The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-12-18

WARRINGTON, Dec. 1.-THE majority
..,,,, Of the house committee on Bank.
4, and currency favorable to Secretary
c'dl,e's plan Of currency revision was
| rd,v presented to the house by Chair.
nj. springer with a recommendation
m, the bill pass. The report recltes in
5..il the provisions of the bill and
IN, il viii accomplish. All OF this
=, bssu stated in the hearings before
n. A. committee. Alter recitlng the con-
%tiop, Of the banks in 1893 and the ef-
L.t ,bs proposed bill would have upon
SS,insss the report presents arguments
IA flyor OF its passage, in line with
s.efe.sry Carlisle's statements hereto
fore published.
TIE MINORITY REPORT.
The minority members OF the bank.
IA, and currency committee severely
,5tiri.e the Carlisle bill. They say: We
t,d the Democratic majority using the
allowing words: The extraordinary
ambitions which confront the treasury
J.uartment have constrained the mem.
br Of the majority of the committee,
While not agreeing to all the provisions
Al the bill, nor to all the reasoning em-
.lnyed In this report, to concur in re.
ooriipg the measure to the house for
tu consideration, each reserving to him
Mi the right to otter such amend.
r.nts as he may deem proper and to
role on the bill finally as he may de-
efmine.
ave submit the following statement
dWhy We are forced to disapproval
d the Carlisle bill and this course only,
mach as We appreciate the pressing de-
nind for wise and prompt action by
Congress, to relieve the strained finan-
dil conditional Of the whole country
md more especially the pressing neces-
,iy Of the United States treasury:
aThe whole action OIL the part OF the
nijOrity Of the committee was most ex.
ilOrdinary and not approved by Its
ruiing majority. Secretary Carlisle
fs,d . part OF the bill on the first day OF
Bic address to the committee, saving he
bad not finished debating it, and would
bring It in when he finished his address
10 the committee on the following day,
which he did. It was not again read or
many manner considered in commit
tes, and an opportunity to consider or
amend it was refused to all members.
Democrats and Republicans alike. On
Saturday ct 4 p. M, Immediately upon
ths close Of the examination OF Mr.. St
John, Of New York, a motion was made
locOse the hearing and 70 into execu-
tive session.
Upon the attempt OF member OF
The minority to make motion to take
pthe bill ior consideration they were
informed by the chairman, Mr.. Spring.
e. that the Democratic majority had
concluded not TO submit the bill to the
committee for any motion whatever,
bot 10 report it to the house on Monday
and that each member could offer what
amendments he choose in the house.
We, therefore, make no apology for
necec.ing to obey the house, as bound
onOur Oaihs to do, in reporting bills
submitted 10 us.
A JUST CRITICISM.
This criticism OF the bill will not
only be found to be eminently just, but
ia' within the truth when the Carlisle
bill is compared with tho magnitude OF
interests that would be injuriously
.:ascted by it's enactment into law as it
infeported. ltis the opinion Of q num-
Der Of the most clear-headed and emf
sent hnanclers in the country, that If
Carll'le's bill was enacted into law
tlIhln twenty days it would pre-
apllate a panic far more severe than
mat Of 1893, as it would compel the
forced sale upon tho market OF nearly
Two hundred million OF United States
ponds within six months. This hRste
n1.fsport this bill is all the more mex
RcabIe, when it is remembered that
secretary Carlisle testified that this bill
which he had drafted himself for the
Ieiel OF the treasury would not in any
went relieve it materially for five years,
aud 1t might not for twenty yeass."