Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1894-12-14

ind receive in return nnw notes. BY
the now plan the government was Iii.
vorced entirely from the redemption
Of these national bank notes. The
government was relieved OF all re
sponsibility in the matter
In answer to Mr.. johnson, of tn.
diana, MIR Cuilisle said TINT the iden
of the plan was that the stronger
banks should carry the weaker If a
hank failed so badly that it could not
pay it's notes, tho ultimate liability
was placed by the Baltimore plan, on
the government; by the plan propos-
cd by himself, the ultimate liability
was placer on the banks. Mr.. John.
son wanted to know if Mr.. Carlisle
thought ito banks would agree to
this. and tho secretary answered tllnt
tho banks must speak for themselves;
he was locking out for the interests
of tho government,
WAsrINuroN, Dec. 10 Secretary
Carlisle told friends today that he
vas Certain that the bill embcdying
the administration finance reform
plan would pass the House before
the Christmas recess. IIe thought
tho subject was so well understood
that prolonged discussion of it after
tho bill had been actually agreed on
by the committee on banking md re
ported to tho House, would be un
necessary. Secretary Carlisle did not
sly that ho was going to prepare the
bill which tine con.r.itteo would 10
port, but it is tho expectation of some
members of tho committee that he
will do so. He will certainly present
II rough draft, embodying Ills own
views, which ho is understood to
have been working on today, and he
will also be consulted about changes
that may be proposed in details.
1t is over details that difficulties
will arise, for, general understand
ing has already been secured under
which IL bill on tho lines suggested
by tho administration is to be pu
through the House, no agreement
has yet been reached rs to the de
tails of the bill Some members OF
tho House prefer Secretary Carlisle'-
SUI gestions, and others prefer thoss
of Comptroller Eckels while others
have sugge 'tions of their cwu.
Representative Walker, of NIassa
chusetts, said today that ho proposed
to offer his bill as q substitute for the
bill that might be reported by the
banking committee. although he
would probably incorporate in i,
some of the suggestions mnde by
Secretary Carlisle and Comptroller
Eckels.
The arrangement of the details of
the committees bill may delay re
port upon it longer than Secretary
Carlisle thinks, although Mt the fur
thest members of the committee ex.
pect to see bill reported before the
holiday recess though possibly too
late to be disposed of before that va
cation begins.
Tho House can act very expedi
tiously. however, when it wants to,
and in this cnse, in spite of the bitter
opposition of the extreme silverites
and anti bank men and the lukewarn
ness of some of the antiadministra
ton Democrats and of many Repub
licars, it is evidena that the admins
tration and the managers OF the
House are going to have a finance
reform bill passed, and that it may
be done in short order.
1t will be possible to forecast the
probable details of the measure afte,
the hearings are had this week, espe
cially those of Secretary Carlisle and
Comptroller Eckels, who are to pre-
sent their somewhat diverging views
in support of the general scheme be
fore anybody else is heard. Much
interest is felt in what they are likely
to say in response to the questions
of the committee as to their differ
emit recommendations
BUCKLEN'S ARNICA SALVE.