The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-12-20


to she Carlisle Bui.
waxnsnr*on CITY. Dec is-As sccn SIS
th@ regular rcatine. was disposed ~, the
hoszse uent lnto executive session and
tire debate on the currency hs1 was re-
sarneI JohrSon. % Inlsana. one % the
members Of the minority Of fhe banking
ami currency committee. opene3 with a
vigorous speech IN opposition % the Car
lasse bill Admitting the defects og cur
clrr@zay system. perfection could not he
obtained by sfse passage % a bsl along
the hnes suggested by the banking and
currency committee. Il waz much easier
TO attack the present system than 70 offer
a safe substitute. The present system
had given the coantry tire greenhack cur
reney. wgl5ch erablei the government 10
carry on war and had pnoiuced q mar
ket for our honis II tae hoar of danger
and peril. The currency It proinced had
never been Questioned This WAS no time
for experimental legislation. and there
was 10 need for indeceat speed.
The ex sgencies confronting the treasury
had. Johnson said. constrained the ma
5orify members of The committee To affx
their signatures to n report which In
many respects they dld not approve. He
took up the bill section By section. and
attacked lsS variotss provisions lie called
atteution 70 springers opposition TO the
repeal of the 10 per een1. tax on state
banks last spring, and his present advo-
cacy OF a provision for its repeal In thas
bah. Il know OF no change OF heart COM
parable TO it, said Johnson. In either
sacrsd or profane history. unless 1t was
the conversion Of Saul OF TarSals But
there the parallel ends. for Saul was cor
vertea 10 the right. wiibe the gentleman
from Illinois has been converted TO the
wrong" (Republcan appiause.j
The committee then arose temporarily
and an order was male fixing the time OF
meeting OF the house Tomorrow AT II
O'Clock, instead OF Z. This was done 10
enable the house to devote several hours
To debate before the exercises in connec-
ton With the de1scation OF the statues OF
Webster and Stark
warner, New York. also member OF
me committee on banking and currency.
TOOK the noor In support of the pending
measure. he denied that the bankers
VINO had appeared before the comrnitte..
were opposed TO the Carlisle bill, with two
exceptions. Mr.. 81. John. New York. and
A j. Warner, of Ohio. He declared thar
every banker who had appeared before the
oohiinHfee had endorsed the pranciples
upon which the bill was based ana IN
iii.Ihs cases had approved its details.
Eias. hehtucky. followed, and was the
hfst democratic member OF the banking
ana currency eommftte to attack the Car
i.sAs oiL Al the outset. he proclaimed
ei'<it ne was convinced that its passage
would remedy none of the defects of the
present hhancfal system. In the commit
zee TWO eonfiieiing theories had struggled
iof supremacy. One urged by the officials
OF the government who desired protection
from the assaults of the gold spectators.
ana the other urged by the bankers, who
sought TO extend their privileges and in
crease their power and profits. The peo-
pie had nothing to hope from such
schemes. He charged that behind the bill
were the same influences that forced tbs
repeal OF the sherman act, and which on
thaat occasion had predicted that prosper
ity would follow. The repeal OF the sher
man law had now admittedly failed and
this currency scheme had been i=sidious-
ly pressed forward by the same high au-
thority- For thirty years the Democratic
49, - NNN NS&AANthsiANl iAt national Ednk
system. yet Il was now proposing not only
TO perpetuate the system. but TO perpetu-
ate 1t in a form more Objectionable than
that in which il at present existed Ellis,
In conclusion. charged the Democratic
party in congress with being false 10 its
Chicago platform pledges In not passing
tariff bill for revenue only; in not re-
pealing outright the 10 per cent tax on
state banks. and in not restoring silver
10 its position as a money metal on the
same terms with gold. ''The Democratic
promises" said he, will not be redeemed
until the people elect a Democratic presi-
dent When that day comes. as believe IL
wilL the chief executive will not be
chosen from that small and select class
who believe that all the financial integrity
and capacity in this country is quaran-
tined on Manhattan island"
Terry. Democrat. New York. gave no.
tice OF an amendment he should offer. to
make circulating notes redeemab'e by the
banks issuing them in equal parts in gold
and silver. A resolution was passed 10
allow the governor Of New Hampshire and
staff on the floor during the exercises in
connection with the dedication OF the
statues OF Webster and Stark.