Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-12-07
One Thing Accomplished by the
Administration Financial Plan.
how SOUTHERN MEN ARE CAPTURED
The State Bank Feature Does the
Business.
A BILL TO BE REPORTED

tion financial plan 1t has already accom-
plished one Of Mr.. Cleveland's purposes
that which the silver men believe to be
the chief one. 1t has divided the silver
forces. The Indications now are strong
that very few democrats of the south will
reject 1T. Only the most radical silver men
those who believe in silver for silvers
sake-are expected to stand out against 1T.
If the wishes Of the advocates of the plan
are complied with, and caucus held on
the House side, 1t is believed that the plan
will be indorsed by a good majority, and
will be pressed for consideration. Men who
have been hesitating about expressing an
opinion on the subject are falling over one
after another to the administration side.
The plea that they must do this in order
to get ahead of the republicans. who
would adopt something similar at the next
Congress, is evidently effective. Men from
the south, who have been strong advocates
OF silver throughout their congressional
career, and who still make the same pro-
fessiOn, are in favor of passing this meas
ure at once.
The State Bank Feature.
The state bank feature Of 1t is what
captures them, and the feeling that some
thing must be done impels them to action.
Some of the extremely radical silver men,
WHO lOTcSSc tIial TIE duOpllOU OI duy llildI-
cial measure which will give an abundance
Of currency, whether actually good or not,
will indefinitely postpone the restoration
of silver as a money metal. If 1t does not
eliminate the question entirely from the
next campaign. are resisting the movement
as Well as they can. and some of then.
threaten to filibuster in the House until
the end of the session II the matter Is
pressed. Such a flibuster, however. would
rot be effective If the committee on rules
m fnr 70 riohAD OF tbo cd
ministration as to bring In a special order
closing debate. At least one member of the
committee on rules Is earnestly in favor Of
the administration plan, and insists that
there should be immediate action. This Is
Gen. Catchings. What the position Of the
speaker and Mr.. Cultivate is has not yet
been disclosed, and 1t is also uncertain
what position the republican members Of
the committee will take. Though it did not
seem possible until now, 1t is beginning to
look as IL this plan or one similar to 1t
might be passed through the House. II
the committee on rules gives the right Of
hibusters, the chances are in favor Of q
majority Following the administration.
The Senate May Determine.
1t would then lie with the Senate TO de-
termine the question. There the situation
Is difrerent. A flibuster in the Senate can
be successfully managed, since there Is to
be no change of rules. The radical silver
men OF that body, of whom the leaders are
on the republican side, have made I'D their
minds that there shall be no financial Leg
islation which does not include the free
coinage of silver at the ratio of 10 to L.
Their policy is to make straight fight for
silver at this ratio, not with any idea of Sc
curing legislation during either this Con-
gress or the next, but with a design to
make free coinage Of silver the issue In the
next presidential campaign and In the
contest for the control of the Congress
a fa6 n fhn ..,tNI
President.
Gold Again Going Out.
Indications Of beginning Of the with
drawal of the gold from the treasury re-
serve recently sanctioned have caused an
apprehension that this reserve may be
again reduced below the s1OO.OOO.OOO mark.
and that 1t will not be long before the
treasury will be as badly Off for gold as it
was before the bond issue. The danger Of
this condition and the apprehension that If
nothing is done by this Congress there will
be another bond issue, possibly followed by
call of the next Congress to meet early
and legiSlate on the question, Is driving q
number Of democrats to favor the adoption
Of the Carlisle plan now, who. under diff
ferent circumstances, would be opposed to
1t.
Appropriated the POpulist Plan.
Those who do oppose the plan are very
earnest In their opposition and savage in
their criticism. but these critics are un-
expectedly few. One quaint criticism is
that Mr.. Carlisle has appropriated ihe
populists' subtreasury plan, giving 1t a
limited application. Senator PETER says
that there is no criticism which the bank
ers made to the subtreasury plan Of the
populists which is not applicable a hundred
fold to this. THE populistS in their plan
propose to issue money on certain per-
centage Of the value of actual products.
f-,- th..
money on wheat actually in the warehouse.
This plan proposes for the government to
issue money on the capital stock-the pos
sessions of the bankers. 1t is an applica-
ton of the idea to certain class and
certain sort OF possessions only.
To Report n Bill.
A disposition was manifested at the
meeting of the House committee on bank
ing and currency this morning to get
financial measure before the House as
speedily az possible. So pronounced was
this feeling that the proposition to give
hearing to certain parties met with con-
siderable antagonism until definite un-
derstandng was reached that these hear
ings would not be permitted to occasion
great delay, but should close at the end
of next week. There was a very general
expression of opinion among the demo-
Gratis that bill should be reported be-
fore the holidays and some of the republ-
cans COnCuTTeu III lulS OpiHlOH. IttSOlu-
tions were adopted providing for hearing
of Secretary Carlisle. Controller Eckels
and some other experts on banking not
named. The chairman of the committee
was directed to get the permission Of the
House for the committee to sit during the
session Of the House.
What Chairman Springer Says.
Speaking Of the action of the committee
and prospects for legislation on the ad-
ministration financial plan, Chairman
Springer of the committee said today: Il
am not authorized to speak for the COM
mittee, but for myself am of the opinion
that bill will be prepared by the commit
tee on banking and currency and submit
ted to the House before the adjournment
for the Christmas holidays. There is a
general feeling in the committee in favor
of this action. and the earnest desire ex-
PRESSED on the part of the members Of
the House, so far as know, is that some
thing should be done. 1t is my opinion
that we will he able to ask the House to
consider the measure as soon as Congress
reassembles. The measure will be formu-
lated and reported before the holidays in
order that members and the press of the
country and all concerned may have an
opportunity to consider the provisions in
detail during the recess"
do you think there will be measure