The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-12-20
THE CURRENCY BILL.
Ellis, Democrat, of Kentucky, OPP
posed it Very Strongly.


posed it Very Strongly.
Washington, Dec. 19.-The debate on
the currency bill continued uninter-
ruptedly in the House today. Messrs.
Johnson, Rep.) of Indiana, and Ellis,
lDem) of Kentucky, opposed it, and
Mr.. Warner. Oem) of New York, sup
ported it. The speech of Mr.. Ellis was
of rather a sensational character and
the applause it received from the free
silver Democrats indicated plainly the
unalterable opposition of the silver
men of the House to the Carlisle plan
Mr.. Bland, the silver leader, gave no
tlce that he would offer his free silver
bill as substitute for the bill.
The exigencies confronting the
treasury had, Mr. Johnson said, con-
strained the majority of the members
of the committee to affix their Sigma
lures to a report which in many re-
spects they did not approve He took
up the bill section by section, and at
tackled its various provisions. He re-
called Mr.. Springer's opposition to the
repeal of the 10 per cent tax on state
banks last spring and his present adj
vocacy of a provision for its repeal in
this bill
4 know of no change of heart COM
parable to it, said Mr.. Johnson, 'in
7,
it was the conversation of Saul, of
Tarus. But there are parallel ends for
Saul was converted to the right, while
the gentleman from Illinois has been
converted to the wrong" Republican
applause).
Mr.. Johnson spoke almost two hours
and was literally applauded at the
conclusion of his remarks.
| On motion of Mr.. Springer, the COM
m han o,,,I-
order was made fixing the time of meet
ing of the House tomorrow at IL o'c,ock
instead of II. This was done to enable
/ the House to devote several hours de-
bate before the exercises IL connection
with the dedication of the statues of
/ Webster and Starke
MI. Warner Oemocrat, of New York,
also a member of the Committee on
Banking and Currency, took the floor
in support Of the pending measure He
denied that the bankers who had ap-
peared before the committee were op-
posed to the Carlisle bill, with two ex-
ceptions, MI. st. John, New York. and
A. j. Warner, of Ohio. He declared
every banker who appeared before the
committee had endorsed the principles
upon which the bill was based and in
many cases had approved its details.
The Carlisle Bill Attacked.
Mr.. Ellis DemocraD, of Kentucky,
| followed and was the first Democratic
member of the Banking and Currency
Committee to attack the Carlisle bill.
At the outset, he proclaimed that he
was convinced its passage would
remedy none Of the defects of the pres
ent financial system. In the committee
two conflicting theories had struggled
for supremacy. One urged by the of
ficialS of the government who desired
protection from the assaults of the gold
spectators and the other urged by the
bankers who sought to extend their
privileges and increase their power and
| profits. The people had nothing to hope
| from such schemes. He charged that
behind the bill were the same influences
that forced the repeal of the Sherman
act and which on the occasion had pre-
dicted that prosperity would follow
The repeal of the Sherman law having
| now admittedly failed this currency
| scheme had been insidiously pressed
| forward by the same high authority.
| For thirty years the Democratic party
| had condemned the national bank sys-
tenn, yet it was now proposing not only
to perpetuate the system but to per-
petuate it in a form more Objectionable
| than that in which it at present ex sted
Mr.. Ellis, in conclusion, charged the
Democratic party in Congress with be-
ing false to its Chicago platform
pledges in not passing a tariff bill for
revenue only, in not repeating outright
the 10 per cent tax on state banks, and
in not restoring silver TO its position a
a money metal on the same terms with
gold.
'sThe Democra tic promises" he said
will not be redeemed until the peopl
elect a Democratic President When
the day comes, as believe it will, tn
chief executive will not be chosen from
THAT small and select class who be
lieves that all the financial integrity
and capacity in this country is quaran-
1 tined on Manhattan island"
| Mr. Terry OemocraD, of New York
gave notice of an amendment he should