Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-15
AS REGARDS STATE hanks.
What ur. Carlisle Thinks of Them
sir. Eckels' opinion.

sir. EcIseis' Opinion.
Washington, Dec. 13.-SIr. Carlisle
thinks that state banks OF issue should
be permitted without other govern-
ment supervision than is necessary to
ascertain once year whether the
banks have complied with the provis-
ions of his proposed law. SO as to ex-
empt their Issues from the 10 per cent
tax. He does not believe the United
States government has any right to
supervise the management OF state
banks. Mr.. Bckels does not believe that
the government ought to issue cur
rency, but that 1t Is the duty OF the
government no see that the banks are
properly managed. lie does not be-
lieve in state banks OF issue. while
MIR. Carlisle does. MIR. Carlisle Thought
that the banks under his plan would
have the right to redeem their own
notes at their own places OF business
in lawful money, including silver. MIR.
Eckels would compel the banks to re-
deem at least a percentage of their
Issues in gold coin.
The comptroller OF the currency fa-
vors the single gold standar the Sec
rotary of the treasury, 1t seems, would
not entirely ignore silver, unless again
ordered to do so by the president. Both
financial doctors agree that unless the
revenues of the government are greater
than its expenses, it is impossible for
the government TO maintain specie pay
ment Of greenbacks In gold. without
periodical issue OF bonds. They both
complain that national bank notes are
now by law redeemable In lawful
money as legal tenders, which the
treasury must, they say. redeem in
gold. and, therefore. they desire to
have the greenbacks all deposited in
nave the greenbacks all deposited in
creased volume of national bank notes,
which shall also be redcpmable In law
iul money as legal tenders. which the
treasury must, they say, redeem In gold
ana therefore. they desire 10 have the
geehbacis all deposited IN the treasury
us security Tor an increased volume OF
i,'t'Iohal pant notes, which shall also
DC redeemable In lawful money. Carlislo
says gold or silver Eckels saws gold
Mr. Eekels admits that the people have
become so accustomed To the use OF ma
per money, national bank notes and
inc government issues, which are fully
secured againHt the possibility Of loss.
ma II VIII take some time 10 educate
culation that Is only partially secured
py the government, but he thinks II
can be done. II
speaker Crisp has announced himself
~ FAVOR of the financial plan advanced
by Mr.. Cleveland, and II is claimed
~ Gun ne counted on to exert his lnnu-
ehce toward pushing the measure
through the house. senator Du5ols;
announcement that there would be no
financial legislation this session was
NOT qualified by any IFS, and a ni,,n-
pcT OF other senators have since ex-
pressed themselves equally declsively.
can see no reason for any hope
os 4 n'S GL benefit to this country"
sald congressman W. II. DoplIttle ~
washington, until something i'm Tho
way OF financial legislation 10 beJ
bringing about satisfactory changes I'm
our system. England Is pulling Tho
gold out OF this country Mt an alarming
i.'g' anu We are getting scarcely any
OF II back. We have neither the means
OF retaining II nor OF calling FOR i.s
return. Everything almost Is CARRIED
IN ships away from our shores ana
that Is gold transaction as far ne
trelghts are concerned. We are tho
lebtors rather alarmingly, and tbot
W li,eahs god again. This country must
VI nT,cesslty eventually strike out on
pollcy OF Its own in these matters 10
we were situated as England and other
countries are to which we are paving
tribute In may ways, there wouId he
no reason Tor a change. But we are
me people who are getting the dIrtv
end or the stick all the time. as Wal,
as broken heads, and this apnlIes 10
pockets as well. 1t will not az mucG
longer 10 insist ON single gold stand'
ara IN the United States. We are abon,
near enough the edge now"
MT Doollttle clearly voices fhe san
uInent OF Western silver men in hoth
Ihe mouse and senate. The events ~
he past rev days leave little room
t ,o uouot mat the financial question ia
a. pe u prominent topic in the senate
are some facts which point 10 sn i
or aifairs which may render tho sassin,s
one OF great interest. II "a undas,sai,
mat the Instructions OF the Democraticc
senatorial caucus do not 20 to tbe az
'eht OF indorslng the recommendatJon,
yl the president and Secretary Cnriisia
ou, only require the finance commitiaa
70 lake these suggestions under constd
GRAFTON, as they would any other sma
gesions which might come fron,
creultaole source, There is lLttie dn,t,t
.At the finance committee will tsSa
.ne nnatter up, but with what result IL
not go easily stated. ~
In the senate at large the plan seer,s
70 commend Itself to some OF the south,
w, IN senators, largely because ~ tbo
tba IN, feinoVe the state bank tax. II
would be opposed by the extreraa
SILVER men. because they beiieva hree
u a law containing such nrov,sinns,
should be enacted II would nroya
ueath blow to silver FiSNS