Crawford avalanche. (Grayling, Mich.) 1879-19??, 1894-12-20

A0AVNs ~ Oss00es 49, S1s
The administration. following the
example of a certain King Of France.
Is now engaged IN marching up the
hill. with It's currency plan. Later.
It will. following the same example.
march down again. The field com-
nander of the marching army is Gen.
Carlisle, the commandment chief of
the forces contsnting himself with re-
naming in the White House. sur
grounded by a Gordon of sent!nels, ami
giving orders. The tomtoms are
keeping up-a terrific beating; while
the House committee on Banking and
Currency is getting the opinions of
financiers on the proposed plan, in
order to create the impression that
the democrats of the House are en-.
Enthusiastically in favor of that plan.
As a matter of cold, hard fact they
are nothing OF the kind. There may
be enough of them vote for the bill.
which the members of the committee
say they will SOON report to the House,
to pass IL; but il will not be because
they consider it good, but because not
knowing anything about it they will
be willing to chance'it, hoping that it
may turn out to be as good as Secre-
tary Carlisle claims il to be.
Representative Dingley, of Maine,
who has been quoted as being favora-
bly, impressed with the ideas of Sec
rotary Carlisle, says: 1.-The fatal de-
feet of Mr.. Carlis,e's plan is that it
undertakes to unite state bank with
national bank circulation. and even
discriininntes against national bank
circulation by providing for tax up
on the notes issued by national banks
and exemptiDg notes issued by state
banks from any such tax, or from any
supervision by national authority"
Mr.. George G. Butler. a Connection
tinancier, told the House committee
that the banks would never accept the
unknown responsibility Imposed b.,
that portion of Secretary Carlisle',.
plan requiring all national banks to
guarantee the circulation of each
bank. Our tinanciers also condemned
the plan for various'reasons.
Senator Morrill,. on behalf of THE
Senate Finance committee presented
a combination adverse report to the
Senate on all the populist financial
bills--most of them were introduced
by Senator Peffer-which were during
the first two sessions of the present
Congress referred to that committee,
and accompanied it with speech es
pecially aimed at the financial quack-
cry OF the deinagogues of the present
era, and the prevailing spirit Of exag-
Grafton. Senator Morrill, never learn
ed to use bad langht ge; his shifts of
ridicule are always those of the edu-
Gated and refined gentleman. but that
doesn't prevent their penetrating the
thickest skins. PETER is sore all
over.
Representative Hit. Of ILL.,. the
ranking republican iember of the
House committee on Foreign Affairs,
who is one of the best posted men in
Congfess on inter national affairs
which relates to the United States. il
after Secretary Gresh' IN with a sharp
stick, as The saying is. Mr.. Hit
wants to know all bout Secretary
Gresham's offer of 81 5000 as com
pensation for Canadian sealers seized
in Behring Sea, and Il As offered a res
olution calling for the correspondence
whicn,|ed to that Ell RI ordinary offer.
In view of the fact, which points out,
that ten of the eighteen vessels seized
were owned by Americans and flying
the British flag for purposes of regis
tration. and that the entire claim sub
mitted to the arbitration tribunal on
behalf of the Canadian sealers was
only $439. 900, of which it was adult
ted that 1857. 600 represented prospec-
tive profits on catches expected to have
been made if the vessels had not been
seized. Mr.. Hit thinks Secretary
Gresham's offer entirely too large and
proposes to oppose appropriating the
the money to make it good, unless the
correspondence shall furnish some JUS
tifcation now unknown to him.
Notwithstanding the change that
the railroad pooling bill is entirely in
the interest of the corporations, the
House passed it by the decisive vote
of 156 to 40. Some OF the ablest
men of the House declare that the
bill, If it becomee law, will be O.
direct benefit to small shippers as well
as to the smaller railroads. The bill
proposes to restore to the railroads
the freight privileges they had pre-.
vious to the enactment of the Com
merce law.
1t requires a vote of the Senate to
convince certain Senators that no tar
iff tinkering would be allowed at the
present session, and II was promptly