The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-12-08
IN THE aoUsE.
Galusha Grow ON banking systems
Continuation of Pooling Debate.

Continuation of Pooling Debate.
WASHINGTON Cry, Dec. Tin the house
the committee on banking and currency
was given leave to sit during the sessions
of the house. The house went into COM
mittee of the whole TO consider the presi-
dents message. Wilson, DEM, West
Virginia. moved that the committee of
the whole be discharged from considera-
tion of the message. and its various parts
referred to the standing committees hay
ing jurisdiction; agreed to.
Grow. Rep, Pennsylvania, in accord
ance with notice previously given, sd-
dressed himself to the banking scheme
promulgated in the presidents message.
He said he believed that the law should
remain exactly as it is. except that the
banks should be allowed to deposit money
as well as bonds for their circulation, and
take out $l1o for every 800 in money de-
posted, and have circulation up TO the par
value of their bonds. State banks, he be-
lieyed, should have the same rights of
issue. with the same liability TO the gov
ernment. together with the personal liza
biiity of the stockholders.
McRae, from the committee on public
lands, called up the bill 10 protect forest
reservations. Wells, Dem, Wisconsin, OPP
posed the bill in every feature. The
attempt 10 drive this bill through under
whip and spur smeIled-he would say
savored, if he did not have such a high
respect for the chairman of the public
lands committee-of Doodle. 1t was said
that the Forestry Association was behind
this BILL There was another association
behind it, which had its origin in Maine
. Ia
the Pacific slope 1t was an association of
timber thieves and land sharks If the
timber thieves were allowed to go into
public forests, they would bribe the agents
OF the Interior department and destroy the
forests. The pine land thieves OF Michigan
and Wisconsin. he declared excitedly. had
grown rich on plumber and then bought
seats both in this house and the other He
challenged any advocate of the bill to
show the line In it designated TO protect
the public forests.
When Wells took his seat, Chairman
McRae Indignantly denied that there was
any land ring or association behind the
bill. lie had assumed responsibility for
the bill and if the gentleman from Wiscon-
sin knew of any hidden power behind IL
he would yield time for hIm 10 make
known its nature.
II said BEFORE" replied Wells hotly,
that believe in your honesty but the
gentleman is green In the lumber business.
and | believe the gentleman is being de-
ceived and made tool. +"
81 may be green in the lumber busi-
ness" returned McRae. ''but take pride
in the fact that | represent one Of the
largest timber sections of the country Ny
state. however, is not affected by this bill
There ls no interest behind this bin save
such as ought to inspire every patriotic
American for the protection OF the forests
from devastating fires and timber thieves"
After some further debate by John l..
Wilson of Washington. Fickler. Rep,
North Dakota. and Cotseen, Dem. Wvo-
ming, the morning hour expired and, in
accordance with the terms of the special
order. the railroad pooling bill vas taken
up. Bartlett, Dem, New York, ad-
dressed the house in favor Of the measure,
arguing in support of legitimate and legal
pooling.
Ii was urged that the granting Of pooling
privileges would be al eniargment OF
the privileges OF railways. IL would