New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-04

t,on Of importance to the measures for the elief
OF the people in their present saiosness
of the fact that he will not be Listened 20 py NJ
considerable portion Of the people either IN h
own party or among his antagonists, ana ina. ne
makes his communication In CONFORMITY , Wr, re-
aurement 1t is not likely that the message will
be read by one after the lapse OF NE Silver
rorcas said that under the Presidents proposed
scheme the banks would have All 'he the burden
Chairman Wilson. of the House Committee a., on
Ways and Means. simply stated that ne was I' an
the President had taken the position ne h rsan oil
rePea 3f 5Gs q Harding G an elastic
currency are important. but deserve to be careiuy
sRea oei1ra rosvenor ep
sage tedious In its elaborate details ana yer .nese
are interesting, and conveniently grouped ana mo
briefed by the President DO not peeye sS Of the
country is just or sustained by facts. and In the
absence OF all pertinent and relevant EVIDENCE Sot
the tariff are not important. The advice to remove
the sPeGa rs gwen m IN" With no favorable
response by the Senatorial opinion wnlch 11reeu o
ise to keep on issuing bonds to pay the running ex
penses OF the country will not operate as sedauVe
uf Repr rns Payne dep n ndorse
of the Baltimore plan for new banking fd nav
If he had left out the recommendation for State
banks this branch Of the message would nave a oeen
pointing his Looked to , him ind for nei Ise4e in
'n Rep nFSn h Dinssy ep Ma,neAs to the
planNI have only to say that there ought to be
legislation to adapt the National banking system
is the most feasible cannot say until ! know bet
ter just what all the details are AS to the Presi; ,
dents recommendation for the free admission ana
American Anne registry Of fully completed foreign
IKE 6a The naHe tar
policy is place raw materials on the free t;
he free
places duty OF 30 per cent on machinery anu ose n
| in Democratic tariff legislation. When completed
foreign built steamships placed on the free list
consistcncc requires that every other manufactures
| article also 50 with them the free list;
Representative McCreary. chairman OF the ~ House Use
Foreign Affairs Communicating message h, OF I II
| President Is comprehensive, candid ana ape. re
devotes about one-third OF to foreign ai,aias anu
eign countries but demonstrates also the success success.
pnicv ;' 50 Wei maintained by the present Admins
iration His advocacy Of a National Board Of
coal and iron on the free list and repeating ex,
stlng law denying American registry 70 SHIPS oWhsd
strong and commendab.e - ~ A. 80
| Representative Warner Dem. ~ Y)-As 10
| tariff suggestions. I am heartily in favor OF the
| Presidents recommendation that the retalatory
reciprocity Of an extra l9 cen, per podhd udy b on
| the is cent dinercntal In favor OF refined sugar
| which the trust now enjoys Din addition to The
!. cent direrential resulting from the differences
| in price between imported raws ana renned elulEa
lent TO IFS product and which is no; even Intended
| course | agree with the President in favor OF
| free iron ore free coal and free ships As TO the
| currency plan. naturally compare II wlth the
| hul which have had In committee Tor year
and | am pleased that the resemblance IL so close
| The main differences three: The President
plan provides % for a guarantee deposit OF ~
| per cent OF grecnbacks Sherman notes, etc. ana
| w. that the National bank notes shall not De o.
| less denomination than slO and 81. while remit
ting under certain conditions the 10 per cent tax
against State bank currency. does not tully pro-
vide for the periodic inspection and report max
seem TO desirable. As 70 ID. while no one
| would be more pleased than TO see the Treasury
| relieved In measure from greenDack redemption
| under our present law. do not believe the pro
| vision necessary to secure the new currency pro-
| posed. and IL to in effect an onerouS
| charge upon the currency As TO tD, am
inclined 10 think II good idea on the whole
though. unless II made 10 apply to state
bank issues we'll. II would give these latter
| a great advantage the National currency.
! As 10 a. | don't like II. II We are to assume
| any office TO State bank currency, II seems 10
| me that periodic inspection and frequent publica-
| ton OF the condition OF issuing banks Is the most
| effective and least objectionable service that we
| can render.
Speaker Crisp and ex-Speaker Reed both de-
| clined TO express an opinion regaSding the mes
| sage.