The Washington times., 1894-12-17
HOT TIMES In STORE
FOR The BANKING BILL
Lively Sessions Expected in the
House Over the Carlisle Pan.
OPPOSITION on BOTH SIDES
Nevertheless 1t Is Likely to Pass Be-
fore This Week Closes.
Action of the Committee Much Commented
on-scme Democrats Dissatisfied with
Certain Features of the Bill, But Likely
to Fall in Line for It-Rerublicans viii
solidly Oppose n-Progress of the Week.

TO Fall in Line for It-Rer ublicans Win
solidly Oppose It-progress of the Week.
The decision OF the House Committee on
Banking and Currency to report favorably
the Carlisle currency bill and ask n rule by
which a vote can be forced upon it before the
holiday recess. has created quite stir among
members OF both branches of Congress. 1t
was understood from the first that Chairman
Springer would favor the proposition. since
it was pressed by the Administration, and it
was also presumed that the bill would 50
from the committee to the House with some
sort of favorable action, but it was scarcely
expected that it would be swallowed whole,
and repo;tcd without the dotting of an
or the crossing OF al
But il seems that the committee lea lers
found that the opening Of the bill to am end
ment in the committee would lead TO almost
endless d scussions and differences in that
10 ~, and that the only way to get prompt
act on would Ice TO bring it at cnce into the
House and ask an orlec for a limit to dis
cussion and Il prompt vote 1t can be safely
said that tue bill satisfies nobody in the COM
mites absolutely. Two Of the Democratic
members went so far as to vote against 1t in
committee, rs has already been announced,
and il is known that one or two others only
voted for it in committee for the purpose of
getting il into the House. where they would
have beJer opportunity Tor discussion.
The Southern members of the committee
and the Southern statesmen generally are far
from satisfied with the general features of the
bill. They say frankly that they do not like
the idea of seeing a Democratic Congress
pass measure which will perpetUate the ma
tionai banking system, against which The
Democratic party has always fought. In
deed. it is probable that they would not co n
sent to support this measure at all but for
the advantages which they think it will give
10 the State banks in permitting them to is
sue a circulation under certain restrictions,
which they hope
MAY BE MODIFIED LATER on.
On the other hand. it is understood that
the friends OF the national banks generally
viii oppose the bill, as il really requires the
banks to deposit SO for every 500 OF circu-
lation aud get no interest upon the deposit.
AGother argument which IS being urged
against the bill is that il makes the notes OF
the tanks a first lien upon the entire assets OF
The hanks and thus reduces the chances of
Gel ositors realizing upon their deposits of
cash is case of failure of the bank. There is
lEdeOL 10 DtiltNt ALtL liit ldtittltil BtaAh III
fuence generally viii be out in full force IN
opposition to the bill, rreierring that there
shall be no legislation rather than the passage
OF this measure.
The silver men. too, viii oppose it, so far as
the general features 20. though they are not
ayerse TO the State bank issue provided blythe
bill Ii is quite likely they may make a fight
for an amendment which will permit the free
coinage OF silver dollars and their deposit as
part Of the 30 per cent. guarantee which the
banks are required by the bill to make in
United States notes or Treasury notes.
The friends Of the bill. however. believe
that they Will be able to pass it. OF course,
tie Republicans will vote against it. and it
z ay be that as large percentage Of the DEM
ocrats OF the House will not refuse TO support
il as was the case in committee, yet they be-
lieye it will he passed and sent to the Serate
though il is conceded that there is little pros
Pect of
ITS PASSAGE N THAT BODY.
The committee will ask the Committee on
Rules to bring in a rule to-day giving them
final vote on Friday next. The Banking Com
mittee desires to prolong the sessions so as
10 begin at II a. m and continue until 1890
at night. with a recess from TO p. m. The /
terms Of the special rule will lie submitted to
the COMMITTEES on Rules tomorrow. There !
is considerable opposition among the Demo- |
crGtS Ol the House 10 Inc snort limit IS pro-
posed 10 set upon the debate.
Many Of them feel that Il measure involv- |
ing such gigantic interests. contemplating as
il does a revolution in the entire banking sys- !
TEN OF the country. should not be crowded |
through in haste. This feeling is shared by
some OF the most prominent Democratic |
leaders of the House. and it seems a large
possibility that the Banking and Currency
Committee viii be oyerrulsd and the special
order will give this week to debate with pro-
VISION for a final vote alter the holiday recess.
To-day the House will take up and dispose
of the Army appropriation bill. The adjourn
ment for the holiday recess will probably
occur on Saturday. The talk of continuing
the session without the customary recess
seems TO lie based
OK VERY SLIGHT FOUNDATION.
The Nicaragua Canal bill hold its place as
the unfinished business on the Senate calen-
dar. and the general understanding is that it
viii continue to occupy the attention Of the
Senate with few interruptions, and those hy
consent. until "A vote is taken upon il. The
ill only arises on each day after the disposal
of tie morning business and il will surren-
der this place temporarily on Thursday to
permit the ceremony IN cOnmemUratioa OF
Webster ard Stgrke at the unyei.Ing Of their
statues, which have been placed in the Capi-
toll
There IS also a probability that the Commit
&c on Appropriations may ask consideration
Tor tte urgent deficiency bill toward the last
o. the week. IL Is understood that Senator
Cockrgll. chairman oi this committee. Will in
sist upon the Importance Of getting ihis bill
through before the holidays. aud that he will
ask the committee 10 pass upon it Monday or
Tuesday. There is little probability. how
ever. that any OF the other appropriation bills
viii receive the attention OF the Senate dur
ing the week.
The disposition among Senators is favor
able 10 On adjournment on Thursday until
alter the Christmas holidays, but it is prob
able thafthe House will not consent TO this
arr angement and that the arrangement
WILL EE DELAYED UNTIL SATURDAY.
The programme. therefore. with reference
10 the holiday adjournment, SO far as has been
arranged, Is to adjourn on Saturday, the 22d
instant nntfl Thursday the Sd of Januaray