Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-07
But One Branch Of Congress in Ses-
sion Today.
THE PRESIDENTS MESSAGE DISCUSSED
It is Taken Out of the Committee
of the Whole.
TALK OF TIMBER LANDS

At the opening OF the session OF the
House today, on motion of Mr.. Martin
(dem.), Indiana, the order for night ses-
sion this evening to consider private pen
sion bills was vacated. The committee on
banking and currency was given leave to
sit during the sessions of the House.
On motion Of Mr.. Haugen (rep), Wiscon-
sin, the second Saturday in January was
set aside for the delivery of eulogies on the
life and character of the late Representa-
tive George b Shaw of Wisconsin.
The House then went into committee OF
the whole to consider the Presidents mes
sage and Mr.. Wilson (dem). West Virginia.
moved that the committee of the whole
be discharged from the consideration Of the
message and that its various parts be re-
ferred to the standing committees having
Jurisdiction.
Mr.. Grow (rep.), Pennsylvania, In ACCORD
ance with notice previously given, took the
floor and addressed himself to the banking
scheme promulgated in the Presidents 8
message.
Mr.. Grow on National Banks.
For thirty years, he said. the present
national banking system had been in opera
tion, and no holder of any national bank
bill had ever lost q dollar nor would such
loss occur as long as it continued. The
system furnished a sound circulating me-
dium and had met all the requirements of
the people with the exception, perhaps,
of elasticity. He described at length the
operation of the present system He be-
lieved the present law should remain ex-
actly as 1T was except that the banks
should be allowed to deposit money as well
as bonds for circulation and take out $11O
on every 500 in money deposited and cir
culatio up to the par value Of the bonds
State banks, he believed, should have the
same rights of issue with the same liza
bllitV to the government tOpathar with
personal liability of the stockholders To
prevent undue contraction no bank should
be allowed to redeem its circulation at a
higher rate than 10 per cent each month
and no bank should be allowed to reduce
its circulation below % per cent except
to go into liquidation.
IF a bank can take out $llO in circula-
tion on 500 of money, where Is the elastic
ity of your system?' asked Mr.. Hall (Mo.).
Certainly nowhere except in allowing the
reduction of bank reserves from rs per
cent to 10 per cent during the months of
October. November and December-the
period when the crops are moved. / do not
see how an elastic currency can be based
on non-eiastic suhstrata, like bond or
legal tender dollar. An elastic currency
must be based on an elastic credit"
Mr.. Grow replied that no sound currency
could be based on credit. In the final ad-
Justment dollar must be behind every
dollar of circulation.
The motion of Mr. Wilson was then
agreed 10. In the morning hour Mr.. Nc
Rae, from the committee on public lands,
called up the bill to protect forest reserya-
tions.
To Protect Forest Reservations.
Mr.. Hermann (Ore) explained the pro-
visions of the bill. AS originally drawn.
he said. the bill was exceedingly objec-
tionable to the people of the west 1t pro-
Vided. first, for the sale at auction of 50
per cent of all the timber on forest reser-
Vatlons, and,s secondly, of 80 per cent Of
all other timber on the public domain The
western members desired to protect in
stead of denuding the public forests, and
they had agreed on an amendment giving
to the Secretary OF the Interior the power
to reserve such an amount Of timber as
might be eoessary to preserve the forests
MIR: Wells Against 1t.
Mr.. Wells (Wis.) opposed the bill in every
feature. The attempt to drive this bill
through under whip and spur smelled, he
would say savored II he did not have
such high respect for the chairman Of the
public land committee, of Doodle. 1t was
said that the forestry association was be-
hind this bill There was another association
behind 1t, which had its origin in Maine
fifty years ago and had now extended to
the Pacific slope. 1t was an association of
timber thieves and land sharks that was
behind this bill. II these timber thieves
were allowed to go into the public forests
they would bribe the agents Of the In
terror Department and destroy them.
~The pine land thieves of Michigan and
Wisconsin, he declared eXcitedly, had
grown rich on their plunder and had then
bought seats, both in this House and the
other. He would not permit the people
of this country to be plundered of mil
lions of dollars worth of timber. He ap-
pealed to the members of the House not to
permit these thieves to go into the forests
with the disguised purpose of cutting only
dead and matured timber. He challenged
any advocate of the bill 10 show line in
1t designed to protect and preserve the
public forests.
Mr.. NcRne's Dcnials.
When Mr.. Wells took his seat, Chair
man McRae arose and Indignantly denied
that there was any land ring or associa-
ton behind this bill. He had assumed the
responsibility for the bill, and if the gentle
man from Wisconsin knew of any hidden
power behind it he would yield time to
him to make known Its nature.
Il said before" replied Mr.. Wells, hotly,
that L believe in your honesty, but the
and 1 believe the gentleman is being de-
ceived and is being made a tool Of
Il may be green in the lumber business"
returned Mr.. McKae but l take pride in
the fact that represent one of the largest
timber sections of this country. My state,
however. is not affected by this bill. There
is no interest behind this bill save such as
ought TO inspire every patriotic American
the prORectlOn or the forests from deyaS-
tating fires and land thieves" Pass this
BILL he said impressivcly, and in 100 years
your children will rise up and call you
blessed. The history of the old world fur
nishes q lesson which this country ought
to learn. and the record of millions Of acres
Of timber destroyed by fire this year at
tests the urgent necessity of immediate
action. In concluding, Mr. McRae said he
realized that the bill could not be passed
today and appealed to the committee on
rules for a special order for its consid-
GRAFTON.
The Railroad Pooling Dill.
After some further debate by Mr. Will
son CWash.), Pickler (N d., and Coffeeh
OWyo), the morning hour expired. and in
accordance with the terms Of the special
order the House proceeded with the dis
cussOn of the railroad pooling BILL un-
der an agreement to take up the bill un-
der the fve-minute rule tomorrow. Mr..
Bartlett On. " addressed the House in
favor of the measure, arguing in sup
port of legitimate and legal pooling.
Judge Abbett's Remains Inferred.
JERSEY CITY, N. j., December THE
remains of the late Judge Leon Albeit
were removed this morning from the fam
lily residence to Greenwood cemetery The
~ l..,4 as,IxN 4