conscious Of the fact that
In his judgment there had been a per
ncious, more vicious more fagrantly uncOnstitu-
tiona piece of legislation brought before the senate.
There had never been piece Of legislation before the
Senate calculated undermine and destroy the
foundation Of the Government or more calculated 10
do untold and unreliable harm TO the American people.
1t full Of gross financial and business hercsies.
Its effect would be TO reduce the price OF agricultural
products to every producer.
The senator from Minnesota, Mr.. White said, had
moved 10 strike out the twelfth section, but would
tain the thirteenth section keep vested in the
officers Of the Government the arbitrary powers Of
search and Investigation. The purpose Of the bin was
TO strike down contracts entered into under the aegis
OF State law II II did not assert that power 1t did
not assert any power lie challenged any Senator to
rise and say that the power existed in the Federal
Government to go into state and destroy contracts
made between citizens under the protection OF their
laws-cOntracts entirely outside Of the domain OF
Federal Jurisdiction. Could Congress, he asked pass
laws regarding marriage in States Could ii pass laws
regarding divorce. title to property Inheritance by
will Could Congress usurp all these great functions
which the states had reserved 10 themselves a
necessary part OF the existence OF STATE government
Congress could not do that he asked by what author
lily 1t could pass the pending Bill
The only semblance Of constitutional authority
which the bill had was, Mr.. White said. the 10Th
Section, and yet the senator from Minnesota had
climbed up that tree under which the senator thought
trade was TO he protected but under which he (Mr.
White thought death and destruction 10 trade and
nd hid hinlseI ~