The morning call., 1894-12-16

time for the next ten years there would be
no safety fund behind the proposed bank
notes. st. John said the bankers before
the committee had weighed the retirement
of green backs, but he regarded as prepos-
ferrous that S346, 100000 Of non-interest-
bearing greenbacks should be retired by
the Government at the very moment that
the Government was issuing $4,000, 600 OF
per cent bonds. The witness said State
banks would be just as Objectionable TO-
day as they were in the past. Whatever
system was adopted should be under Fed
eral control and thus be uniform the coun-
try over.
Representative Spsrry-Are we on gold
basis to-day?
Mr.. st. John-Deeidedly yes.
Mr.. Sperry-And your bill would carry
us to a silver basis?
Mr. st. John-For the time being. With
in two years we would be on tue BIZ
metallic basis, both metals circulating
equally.
In conclusion Mr.. st. John criticized
statements made By Comptroller Eckels
and Horace White before the committee.
This closed the weeks hearings. The
committee then went into executive ses-
sion, with a view to determining on the
currency bill to be recommended.
By the close vote of 9 to 8. the committee
decided tonight to report Secretary Car
lis les plan for revision of the currency.
Represen tative Johnson of Ohio and
Representative Ellis of Kentucky voted
with the Republicans against reporting
the plan. The report will be made on
Monday; debate will begin on Tuesday,
and the Committee on Rules will be asked
to fix the final vote in the House for next
Friday at P. NJ.
This conclusion was reached after
spirited executive session of the commit
tee. 1t has been in session for a week
hearing officials and bankers on the pro-
posed revision. The hearing closed to-day
at o'clock, and the committee held pri-
vate session to determine on a pro-
gramme.
Representative Brossius R.) of Penn
syivania endeayored to secure further
time for hearings. but his motion to this
effect was voted down. Half an hour wa.
given for recaueus by the respective Sides
At the Republican meeting it was agreed
that their votes would be cast together on
all propositions.
When the full committee reassembled,
Representative Hall (D.) of Missouri
moved that the Carlisle bill be re-
ported. This prevailed by a vote of 9 to
as stated. Chairman Springer an
nounced that the Democrats of the COM
mitfee had agreed on a rule for conducting
the debate. This contemplated reporting
the bill Monday. general debate Tuesday
and Wednesday. debate under the five
minute rule Thursday and Friday, and
the vote at P. NJ. Friday. 1t was also
decided that the daily debate should begin
at II A. NJ, and that there should be night
sessions.
Springer stated that no amend
ments would now be offered to the Car
Isle plan, but that it would be open to
amendment by any member on the floor Of
the House. The rule for debate caused a
warm discussion. Johnson of Indiana
and Walker Of Massachusetts, Repubi-
cans, anlagoniZed it on the ground that the
bill was being "railroaded through Con-
gress. johnson NOV ed an extension
OF the House debate to ten days Culber-
son CD. amended to seven days. Both
motions were defeated. Thereupon the
committee adjourned without agreeing to
the rule. Springer stated, however, that
he would make the report in accordance
with the vote of the committee on Mon
day, and as the subject was a privileged
one, would call il up on Tuesday. The
Committee on Rules is expected to fix next
Friday for the vote in ac' ordance with the
original plan of the Democratic members
of the committee.