The record-union., 1894-12-19

single change. Mr.. Walker spoke of his
own bill and its superiority over the
Carlisle bill. He expressed the hope that
the bill would be passed in place of the
Carlisle bill. THAT would be done if
you had the courage of your convic-
llons," continued he, addressing the
Democratic side, but falling in that l
nope you Will recommit the Carlisle bill,
as teel sure you will when you know
its character"
While contrasting his bill with Mr..
Carllsle's. he dwelt upon the advantages
OF dlyorcing trade from the Government;
OF allowing banks TO proceed under the
laws or trade, not the laws of commerce.
pank and its customers were mutually
dependent a bank could pay optionally
In gold and silver under his bill. But
Inc laws of trade, the necessities of the
case and the necessity of protecting the
currency would determine. The Bank
of France furnished an analogy. That
bank would pay in silver ii silver would
do as we'll as gold. If the purposes for
which the money was to be used re-
quired gold, gold would be paid in any
quantity. The laws of Congress could
be defied. The laws of trade never.
While describing the manner in which
his bill would redeem and retire the legal
tender, Mr. Tracey (Dem.) of New York
interrupted him to ask if his bill would
ISLlIS Iut kouOTul1D uOI0S.
II es, sir" replied Mr.. Walker. Read
my bill, and you will find all the details
worked out l have not been working
on this bill for six years for nothing.
Nor am L the most stupid man in the
world. Laughter. l have been labor
ing ngle-handed," he continued, lifting
his hand aloft, until fifteen months ago,
when L delivered my Chicago speech.
mat reused the country somewhat, and
napn "A
ter
Walkers Celebrations of the terms of
his bill attracted the closest attention, and
members crowded about him, taxing him
with numerous questions which he dex-
terously met and parried. Lis bill, he
declared would bring the country back
10 the old Democratic doctrines of jack
son and Benton. The banks. If it was in
operation, would hold S50,0O0,U00 OF gold
and 100000 of silver.
In speaking OF the onerous work placed
upon the Secretary of the Treasury by a
necessity OF keeping up the gold reserve
IN time OF financial depression, Walker
created laugh. Manning died in Of
nce," said he; "Windom died in office
say TO you that any man who runs the
treasury Department under the existing
conditions 1or four years and does not
die, he has done his duty"
In concluding, Walker, while deprecat-
ing the elect OF the Carlisle bill, said he
had no doubt that in presenting it the
Secretary had no other than the highest
patriotic motive of serving his country.
lie spoke two hours, and was applauded
by many Democrats, as well as Repub-
licans.
Hall (Dem.) OF Missouri, also a mem
Der OF the Committee on Banking and
Currency, who followed Walker, said it
must be distinctly understood by MEM
bers that the Walker bill was not under
discussion. ana that when they came 10
vote they must vote either for the Car
Isle bill or a continuation of the present
system. Hall contended that the Carlisle
bill was opposed by the national banks,
because they preferred the Baltimore
plan. Why? Because in the Baltimore
plan the Government stood behind the
notes issued, and IN the Carlisle bill the
banks themselves were responsible for
their notes. Hall insisted that every
bank official summoned before the COM
mlttee had been forced To admit, when
cornered, that currency issued under the
Carlisle bill would be entirely safe. They
had opposed the bill on account of the
hith section, which made the banks
solely responsible for their issues lie
also repudiated the statement that this
bill had been prepared in haste. He said
1t had been prepared after fifteen months
of investigation by the Banking and
Currency Committee, and twenty months
OF suffering by the treasury.
At the conclusion OF HalPs speech the
committee rose.
Henderson OF North Carolina reported
the postoince appropriation bill, and
then, at 5:l0 p. Ai., the House adjourned.