Evening journal., 1894-12-04
General Tracey's Opinion.

4Opuab paftlas ulhllulnB ln9 trhue mark
Of Democracy"
General Tracey's Opinion.
General Tracey Dem, n. Y. said he
would favor some sort of a banking
scheme as suggested by the president,
which would divorce the issue Of circu-
lating notes from the government, but he
did not think any financial legislation
would bo enacted u this congress.
Mr.. Cultivate (Dem., o. said It was
an able presen tation OF the state OF govern
ment affairs, and particularly commend
cd the presidents recommendation for
striking out the differential on sugar
Mr.. Bryan (Dem., Neb. said he was
opposed to any financial scheme which
would give private individuals the power
to issue money.
Mr.. Harter (Dem., O.. characterized
the presidents banking scheme as q good
long step in the right direction, but per-
sonally no thought it ought to go farther
The government, in his opinion, ought
not to guarantee the payment of national
bank notes or Of any corporation. The
notes Of bank were as safe without as
with tho government guarantee. He ex-
preased his regret that the president had
not suggested a plan for the gradual
withdrawal of Rreenbacks
MIR. Springer (Dem, Ills.) said the
presidents message IS largely devoted to
routine recommendations in reference to
the business of the departments. In refer
enoe TO the tariff his suggestions are wise
and timely. He does not recommend any
general legislation, but merely the correc.
tion Of some Of the defects Of tho tariff
law of last session. The business intar-
ests of the country may rest assured that
there is to be a long period Of rest so fan
as general tariff legislation is concerned
in reference to the currency tho president
indorses fully tho recommendations Of
Secretary Carlisle. His report has not
been published as yet. When published
Mr.. Springer would give his recommends
tion careful and earnest consideration
and would also call meeting OF the com
mittee on banking and currency and ar.
range for the prompt consideration Of the
subject. Some measure in reference &C
our currency ought to be reported and
passed during this session.
Representative Reilly OF Pennsylvania
tho chairman of tho committee on Pacific
roads, speaking Of that portion OF the
presidents message which refers to the
Union Pacific railroad, said f" I am glad
the president referred to the subject. II
is a matter Of great Importance, and the
interests of the government are enormous.
In view Of the fact that the indebtedness
Of this company to the government IS
about maturing, the necessity Of some
legislation on the part Of congress is ap-
parent The house committee at the last
session reported bill which, in THEN
opinion, if enacted, would work out a solu.
tion Of the problem, and we expect and
hope that congress will take some action
on the matter this session.
Senator Villas Dem, Wis lit is a
good business message.
commonplace" Says Senator Chandler.
Senator Chandler (Rep. N. H.) said:
"The message is very commonplace
document it ignores the fact that we
have a great silver question on hand, and
it almost ignores the tariff question ex-
oept in referring TO the pop gun bills
and in making the absurd proposal OF ad-
mitting free ships in order to help Amori.
can shipping That is about all there is
to the message beyond recital of depart.
mental routine"
Representative Dalzell Of Pennsylva-
MIA said IN part: The president either
has not heard as yet Of the elections that
recently took place or does not think they
oho VI any HpHNluA aAaiAAANaAtHs Anotu -
absolutely nothing new in tho message.
OF the Democratic members Of the sen
ate committee on finance Senators Noor.
hees, Harris and Vest asked to DO excused
from expressing any opinion on the finan-
cialsviews advanced by the president, and
Senator Jones of Arkansas would only
repeat what no had heretofore said that
he did not believe that any financial leg
islation would be possible during the pres
ent session.
Senator Smith (Dem., n. J.) said that
the presidents recommendation as TO
sugar legislation seemed to be In the line
Of the views he had urged in recent in.
terview. Ho had net given much atten-
tion TO tho recommendation for o new
banking system, Int he considered the
present system safe aud lie thought con-