The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-12-14
Opponents of Free State Banks and
silver Advocates, Led by MT. Bland,
10 Oppose the Measure.
MISSOURI'S HALL REBUKED
"sAT DOWN ON" FOR TRYING TO
SHUT OFF INDIANA's JOHNSON.
Financial Views OF Banker CornwelI,
Editors Dana and Dodsworth and
Mr.. Hepburn-Carlisle's bill.

WASHINGTON, Dec. 13.-The banking
and currency committee. which has been
giving hearings for the past week to all
men interested In the reform OF the present
banking and currency system. to-day de-
cided TO end all hearings on Saturday. Con-
sideration of bill will be at once begun.
and IL is Chairman Springer's confident be-
lief that by Tuesday or Wednesday at the
latest he will be able to report a bill &c
the House. The bill will be on the gen.
eral line of Mr.. Carlisle's draft, but viii.
contain enough of Mr.. Springer's individual.
ity to make il become known as the
Springer bill. 1t will be adopted in COM
mittee by a strict party vote. The Repub-
lican members of the committee win oppose
in committee room and I'm the House all
schemes for new currency legislation which
will repeal the present tax on State banks.
which recognizes any other than the
government as the guarantor for all cur
rency issued
The bill will be whipped through the
House as promptly as possible. Mr..
Springer has already conferred with Speak
er Crisp and Mr.. Catchings. of the rules
committee. with a view to obtaining a
special order from the committee on rules
to fix the time for the debate and taking q
vote. Mr.. Springer is sanguine enough to
believe that he can pass the bill through
the House before the adjournment for the
Christmas holidays. He may find opposi-
tion, however. Mr.. Bland has pulled him
self sufficiently together to announce that
he will offer free-coinage OF silver bill
as a substitute and thereby bring the silver
issue squarely before the House. IL viii
not be surprising. however. IL the currency
bill passes the House. The free State bank
provision in It Will catch very many South
ern and Western votes which would other
wise rally around Mr. Bland in opposition
At the same time this very provision will
drive away many OF the Republicans votes
on which President Cleveland and Secre-
tary Carlisle have always depended In their
past contentious for honest money and
sound financial doctrines.
TO BE BRIBED WITH "PLUMS."
The President and Secretary believe they
can force the bill through the House. 1t
is being given out that Mr.. Cleveland still
has a few plums wherewith to reward
the good boys in the House. and IL Is
known that SIr. Springer Is TO be safely
provided for as soon as the bill passes.
The knowledge of Mr.. Springer's good
fortune is being carefully circulated by
administration members. with the apparent
purpose of winning over doubtful members
who, since their defeat at the polls last No
vember see themselves threatened with the
possibility Of being compelled TO earn a
living outside of the public service Hence.
there Will doubtless be a general rallying
around the administration standard. But
both Mr.. Cleveland and Mr.. Carlisle feel
that the bill cannot pass the Senate. Mr..
voorhees's determination to offer a free
silver bill will furnish the necessary nail
on which to hang interminable speeches.
and the administration interprets yester-
days refusal TO adopt cloture in the Sen
ate as the first point in the game TO fill
buster any currency bill TO death in the
present session of Congress. There viii
be no relief until the House is Republican
and the Republican forces in the Senate
are materially strengthened.
There was an exciting scene in the morn
ing session Of the banking and currency
committee between Messrs- johnson. OF
Indiana, and Hall, of Missouri. Mr.. john
son is vigorously opposed to any currency
scheme which contemplates free State
banks or any other than government
guarantee of all circulation issued. and he
has been careful to discuss with every one
who has appeared before the committee
in what respect the plan advocated by him
departs from these two fundamental prop
dtions. Mr.. Hall. ON the contrary. being
a Southern member, has hotly favored ev-
cry scheme that included free State banks.
and has watched with undisguised resent
ment the Indiana Republicans careful
questioning To-day his impatience reached
a climax when Mr.. johnson was probing the
New York journal Of Commerce. Mr..
Dodsworth's scheme involved free banks.
but under Mr. Johnson's questions he final
Iy acknowledged that he would so surround
the State banks with all the safeguards OF
federal inspection, control. ETC.. as TO make
them practically national banks
HALL LOSES HIS TEMPER
Then Mr.. Hall angrily sprang to his feet.
Il insist that you stop this eternal
catechising." ne cried. You ask more
questions than any two men together. and
always on the same lines. We have but
very little time, and you are monopolizing
it,"
Mr.. johnson replied that II was true the
Democratic committee on banking and cur
rency had .'set aside but little time In
which to revolutionize system OF banking
which has brought the country prosperity
for thirty years" but that Mr.. Hall might
do better not 10 try 10 hamper his efforts
tosmprove that short time AS member
of the committee he had q perfect right
TO ask questions. and he proposed TO ex-
ercise his right.
Mr. Hall angriiy demanded that Chairman
Springer call Mr.. Johnson TO order.
II find no reason 10 call ar. Johnson 70
ORDER replied Mr.. Springer ION the coa-
trary. his questions are eminently intelli.
gent and proper"
Mr. Cox. a Democratic hember OF the
committee protested against Mr.. Halls
conduct. and courteousiy offered Mr.. john
son his time for further questions. Mr..
Johnson declined to accept as a favor what
was his right. Mr.. Hall appealed 70 the