The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-28

In the House next week:
Resolved BY the Senate and House or Repre-
sentatives OF America, In Congress assembled,
that a commission Is hereby authorized anc con-
stituted to consist of three Senators. to be ap-
pointed by the President OF the Senate, three
Representatives, To be appointed by the Spesker
OF the House of Representatives. and three ex-
United States, with authority to determine the
time and place OF meeting, and to take evidence
in Washington or in any other city OF the United
States, before tho whole committee or before
subcommittees, and to inquire into and report:
First-On tho change which has taken
place in relative value OF gold
and silver, and whether the change is due to the
depreciation of silver or TO the appreciation OF
gold; cause of the change, whether permanent
or temporary; the effect thereof upon finance.
trade. commerce. agriculture. labor and other
interests of the country, and on the standard or
values in this and other countries.
second-On the policy of maintaining nina the the
should be the legal ratio between silver and gold
when coined.
banking system and OF estoring confidence in
commercial and financial circles and promoting
international bimetallsm.
Fourth-The report OF the commission shall be
presented 10 the Senate and House of Repre-
sentatives not later than the LIST day Of January.
1894.
This resolution" said Mr. McCresry, to.
night. gives the commission authority to
inquire into the whole financial question
in its broadcast phases-not as to bimetal-
lsm alone, but also as to the re0rganiza-
tlon of our banking system. The means of
promoting international bimetalhsm Will
also be subject for the commission to
consider. There can be no doubt but that
the passage Of the repeal bill will help to
open the way for international bImetallism
on fixed ratio among the great nations OF
the world. which is the best remedy of
which / have any knowledge for the
monetary evils with which all civilized
natl ons are now suffering. Great Britain.
Germany. and all the gold standard
countries would be delighted to our
country go to silver basis so that they
might add our gold TO their stock. They
are now watching with anxiety and inter
est the Congress of the United States.
There have been three international none
tary conferences held. two of them by re-
quest of the United States. one By the rc-
auest of the United States and France The
first one was held in 1878. the second In
1881 and the last in 1892 When the firss
conference assembled. in 1878. there were
but twelve nations represented. When the
second conference assembled, in 1881, there
were but thirteen nations represented.
When the conference was held last
year twenty nations were rep
resented. All the delegates were
in their seats the very day that conference
1t shows the deep interest that all the ma
tions were taking in monetary questions.
1t shows that interest had increased as the
years had advanced. England has always.
international blmetallism. but the feeling
among our people in favor of international
bimetalliem has greatly increased In the
last few years. and If England would lead
the way believe there Is no doubt but that
the Latin Union countries would unite with
the United States in an international agree.
ment."
TO BLOW UP THE CAPITOL.
OF course in these days of public excite
mept over the financial question, the crenk
Is abroad in the land. CONGRESSMAN For
man, of Illinois. has received timely warn.
ing in his mail that announces the Capitol
may be blown mp with dynamite If the
Democrats do not settle the financial ques.
tion in short order.
The ways and means committee will
meet Tuesday, at which time a course OF
procedure will probably be decided on.
including such matters as the appropriate
date when o tariff bill shall be repor rsed.
whether the committee Will give hear
ings to interested persons or not.
and other details relating to The
work with which it Is charged. Chairman
covering the issue of tariff revision In O
general way, which he will submit to the
committee. There are also several other
bills on the subject ready for the commit
tees consideration, nota bly, that of the New
York Reform Club and Of Mr.. Edward At
k,nson. the well-known political econO-
mist of Boston.
On the same day the committee on bank.
ing and currency will meet with the ex-
pectation of concluding q report Oh the
bills OF Representative Tom l.. johnson.
providing for the exchange of national
bonds for currency at tho demand OF the
noasF the The s isSa,aS M %S
amendment intended 10 protect the gold Of
the treasury from raids by those who Te-
csive currency for their bonds The CON-
mittee msy also take up the question of re.
pealing the ten percent. tax on the circula.
ton of State banks. On this point Chair
man Springer is quoted as saying: II do
not believe the committee will report n bill
in favor of the repeal OF tho tax on State
banks. | do not believe in going back to the
days of the old State banking 81 stem. and Of
being compelled TO hayc forty four different
kinds of currency IN this country. The
removal of the tax on State banks and the
re-establishment OF the old system would
am against it. and do not believe that
such bill can pass. favor stable cur
rency. good alike in all the States. accept.
cd without question everywhere and ia
lniliar to the people. and printed on such
paper that oounterfeits can be readily de-
tected. Any other currency is an obetruo-
| tion to business. and l shall oppose it"
Some time In the course of the week the
| COMMITTEES on appropriations Will report
bills Pursuant to the recommendations OF
| Secretary Carlisle for an appropriation OF
| $500, ,0O0 Tor continuing the Coinage of fr8c-
tional silver coin and an appropriation of
| S4J0. 600 for distinctive paper for printing
| treasury notes. These matters must be
| provided for speedily. If there is to be no
stoppage OF the work.
THE SENATE PROGRAMME.
In the Senate the work of the week will
probably begin with the Mantle case in
| the foreground. 1t has been agreed that q
| vote shall be taken at O'Clock tomorrow
| on tie pending motion of Senator Vance
| t. lay on the table Mr.. Manderson's motion
to reconsider the motion by which tho Sen.
I ate de clares that Mr.. Mantle was not on.
| titled 20 a seat In the body. There is an
| indication that there has been change In
| the views of some of the Senators who
| voted agaInspir. but few of his friends be-
| heve that he will be seated. Senator Vol.
| cott has announced his intention of ad.
| OH the subject of silver and he il
| sure of large audience on the floor and in
| the galleries The national bank extension
| bill Is likely To be taken up ct the frst Op.
| portunity and pushed rapidly pos
| sible. IL is expected tlsat vote can be
| reached on the COckrell amendment reia'
| tive to the deposit of bonds ia the treasury
| early in the week, but there still remains
| the formidable Butler amendment repeal
| ing she State bank tax. This threatens to
| consume an undue amount OF time. and the
bill may be side-tracked in order TO allow
| Mr.. Voorhees, to push discussion
on the repeal act. This result
| may be FASTENED if the present plan of the
| silver men tax kes shape: namely, TO eDdeavol
| to attach to the bank bill an amendment
providing for free silver coinage. The