Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-12-20
HOUSE rnocrEpINcs.
Debate Resumed on cariisic's Cur
rency bill


Washington, Dec. i9--As soon as the
regular routine had been disposed OF to-
day, on motion of Mr.. Springer Of MI
nois the house went into committee OF
the whole and the debate on the cur
renoy bill was resumed.
MIR. johnson of Indiana, one OF the
members OF the minority OF the bank
ing and currency committee, opened
the debate today with a vigorous speech
in opposition to the Carlisle bill. ADD
hitting the defects in our currency
syster, he eald their correction could
lot DE obtained by the passage OF
bill along the lines suggested by the
/ banking and currency committee. IL
1 was much easier TO dttncf the present
I system than offer safe substitute Tor
! IT, The present system had given me
/ c.uf try d greenbacker currency when
| enabled the government 10 carry on
[ Inc war and II produced market for
/ our bonds in the hour Of danger and
I peril. The currency 1t produced had
,,,.ver bcen questioned. While remedial
I legislation might be advisable. this was
7 no time for experimental leglslatlon'
( There was no need OF indecent speed
I Congress In this matter could Wen ar
ford to make haste slowly. The ex-
lgencies confronting the treasury had,
l MIR johnson said, constrained the ma
iorItv members OF the committee 10
aux their signatures 20 n report whlrh
In many respects they did not approve.
I He took up the bin section by section
ana attacked Its vari Jus PROVISIONS
| He recalled MIR sprlnger's opposition
10 Tho repeal of tho 70 p'r cvnt TAX on
state banks last spring and his present
advocacy OF a provision for IT'S repeal
in this bill. ..,,
parable to IT, he said, in either sacred
or profane history. unless II was the
conversion Of Saul OF Tarsus But there
the parallel ends, for saul was convert
ed 10 the right while the gentleman
s.om Illinois has beer converted to
the wrong.
Rcpublicnn applause)
MIR. Johnson spoke almost two hours
and was literally applnuded at the con-
clusion OF his remarks.
On motion Of Mr.. springer the COM
nIttee then rose temporarily and an
order was made, liking the time OF
meeting OF the house tomorrow Mt IL
n'ciock instead OF 10 O'Clock. This was
done 10 enable the house to devote
scyerol hours to debate before tho
exercises in connection with the dedlca-
lion OF the statues OF Webster ana
Stark -. -.
n member OF the committee on banking
and currency. then ok the floor In sup
mort OF the pending measure. Mt
Warner denied that the bankers who
md appeared before the committee
were opposed 10 the Carlisle bill. WIN
two exceptions CMessrs 81 joan of New
worry and A. ]. Warner of ohio n
sssiared every banker who had n pea
"a before the committee had indorfed
s1,a nrInciples upon which the Carlisle
Nm was based and IN many cases va !
anprovei its details.
NJ ELLIS Dem), OF Kentucky, VINO
followed Mr., Warner. was the irS,
Democi-atic member OF the banking ara
currency committee 70 attack ths ~ - 4
uslA hill Al the outset he pro lfim
~ was convinced that it's passag
y,,,,,d remedy none q the defects OF
mo nrozent financial system. In me
s,r,rplttee two conflicting theories had
strlierled for supremacy One urged
nv the officials or the government WHO
dealred protection from nc arAaui y
~ ire gold spectators end the OTTER
urged i,y the bankers who sought "a
exsend their privileges and incrsaa,
,Ieir mower and profits. he people mac
nothing 20 hope from such schemes
I ~ charged that bthind the bil W u
he same Influences thlt forced N 2
, ,sa1 ~ the sherman act and on ina
, s,cssior had predicted trat nrusneri)
.,.s,,,d fofiow The repeal o. the Sher
~, law havins; now admittedly fsie1
M currency echeme had baen snfli
ionely pressed n5rward ~ the Sam
I NJ, authority. For thirty years r.
iI'p,ts, ~, party had co1deTnel IN
rational bank system. yet now w
...--,nsed not only 70 perpsiuate IN
49,. t,it 10 make Il IN a furrn NOR
ss.s'i.c.ionsble than that 70 which !
formerly objected
NJ Fiiia, IN conclusion, charged n
1,ar,ocratlc party IN congress with be
-, false 10 Us platform pledges IN 10
nassine a tarin bill for revenue onls
IA not repeating outright TIE " ps