The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1894-04-19
THE STATE BANK TAX.
Tho Question to bs Discussed IN Demo.
cratic Caucus,

WASHINGTON, April 0.-Over l5O
Delhocfat'c members of the House TO-
| day united In the following REQUEST a
| Chairman Holman of the Democratic
caucus, for q caucus on the State bank
questioa next Tuesday
| I'VE, the undersigned, most respect
tuily ask that Immediately upon the
| adjournment Of the House Tuesday
Aprll III, you will call caucus of
| democrats Of the House to consider
Ghe provisions of the Democratic plat
form relating to the repeal of the tax
imposed by the Federal government
upon the issues of State banks snd
oCaIe Dank associations"
Inc petition has been circulated nv
representative Swanson of Virginia.
WY WY mas also made poll OF the Demo.
oiaIs a on Inc State bank question. Con
STnn,nS Srhn cne move Edr. Swanson SAYS:
Inc request for a caucus is the Iar1.
est ever presented for q House% % camn9s "a"
which indicates the great interest % feit
IN the subject. There are two clements
favorable to the repeal of the state
Dank TAX. One element wants uncon. =.
ditional repeal and the others want n
repeal with Federal. restrictions and
supervision around State banks of issue'
Unless these two elements can get to-.
gether on compromise measure, It
VIII De impossible to pass q repeal bill,
but II those favoring repeal will com.
promise their differences by uniting on
a measure which both factions can sup
port the bill can be carried In the
Heuse"
Mr.. Swanson's poll shows not more
tnan i29 democrats favorable to un-
conditional repeal. But with those
favoring conditional repeal the Doll
shows a wide margin for repeal of the
bank tax. Three plans are being con.
sidered for presentation to the caucus.
One Is for the appointment of a special
committee to frame q compromise re.
peal bill and report it to a subseQ uent
caucus. Another Is to enlarge the
present Committee on Banking and
Currency 80 as to make 1t responsive
to the desires Of caucus on q repeal
OF the State bank tax. Thus far tho
committee has been in deadlock over
q number of repeal bills and the ques-
tion has been indefinitely tabled. The
enlarged committee would have a re-
peal msjority sufficient to report COM
promise BILL A third proposition is
for the Committee on Rules to take
charge of the subject and arrange for q
plan for getting the question before the
House. One Of these three plans will
be adopted.
Speaker Crtsp's name Is among those
signed to the request for the caucus.
me O@her names include the leaders on
the Democratic side. among them Rep.
resehtatlves CuIberson, McMlll,n,
Outhwaite, Cox Of Tennessee, Springer,
Dock-ry aud Patterson. 1t IS regarded
as significant that seven New York
members, Cummings, Coombs, Duh
phy. Clancy, Warner, Tracey and
Halnes, have signed.
L, has been expressly stipulated in Sc.
curing signatures TO the caucus peti.
tl0n that members shall not be bound
oy the action of the caucus. In some
cases this condition has been attached
10 the signatures. Representative
5 swanson, who circulated the petition,
says that 1t is fully understood that the
caucus Is to be conference toward Sc.
curing crmpromise and not q meet
ing binding on the Democratic majorl-
ty of the House.