New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-19

ySer in the Of b sys Ud S
pressure Of the laws 0' of trade compeled man to
take silver when that would serve his purpose and
pay his debts. He desired. he said, provide use
for silver. and his bill would do 50: THE laws OF
giess can"
Returning to the question of redemption of notes.
Mr. Walker said he wanted 10 get back to the
Jackson Benton Democratic platform of compelling
the banks. in return for the franchises granted
them to maintain at their own expense the parity
of their notes with gold. Il want Congress" he
said. ITO do with regard banking just what it
does with regard to murder and theft NEEDLE for
the benefit of the whole people and for nothing
Under the operations of his bill, Ny Walker said.
the losses from failed banks in the last thirty years
preparing his bin; and he continued; Il am not
the stupdest man on earth. Daughter) I've spent
more nights working on it than money would hire
Mr. Walker expressed the belief that if his bill
were enacted into law within eghieen months and
the financial difficulties now threatening the coun-
try would be entirely solved
Mr.. Tracey asked how Ions. under his BILL it
Mr.. Walker replied that in his opinion 1t would
Mr.. Tracey said he asked the question because he
hH n S In s1 r w @PSn the
have wrtten-criticsed the Secretarys views on
that subject ,--,.. =, -
secretsry's bill was mandatory. You tell your
SO SIX c S that D ne does not To do he
any grit and if he's big enough he'll lex s, YOU,
for his benefit. and sit down 10 show him how II
will be So he will go right of to do II. nder me
Carlisle bill the banks won't do what they VIII De
glad to do under the Walker bill. may take a
little rose-colored view OF that subject however;
may be somewhat tinged with par,isanship on mat
point but hope not. -
In closing Mr. Walker said that his bill provided
for the appointment OF commission consisting oi
the five leading bankers in the five principal re-
demp:ion cities who shall give the secretary or the
Treasury advice and 'ounSei in all matters reIauhs
TO the financial matters OF Government This Was
a measure OF relief to the Secretary that WAS worth
a whole session of legislation. Manning mas dled'
Window has died. and any Secretary who remains
a the head of the Treasury Department Tor foui
years and does die has 10: done his duty.
Mr.. Hall dem. Mo- said that the situation be
fore the House presented but two alternatives the
present National banking law and the 'aIIise bIi.
II the desire OF the House to change the pres
ent law to afford any relief TO the country. the
Carlisle hill must be voted for. MI han devoted
himself some length to criticism o me minority
report the Carlisle bill. which he chaIdcerz
as thr most curious composition he ever iedI ne
objections 10 the bill urged bY tle minority MI
Hail said. were absurd
In the OF his remarks Mr.. Han SPOKE oi a
substitute be offered for the Carlisle BIZ by MT.
Springer chairman OF the committee. "hereupoh
Mr. Cox Dem. Tenn said ne wanted - know
when this substitute came, the committee ala not
know anything about IT, IN, .
Mr. Springer explained that In his remarks earlier
In the iav he had given notice OF several amend
rnents which he would offer. and in order 10 aNo
voting upon them separately he mad said ne ulsnl
offer them al together In substitute. The changes
were imInaterial ana such a no one WouId oo,eCt
to- one that currency skies might be deposited
as security for the National bank notes as wei a.
legal tenders. . go, 49,. 49,. ,,,,,,t,. ,
rose and 5l5 O'Clock the House adjourned until
tO-tnOr