The Durham daily globe. (Durham, N.C.) 1889-1894, 1893-09-09
A Straight Bond Issue Now Pre-
dicted by All.
Some Talk About the Politics in All
the States.
OHIO TO BE THE CENTRE THIS YEAR
There VIII BE Decided the Business as
in the Days When 1t Was "A
Pivotal state.

- " IlA' VI AA|NI>
ing and currency, said to THE GLOBE
correspondent to-day that, after hearir e
all the members Of the committee express
themselves upon the questions which are
now before them, he did not believe either
the bill to repeal the state bank tax nor
the measure providing for an incontro-
vertiblc currency bond issue could be re-
ported favorably from the committee.
lie said it seemed tC be the conclusion Of
the committee that the scheme Of Mr..
Johnson, Of Ohio, TO issue p per cent
bonds upon which the government shall
lend money was impracticable. The
proposition to federalize state banks and
allow them to issue currency upon any
character Of security, and extend over
them federal supervision would be an in
fringement upon states rights; if state
banks were given circulating notes by
III ICICIdI SOfCI AI1CII dIIu any SUI VI
supervision they would no longer be state
banks; if the government simply pro-
vidcd for circulating notes to be printed
by itself and issued to state banks, that
alone would be an infringement upOn the
charters issued to the banks by the states.
M E,14Cn1 r,Jrnryirtnp 1n,l1 1o rsynp
any bank operating under a state charter.
In the opinion Of Mr.. Johnson, the
committee on banking and currency will
refuse to adopt anything like the pro
posed plan of fedcralizing state banks.
He doubted if a bill to simply repeal the
tax upon state bank circulation could be
~favOrably reported from the committee,
although he had no doubt that the propo-
sition would come before the house this
session in one way or another.
1t begins to look as though all of the
currency and bono plans of the admins
tration advanced so far would fall flat
and congress would have to come back
to the original proposition of a straight
bond issue for the purpose of replenish-
ing the gold reserve and increasing the
circulating medium. Inquiry among
members of the senate committee on
finance reveals much the same condition
OF sentiment respecting the proposed
rehabilitation of state banks as exists in
the house committee on banking and
currency. All schemes to extend federal
supervision over state banks are met
with the RIGHTS Of STATES 70 central their
own cor,oro,iors ord tho n,oio nrono
o., o
MAN. ,ho,,ho ola ., ~
WAC fiat rrroIiob1o oorfr.irc o,a tho.
II nI,iuo,eIv rosu1,od ~ loss TO i,a
bo,dors
This is an off wear in notifies ONLY
thirteen ont Of the ortv.forr states will
hold state elections, namely. Iowa Ne.
brsska .Kentuckv MARYLAND Naooocbn.
sets, Missouri. New .Jerscv New York
Ohio, Peunsvlyania South Dakota Vir.
ginia and Wisconsin. But five Of these
states Iowa. Massachusetts. Ohio Wis.
consin and Virgipia-wil elect full
tickets. Eight states will choose iudqes
- or legislatures, and three of the Iegisla.
lures to be chosen will elect United
States seuators-I0wa Kentucky and
Virginia. "fr
The greatest political interest will un-
douO'edIy center in Ohio, where, more
man anywhere else, the contest will be
made upon the tarlii issue. The republic