The morning call., 1894-12-02
HIS NEW PLAN.
Carlisle's Scheme of
Finance
APPROVED BY ECKELS
On a Mutual Admiration
Principle.
GROVER TO URGE REFORM,
Which His Friends in Congress
GROVER TO URGE REFORM,
Which His Friends in Congress
Will Take Up.
STRONG OPPOSITION DEVELOPS.
After All 1t Merely Gives the Ma
tionaI Banks Still a Wider
Scope.


port OF Comptroller Eckels is important in
that it gives a general idea of Carisle's
plan of Initiating the currency through the
medium Of the national banks, as Eckels
has been in consultation with Carlisle re-
Gently. 1t is believed generally that Car
Isle will submit a plan for the repeal OF the
State bank tax as we'll as a provision for
the issuance of national bank currency.
If, as Is anticipated, Mr.. Cleveland
sends in message urging immediate action
on the financial scheme which Mr.. Carlisle
will present, it will in all probability be
i'm possible to long delay a clash on this
| question. The silver men and the anti
national bank and anti-boDd men are
eager for the fight, if with other object
| In view than to afford them an opportunity
to show how thoroughly they disapprove
| of Mr.. Cleveland and despise his policy.
| The Cleveland men and those who agree
with the administration. without being
cuck oos. are thoroughly convinced that
the salvation of the Democratic party lies
| in legislation which will meet with the ap-
proval of bankers and business men before
| the Republican Congress has an opportu-
nifty TO legisate. If, therefore. an admin
| istraton plan of any merit and having
| non-partisan Eastern support is presented
| the administration Democrats will be
eager to press for action upon it.
| Senator VOORHEES,. chairman of the Sen.
| ate Finance Committee, has called meet
| ing of that committee for next Tuesday.
| The object is general conference on
matters under the jurisdiction of the COM
mittee, including tariff and fuance.
| There is strong undercurrent of belief
! among members of Congress that the Mic
sragua canal will receive very earnest
consideration during the session of Con-
gress which convenes Monday. The feel
ing is especially pronounced iu the House
and prevails particularly among the South
| ern members. Even those who, like
Bailey of Texas, oppose the bill on consti-
tutional and economical grounds, concede
the question VIII receive early attention,
and most Of them are Of the opinion that
the prospects of its success are good. Mr..
| Cooper of Florida says nothing could re-
| store the popularity of the Democratic
party as much as authorizing the construc-
| lion of the canal
1.-The Democratic party is the party
which added the Mississippi Valley and
the Pacific Coast to the national map" he
added. "and it is the party which should
| provide for this great enterprise. If it
will do this during the short session, and
provide for more elastic currency, and
| the appointment of Federal officers, l ill.,
| fer it will not be long out of power"
Representative. Livingston of Georgia
says if the Democrats do not act upon the
bill the Republicans are sure to take it up
when they come in and get all the credit.
| 1t Is evident foreigners want the control of
the canal. He says it was the tacit un-
Outstanding during the last session that
| the bill should come before the short ses-
sion.
ST. PAUL, Dec 1.-Senator Hansbrough
OF North Dakota was in the city last night
| en- route To Washington. In the course of
an interview, after speaking of the effects
of the Wilson bill and the necessity OF the
Republicans to provide the country with
| revenue, he said:
"The so-called Baltimore plan of finance
is not likely to be accepted by this or any
| future Congress. No financial plan ex-
| cusively dictated by bankers associations
is calculated to bring the needed financial
relief to the country. No relief can come
from any plan that does not first broaden
the basis of the money of final redemp-
tion. What is needed is bimetallism
The way to secure this. in my Judgment
is by an International agreement between
Germany, France, Italy and the United
States. leaving England out of the ques-
ton altogether. The latter country will
never agree to bime etallism unless forced to
do so by sheer necessity. An agreement
between the countries l have mentioned,
excluding England, would give a new
lease of prosperity 30 The countries to the
agreement and cause an emigration of
people from England which would soon
bring that gold-basis country to her knees.
"The Populist party is the natural out.
growth of the financial tyranny which
naturally accompanies the adoption of the
narrow golu standard. If the great ma
tions of the earth are to continue this
policy, then we will have more Populism.
The recent defeat of the Populist party
cannot be construed as a defeat for bimet-
allism. 1t was a defeat simply for fat
paper money, and not defeat for silver.
'The Republican majorities all over the
country this year are accounted for by the
reason Of the conviction in the minds of
the people that the protective policy Is the
best policy for this country and that the
Republican party is the best party to
carry out that policy. The people also
believe that the Republican party will
adopt a financial policy under which il
will not be possible for the GOLD brokers
of this or any other country to control the
treasury of the United States.
Think of q condition which permits
these money-shavers to draw gold from
the treasury OF the United States and then
| return it TO the Government in exchange
for interest-bearing securitiesi That is
what they did when Cleveland issued
! bonds the first time. and it is what they did