The times. [volume] (Richmond, Va.) 1890-1903, 1894-12-19
CARLISLE BILL DISCUSSED.
vi. Springer Advocates II and Mr.. Walk
G Opposes il in Behalf Of KinOrly,
OFFERED is A COMPROMISE MEASURE
Says the Democratic Champion-Mr. Hall
Chsrsclerizes the Objections OF the
Minority a. Absurd.

WAo lNtti1Nt -. 10 l'rN' 49,
debate upon the currency plan pFoposed
IN the Carlisle bin, reported from 'he
Committee ON Banking ana currency
was begun in the House to-day. accord
ing TO the notice given yesterday by
Chairman Springer Objection was made
10 AIR. Sprnecrs request for unanimous
consent thar general debate should be
closed with the adjournment Of the House
for the holiday recess. and it began with
uo agreement OF limitation in sight.
The first speakers to-day were. Mr..
Springer Ucn. IlJ, chairman Of the
Committee on Banking and Currency, I'm
favor ut the h.il, and Mr. Walker ttep..
MdsSJ Who adv ocdtcd The aaOpulu OF
his bin. which. he said, he would offer
us Ga Substitute for the Carlisle bin. These
gentlemen. recognized ass the leaders of
tte forces for and against the BILL spoke
without limit and were listened TO att
1cnuNely throughout by "a large proper
zion OF the members of the House.
The last hour of the session was oc-
oapied 10y Air. Han dem. MOI. meme
hel ~ The Committee ON Banking and
currency, who reviewed at lCneth the ob-
Jectons TO The Carlisle bin made IN the
report OF fhe minority of The committee.
the dehac.I accordance with the present
understanding. VIII continue the remain
dtr OF the week.
,iB. srRINGEE's srEEcH.
Mr. Springer iu opening the debate,
unaiy led and explained the bil. lie said
tla, if dld not represent the views OF
amy member OF the committee, or Of the
House iu ts entirety. "a was compio-
mise measure, and submitted as the best
thai can De- noped lor al tne present
tInr. "a is believed to bc "a step ia the
rI-ht dirsctou-n The direction Of Civ
inN greater stability and confidence 10
tile United States aud To- the whole world.
THE financial world. Mr. Springer sdld,
ltI come tp The conclusion that bond
security Was ma longer necessary 90
thc establishment OF circulation. The
tll before The House does not require
Atr smith asked what provision, If any,
ldi been made iu the bill for the piotec-
AIR Springer responded that it was "a
currency measure and WAS not intended
10 interfere with regulations of the so-
,urity OF national bank depostors found
ll other parts of tho national bank act
Air. Springer declared that this oii
tho lack OF which had been the greatest
drawback of the system.
ADDITIONAL CURRENCY ISSUED.
Air. Simpson asked 81 the chairman
~ the committee had made any calcu-
i4tiou of tine amount of additional cur
Yrrcy that would Dee issued under Tie
bI. au8 oiI hc bear iu mint thdt 10y
rI- deposit of GTrruhdrkS as security,
they would bc taken out OF circulailoh'
SO Chat th, amount of the cuCulauon
Woul' Doe reduced Two or Three hundred
[ir SDrto,.- reulied that 10 would poe
inposs Die % make auy definitely approx
innate estimate OF the amount of currency
thaU would bc issued under ne opera
tious of the bin, but hc would can 'ue
attention cot the gentleman TO the Idcl
that fGr every thirty dollars ul ETcrl'
backs deposited as security therc Wouid
Dee issued Slou OF notes, -
The speaker stated thdt an Inc IIo''I
time Doe would move to amend section
of the bill so aS 10 give the nduouaI
banks a. year alter the pd5Satr Vt ~ a..
Mll within which to comply WIN tilt
tcrms of the law. instead of iNluG lhc
limit at Jun" 800, lNi1. lie hcheNtp Jhdt
The banks could at once CONFORM 10 tc
requirements of the bill. but he ItCoS-
,,iz,I Ia. said. the NECESSITY OF avoiding
.,uythiur that might possibly cause
hurry iu financial circles.
STATE HANK ISSUES,
r,.f.rrip,, ta the provision resardine
STATE bank issues. Mr.. springer sdld tidt
IN might boz assumed mat SldAS Nldtn
tJtbed th- circulation of their banks 10
w., hisgo1j Ibe borders or the state would
'1.It. provisions for the rtdc1npboh oi
rhtir bank notes which Would mahe uiO'i
sft,. The state bank HoteSa nov M,,,.a'
would not be "a lesal tender. my 1912,
,.Ifi.n REGARDING State banks was ulItIcht
frCm the one Discussed 10y me lo4i9e az. "r
5te last scssion-the repeal oi the, ~ per
ne d'di not favor the repeal of the 10
1,.r cont tax. He had not Chaubcu It9
mind IH.IIllUE iIlt soAftA' A,.''i''.f ,'.N.T
dii not prevent him from asLtelIif 10 al a.
,-rfnnraui-e. as he was not lht hIIiL pl
legislator who refused to take any tm,,nI
I..tu.e hc could not get what ne NdHlt.';
irbi. U.t4 moi such a bin as ne Would
report II he could have had ms way
An legislation was The result on com
,roml-c. and If any Dement'S were SARey,vu
This should be- accepted. ~ tnlS D,n W@r N,iT
enacted into law 1t Wouid lHplcNT on
financial system. ~ would hol OILY uo
1his but i'm his opinion, l Woulu s.NN
fb. United States the best financial sys-
tenn OF any clvilAcd county, hn ",T.
world 'It we passed H. slln ne W.
1,ould receive the cOmmendatlon or our
constituents. which we had not received
al the last election. n, ~ ,,,
Inn closing Mr.. Springer called on ine
lnembcrs to support the measure ana give
1he country much-ncedcd ithti'
Mr.. WALKERS OBJECTION.
Nfr Walker Rep.. Mass) followed. In
opening he referred 20 the 5di i'liuo'V i,",,' it,'
and dismissed lt. after brlei cIlll'iSIh'
bv saving that 30 did not deserve d mo-
qnents consideration. go, ..t,
ln reference 10 the Carlisle blll, ne S@tH
that IL there ever was "A case IN "IiOH
bread was asked and a stone gwen Il
fsh asked and q scorpion gwen IL was III
Irnder The lead of questicrs by members
.,,rrnundfue him. Mr. Walker said ms
bH had been reported 10 tho Horse b"
the fffty-secoui tphsIVH", ny hCCpIe
sentative Bacou, chairman oi the COM
,nift,e ON Banking and Currency,
Rtr Walker sail ne wanted to get
1sck f0 The IacksCu-Bepton Demo erduc
,,lsffOrm of Compeliing the banks, IN re-
turn for the franchise uanicd thcn 10
1raIufain at their own eNpei sc the parry
of their notes with sold.
v,sDt Congress. ha said, 10 90 win re-
,.tr6 to banking ltet what it uoeS WIN
,.p4rd to murder and theti-mtddle lor
tbr b,nedt of The whole people, ana lor
HInl,5 HIi-,,Hrr lie operations Of his bill. Mr..
NVaiker said. the losses from talleo banks
a. ~ rasL thirty years would nave
ancCurtcd 20 $&0Jj-an inilnitesimaI
NIr Walker exmeseed the belief that
{f mis- biU were enacted lAto law thdt
within eighteen months before i,teS'uTnt
Clcvriand retired TO private me tne
fpan.isI dlAicultiCs now threatening the
country would not be m process q set
dement, but entirely solved.
ONE rEKmIssvH, THE OTHER MANDATORY.
Alr. Walker said his bill was permle-
Hiye the Secretary blh was MANU.
You tell your boy. six years old, thatt
81 he does not 10 a certain thlne you IL
lick him. ard he'll fight you II ne soi
any grit and N he's big enough ne II
lick you Qaughterl. Rut II YOU sussest
tbat tho thing f. for his benefit, and sit
VII 90 right of 20 do 1t. Under the Car
isle bill the banks won't do what they
nil be glad 20 DO under the walker
hill I may take a little rOse-colored we"
of that subject however, / may be some
what tingcd with parlsanship on that
pVAldi3 House Ho g?m -?m ? mm?
In conclusion MIR. Walker said his bill
,rovided for the appointment OF 4 COM
5nittee consisting OF iye Leading bankers