Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1894-12-20
SPRINGER INTRODUCES THE
CARLISLE BILL.
WITH COMMITTEES RHD0MMEN-
DATION THAT 1T PASS.
A Minority Report Also Presented
Nicaragua Bill Interests Senator's
Several Approve the Project in Gen
eral but Speak Against the FRO
posed Plan.

Washington, Dec. lS.--The house
passed the bill to protect public FOR
est reservations, 159 to 90. Mr.. Me-
Rae, chairman of the committee on
publls lands, moved to pass 1t under
suspension of the rules.
Mr.. Wells, of Wisconsin, charged
that rascality was behind the bill, and
predicted that those who Were push
ing it through with whip and spur
would live to regret their action. All
of the Wisconsin members except
Representative Somers voted against
1t. Mr.. Somers voted for it,
Mr.. Springer, chairman on banking
and currency, presented the report of
the majority ON the Carlisle banking
bill with recommendation that the bill
pass. The report was ordered printed
together with the minority report to be
presented by Mr.. Walker. The ma
jority report, after explaining the re-
suits of possible crisis in which all
national banks would fail and showing
how there would be abundant re-
sources for the redemption of circulat-
ing notes, says:
"Your committee Is OF the opinion
that II the proposed bin should become
a law. it will provide for a safe, sutti-
cient and flexible currency. Such Il
fieXibilty, as is required by the condi-
tons of trade and commerce are now
absolutely wanting. AS outstanding
notes will be taxed half of one per
cent. per annum and as the banks TAX
ing them will be deprived of 30 per
cent. thereof, in legal tender notes,
there will be an inducement to retire
circulation when 1t is not needed, and
at the same time an inducement to
take out circulation when business
conditions require IT,"
Mr. Cultivate, chairman of the mil
itary affairs committee, called up the
army appropriation bill and 1t was
passed without amendment. Mr..
Springer announced that he would to-
day Immediately after call of the COM
mittee call up the banking bill. Adj
iourned.
Inc StDdlt WAS tulltu W OIuti w
Vice President Stevenson.
A communication from Secretary
Gresham relative to the continuation
OF the bureau of American republics
was referred Mr.. Hill presented a
resolution calling upon Secretary Car
isle for copy Of the income tax res
olutions which was passed.
The bill for a national university was
then taken up. Mr.. Kyle, author of
the measure spoke in its support.
The tariff bill was then placed on the
calendar and the senate resumed its
consideration Of the Nicaraguan canal
bill, Mr.. PETER addressing the senate.
He favored the bill under certain con-
ditions but opposed the issuing Of
bonds payable lin gold to raise the
money required. Mr.. Squire followed
with hearty endorsement OF the
canal project Mr.. Turpie offered an
amendment to the bill providing for a
survey and an estimate of the ex-
pense Of construction Of the canal on
the route proposed by three compe-
tent engineers. Mr.. Turpie, though
approving the canal project, expressed
a decided opposition to the pending
bill. He regarded the bill, whether
designed or undersigned, as one OF
those measures which will assuredly
lead to another failure. He enter
tanned grave doubts respecting its con-
stitutionality and knew Of no authori-
ty in congress to endorse or guarantee
payment to any corporation public or
private. Pending the conclusion OF
his remarks the serate went into ex-
ecutive session and afterward ad-
journed.