The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-12-08

washington, Dec. AT the opening
Of the session of the House today, ON
motion of Martin Democrat of Indiana)
the order for a night session this even
ing to consider private pension bills, was
vacated.
The committee on banking and currency
was given leave to sit during the ses-
sions of the House.
The House went into committee of the
whole TO consider the presidents mes
sage.
Mr.. Wilson, of West Virginia, moved
that the committee of the whole be dis
charged from the consideration of the
message and that its various parts be
referred to the standing committees hav-
tng jurisdiction. The motion was agreed
10.
Mr. Grow Republican of Pennsylva-
MAJ, in accordance with the notice prevl-
puSly given, addressed himself to the
banking scheme promulgated in the pres
sdent's message. He said ne believed
- the law should remain exactly as it was
except that the banks should be allowed
TO deposit money as well as bonds for
fcirculation and take out $40 on every
90 in money deposited and in circulation
~. no par value OF the bonds. State
banks, he believed, should have The same
rights to issue with the same liability to
Hhe government, together with personal
liabilgty of stockholders.
In the morning hour, Mr.. McRae, from
the committee on public lands, called up
the bill to protect forest reservations.
Mr.. Wells, of Wisconsin, opposed the
bill in every feature. The attempt to
drive this bill through under the whip
and spur smelled Che would say savored
If he did not have such high respect for
the chairman of the public lands COM
alittee) of Doodle. 1t was The forestry
ASSOCIATION that was behind this bill
There was another association behind it,
which had its origin in Maine fifty years
ago, and had now extended to the Paci-
fc slope. 1t was the association of tim
Der thieves and land sharks. If these
timber thieves were allowed to go into
public forests they would bride the
agents of the interior department and
Michigan and Wisconsin, he declared exy
cttedly, had grown rich on plunder and
then bought seats botE in this house
cate of the bill to show a line in it des-
tgnated to protect the public forests.
When Mr.. Wells took his seat, Chair
man McRae Indignantly denied that there
was any land ring or association behind
the bill. He had assumed the response
biltty for the bill, and If the gentleman
from Wisconsin knew of any hidden
p&wer behind it, ne would yield time for
tf3nn to make known its mature,
A. said before" replied Wells hotly,
81 believe in your honesty, but the gen
tleman is green in the lumber business
and I believe THE gentleman is being de-
ceFred and made a tool
" may be green in the lumber bust
ness, returned Dul L tame pIlOS
in the fact that 1 represent one of the
largest timber sections in the country.
My state, however, is not affected by
yhis bill. There is no interest behind this
BILL save such as ought to inspire every
patriotic American-the protection of the
forests from devastating fires and timber
thieves"
After some further. debate by Wilson. of
Washington, and Picker, of North Da-
fzota, and Coffeen, of Wyoming, the morn
Ing hour expired and in ACCORDANCE with
the terms of the special order, the rail-
read pooling bill was taken up.
Mr.. Bartlett, of New York addressed
ing in support of legitimate and legal
pooling. 1t IS urged that the granting OF
the pooling privileges would be an en-
ways. It would simply be the restoration
of that freedom of contract to which they
were entitled by common law before the
Interstate commerce act robbed them.
The railway companies were entitled 10
conduct their properties at a fair proht.
Mr. Bryan DemocfFa th OF oil, N Shicb al.
bowed the railroads to appeal from me
decision of the commission reVoklng poor
s,r- orders The commission should have
I11+e control if the pooling privileges
to be permitted, but he opposed any
,rizing pooling. Pooling subVerted
MED the right of the government to in
terfere with free and fair competition.
The protection of society from eXtortion
rested on competition. The time had
come when railroad rates should be reas-
enable. and he offered an amendment with
which he wanted to test the sense of the
House. Unless one principle was TO exist
FOR other CORPORATIONS and one for rall,
roads. railroad rates should be calculated
on the present actual value of railroad.
The amendment was as follows:
ain determining the reasonablenesS OF
rates the commission shall allow profits
only on the cost of reproducing the roads Ids
.s-aTdlese Of original cost, regardless of
[ The amount of indebtedness and regard
Mes of the amount of capital stock issued,
whether real or fictitious.
Mr.. Bryan was applauded when he
finished. .t.a 49,
Nv Wise chairman of the interstate
commerce committee. supported me OH;
AT O'Clock. the House adjourned untll
tomorrow.