Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1894-12-22
PRACTICALLY NEW.
The Currency Bill That Super
sedes Carlisle's.
SECRETARY AGREES TO THE CHANGE

Points Wherein 1t Differs from the OriSi-
nal-state Banks Covered by IN Almost
Entirely New $cheme-Talk OF Funding
the Greenbacks In the House-Walkef
Makes . Proposition to sickies. who
Pays John shermen u Compliment.
WASHINGTON, Dec. :222-"Fund the green
backs" Is an expression heard in congress
SO often now that If there are any original
greenbackers in hearing they must feel q
cold chill down the back or a hot indigna-
ton against those who would dare to pro-
pose the retirement of the "money that
went to the front" The fact is, however,
that it is the grcenback that is causing all
the trouble with the government gold
reserve. The greenback is the follow that
walks into the sub-trcasuries and says to
the yellow dollar Come out o that, and
the yellow dollar comes. Then that same
grecnback who called out the gold dollar
is Immediately reissued SO he can come in
and call out another gold dollar some
other time.
All Moan Greenback Rotlrement,
So all the bills for new banking sys-
tenn now before the public mean the re-
tireinent of the greenback to greater or
lesser degree. The matter was interest
ingly debated yesterday in the house.
Sickles had the floor and at the start
created considerable amusement by say
ing that he very much desired before re-
firing from congress to put on record a
vote or two in favor of the policy Of the
administration. He desired to support
this bill. There were some good features
in it, and ne would like to see it perfected
in order that he could give cheerful vote
for u bill intended to relieve the financial
embarrassments OF the country. Two
evils threatened the country. First, the
serious drain of gold from the treasury as
result of the outstanding legal tenders.
In this bill he 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 a government debt
which ought to be funded
All Done by John sherman.
"I.et us RETURN said Sickles, ito the
sound principles of the days before the
war. Let us adopt the Mccullough plan
| of funding the greenbacks.
l
demption of the greenbackss" interposed
| Walker (Rep.) of Massachusetts,.
'aThe retirement of the greenbacks, it i.
my recollection" interrupted Warner
(Dem.) of New York." was prevented by
| the Sherman proviso."
81 never heard of any bank feature OF
| our financial system that was not charged
to John Sherman" retorted Walker.
Nor l, either" replied Warner.
"The difficulty with the financial policy
of the Republican party since the wal
has always been the opposition of tn,
Democrats. said Walker. ''iThey com
PEELED compromises. That is the troubl,
today"
Conspiracy Against the verdant Dollar.
Sickles, in whose time the above colloqu,
had been proceeding, at this point took
hand. So high, he said, was his estimate
of John Sherman, whom he regarded rs
the guiding financial light in this country
that he felt sure he would vote for meas
ure to fund the greenbaeks
''How many Democratic votes will yor
furnish for a measure to fund the green
backs?" asked Walker.
IA good many" shouted Coombs, O
New York.
"If you furnish third, {" replied Walker
1--WE will pass such bill"
Sickles expressed q belief that if an of
fort were made in the right spirit on boil
sides bill to fund the grecnbacks woult
pass. He n least would vote for it,
Massachusetts Compliments New York.
1--WE can always depend ON Genera
Sickles for patriotic action on the battle
field and on the floor of this house." sale
Walker.
The members ON the floor and the spec
tators in the galleries applauded and tn
general bowed his acknowledgements
After McLaurin and others had Spoken
Springer introduced substitute for tn
Carlisle bill. 1t seems that the decision
to introduce substitute was taken out O
the possibilities and into the establishes
facts at a meeting of the currency com
mittee before the house met