Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-08
THE FINANCE HILL
mere Is Wide Difference of Opin-
Ion in Hcgnrti IN IL

Mashlngton. Dec 7.--Secretary Car
nsles Plan for the extension Of the
SuIreNcy anu change OF the currency
system has elected considerable interest
ana provoked animated discussion with
wide range Of difference OF opinion.
IL II We're regarded as--sosssb,e that this
OF any other legislation on the general
question could be had at this session
u conBress the presentation of this
proposition would be the signal for n
my contest. However. the point Is
laheh out OF this. as out of every prop
osltlon suggested In the presidents
message to congress, by the fact that
therc IS no prospect of legislation fol-
lowing either on the lines laid down I'm
the massage or on the questions there
treated. For the most part members
OIL the house and senate are somewhat
confused by the Carlisle proposition,
though rev Of them have analysed II
suiiiolently to offer an opinion as TO its
real merits.
The radical silver men require little
more tlan n casual reading of the
proposition to fix them in earnest an
tasonism, but there Is indication that
Mr.. Carlisle was not entirely mistaken
In his conclusion that the Southern
men who favored imitation might be d.
Nlded. However they may feel on the
plan when they come TO analyze It
more carefully. It Is evident that a good
many of them are rather favoraIbly
Impressed by 1t, and In a quarter where
violent antagonlsm might he expected
the proposition IL spoken of doubtfully.
members hesitatng either to approve
or condemn.
Apparently, there Is no possibility Of
the adoption Of the plan by this con-
gress and 1t Is even doubtful whether
measure in any way similar 10 1t will
ever be called up for adoption outside
OF committee. Mr.. Springer, who pro-
poses TO take up the question In the
banking and currency committee, has
heretofore experienced great difficulty
In coming to an agreement on any
question of consequence, xld they are
mcre apt TO disagree on this than on
any that has heretofore been before
them. The plan does not seem TO no
very earnestly lndorsed by any one In
congress. though many speak Of 1t ia
vorably. Even among the Eastern men
considerable doubt is entertained as
to the efficacy of the plan.
senator Chandler says that he rather
favors the proposition as summarized
In the presidents message. The ma
tiDnal bank feature OF 1t, he says. Is
say as much for the state bank fen
ture, He is afraid that that would be
subject to complications. If the ma
tlonal bank feature alone were put in
force he believes that they would have
n sound and sufficient currency. The
requirement OF 80 per cent deposit.
instead of bonds 10 per cent in excess
OF the currency, OF course would weak
en- the currency, but this is compen-
stated for by the fact that credit on
the whole system of banks IL applied
upon the notes. ono difficult PROPOSE
tion which is presented by Mr.. Car
isles system seems to be that some
strong banks might prefer not 10 enter
into n combination which made them
responsible In part for currency issued
by other banks. and these. Instead OF
remaining IN the national bank sys-
TEN. might prefer to become state
banks, where there would be no gem
eral responsibility unless by special
provision Of state law.
a radical Southern view Of the propo-
sition was pretty well stated by Mr.
Snodgrass Of Tennessee. He says that
the proposition 10 Il scheme TO divide
the silver men so as to continue the
power OF the batiks. He credits Mr..
Carlisle and Mr. Cleveland with q pur-
pose of tempting Southern men who
ARE in favor Of silver merely as II tends
TO the extension OF the currency 10 meet
the demands Of trade. but do not care
for the metal as n metal. He thinks
that the idea OF the gold men is that II
the men who occupy this attitude are
supplied with an abundant currency
they VIII not question much the char
acter. and will be satisfied without try
ing to do any more for silver. a cur
rency thus secured would not In his
Judgment. be safe currency. certainly
not as safe as silver. and not having as
much substantial value behind II. He
does not believe that the Southern men
win allow themselves to be trapped
in this way. He regards the movement
as n means 10 hurt silver rather than
to Improve or enlarge the currency OF
the country.