The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-08-02
RAYNER'S PLAN FOR RELIEF.
THE MARYLAND CONGRESSMAN rs
PREPARING A BILL.

IL VIII Repeal the Sherman Act. Increase
National Bank Circulation, Remove the
National Bank Tax, aud Coin the surpiu.
siiver-ConRre-sp.en Moving on wash
inEton - Talking with Speaker Crisp.
WASHINGTON. Aug. 1.-Representative John
r. Fellows IL the first nj mber OF the New York
delegation to arrive here. He called at the
Metropolitan Hotel this morning to pay his
respects to Judge Crisp and incidentally talk
over the work to be cut out for the coming
extra session. There were several other Con-
gressmen In Judge Crlsp's room when the
Colonel arrived and IL was evident that the
latter has lost none Of his popularity since last
session. Col. Follows. like oil OF tho
other members OF the New York dele
CATION. Is In favor OF the speedy
repeal OF the Sherman law as
step in the direction Of relief to the business
interests of the country. After general con-
versation on the financial and other topics the
Colonel intimated that he would like to have
few words OF private conversation with the
prospective Speaker. They withdrew to an
adjoining room. where the subject OF organic
Ing the Hosso was probably discussed. Col
Felowa was member OF the Committee on
the District OF Columbia during the last ses-
sion. and he is contented to 10 rcassigned to
that committee 1t il one OF tho strongest and
most influential committees. after the Ways
and Means and Appropriations.
Representative John De Witt Warner also ar
rived here to-day. but he did not visit Judge
Crisp's Headquarters Down stairs in the
lobby of tho Metropolitan was "Iceman" Tur-
ner working up his canvass for the door
keepership with such members Of Congress as
happened to drop in to see Judge Crisp. 1t is
difficult to arouse any interest In the door
keepcrship contest at present. for the incom-
ing members have something else to occupy
their attention. They first desire to get COM
fortably located for the session. and their next
move is to call upon Judge Crisp with view
Of ascertaining what committee assignment
awaits them. Mr.. Turner claims to be making
considerable progress in the race but nearly
all Of the Congressman whom he mp
preached to-day wanted to know il he had
the endorsement of the New York delega-
ton. Near Mr.. Turner stood Tom Coakley.
who insists that he is not q candidate for the
place. and Is supposed to be supporting
Turner. unless the New York delegation con-
clude to advocate the cause OF some one else.
deeg alton may name the next doorkeeper II |
they concentrate their forces upon one man.
The a1 e Sd not S tHy Sn in
employees OF the House looking for Congress
siona endorsements. As soon as the newly
rush lii line. in which Mr.. Turner is the centre.
he makes dash for the elevator. and never
Crisp's cool and comfortable apartments on
the second floor.
Reppese T Catehines a OF Tennessee. BY.
mum Of lndiana Raynsr Of MaryIand' h nc
81 Gs Crisp ~
from committing himself to any particular
line 81 policy or COMMITTEES app9thhtmsnts; 6ut
eect to the A Ftty6 nssS consPess Us
man Of the Printing Committee last Congress.
and one OF Judge Crisp..s best friends. says he
mem bors now in Washington: and none OF
them appears to have any definite plans for
overcoming the present financial atSui Ties
there appears to be a general disposition. on
sas ssM Mr. kiSSssdson says he is soni,dsnt tIe
it Is he is unable to guess.
Representative Rayner OF MARYLAND; who Ia
mittee on Banking and Currency because Of his
knowledge OF finance and his oratoEical ability.
hS9 leaf tc with }safs eFsp
ias:9dsesa il r. e saIs stssss q tse sS'Ss
tie demands that come from all sections Q; sS Of
s SSala a thss tho patonr banks
AuOWou 10 lbbue DOtcS up W tHo lull VI
their bonds and also to Issue notes up to II GER
tain proportion OF their surplus capital.
Finally he would take the tax off OF the ma
tional banks entirely and coin the surplus sill
yer in the Treasury. The result would place
the United States on gold standard with an
increased circulation.
1t is difficult to suggest any plan that does
not meet with opposition from some quarter.
Mr. Rayner says he has heard Of several COM
promise suggestions. The one which appears
to ha We the greatest merit is to take Off the
tax from such State banks as will deposit ap-
proved State or municipal securities with the
Comptroller OF the Currency. There is an
other element which insists that the ratio Of
silver shall be increased
Mr.. I,ayner's principal competitor for the
Of the Banking and Currency
Committee is Representative Sperry OF Con-
necticut tho only New England member in
the next House who served on that committee
in the last Congress. He has served only one
term In the House. and has not figured upon
the floor as a debater. The friends OF Mr.. Ray
ner arc pressing him because OF his long ser
vice in the House. his familiarity with the
money question. and his reputation as one OF
the best debnters In that body.
The name Of Bourke COCHRAN is also mem
toned In connection with the Craftsmanship
OF this com mittee. but 1t is understood that
Mr.. Cochran prefers to remain member OF
the Ways and Means Committee. He will I'M
be conspicuous figure In the finan-
cial discussions in the House regardless Of his
assignment.