New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-08-25
SPRINGERS LIGHT SHINING.
TURNING DOWN DOES NOT AFFECT HIM.
THE Ex.pREMIER SETS HIS NEW COMMITTEE
PROMPTLY AT WORK. AND HAS
LOTS OF 1T CUT OUT.
IBY TELEGRAPH TO THE TRIBcSE.1

IBY TELEGRAPH TO THE TRrBcNE.1
Washington, Aug. A."Ex-Premer" Springer mas
already justified the predictions OF his frlends ~
promptly calling his committee together ana
setting 1t at work. His appointment as chairman
Of the Committee on Banking and Currency was one
Of infrequent cases in which an once seeks
man who does not want It; but that will make little
| difference to him, as was clearly SHOWN y! h's
prompt action to-day. He laid before the commit'
tee the bill which was introduced by Mr. Johnson
Of Ohio several days ago. and which provides for
the issue of United States notes upon deposits OF
United States bonds by the owners Of the same.
The bill was discussed for two hours and variety
Of opinions expressed.
Mr. Johnson, who is a member Of thu mniittee
afterward said that he felt greatly enc dragged at
the prospect and confident that the bill would
be favorably reported at an early day, and without
material amendment. Chairman Springer expressed
a like opinion, and 1t was remarked that Mr..
Walker. OF Massachusetts,. had favored the meas
ure in the committee. Mr.. Brosius. Of Pennsyl-
yania spoke In favor Of amendment which he
offered providing that United States notes In de-
nominations of $50 shall be issued on deposits
OF gold by the owners Of the same. Mr. Warner. Of
New-York spoke in opposition TO the bill. taking
the ground that the notes issued on deposits OF
bonds would be nat money, because based upon
promises 10 pay whereupon Mr.. johnson wanted 70
know whether the circulating notes OF National
banks are not based upon the same security. Mr.
Warner admitted that such was the case, but in
sisted that those notes also secured by all the
other assets of the banks.
Mr. Sperry of Connecticut, also opposed the bill.
and Mr. Cox, OF Tennessee, intimated that ne could
not support the measure unless a section should %
added repeating the tax State bank notes. It 70
probable that other Southern members OF the COM
mittee three of whom, together with Mr.. WARNER
of New-York voted for repeal In the last Con-
gress. will take the same ground MT. 1'gason
voted against repeal last year. and ne sai" o''ay
that he was stirl opposed TO IT, but that ne wou,o
not object to favorable report from the commit-
tee. while reserving his right 10 oppose '"' P''PS"
ton in the House.
There Is some uncertainty as 10 how ne corr
mttee will stand the question OF repe ulng ue
tax on State bank circulation. IL Is eNpe'teu ""'e
the six Republican members-Messrs. "Hkes w
Massachusetts; Brosius. OF Pennsylvania Hen
derson. of Iowa; Russell. of Connecticut ha"se'
of Wisconsin and Johnson, Of lndana-Nn voUs
solid,v against it. Messrs Walker ana Hsh'
derson were recorded in the negative "heh VI.
proposition was brought forward in June, iSs
At the same time Messrs Johnson. OF ONO ana
Cobb of Missouri who now Democratic me"-
bers of the committee voted In the negative e"s
Messrs Cox, Of Tennessee; Culbersoh % iunS'
Ellis OF Kentucky: Cobb OF Alabama ana -
ner OF New-York, voted in the ahirH'ao'e
the new Democratic members OF the oni"" ,
Messrs. Black. OF Georgia. and Hail. Oh 80,
favor repeal. Mr.. Sperry, OF CONNECTICUT -,
to be opposed TO IL, and the ATTITUDE vi N"
Springer is regarded as uncertain IL seems 10 The
able that IL the Johnson bill Is repoor,teu ,nr the
House next week it will carry a provision" ''' Wv
repeal of the tax. -, ~, mean that his COM
mtse shall suffer the want hat Of as soon as the
90, ana ne there,V .nnoared of work shall be begun
Spon hen %sa sa. 70
FORM the curren essa,arv system upon SOLD ana
10 place P bass 50 as prevent recurrence OF
snuutinf yates in the future Is salo tnns
financial pane' Ibis great measure the Sangamon
sa,ors obn ns 0eT mis- ana sg
gesSns OF that they shall be invited to APP
pear before tne - Is already plain that Chairman
Springer Pc to hide h rom sn The Ss
bushel on a tbe Ways and Means COMMITTEES.