The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-12-18
DEBATE BEGINS.
The House Considers the Carlisle
Currency Bill.
Mr.. Springer Opens the Discus
sion in It's Favor.
WOULD LIMIT DEBATE.
M. Walker Protests Against
Such Undue Haste Now.
Jerry Simpson is On Hand With
an Objection.

WAsHINGToN, Dec -Notwithstand-
ing that the debate on the currency bill
was scheduled to begin IN the house to-
day less than 100 members were present
when Speaker Crisp dropped the gavel-
The attendance in the public galleries
was very light. The committee on rules
had prepared d special order under
which the house should operate, but had
decided in view of Democratic oppOsi-
ton to the measure not to offer il at
present but to allow Mr. Springer TO call
up the bill by virtue of its privilege.
Immediately after the call Of commit
tees for reports therefore. the chairman
of the banking and currency committee
moved that the house 60 into committee
of the whole for the consideration of
the measure His motion prevailed with
out division, and Mr. Richardson (Dem.,
Tenn.) took the chair.
Mr. Walker (Rep, Mass. in charge Of
the opposition to the measure, gave no
tice that at the proper time ne would
offer a substitute.
Mr. Springer, before entering upon his
arguments, attempted to effect
rangement by unanimous consent for
setting the limit Of debate. He asked
that general debate should be cOnsld-
cred closed on Saturday next when the
holiday recess would be taken
Mr. Walker protested against any arr
rangements at this time. He said he
felt convinced that no member would
discuss this measure ID other than a seri-
Gus vein. The subject was too grave. It
could not be trihed with.
When Air. Springer's requests were re-
ferred, Mr.. Simpson, Pop, Kan. prompt
~ objected.
The attempts to reach an arrangement
having failed, Mr.. Springer took the
floor and made the opening speech IN
favor of the currency bill
Mr.. Springer declared that the COM
mitiee had given the subject the most
careful consideration. 1t had carefully
examined the recommendations Of the
president and the secretary Of the treas
urey had called before it some Of the
abIest financiers in the country. and the
result had been the presentation of the
pending measure as measure Of Enan-
cial reform.
He did not pretend to say that tho bill
re pres sented tine views OF Individual
members of the committee. 1t was a
compromise, and as such harmonized
with the views of all
1Ir. ~ickles Dem. n. ~ Interrupted
Nr. Springer TO ask him how he recon
ciled the second and fifth sections Of the
bill
The second provided that the
note holders shOuId have first
lien on the assets Of the bank issuing
them, then they gave the association of
banks contr buting to the safety fund a
first lien on the assets
Mr.. Springer replied that the proposed
act gave the bin holders the first lien on
the assets. the banking association d first
lien on the remaining assets.
But the word remaining is not in the
fifth section" said Mr.. Sickles.
ssThat viii be the effect Of the law
remarked Mr.. Springer.
1T is not law vet. - retorted Nr. Sickles.
you must vote ii through first"
Mr.. Springer finally admitted that the
word remaining" should have been IN
corporated in the fifth section, but said
this was one of the slight defects Of the
bill that could be readily corrected
In case of panic II half the banks in
this proposed system" inquired Mr. Ma
b one (Rep Pa.) should fail, would rhe
other half be assessed to redeem the
failed bank notess"
'Certainly."
That IS. the solvent banks would be
bankrupfed to aid the insolventr"
There would be no such result,v re-
piled Sir. Springer. "f all the banks
should fail under this system the note
holders would be secure
In answer to an inquiry by Mr.. Simp-
son, Pop, kan-) air Springer said that
as far as the retirement Of the legal
tenders was concerned. Tor every dollar
deposited in the treasury by the banks 81
in circulating notes would be issued
N THE SENATE
The Appropriation for Public Printing
Is Passed.
" WAsHINGTON. Dec. 1S.=One of the
first acts of the senate TO-DAY was to pass
an appropriation of 100000 for public
printing, Chairman Cockreu OF the ap-
preparations committee saying that it was
absolutely necessary, for the public
printing would come to q stop this eve
ming.
Bland has q Plan.
WASHINGTON, Dec Representa-
tive Bland of Missouri, will move to
strike out all after the enacting clause in
the Carlisle currency bill now before
the house Of representatives.. and
substitute a measure he has pre-
pared for currency system based
on ooin and coin notes. Mr.. Bland
plan does not interfere with the existing
national bank system, but instead Of al
lowing banks to issue notes az the Car
Isle plan proposes, Mr.. Bland proposes
that the government issue the notes call
ing them coin noIes- These are to be
redeemed IN gold aud silver coin and the
government is to coin both metals.
Five Persons AfIled
WEST BAY CITY, Mich. Dec 1s.-By