The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-12-19

| W AhHlNGTOSl ~ ", LUZ To- 4uo us"
cussion on the Carlisle currency bill
began in the house to-day, but the open
ing OF the debate was disappointment.
1t lacked both spirit and interest, and
was devoid OF Sensational faatures Mr..
Springer, the chairman OF the banking
and currency committee, who made the
first speech in support OF the MEASURE,
gave a plain statement Of its objects, lite
details, and gave q review Of the argu-
menrs in its favor on the lines OF those
contained in the report
Mr.. Walker, the leader OF the minor
ity OF the committee, devoted most OF
his time to an elaboration Of his own
bill. As usual, he was decisive. Elm.
phatic and aggressive, and the house
gave him close attention. Mr.. Hall, a
Democratic member ot the committee
from Missouri, closed the debate for the
day.
An effort to agree upon the limita.
tions Of debate failed to-day, and 1t will
probably be allowed TO run on for the
remainder OF tho week without vote.
After the holidays the committee on
rules will. unless the measure loses
caste In tho meantime, bring in rule
to close the debate and force a vote.
while Mr.. Springer was discussing
the provisions looking to the ultimate
redemption and retirement OF the legal
tenders, emphasizing the necessity for
this by pointing out that the treasury
had within the year twice been
forced to issue bonds to protect
the redemption, Mr.. Cannon (Rep.,
Ill asked whether It was not true that
SlOO, 100000 borrowed to maintain re.
sumption had not in reality been used
to pay the current expenses OF tue gov
ernment
"There Is nothing in this bill on that
subject" responded Mr.. Springer cnrtly.
Mr.. Springer gave notice that at the
proper time he would offer sundry
amendments looking to the perfection
OF the bill, among them one permitting
the deposit OF currency certificates
issued under the act Of 1872, S54, 900, 900
OF which were outstanding.
Mr.. Walker (Rep., Mass,), who was In
charge Of the opposition 10 the measure,
then took the floor. He began with a
statement Of the essence OF the Balti.
more plan. The beginning and the end
OF that plan, he said. was to give the
national banks power to withdraw their
United States bonds from the treasury
and issue circulating notes on their
assets up to 80 per cent ltaiofded not
a shadow Of relief and did not deserved
moments consideration. Again, the
bill presented by the secretary OF the
treasury was an amazing scheihe. The
bill had not feature that could be en-.
acted except after remodeling without
endangering the financial interest o
Mr.. Walker spoke OF his own bill aud
its superiority over the Carlisle bill:
He expressed his hope that the bill
would be passed in place Of the Carlisle
bill.
"That would be done II you had the
courage OF your convictions" continued
he, addressing the Democratic side,
"but failing in that hone you will re-
commit the Carlisle bill as l feel you
surely will when you know its charac-
ter"
While describing the matter in which
his bill would redeem and retire the
legal tenders. Mr.. Tracey Dem. N. Y.l
interrupted him to ask II his Dill would
retire the Sherman notes.
"Yes, SIR" replied Mr.. Walker.
"Read my bill and you will find all the
details worked out. l have not been at
work on this bill tor six years Tor
nothing. Nor am l." he added. "the
most stupid man in the world"
II have been laboring single-handed."
lie continued, lifting his arm alott,
until fifteen months ago. when ! de.
livered my Chicago speech. That
reused the country somewhat and IL
has been rousing ever SINCE" Laugh
ter. ,,
OF his bill attracted the closest atten-
ton, and members crowded about MIN,
halloing an endless succession OF ques-
tions, all of which he dexterously met
and parried.
He declared his bill would bring the
country back to the old Democratic
curreuuy doctrines OF Jackson and Ben
ton. The banks when 1t was IN opera:
ton would hold $3.50, OoJ, OOO oil gold and
$3.50, 100000 OF silver.
In conclusion Mr.. Walker, while de-
precating the effect Of the Carlisle bill.
said tnat he had no doubt that in pre-
tepting it the secretary had other than
the highest patriotic motive In serving
his country. llO spoke two hours and
wa. applauded by many Democrats as
well as Republicans.
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In the Senate.