The times. [volume] (Richmond, Va.) 1890-1903, 1892-07-22
BIG LABOR SENSATION.
THE FAIR BLUFF CALLED DOWN.
Senator Daniel Makes Plea for State
Banks-Ths Auti- Option Biii-wash-
ington News in General.

move 10y Hayes aud Devlin. of the Knights
of labor executive committee. They tele-
graphed the House Worlds Fair Committee
demanding hearing, and threats to boy
colt the Fair. To-day they were given
hearing. President Palmer. Director-Gen-
ersi Davis and General st. Clair. chairman
OF the Legislative Committee of the Worlds
Fair. being present. General ST. Clair
openly charged that Devlin and Hayes had
endeavored TO get $4,000 as the price OF
Knights OF Labor support OF the hye million
appropriation. He said Hayes came to him
here in Washington and offered 70 lobby for
the appropriation for $4,000. Hayes wrIg-
cled but had 20 confess that General 81.
Clair was right. Hayes only defense was
that il would have cost as much money 10
work mp labor support Of the sir. and he
thought that no and Devlin rs ohiet ofhcers
of the knights Of Labor ought TO be COM
pensated for time and expenses. They
agreed 10 withdraw all threats and all oppo-
sition 10 the appropriation, and went to the
humiliation of contessing that they had no
knowledge Of any discrimination against
organized labor by the Fair managers. The
development has put the Knights OF Labor
In an awkward position.
MAJOR DANIELS ABLE sREECH.
In the Senate to-day Mr Daniel resumed
his speech against the Anti-Option bill. He
laid down the proposition that no one man
ought ever 20 be taxed for the benefit OF
another. nor ought one class he taxed for
the benefit OF any other class. He could not
comprehend how any Democrat could sup
port the pending measure IN view of the fact
that the party had solemnly declared against
such misuse Of the taxing power. Senator
Daniel characterized the bill as a very harsh
measure. The Senator proceeded 70 read
the provisions OF tho bill and discuss
4 rafu
10 the several amendments offered by
friends OF the bill. all tending TO make ex-
ceptons 10 the interdictions contained In
the measure, as confession Of is weakness.
He said the bill proposed to initiate new
method of business transactions entirely
different from that which has existed since
the establishment of the republic. and TO
afix hardships 10 the attainment OF
euoh transactions Dir. Daniel said the most
rnischievious of all transactions for which
farmers suffer are not interdieted by the
bill. that the bill has no feature TO prevent
capitalists or spectators from boarding
grain or other products in elevators or ware
houses for the purpose of affecting prices
and making profits.
PowERs or TAXATION ABUSED.
Mr.. Daniel pronounced the bill an abuse
OF the power of taxation. He said be pro-
posed to offer an amendment to repeal the
existing statute which imposes tax OF 10
Der cent. on the issue Of State banks. He
added that all the States were not
alike il regard to their need of
circulation: that the Southern States are
differently situated in this respect from
those of the North and West and be ap-
pealed to senators from Northern and west
ern States 10 overcome any prejudice they
have against State banks and TO calmly
of the South Mr.. Daniel read statistics
showing the amount of loanable capital in
the different States. ln New YORK and the
: Fas. this capital ranges ia some states TO
over $500 per capita. while IN virginia the
total ioanable capital is only S43. 600, 900, or
S25 per capita; in North Carolina only S647
per capita. Senator Daniel next proceeded 70
show how rapidly the national bank orcu-
lation il being withdrawn, In some years
that circulation was withdrawn OIL the rate
of $50. 900 600. As the Government
is paving off its debt the ma
tional banks must retne. and the
Government should restore 70 the
States the right to charter banks. The
Senator referred TO the Supreme Courts de-
cision sustaining the right of the Federal
Government 10 tax the issue Of State banks,
but he said il was done as an exigency OF
war In 1864 Congress insuRu-
rated its policy of taxing state
banks. the tax levied being
per cent. That was "a feeler intended to
discover the extent of State bank circula-
IL
struotion in 1868 a tax Of 10 per cent. on
bank circulation was imposed. That de-
stroyed State banks and eliminated over
5000 900. 900 Of currency.
no LONGER SOURCE OF EEyENUE.
The tax is no longer a source Of revenue.
The State banks are extinct. The neoessl-
ties which demanded the tax have passed
away The national banking system when
supplanted the state banks Is passing away
l. al
had arrived 10 remove all Federal burdens
upon State banks He said ne
knew there was prejudice in commercial
centres against State banks. ia the state
OF Virginia such "A prejudice exists IN some
places, but Congress IN removing the ~ pg!
cent. tax does not create State banksi II
would leave il with each State TO determlne
its own necessities as 10 banks and circuia-
tion and to provide for them.
New York might not need State banks, Du'
Virginia does. Mr.. Daniel appreciated the
fact that there would be some INCONVENIENCE
sutailed. that il il inconyenient when cross
ING from one State 10 another TO have 70
shift with "a local currency, but 1t was much
more inconYenient b. have no currency 10
6hift with at all. Senator Daniels plea ior
State banks impressed his now-senatoIs .
as il showed the peculiar need OF the eouth
for some resource from which 10 obtain
money for crop purposes
MR. COMPTON DECLINES REELECTION.
Representative Compton, Of the Fifth
MARYLAND district. has issued an address 70
his constituents announcing that no wal
not be a candidate for denomination. Mr.
Compton has been four times nominated
without opposition aad elected each time
though in the last House his seat was stolen
from him by the Republican majority. JIG
retires. be says, because his health wiiI
not permit him to make such "a canvass as
will be necessary in the coming campaign
Sir. Compton declines in face OF the assur-
anco that he can have the nomination
unanimously. The convention is 10 meet
at Laurel on the Path proximo. and the dele
gates have assured Mr. Compton that II ne
would accept the nomination no othei
name would be mentioned. Many OF the
delegates are in favor of nominating comp
Ton despite his announcement
WASHINGTON NOTES.
The passage OF the bill to increase the pay
Of lne-saving crews gives general saSlsiac'
ton. though ii falls short OF what ought 70
be done for tho men who risk their lives foi
others. The bill Is compromise really, as
It allows the keepers only $500 per year
and the surfmen S65 per month while
employed. The credit OF getting tho bill
through belongs To Hon. John j. O'Neill.
OF st. Louis who. though representing d
district remote from the seacoast, under
stands the nature OF services required from
H. "a -an~y a.. = Al