Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1894-12-20
FEELING AGAINST BOND ISSUES


will defeat the amendment. The elimin-
alton Of state banks and the limiting of
bank liability will also be presented as
independent amendments.
DOWN IT GOES.
If the present rate of decrease of the
gold reserve continues four weeks longer
another issue of bonds will have to be
made. Perhaps the syndicate which se-
cured the recent issue is bringing about
this condition of affairs to force a third
issue at once. The last issue having
proved profitable, another issue would
be welcomed and gobbled up by the same
crowd.
Secretary Carlisle is very much alarmed
over the outlook. He was bitterly OPP
posed to the last bond issue and he
breads another. In consequence he has
pulled off his coat, so to speak, and is
working like Turk with his party friends
in congress to have financial legislation
adopted that will remedy existing condi-
tions. He is at the capitol almost every
day advising with the members of the
banking and currency committee and
leading Democrats generally. He has
given the house his bill as the best cur
rency plan he can suggest, which, how
.c,"er. he says 4.
IS NOT PERFECT,
but can be made so by the house. He
thinks the general features Of it are what
the country wants and he says the country
must have something quick.
After consultation with Judge Culber
son and others Mr.. Carlisle has advised
several changes in his bill. One is that
state banks shall not issue notes off less
denomination than $40, the same as ma
tional banks. Then there are other
minor changes.
Secretary Carlisle has devoted several
months to studying out his proposed
plan. He is intensely interestedln it and
is gratifed at the way it has been re-
ceived. He. however, fears that indecis-
ion in the two houses of congress is SO
great that all financial legislation may
fail. This fear has caused him to devote
all his time to explaining it to members.
In his hearing before the banking and
currency committee several days ago he
made
A WONDERFUL IMPRESSION,
because of his clearness of statement and
familiarity with his subject. Carlisle is
one of the few men in public life who
talks as we'll as he writes. Of-handed
statements he can not improve by revis-
ion. He talks just to the point.
PROBABLE SENATOR.
News comes from North Carolina that
ex-Congressman Hamilton G. Ewart, OF
Asheville, may be elected as one of the
senators from that state in January. Mr.
Ewart served in the 51st congress and il
RENE bered as the southern Republican
who kicked out of Reeds traces and votec
against the force bill. Ewart made quite
reputation in that congress as worker
and an orator. As North Carolina is te
send Republican to the senate Ewar
would be a good selection.
SLEEPING CAR FARE.
Representative Fielder, of New Jersey
though one of the wealthiest men in con
gress, is making kick against Pullman
car fare and has introduced bill t.
regulate the charges.
It provides that passengers shall not b.
charged more than cent a mile fo
lower berths and q of a cent for uppe
berths. 1t also provides that not NOR
than e cent mile shall be charged TO
parlor car fare.
A TEST CASE.
The claims of counsel in the case o
Amaza Daily against the Marquette
Houghton g. Ontonagon railroad, and it
purchasers, the Michigan Land company
were accorded second hearing yesterda
by Secretary Hoke Smith and Assistan
Attorney General Hall. The case is
test one, involving several thousan
acres of valuable lands in Michigan and tn
innocent purchasers clause in the act o
1887 will be interpreted in this decision
Daily entered the lands under the rules o
the general land Office, and his claim
conte sted by the land company, whicl
holds through grants to the railroad. Th
case was recently decided by the depart
ment adverse to Daily, and is now hear
on appeal.
RAILROAD POOLING BILL.
The senate will take no action on tn
railroad pooling bill until after the holi
days. It then will be considered in tn
committee on interstate commerce, re
ported to the senate and pushed as rapid
" as possible. The senators do not thin
there will be any amendments made t
the bill. 1t is said that being measur
satisfactory to the house it does not seel
necessary to change it in the senate.
REPRESENTATIVE HALL.
In the house, speaking on the ne
finance measure, Representative Hall, c
Missouri, member of the committee o
banking and currency, said it must b
: distinctly understood by the member
that the Walker bill was not under di
cussion, and that when they came to vol
they must either vote for the Carlisle bi
or a continuation of the present system
Mr.. Hall contended that the Carlisle bi
was opposed by the national banks b
| cause they preferred the Baltimore pla
) Whyf Because in the Baltimore plan ii
government stood behind the notes i
sued. and in the Carlisle bill the banl
: themselves were responsible for the
notes. Mr.. Hall insisted every bank o
ficial summoned before the committ'
had been forced to admit when cornere
t that currency issued under the Carlis
, bill would be entirely safe. They Of
: posed the bill on account of the fif,
section, which made the banks sole
, responsible for their issues. He ali
8 repudiated the statement that the bill ht
been prepared in haste. He said it hi
. been prepared after fifteen months
d Investigation by the committee on ban