The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-08
GOSSIP OF THE CAPITAL.
Republicans Of Course DiSpleaSed
With the Message.


Washington, Dec THE republicans
are very much dissatisfied with the Pres
dents message. In fact, they seem to be
unanimously against it, 1t is very evil
dent that he did not take counsel with
them in its preparation, and possibly it
was not his purpose to please them
If it had satisfied them, it would
have been a rare document in
deed. EXSpeaker Tom Reed saws: The
absurdity of appointing republicans on
the ways and means committee at all is
apparent - Tr-ie, for once If Mr.. Reed
will extend his remarks so as to include
the appointment of republicans to any
sort of position of trust and responsi-
bility, he win find many hundreds of
thousands OF the very best Of his fell
low citizens who will cordially agree
with him. \ democratic message or
measure or man, that would please Mr..
Reed, would make the fortune Of any
man who could secure it, and carry it
around the country on exhibition at %
cents admission. If there is one man in
all this broad land of ours who will not
be pleased with anything that has the
faint of democracy on it, that man is Tom
Reed.
The readers of the MORNING News have
already been made acquainted with the
diverse comments which have been eX-
cited by the message. 1t is safe to say
that it is generally approved by those
who have heretofore been in accord with
the administration, while those who have
not so been, find much in it to condemn or
to differ with.
REPEAL OF THE BANK TAX.
The omission by the President of any
reference to the repeal of the 10 per cent.
tax on the state bank circulation is re-
garded by manyas ominOus to that idea
They think that il the President were in
favor of such repeal, he would
have said so; and they think that
II he is opposed TO repeal Ii will not be
passed. Neither of these things is neces-
sarily true, however, 1t does not follow
that he is opposed to such repeal because
he did not recommend it; neither does it
follow that his influence would be exerted
against it il he is opposed TO it D.; and
1t does not follow, either, that his in
tiucnce would be sufficient to defeat it, if
he should make the effort There is no
doubt that the majority of the committee
on banking and currency are in favor of
the repeal Of the tax. The chairman, Mr..
Springer, is opposed to it; but Of course
that does not ensure the adverse action
OF the committee. On the contrary, it is
expected that at the meeting
of the committee, which will be
held tomorrow, they will agree to report
in favor of repeal. 1t is more than likely
that the bill which will be introduced
will indicate, in some clearly defined man
ner, that the tax Will not apply TO banks
organized and conducted along certain
safe and conservative lines.
IL IS SAID IN certain quarters that both
the President and Secretary Carlisle are
III favor of repeal, and that they are
strengthened in their position by letters
from the presidents Of leading national
and other banks all over the country, and
especially in New York and Massachu-
setts. A few months ago the treasury
department made quite canvass, with
the view of ascertaining the views Of
bankers on the subject, and the result has
been as stated above.
FAyoRITE SYSTEM
Those of the committee who favor re-
peal are understood to be partial to what
is known as the Suffolk bank system. so
called from the famous Suffolk Bank of
| Boston. The feature of this bank
which commends it is that its
notes depend for safety on the
| deposit, with designated state or
national officer of sufficient approved Sc
curities To cover the issue Of notes, be-
yOnd doubt. This plan, IL is claimed
VIII give the country currency which
Will have proper elasticity, and will ex-
pand on demand and will not
contract when most needed
| This plan, or any other good and
safe one, would be eminently satisfactory
to people in the south, and would do a
great deal to overcome the dissatisfaction
which is felt by some in our section at the
outcome of the efforts heretofore made
for the free coinage of silver IL would
give immediate relief TO our section, and
relief of permanent and substantial
sort.
The Georgians here seem gratified that
the Georgia legislature has seen fit to en-
act laws providing for the establishment
of state banks in the event the taxing law
is repealed by congress. This action on
the part of the legislature shows very
plainly what our people want and expect,
and it Will carry more weight than any
amount of argument.
VAN ALIENS DECLrNAT1oN,
Van Allen stock has risen very high in
this city since that gentleman wrote his
letter declining the appointment TO Italy.
| have heard nothing but praise concern
ing MS dcJlOn ana many who had sueered
at him and condemned the President for
appointing him, are now talking the other
way. AS usual, the President has come
out on top.
Congressman Siblev of Pennsylvania. is
a millionaire, and he is a conspicuous eX-
CeptiOn to milliOnaires and eastern states
men. He Is a radical frec-silHer advocate,
and is also in favor Of an in
come tax. Moreover, he thinks that the
income tax should be a large and perma-
nent feature of the government system
Of taxation. In an interview to-day he
gave as one reason for his belief that an
income tax Is even more equitable than q
property tax, this statement: IF a man
has a large RmOJint b-oB lpropcrty he
may derive a large amount of income from
it one year and the next year nothing at
all. He can pay a heavy tax easily the
prosperous year, while in the duh year 1t
is going to be heavy burden" This is q
view that has not been published hereto
fore. and it seems n fair one.
The proposition to place an income tax
on corporations, does not meet with much
encOura cement outside of the ways and
means committee in which it originated
Indeed, / have not heard one single word
of approval, and | have heard a large
number Of expressions from cOngressmen
of different sections Of the country.
JAcKsoN's CoMMIssARY.
In the speeches at the unwilling Of the
statue Of Gen. Shields in Statuary hall
yesterday the speakers INDUCED in a