The sun., 1894-12-21
FATE OF THE CURRENCY ELL,
Mr. springer ThiaEs IL Will Pass as ne
and Carlisle Propose TO Amend It.

wAsHINGTON, Dec. 20.-Mr. Springer, believes
that the Carlisle Banking bill will pass the
House by fair majority, notwithstanding the
opposition of the Republicans and some OF the
Democrats. This opinion is also shared by Mr..
Hall Of Missouri, another Democratic member
of the Committee on Banking and Currency.
One of the amendments which Mr.. Springer
will offer TO the bill will provide that the banks
now In existence need not comply with the pro-
visions OF the bill until year after Its passage.
Mr.. Springer Is willing that the debate on the
measure shall continue indefinitely The moro
1t is discussed. he said. and the more It is stud
led. the more certain It is TO grow in strength
among the members Of the House.
Mr.. Springer had a conference this morning
with Secretary Carlisle regarding the criticisms
which had been made by the opponents OF the
measure. AS result OF the conference several
amendments were agreed upon which Mr.
Springer believes will meet some of these OBJ
jections. The Carlisle bill, for example. limits
TO 75 per cent OF the capital stock the circu-
lation which can be taken out under it, Under
the seventh section OF the bill, it is claimed by
some members, certain banks having more than
rs per cent OF circulation would be permitted
70 take out circulation TO the full amount OF 90
per cent. OF the capital stock instead OF 75 per
cent. This apparent, but not real conflict Mr..
Springer explains, will be remedied so that
there win be no confusion, and ii any hank has
such excess it will be required 10 retire II by
depOsiting greenbacks for the payment in the
manner now required by law for retiring circu-
lAtiOn.
il Is believed that the amendments agreed
upon by Messrs. Springer and Carlisle to-day,
as well as Others which Mr. Springer has an
nounced his purIose OF Offering and such as the
Democratic majority Of the committee may
deem necessary To perfect the bill, Will be COM
| blned with those portions Of Il which now
| meet approval and will be offered as substi-
| tute for the bill, in order to avoid the tedious
| delay which would result from their consider
| alton as separate propositions.
The debate on the bill in the House to-day
| was interrupted by the ceremonies attending
| the presentation 20 Congress OF the statues Of
| Daniel Webster and Gen. stark by the state Of
| New Hampshire. Mr., Spcrry Dem, Conn.,
spoke IN favor OF the bill aud Mr. Brusius Rep..
Mr.. 1irow OF Pennsylvania introduced =
| bill 10 amend the National Bank act
| Ia allows ths bank To deposit United
| states legal tender notes in lieu OF bonds
| a. security for their rgulatiOn, the Treas
ury 10 issue on every 500 for value IN
| such Treasury notes SllO IN circulating bank
| notes in tue same way that bank notes are
Issued nov. All the Treasury notes thus de-
posted are "a be cancelled aud The circulating
bank notes issued lu their place are 10 have q Il
/ tLv legal qualities oi tie bank Eptgt no~ "a
0iTCu.atiun. t4r tiuNvrument a. D. uhllr for r.
I dcmption aId nnal IayIueL; Just the same As
/ nov urAFT the NatiUual banA act. Ile notes
! tAus issgsd ars - be s1empI IEOn ta<Aas--