The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-12-17
FAVOR CARL!sLE'S BILL
Currency Committee Will Ask the
House to Vote for the Measure.
THE VIEWS OF TWO BANKERS
Strong Opposition viii Probably Con.
front the Bill When Is Taken Up
for Adoption-St. John Urges
Free Silver Coinage.
BY the United Press.

BY the United Press.
Washington, Dec. 16.-Secretary Car
lisle's bill to reform the banking and
currency is scheduled to pass the house
of representatives at o'clock next Fri
day afternoon.
This Is the time agreed upon by the
Democratic members of the committee
on banking and currency for taking the
vote. This agreement, to be put in force,
must receive the approval Of the COM
mittee on rules, and must be voted for
by a majority of the members of the
house. The programme was fixed up
late yesterday afternoon, after the con-
clusion of the hearings which have oc-
cupied the time of the committee dur
ing the week.
The differences Of opinion in the
committee are so many and of such
radical nature that there was no hope
of ever getting a majority to indorse
any bill. 1t was accordingly deter
mined by the Democratic members of
the committee that the only thing that
could be done would be to report the
Carlisle bill to the house without
amendment, with the understanding
that the members of the committee will
have an opportunity to offer individual
amendments in the house. Mr. Springer
was authorized to report the bill in this
way.
1t was at first proposed to have the
committee adopt resolution, to be re-
ferred to the rules committee, provid-
ing for carrying out this programme,
but there was considerable opposition
on the part of the Republican members
TO proceeding so rapidly, and some of
the Democrats also thought there
ought to be more time given. 1t was
therefore agreed that Chairman
Springer and such other members of
the committee as might wish to do so
should go before the committee on
rules on Monday and present their
views as to what ought to be done. 1t
is probable the programme will be
agreed to by the rules committee, as it
is understood the Democrats of that
committee were consulted before it was
prepared.
Opposition to the Programme.
When the rule Is reported to the
house it will probably meet with the
united opposition of the Republicans
and considerable number Of Demo-
Gratis. There are at least four Demo-
cratic members of the committee Who
think more time ought to be given for
delate, and that the vote on the bill
ought to be postponed until after the
holiday recess. This will be strongly
opposed by Chairman. Springer and
Others, who are understood to be act
ing in concert with the president, and
who insist that the bill must be sent
TO the senate before the holidays if
there Is to be any hope whatever Of ac-
tion upon it by that body.
The impression among the members
of the banking and currency committee
nd others who have studied the stu
tioL in the house is that the bill will
pass that body, if at ALL substantially
as It was drawn up by Secretary Car
llsle. This Is not because any one Is
satisfied with it in its present form, but
because there Is so much differenc, of
opinion as to be the character of the
amendments to be made. It Is doubt
full II majority Of the house can be
secured on the vote for any one of the
amendments.
Among the amendments that will be
offered will be one to strike out the
provision making each bank liable for
the security Of notes issued by every
other bank. Amendments will also be
offered to strike out the provision for
state bank currency and to provide
for the funding Of legal tenders in low
interest bonds. Unless the speaker
rules such an amendment out of order
an effort will also be made to add to the
bill provision for the free coinage of
silver.
Changes in the Senate.
: The chances for favorable action on
any bill In the senate are rather diff
cult to forecast, especially as some of
the Republicans seem to be disposed to
oppose any bill, good or bad, and at any
rate, vote can only be reached by
continuous session,
Secretary Carlisles plan has now
been before the country for two weeks,
and has been the subject OF hearings
before the house committee on banking
and currency for one week, and among
all the men who have appeared before
the committee, and among the hun
dreds who have written to Chairman
Springer, only one man has been found
who approves the plan. This is Presi-
dent Post, Of the York National bank,
of York, Neb., whose letter Chairman
Springer read before the committee
this morning.
Mr.. johnson, Of Indiana, objected to
Its going into the record Of the hear
dngs, and asked Mr. Springer If his rea-
son for adding 1t was not that it was
the only letter he had received indors-
ing the Carlisle plan. Mr.. Springer ad-
mitted that it was, but did not insist
upon its going into the record, and It
was left out.
Bankers representing directly oppo-
site Views occupied the attention of the
committee today. They were G. G.
Williams, president of the Chemical Ma
tional bank, of New York, and w. p.
st. John, president of the Mercantile
National bank, of New York. Mr.. st.
John Is In favor of free silver, while Mr..
Williams is against 1t.
Mr.. Williams maintained that the pres
ent situation in currency matters was
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