Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-08-31

The friends Of honest money were filed
with appsehension uhsn Congressman
Springer vas announced - the nev eh air-
maa Of the committee on banking and cur
rency. While this setioa on the part Of
Speaker Crisp vss recognized - cop to
Csrberus, Intended to sppesse the wrath Of
Mr.. springer At being deposed from the
committee on ways and means, it vas felt
thai IL Vas "a unwise action involving
aeubsfai consequences 70 our currency and
banking system. Little was known Of Mr..
springef's views upon these important q7es-
ions but from his faliacious views and En-
ratio eousss upon tariff questions, there was
Z general impression that he would fall a
ready victim to all manner Of Wild cat
financial schemes. Ii was felt that
Speaker Crisp in giving him his prominence
Ia banking and currency questions conf
IDENTIFY counted upon bis support Of the
move 10 repeal the ten per cent. tax upon
the Issues Of state banks. This was in &C.
eoraance with the national Democratic
platform, to whose tensts Mr.. Springer
was supposed to subscribe with humble
submission. He was promptly and gener-
ally quoted a. heartily ia favor Of such
measure. But mistakes are sometimes
made in the calculations Of the most aatute
politicians, and Mr.. Springer has served
n,,ice upon the sdherents Of wild-ca
money that he il not to be counted - one
Of them. He Gays;
FOR my own part, Il am opposed to the re-
movsl Of the tax upon state banks. do
90. believe in going TO the days Of the old
state banking system and OF being com
peiled to have ~ different kinds Of curren-
ey In tais country. remember well, when
. young man, what great difficulty there was
in transacting business, because Of the diff
fefent kinds Of currency. The removal Of
the tax on state banks and the re-establish-
ment of the old system would be an obstruc-
ton to business. /, for one, am against it.
and I do not believe that such bill
can pass, / believe in q currency that is
~ good in one state A. smother. do
not wish to be compelled to trace
every note that l receive in book to
ascertain whether the banks by which it pre-
tends to be issued Issues notes Of that denomi'
nation. whether the bank has too much
capital and to trace 1t down as we did in the
old days. favor q stable currency, good
alike in all the states, accepted without
| question everywhere, familiar to the PEG
pie and printed upon such paper that coun'
| terfeits can be readily detected. Amy otheI
| currency 10 obstruction TO business, and
shall oppose it,
In taking this sound position Mr.. Spring
er has raised himself very much in the est
nation of the friends of honest money. In
cidentaily he throws strong side light up
| on the rottenness Of the Democratic national
plftaorm, some of the most prominent plank'
of which are already beginning to be re-
pudiated by party leaders. lie also gives
courage to the friends Of sound money by
announcing that, nots i,hstanding the gen
eral impression to the contrary, he believes
that there will be small majority
in his committee against the repea
of the ten per cent. tax. II Mr.
Springer stesdfastly adheres to his present
views he 10 in position to be Of great value
to the best interests of the country.