The Washington times., 1894-12-21
Secretary Carlisle m1 Chairman
Springer in Secret ConferenCY.
CATERING TO THE DIRECTORS
Amendments Which They Hope Will
Help Pass the Measure.
A Long Consultation at the Treasury Depart
ment = Important Changes Proposed,
Which May Meet the Objections Urged by
Democrats-Two Speeches on the Bill in
the House Yesterday-No Date for Vote

The sharp criticisms on the currency bill
have led Secretary Carlisle and Chairman
Springer to consider the question of amend
ing it to meet the views of those who are dis
satisfied. conference was held at the
Treasury Department yesterday at which the
subject was gone over very fully. and as a
result of the talk Mr.. Springer will propose a
number of amendments designed to remove
some of the objections advanced against the
bill.
One objection is that under section 7, some
banks may be permitted to take circulation
OF SO per cent. of their capital stock, while the
bill limits circulation to 75 per cent. OF the
capital stock. This will be remeded by re-
quiring the excess, if any, 10 be retired by de-
posit of greenbacks under existing provisions
of law
The time in which the banks will be re-
quired to comply with the new law may be
extended for two years, and the House may
fix by amendment the time at a more remote
date. The bill will be made clear that bill
holders of national bank notes will be pro-
tected during the time the old banks are con-
forming to the law.
Another amendment will provide that the
government will receive the old notes for in
ternal taxes and cancel them aud issue
NOTES UNDER THE NEW LAW.
II is possible that these and other amend
ments which the Democratic,mai iorjty. of the
Banking Committee may agree upon. may be
embraced in a substitute which can be pre-
sented before the five minute debate begins
SEch a substitute, embodying all amend
ments and improvements suggested by the
debate, is thought to be more desirable than
having the original bill patched from end to
end with amendments.
The conference did not bring out any con-
sideration of the three important amend
ments which have been urged on the floor of
tho House, viz: the issue of bonds to retire
outstanding greenbacks. the elimination Of
State banks and the limiting of q banks la
bility for the losses to other banks to l per
cent. AS to a bond issue to retire the green
backs. this will probably be offered as an
amendment. but it is believed that the feel
ing against bond issues will defeat the amend
ment. The elimination OF State banks and
the limiting of bank liability will also be pre-
sented
AS INDEPENDENT AMENDMENTS.
The House Committee on RuIes did not
meet yesterday and no further steps have
been taken or contemplated for special rul
to close debate on the Carlisle BILL
The debate on the currency bill was COM
paratiyely brief in the House yesterday,
owing to the exercises in connection with the
acceptance of the statues of Webster and
Stark. Messrs. SperrY, of Connecticut, a
rency Committee, and Brosius, of Pennsyl-
vania, a Republican member, championed and
| opposed the measure, respectively. The former
was opposed to various features of the bill
but declared his intention OF voting for it Ii
! nothing better could be secured .ta. :. S