The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-01-08
LIVINGSTON AT WORK.
he Proposes the Appointment Of q
Committee Of Inquiry.

he Proposes the Appointment Of q
Committee Of Inquiry.
WASHINGTON, Jan. Z. - Representative
Livingston of Georgia. who is now recog-
nized as the leader of the democratic farm
ers' alliancemen, agrees with Jerry Simp-
son, who is now recognized as the
leader of the independent farmers alli-
ancemen, that some new patent med
1cine is needed by the body pO-
litic. Representative Simpson Is preparing
a nostrum which he has not quite finished
Representative Livingston more modestly
proposes congressional investigation be-
fore he will attempt legislation. he offered
in the House to-day preamble recltinR the
distress and unrest among the people and a
resolution creating special committee OF
seven, Of which he would naturally be
chairman, to investigate and report upon
the following subjects:
l. The amount OF the national bank notes
outstanding; amount OF United States
bonds held by national banks; contraction
of the volume of national currency; rate Of
interest charged by banks and the profits
OF the system.
2. The amount Of contraction in every
species of currency since 1868; amount of
currency now in the United States, and its
location and distribution.
8. Amount of currency in kinds held
bv the United States treasury and by
national banks as reserves.
4. Volume of business transacted in the
United States during the year 1890 with the
amounts, based upon cash and credit.
5. TO what extent foreign is capital used
in the United States and its effects upon the
industries, the manner in which interest
aud dividends upon such investments are
naid and to what extent do such invest
ments control the products and labor OF
this country, and how and why.
6. Also to report amendments end sugges-
tions to the present financial system.
The resolution went to the committee on
rules. which, when Speaker Crisp recovers,
will probably report it favorably.
LIv1NGsToN's EXPLANATION.
When asked tonight for an explanation
of his resolution Representative Livingston
dictated the following: There Is nothing
| nartisau. sectional or local in it. If that
Investigation is held ali the facts in financial
matters will be brought out II the distress
of the people Of the country is due to IMAM
cial faults congress wants to know IL ana
remedy it. If not the people want to know
it so that they can look elsewhere lot reileI.
II will settle all this agitation. 1t will place
tba Facts before US and correct opinion can
he formed as to what is needeo'
II will bring congress and the
reonle nearer than they have been
for twenty years. We want to
meet the unrest at home with
facts and not with demagogy and decep-
ti9n. We want to show up the facts OF the
national banking system in order that we
can mend the system SO that the states thae
were not prosperous just after the war can al
ho1e currency as we'll as the
n.a.oa that were able to buy
| La,sJ and establish national
hanks II the facts warrant legislation Tor
anv particular class or section, then tney
are are entitled to it. II not, then the people
onoht to know it. All our people want Is
for congress to do what is right. Ihen WI we
shall get rid of all this strife and turmolE
We want to find the actual siIua'soh'
When we do the remedy eau be sppiieo'