The herald., 1894-12-22


outset OF his speech by saying he very
much desired. before retiring from con-
gress, to put on record vote or two in
favor of the policy OF the administrs.
tion. He desired to aupport this bill.
There were some good features in it and
he would like to see it perfected, in or
der that he could give cheerful vote
for bill intended to relieve tho finan-
cial entertainments of the country.
Two evils threatened tha country: First.
a serious drain of gold from the treas
ury. as result OF the outstanding legal
tenders. In this bill he found no rem
sdy for this alarming meuace. This fact
constituted his first criticism OF the bill;
10 was in. this respect insdeouste. The
government paper WAS in reality gov
eminent debt which ought to be
funded.
Let us return, said Mr.. Sickles. to the
sound principles of ths days before the
war. Let us adopt the Mccullough
plan. eaid he, OF funding the green
backs.
ibid not the Democrats prevent the
redemption of the greenbacks ?" inter-
posed Mr.. Walker. Republican, OF Mas
sach usstts.
THE retirement OF the greenbacks,
it is my recollection" interrupted MIR.
Warner, Democrat, of New York, twas
prevented by the Sherman proviso."
II never heard OF any bank feature of
our financial eystem that was not
charged to john Sherman" retorted
Mr.. Walker.
Nor either" replied Mr.. Warner.
"The difficulties with the financial poll
icy of the Republican party since the
war had always been the opposition OF
the Democrats" said Mr.. Walker.
They compelled compromises. That
ia the trouble today. They have stolen
some of the features of my bill, but by
their bungling thsy have made il worse
than the present system."
FUNDING GREENBACKs.
Mr.. Sickles. in whose time the above
colloquy had been proceeding, at this
point took hand. So high, he said, wsa
his estimate OF John Sherman, whom he
regarded as the guiding financial light
in THE country, that he felt sure he
would vote for measure to fund the
greenbscks.
How many Democratic votes will you
furnish for q measure TO fund the green
backs ?" aeka cd Mr. Walker.
* good many" shouted Mr.. Coombs
Of New York.
IF you furnish third replied Mr..
Walker. I'VE will pass such bill"
Mr.. Sicklss expressed tho belief that
ii an effort wss made in the right spirit
On both sides bill to fund the green
backs would pass. He at least would
vote for it.
1--WE can always depend on General
Sickles for patriotic action ON the battle
field and on the floor of this house,"
said Mr.. Walker. The lmembers on the
floor and the spectators in the galleries
applauded and the general bowed his
ackno judgements.
At the conclusion OF Mr.. Sicklas' re-
marks, Mr.. McLsurin, Democrat, of
South Carolina took the floor in opposi-
tion to the bill, which he said was in no
wise Democratic measure and which
he characterized az stalking horse for
Wall street. He declared this bill
recognized the sub-tressury plan OF the
third party. 1t had been atolen by the
bankers for their ends.
MIR. Rawlins, Democrat, OF Utah op.
posed the bill in brisi speech.
THE AMENDMENTS.
Mr.. Springer then, in accordance with
the notice given earlier in the day, prs
sented the amendments to the pending
measure in the shape of q substitute.
He made lengthy explanation of the
substance and effect OF the amend ments,
which he concluded by saying did not
change the general features OF the origi-
nal bill.
Mr.. Cox, Democrat. OF Tennessee,
gave notice OF two amendments he would
offer destined to remove the discrimina-
tion in the original bill against national
banks and in favor OF state banks. The
first increased the deposits of state banks
from so to 80 per cent to compensate
for the 5 per cent safety fund necessary
in the case OF national banks. The 9TH
or subjected state banks issuing notes of
smaller denomination than $40 to the
existing 10 per cant tag, national banks
being restricted by the bill from issuing
notea OF q less denomination than $40.
WALKERS SUBSTITUTE.
Walker then secured an arrangement
for printing the substitute together with
hia substitute in the record side By side.
Two billa were then paased by unani-
nous consent, one by Ellis, Republi-
can. of Oregon. to exempt articles de-
signed for the Portland universal expo
sition from duty, and the other by
Lynch. Democrat, of Wisconsin, for the
relief OF homssteadsrs whose property
was devastated by the forest fires last
year.
The special order for a night session
was vacated, and the house at 10 pm.
adjourned.
HAS 1T IN FOR GRESHAM.
What Man From Biusfislds Says of