The Portland daily press., 1894-12-21
Glowing Tributes Paid to Stark
and Webster.
THE CURRENCY AND BANKING
BILL BEFORE CONGRESS.
1t Is Said Carlisle Is Satisfied It Cannot
Pass In Its Present Form and 1t VIII
Be Modified-The Senate Adjourned
Till Saturday "A Motion in the House
tn Adjourn Until After the Holidays.

Till Saturday "A Motion in the House
to Adjourn Until After the Holidays.
Washington, Decem ber 2O.-In the House
Mr.. Breckenridge, Democrat of Kentucky.
from the committee on appropriations. re-
ported the urgency deficiency bill carrying
So, 600 for continuing the work of the
eleventh census. He stated the urgency
deficiency bill passed by the House last
week, including this with other items would
not pass the Senate before the holidays, and
unless this sum was appropriated the census
bureau would have to be closed.
Mr.. Cannon. Republican of Illinois, sug-
gested the Importance of including in the
bill an appropriation of $350,000, also made
in the bill passed last week for the payment
of witnesses and jurors in the United States
court. The bill was amended by the inser
tion of 100000 for this purpose, and as thus
amended was passed.
On motion of Mr.. Sickles, Democrat of
New York, the Senate bill granting a
pension of 500 month to Mary Palmer
Banks, widow of the late Gen. N. p. Banks.
was passed.
Mr., Cultivate, Democrat of Ohio. from
the committee on rules, offered con-
current resolution providing for holiday
recess from December 22 to Jenuary 8.
Mr., English, Democrat of New Jersey,
who introduced the bill still unacted upon,
made point of no quorum on the vote on
its passage. Yeas 49; nays, whereupon the
resolution was withdrawn.
Mr.. McCreary. Democrat of Kentucky, re-
ported from the committee on foreign
affairs, resolution offered by Mr.. Blair,
Republican of New Hampshire, calling for
all the correspondence between this govern
ment and those of Japan and China. re-
specting the pending. war. The resolution
went on the calendar.
THE CURRENCY BILL
The House went into committee of the
whole and further discussed the currency
the bill. Mr.. SEerry. Democrat of Connec-
ticut, member of committee on banking
and currency. spoke generally in support of
the bill, but criticized the provision of the
bill which changed the form, value and
amount of security deposited to secure the
notes already issued and asserted that Con-
gress had not the constitutional power to
make the change. He would move to amend
the bill by making its provision in this re-
gard apply to notes hereafter to be issued
and leave the security for notes already out
undisturbed. The abolition of the redemp-
tion bureau in Washington was also OBJ
jected to by Mr.. Sperry. He thought it
should be permissive in character and:a sup
plement to the national bank law. Mr..
Sperry said. at present gold was really at
premium, because the banks and business
men preferred it to silver in reserves and
accounts, and this is due to the fact that
there was impending over the purchase of
gold resting upon a tremulous basis. Mr..
Sperry declared that the conditions con-
fronting the treasury now were the legiti-
mate consequences. and results of Re epubli-
can legislation III the 51st Congress, some-
times called the Mckinley Congress. There
was not single Republican on the stump
or on this floor. he said, but what denied his
responsibility, and that of his party for the
legislation and its consequences. In conlu-
sion, Mr.Sperry said the government should
redeem greenbacks by the sale of bonds,
funding its Indebtedness once for all In
stead Of funding it day by day.
Mr. Brosius, Republican of Pennsylvania,
opposed the bill. He said that the discussion
developed the fact that the friends of the
measure, while advocating ifs passage, were
opposed to every section of it. He main
tained every witness before the banking
dicted q financial crash to follow the enact
ment of the bill. He asserted that the bill
would not even tend TO relieve the ex listing
conditions.
The resolutions accepting the statues
were agreed to and the House adjourned.