The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1894-12-20

its conclusion Senator Morgan gave %
tics he intended to reply to tho remarks
Of tho senator from Indiana, Turpie.
After short executive session the senate
adjourned.
1T IS A POOR AFFAIR.
That 10 the Gsnsrsi Opiniss Of Casiisls's
Currsnoy Pan.
WASHINGTON, Doc. 19.-As soon ~ The
regular routine had been disposed Of to-
day, on motion Of Mr.. Springer, the house
went into executive session and the do.
bate on the currency bill was resumed.
Mr.. Johnson Of Indiana, ono Of The
members OF tho minority OF tho banking
and currency committee, opened with .
vigorous speech in opposition to the Car.
lisie bill. admitting tho defects Of our
currency" hs said, perfection could not
bs obtained by tho passage of bill along
tho lines suggested by the banking aud
currency COMMITTEES. It was much easier
to attack the present system than to offer
Q safe substitute. Tho present system
has given tho country gresnback cur.
rency which enabled tho government to
carry on the war, and produced o market
for our bonds in the hour Of danger and
pcril. Tho currency IL produced had not
been questioned. This was no time for
experimental legislation. Thoro was no
need Of indecent speed"
Tho cxigoncics confronting tho treasury
had, johnson said, constrained majority
of tho members of the committee 10 afflx
their signatures to o report which, In
many respects, they did not approve. He
took up the bill section by section, and
attacked its various provisions. Johnson
spoke almost two hours and was literally
marks.
On motion Of Springer. tho COMMITTEES
then rose temporarily and an order was
made fixing the timo OF the meeting OF
tho house tomorrow at II o'clock instead
Of u. This was done to enable the house
to devote several hours to debate before
tho exercises in connection with tho dedi-
cation Of the statutes Of Webster and
Starke.
Warner, democrat, OF New York, also o
member of the banking and currency.
took the floor In support Of tho pending
measure. He denied that the bankers
who had appeared before the COMMITTEES
wero opposed to the Carlisle bill; with
two exceptions, st. John OF New York and
Warner OF Ohio. He declared every
banker who appeared before tho commit-
tee had endorsed the principles up6n
whieh the bill was based and In many
cases had approved its details.
Ellis. democrat OF Kentucky. followed,
and was the first democratic member Of
a r.. tS~s ~sSA t<>
attack the Carlisle bill. At the outset he
proclaimed he was convinced Ito passage
would remedy none OF the defects OF tho
present financial system. In committee
two conflicting theories had struggled for
supremacy. The one urged by the ON.
cials of the government who desired pro.
lection from tho assaults OF the gold
speculators, and the other urged by bank.
ers who sought to extend their privileges
and increase their power and profits.
People had nothing to hope from such
schemes.
He charged that behind the bill were
tho same influences that forced the re.
peal Of the Sherman act and which on
that occasion had predicted that pros.
psrity would follow. The repeal Of tho
| Sherman law having now admittedly
failed, this currency scheme had been In.
siduously pressed forward by the same
high authorities. For 30 years tho demo-
cratic party has condemned tho national
bank system yet II was now proposing
not only to perpetuato tho systom but to
psrpstuate It IN . form more objection
able than that In which Il at present
existed. Ellis, In conclusion. charged the
democratic party Ia congress with being
false to its Chicago platform pledges In
not passing tariff bill for revenue only;
| In not repealing outright the 10 per cent.
tax on state banks, and in not restoring
silver to its position as money metal on
the same terms with gold.
"The democratic promises" said he,
twill not be redeemed until tho people
elect democratic president. Whom that
day comes. as believe it will, tho chief
executive will not be chosen from that
small and select class who believe that all
tho financial integrity and capacity In
this country is quarantined on Manhattan
Island"
Terry. democrat, Of Arkansas, gave no.
tice Of nm amendment ho should offer to
make circulating uotes rcdeemablc by the
banks issuing them In equal parts in gold
and silver.
A resolution was passed to allow the
governor Of New Hampshire and staff on
the floor of tho house during tho exercises
| in connection with tho dedication OF the
statues Of Webster and Starkc. The
house then adjourned.