The times. [volume] (Richmond, Va.) 1890-1903, 1894-12-20
THE CURRENCY DEBATE.
CONSIDERATION or THE CARLISLE
Bill RESUMED IN THE HOUSE.
Mr.. Warner, OF New York. Advocates tho
Measure. aud Mr. johnson, OF
Indiana, Opposes IT.

ter disposing of the routine business of
| the morning.
The speakers to-day were: Messrs.
| Johnson rep. Ind.), Warner Dem, n.
", and Ellis Dem, KY, all members
| OF the Committee on Banking and Cur
Mr.. Warner advocated the passage OF
| the bill because It proposed rehabllta-
| ton of State banks. and because Of the
fact that IL took the Government out OF
the business OF issuing currency.
Mr.. johnson opposed it because he be-
lieved IL vicious. and because of indecent
haste that was exhibited in putting 1t 10
the House.
Mr.. Ellis opposition was largely based
upon the fact that the bill provided for
a reorganization and extension OF the
National banking system, Wien every
State and national platform Of the Demo
cratic party for years had declared
against 1T. and this came at time when
the necessity tor the services a. fiscal
agents. If ii ever existed, had absolutely
passed.
Mr.. Bland gave notice that he would
move to amend by substituting for the
bill his free coinage of silver and coin
note scheme.
Mr. Berry Dem, Ky) gave notice that
he would at the proper time move an
amentment to the bin authorizing the
redemption of the notes issued under the
bill in gold and silver in equal amounts,
and providing for the coinage of silver 10
n neet these payments.
The House adjourned at 500 o'clock 10
meet at II o'clock tomorrow.
AT O'Clock to-day the debate on the
currency bill will be suspended, and the
ceremonies of unveiling the statues OF
WEBSTER and Stark, presented by the
state OF New Hampshire. entered upon.
Nicaragua Canal Bill in the SenH:e.
WASHINGTON. Dec. 19.-The debate on
the Nicaraguan Canal bill was continued
in the Senate to-day, occupying over four
hours OF the sitting. The attack on the
Dill, which was opened by Mr. TurD'e
SDem:, Ind) on Monday and continued on
Tuesday, was concluded by him to-day,
when he offered a substitute for the bill.
providing for board Of three civil en-
gineers to make a survey and estimate.
declaring that that was as far as the
Senate should go at this session. Some
of his structures and censures on the
bill were resented by Mr.. Morgan. who is
in charge OF the bill but this did not re-
strain the Indiana Senator from declar
ing, i'm his picturesque and vehement Ian
gudge, that If ever the work were COM
pleted il would be an incident, and that
there was no certainty, and no prov siOns
for certainty, that il ever would be
finished. He argued that the reason why
the work was not to be constructed and
paid for i'm sections was that the first
section construction Of the harbor at
GreytoWn and Of the two miles sea
channel i'm iU would cost over one-fourth
of the $4,000 900. and that as soon as that
section was undertaken the hubble would
burst and the scheme would be .-ban-
doned.
Speeches in support Of the bill were
made by Senators CuIIom and Perkins.
No action was reached on the bill
\ joint resolution 10 revive the grade Of
Northumberland OF the United States
army was introduced by Mr.. Hawley
(Rep. ConD, and was referred 10 the
Committee on Military Affairs.
The House bill to establish a Hatio@al
military park at the battlefield OF Shiloh.
I'm lne State Of TenGessec, was taken
from the calendar and passed.
The resolution offered yesterday by Mr..
Lodge. calling on the President for the
paners I'm the eXtradition case Of General
Ezeta, was taken mp ana agreed 10.
The Senate adjourned az the conclusion
of the Nicaraguan debate without trans
acting any other business.
VIEWS or SENATOR CCLLoN.
Mr. Turpie was entitled 10 the floor
when the Nicaragua bill came up bdt
he yielded il temporarily to MI tWI- m
who urged the maintenance of "ihe Wise
policy known as the Monroe doctrine.
The completion of the Illinois -nlp 'dhdl
and the Hennepn canal. he said' WtiS
Injected with the Nicarasu2 'alal
and he looked forward TO the day "leh
steam vessels from all the lake ppfls
would carry the produce oi the est 10
the Pacific ports The importance OF the
undertaking was far beyond any tohNiI-
GRAFTON OF cost or expense. AltfouRH inc
Nicaragua canal should cost "A hundred
millions and should possess no dividend
paying cdpI-ity Stili 10 would DE 1n Hl-
dertakius demanded 10y the military me-
cDssities Of the country dt any ir.tsoui-
blc cost But when IL offered such "a ie-
turn as might ~ reasonably expected ln
its commercial operation, he lell JuSililrd
ia urging the passage OF me hilI-
Nh CullOm wound up has speech WIN
the appeal 10 he Senate tO declare mat
mo pent-up Utica re5fralus our powers
but the whole bDuudless run'ihehl is
curs.'
Mr.. Turpie yielded further TO Mr. Per-
kins CaIJ. who argued IN favor OF me
bin ana asserted that there WAS nplhhiS
complex or difficult of understanding IN
il. The Government Of the Irlted states
virtually undertook the enterprise, ac-
quired an the concessions made by N.ca-
ragua and Costa RiCd. and built the canaI
through an instrumentality OF IT'S own
in the form Of Il corporation, IN when
the Government itself would own seven
tenths OF the stock, and would regulate
the traffic, including rates Of toll;
This Nicaragua canal Mr.. Perkins as
serted. would pay. There was 30 doubt
on that point. II would pay financially,
il would pay politically, and 1t |oulG
pay commercially. IL would pay also az
an exhibition Of American enterprise, tt
American skill and forethOCght, ana OF
American nerve. IL would pay because IL
must receive the cOmmendatiOn OF the
world, ana it would show that there was
Il great question 10 be cCnSidetet great
work 10 he done after the consideration
was concluded, and there was great
people to carry it into effect.
MR. ruKpIE's CRITICISMS.
Mr.. Turpie followed Mr.. Perkins.
In the cOurre OF Mr.. lurpies remarks
a severe comment was made by Nj. Nor
gan. In cnarge OF the bill, IDOn the strlc-
lures and Ceusures induiged IN BY MI
Turpie against the canal company ana
AGAINST the Committee on FOrcl5n kcla-
tiCns \ disclaimer was made by Ar
Turpie, v no said he would take the re
spCnslDllity OF saynS-Would exercise ne
extreme delicacy Of eaNtng-that certain
phrase ia one Of the sections OF the DIE
was "A very favorable one.
THE Senator from lndiai a, Dir. Nor
gan said, with rluch aspeH'Y, has cdrtc
blanche 10 say what he Dle ise5'
THE Maritime Clnal IJmpany' SIR.
Turpie continued, lis wholly without
credit and without assets. Nobody would
insOlvent company.
In further discussion OF the bill MIR.
Turpic declared, with vehemence of man
ner. that the whole purpose and mean
have an endless, perpetual construction
and cOmmotiOn % the enterprise. If. ac-
cidentally. IL is finished well and good:
that is an incident. VI IL is eyer COM
pleted. that is an accident. hut the sew
cnty millions are only 10 be appropriated
in the construction or prosecution Of the
work. There Is no certainty and no pro-
vision for any certainty. THAI the work
VIII ever be finished; and AZ far rs the
legal ntendment Of this bill Is concerned.
It only secures the payment Of money Tor
work done i'm the prosecution of the enter
prise. The legal intendment does rot
compel completion. II does not rSquire
IL. II does not demand that the work
snail be finished. The plain. palpable pre-
sumption, on the reading OF the text.