The morning call., 1894-12-22

posed from the Democratic side, and APP
pealed to his party opponents to patroti-
cally join in the perfection of measure
that would relieve the treasury and insure
the welfare of the country. He declared
with an emphasis that provoked howl OF
derision from the Republican side, that at
this time the Republican party stood by.
sup inely fiat upon its back, while the
Democratic party was trying to save the
country.
Russell (R) followed Pepdleton with an
argument in opposition to a measure which
proposed. he said, to destroy a natlnnal
banking system that bad stood the test OF
thirty years.
Sickles 3D. of New York created con-
siderable amusement at the outset OF his
speech by saying he very much desired De-
fore retiring from Congress to put on
record vote or two in favor OF the policy
OF The administration. He desired to sup
port this bill. There were some GOOD
features in it, and he would like to see IL
perfected in order that he could give
cheerful vote for bill intended to relieve
The financial endorsements OF the coun-
try. Two evils threatened the coun Try.
There was first a serious drain OF golu
from the treasury as result OF the out
standing legal tenders In this Dill ne
found no remedy for this alarming menace.
This fact constituted his first criticism OF
the bill. 1t was in this respect inadequate.
The Government paper was In reality
Government debt, which ought to be
funded.
Let Us return" said Sickles, ito the
sound principles of the days before the
war. Let US adopt the Mccullough plan
of funding the greenbacks
Did not the Democrats prevent the re-
demption of the greenbacks?" interposed
Walker (R) of Massachusetts.
"The retirement of the greenbacks. 1t is
my recolleciiop," interrupted Warner CD
of New York, twas prevented by the
Sherman DrOviso."
II never heard of any bank feature of
our financial system that was not charged
TO John Sherman" retorted Walker.
Nor [ either" replied Warner.
THE difficulty with the financial policy
of the Republican party since the war has
always been the opposition of the Demo-
crafts" said Walker. They compelled
compromises. That is the trouble to-day.
They have stolen some of the features of
my bill, but by their bungling they have
made it worse than the present system"
Sickes, in whose time the above COLO
guy had been proceeding. at this point took
a hand. So high. be said, was his estlma-
tion of John Sherman. whom he regarded
as the guiding financial light in this coun-
try, that he felt sure he would vote for a
measure TO fund the greenbacks.
IIoD fio will
furnish for measure to fund the green
backs?" asked Walker.
"a good many" shouted Coombs OF
New York.
IF you furnish third" replied Walker.
1--WE will pass such dill.
Sickles expressed the belief that if an
effort was made in tn e ght spirit on both
sides bill to fund the green backs would
pass. He at least would vote for il.
eve can always depend on General
Sickles for patriotic action on the battle
field and on the floor IF this house." said
Walker. The mbers on the floor and
the spectators in the galleries applanded,
and the general bowed his acknowledge
ments.
At the conclusion of Sickles' remarks
McLaurin 3D. of South Carolina took the
floor in opposition to the bill, which, be
said, was in nowise Democratic ~ Measure,
and which he characterized as stalking
horse for Wall street. He declared that
this bill recognized the sub-treasury plan
of the third party. 1t had been stolen by
the bankers for their ends.
Rawlins 3D. of Utah opposed The bill in
brief speech. and Springer then, in ac-
or6 wit ha civ Ri ",
the day, presented the amendments to the
pending measure in the shape of substi-
tute He made lengthy explanation of
the substance and effect of the amend
ments. which ne concluded by saying, did
not change the general features of the
original bill
Cox 3D. Of Tennessee gave notice of
two amendments he would offer destined
to remove the discrimin alton in the origi-
nal bill against national banks and in
favor of State banks. The first Increased
the deposits of State banks from 80 to 80
per cent to compensate for the 5-per-eent
safety fund necessary in the case of ma
tional banks. The other subjected State
banks issuing notes of smaller denomina-
ton than $40 to the existing 10-per-cent
tax, national banks being restricted by
the bill from Issuing notes of less denomi-
nation than SO.
Walker then secured an arrangement
for printing the snbstitute together with
his in the Record side by side.
Two bills were passed by unanimous
consent, one by Ellis (R.) of Oregon to ex-
empt articles designed for the Portland
Universal Exposition from duty and the
other by Lynch CD Of Wisconsin for the
relief of homesteaders whose property
was devastated by forest fires last year.
The special order for night session
was vacated and the House. at 10 p. NJ,
adjourned.
VIRTUALLY IT is NEW.