The sun., 1892-12-17

The Banking Committee Disusses the Qucs-
tion, but Both Arc Awaiting tho Result
OF the Monetary Conrercnce-A House
Committee Considering the Question of
Changing the Present Mode of Eecting
the President The Press club Banquet.
WAsHNGroS. Dec. 1G.-Two committees OF
tho House are now wrestling with tho pro-
posed repeal Of the Sherman law and watch
ing the proceedings OF the International
Monetary Conference at Brussels. These two
committees are the Committee on Coinage.
Weights, and Measures. and the Committee on
banking and Currency. Mr.. Hands Coinage
Committee has before 1t now the Williams
bill. proposing n repeal Of tho Sherman net.
and the Banking Committee. OF which Mr..
Bacon Of New York is Chairman. has tho bill
introduced n few days ago Ivy Mr. Andrew of
massachusetts entitled "A bill to increase the
circulation OF national banks and for other
purposes" One of these other purposes is
embodied In section 4. which repcals the
sherman Silver Purchase act.
The Banking Committee held its FIRST meet
ing OF the session this morning. There was
bare uuorum present. and no action astaken
save to call up for consideration the bill Of Mr.
Andrew. There was an informal discussion OF
the silver question. but tho uncertainty OF the
outcome OF the International Monetary Com
florence prevented that freedom of suggestion
that might have otherwise occurred The
members .! the oinago Committee ana OF tho
Banking Committee are pretty nearly in ac-
cord as to what may he expected OF the con-
ference. Chairman Bland OF the Coinage Com
mittee has already expressed his belief that it
would amount to nothing. nnd after this
mornings meeting OF the Banking Commit
tc" Chairman Bacon. when asked about mo
Conference. ,lryly said:
ut is avery respectable body of gentlemen.
who will hnl!n nnmbcrof m.etinSs; don ,;;t Errnt
The Ranking committee adjourned today
to meet on Ian. q. Chairman lincon said that
he did not know how the committee stood ona
proposition to repoa the sherman law. as
meeting that the discussion, even had il been
full would ncce sarily not have been c4ncln-
said that i've thought Tie committee would iako
up the Andrew bill seriously after tho ho'i,
a"yI a o"E aaA for Sn.Gr Gy at s did
low about the sherman silver act"
"li YOU wsro 4 business man YOU would not
same way when you saw what yom hal a"-
cumulateh steadily going down. The Treas.
SILVER il now holds Is worth. and the rricr ~
Sill going downwaEd II yoH hat Stocked .lP nr
on, ,' and i, we're still i"syns on on. You Would not
The Andrew bill referred to authorizes
to the full amount OF their bond deposit, re-
duccs the deposit Of United states ate, bond. re-
lunks having capitalization of $IU.uuu or
less. and $1,000 in the, case Of banks with Il
Of onc-lalt rrr cent, rer year imposed uron
nntioual bank circulation - repealed. as Is
also the sherman Silver Purchasing act
The Senate Foreign Relations Committee TO
day continued its consideration Of the Mica
rugua Canal bin. which has held its atten-
tion the greater part OF the week. The full
colnmittt. was present. auu the main feature
Of the till. namely. the government Gnaran-
tee Of the loan. WAS again discussed nj length
h> members; but without arriving IA, any con;
clnsion the committee ,adlonrncd. The bin
will probably come ~ from day TO day. and
will be in shane I" h", reported to the senate.
There is lit;l. doubt bat that i: will receive
favorable. cons liberation in COMMITTEES" and
Senator Morgan Is on record "a saving that h"
intends to push the inca -ure to vote N an
early dav i'll the senate. lie : confident OF its
llMal passage.
Bya unanimous vote Of all the members
day decided to report in favor Of Edward >cull.
tho Eepublira sitting member from the
Twentieth, PENNSYLVANIA district in H." con-
the the Democratic c"n,ss,nn'. The '%ommitteo
il negro lterubl lean from h" iHuOu~ Shoe
string" district OF south Carolina. This is the
last case before the ronimittec
The question Of clecting the President and
Vice-president by the direct votes Of the reo-
pie. as embodied in several resolutions on tho
subject. was again considered by the House
Committee on the Election Of President and
Vice. President to-day. The resolution intro
duccd Yesterday by Representative" De Ar.
i,Onu OF Missouri which presents some novel
IDEAS on the SUBJECT. was referred t" SUI.
committee tor consideration. Representative
Patterson Of Ohio was before the committee
and made strong speech in favor Of an
umcndment 10 tho Constitution iinting the
Presidential term to 1--WE years and making the
t,lI ala
ally the question of the election of Senators Nv
the popnl ar roi" came ~. and it was stated
10y a member Of the committee after The meet
ing that it was hoped vote on the question
would be reached after the holiday recess.
The detail OF Capt. II. D. Borup. Ordnance
Department. to duty nj tho Worlds Columbian
Exposition in connection with the exhibit Of
by army officers in Washington as II vindca
ton Of his conduct while military atluch6 to
the nited states Legation at Paris. Can't.
HOlup was recalled from that duty at the IN
stance Of the French Government IN account
Of the alIGE"d sale OF pnns OF Trench sea
and Italian armies.
The National Capital Press Club. at it's benc-
III matinee performance to-day in Albaugh's
Opera House. scored Il phenomenal success.
dramatically. pecuniariiy. aud socially. Both
Houses of Congress adjourned t" 10 honor 10
the nson nnd nEiornm = ?t ,t enGi was pres,
special trains FOR the accommodation o: tho
performers Some Of the most distinguished
profes sionals in the country volunteered their
services. In the list we're William II; Crane
and COMPANY. Mt {: Goodwin. Robert Man
fougSre and McNiclpl. ard Master Cy-
iii Tyler. tho boy soprano. and tie
Marine band. under its new conductor. Fan
ciuli. over $1,000 was taken in bl advance
sales OF tickets before tn" doors We're opened. |
II was porhnrs tho m"st notable entertain.
and actresses who took part IN the entertain
nent had II special reception hY President
Harrison in his private o'li"o IIst pror Ia the
opening Of the pcr'ormanr", The Visitors
were introduced individually. md the presi-
dent had Il happy word for each II" gave each
Uf IL" ladies a flower from large bouquet,
rrivuta Secretary lIaiorh attended the per
formNnce as the representative OF the Prcsi-
dent.
one Of the speeches al the Press Club enter
;ainment to-day is subject Of discussion in
political circles tonight. II was the speech
delivered by Representative Fellows Of New
York. EX-.pcakrr Reed had been invited TO
sreak IN, he declined AT the last moment. and
ti,r task was undertaken hv Mr. Fellows. Mr.
Ielows's address was witty enough and bright
int. an n a