The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-09-05
.HE sA1URDAY CONFERENCE.
WHY, Chairman Springer and Senator voor
hees Were Not Invited.

WIS, Chairman springer and Senator voor
hi hees Were Not Hpvited.
n W1HHIforoN. Sent. 4.-The REORGANIZATION oi
fne untional banking system. which has been
hugGested as o result OF saturdays conference
1T the Treasury Department, was topic Of
lrenera1 discussion among Congressmen and
lbfher public mon ut tho capital to-day. The
1frrport that such n opference had been held
'wss at first discredited. but the fact was so
wal 'esta blshed o-day that no further attep pt
at denial was made. Mr. Carlisle was be-
nftred BY Inquiries after Information on the
nubiset, but he persisted In remain
Ing uncommuncative. except to admit
that conference had been held. SO
far as Indicating any conclusions that
might have been reached or any policies that
might have been adopted, no said he could not
pretend to affirm or refutc any OF the theories
upon the subject printed In tho newspapers to-
day He was too busily occupied with the cur
rent affairs Of the department That two con-
ferenees on the subject Of financial legislation
were held-one on Friday night ut the White
House and the other on Saturday at the Treas
ury-is now universally conceded: and the fur
Their fact IL clearly apparent that they will
hive an important bearing upon the financial
legislation that must follow tho repeal OF the
Sherman law.
! Il must be said. however that two men who
financial measures were not In attendance.
They were Chairman Springer OF the House
Committee on BANKING and Currency and
planned The President did not desire to see
tsrview Of q year ago. in which he declared
n CleveIand,s nomi,pntioR un desirable Gnd d
failed to take the Illinois Congressman into
nie deepest confidence Besides. II was desired
nnDthar
Y could represent the Southern and Western ele
ment which threatens to make trouble in the
dem ocratic camp unless some concession in
shade. Mr.. Hall Of Missouri was believed to
'f eed as
sentative Easter member The invitations
whatever legislation may be undertaken will |
likely originate in that body; Hence It was not |
my other Sen ator at this time: He viii proba.
bly, be invited to the White House for consul |
dsDte shape h For the Present be s"d
nothing will be attempted. When the uncon-
ditIonal repeal q the sherman law is accom-
SSsto% plated viii Be TAKEN sp ''I's'A'''n no"
Mt Springer hastened to the Treasury De-
formed that it had taken place He was
the. proposition to repeal the State bank tax
had not yet taken shape aufiiciently to warrant
It been determined to do something toward
changing tho present system and enlarging
the currency. and when the details came to be
considered Mr.. Springer. as Chairman OF the |
committee would doubtless be consulted.
Senator Voorhees, who will also be consult
Cd later expressed himself to-day in favor OF
the repeal Of the State bank tax. but under
such conditions as will ensure sound cur
xency.. He said the plan suggested as having
boon discussed in the conference would prob
ably meet his Views; but for the present he
was not In favor Of injecting any new financial
propositions into the pending debate. Mr..
Butler Of south Carolina, however. promptly
took occasion this morning to present an
to the Voorhees, bill. providing for
the repeal OF the 10 per cent. tax or State
banks exactly in line with the suggestions
which came out Of Saturdays conference
don Of Mr.. Butler was OF his own
and It is not the intention OF the
patty leaders In the Senate to complicate the
sitnAtfon by pressing any such plan at this
Iuncture. Mr.. Buffers amendment will proDa-
bly, not he pressed. for it is now believed that
the whole subject will be brought UP in a reg
s!iar and formal manner after the repeal of the
sherman law is an accomplished fact The
that such LEGISLATION as that pro-
posed ON Friday night and Saturday is serious
" contemplated may improve the situation in
the Senate. 1t may not tend to lessen the op-
position on the part of the Senators from the |
silver mining States. but 1t will surely mode |
rate the opposition Of the great majority Of tho |
ellver Senators from tho other States Of the
West and the Southern States.