The Washington times., 1894-12-23
Eir. Springer's Substitute Does
Not Find Many Friends.
IT'S FATE STILL UNCERTAIN
Parting Shots Fired at 1t BY Demo-
Gratis in the House.
Representatives Coombs, Bryan, Bell and
Bowers Make Savage Attack Upon 1t
No Voice Raised in Its Defense-Never-
theless IT'S Sanguine Author Feels Hope
full of It's Ultimate sage-Adjourne

The House of Representatives took another
turn at disseciing the currency bill yesterday
and then adjourned until January 5. There
was little Hurry in the early part of the day
over an attempt by Senator George 10 prevent
the adoption of the recess resolution by the
Senate, but the effort was coldly received and
Mr. George withdrew it. Thrreupon the
resolution passed and the Senate adjourned
without transacting any business.
Meantime there hal been reasonable ac-
tivity at the House end, considering the fact
that there were not more than one-fourth OF
the members in attendance. Mr.. Springer's
new BILL which he introduced late Friday
evening, wa, read and discussed by the MEM
bers, who seemed generally of the opinion
that If Mr. Carlisle and Mr.. Springer could
not frame bill that would stand four days
criticism in the House, their second one would
scarcely be likely to be satisfactory. On the
whole, the new bill was looked upon as
something of an improvement on its prede-
cessor, but still scarcely likely to pass. Mr..
Springer, however, did not Join in that belief,
but expressed himself as hopeful.
LAS yet no canvass has been made, said
he, s'but from the general sentiment among
members l feel that most of the objections
heretofore ur ed have been overcome by the
substitute introduced last night. 1t is proba-
bic. however, that there will be a party oppo-
sition from the Republican side notwithstand-
ing the changes we have made, as the minor
ity are not lik ely TO support any measure I'M
frsANN llTT mat md
even then it is doubtful whether they would
support any bill originating with the Demo-
Gratis. But with the harmonizing OF feeling
on the Democratic side think we will have a
SAFE MAJORITY FOR THE BILL.
Tho measure in its present form COM
mands the support OF all who are desirous OF
securing a sound currency, with the single
exception of the radical silver element, which
has no aith IN any kind of currency-issuing
banks, and will accept nothing but govern
ment Issues OF fat money"
Eepresentive Bland announced that he and
the silver men generally would go right on
Il hting it just the same. Mr. Bland said in
taking OF it: Dn ,--
mo change short of eliminating national
banks OF issue will rake ihe,biil approach an
acceptable form. | am not prepared TO say
that my substitute for issues oEcoln ilndE0oln
notes directly oy the govern nent viii pre-
vail IN the House, but it will certainly be
/ urged with vigor after the holidays. and L
have no doubt of its commanding very sub
staniial support. In my judgment, it IS not
going to pass in the House ot Representa-
tives.'
In the early part ofathe session MI. Caembs,
OF New York. who has usually supported ad-
minis;ratiye measures, iit.i ekett th4s bhts so
/ did Mr.. Bell, OF Texas. The chief feature OF
I ha HaV hnUGVpr ng Snppch hv nj r. hryan.
! of Nebraska, who held r-ths attention, OF the
members, at the end OF d listless session, for
! over two hours. Mr.. Bryan attacked the bill
| and the administration vigorously, setting on
| the opposing financial theories of Jefferson
and Cleveland. and unhesitaJingly taking his
/ stand with Jefferson. His expressions were
LITERALLY APpLAUDEp.
Mr.. Bryan said that stripped OF its verb
iage. this bill was simple proposi ton 10 au-
| thorize the government to loan banks money
at a low rate of interest or a. no rate, to be in
turn loaned by them at whatever rate they
| could secure.
..Mr. Cleveland thinks said he, "'that the
| issue of currency is a function of the banks.
Jefferson decla ed such issue function OF
| the government and thought the banks
should go out of the governing business.
am not ashamed to say that | stand by
Thomas Jefferson and not Grover Cleveland y
Mr. Bryan said he had been, and was now.
in favor of gold and silver money, because
the amount of money would depend on the
law OF supply and demand.
At the close of Mr.. Bryan's speech the
| House, at 5:l0, adjourned under the resolu
tion until January 8, 1925.
1t is probable that caucus will be helc
soon a ter Congress reassembles to try tt
agree upon a bill. t~s@---