The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-12-19
THE INQUIRY COMPLETED.
House Committee Decides to Report
CarIiSIc's Plan.
BUREAU OF THE SENTINEL,
W crrrN~r. 0-CNr II - ~ -

BUREAU OF THE SENTINEL,
WASHINGTON. d. c., Dec Is.
The house banking and currency commit
tee tonight completed its hearings upon the
plan proposed by Secretary Carlisle for a
reformation in the banking system and
agreed TO report a bill to the house by a
vo.e of to s. Congressman Johnson Of
Ohio and Ellis of Kentucky voting with
the republican members Of the committee.
The bill is substantially the same as the
one proposed by the secretary OF the treas
ury.
Interest now turns from the committee
on banking and currency aud centers upon
the house. The action OF that body is of
great mOment To the party in power as
well as 10 the cCuutry at large. This will
b the last piece IF gIeat financial lesis-
l7tion waich that body will be called upon
10 consider before an adjournment Is had.
The imperative necessity FOR some kind of
legislation upon this question seems to have
suddenly impressed itself upon the present
democratic membership of the house, and
tonight the general consensus Of opinion is
taat wijlin a few days the house viii pass
some bill Graduating the evils which at
present exist IN our banking system, If not
wholly changing il.
The opposition Of Congress men Conn,
Holman, Johnson of Ohio and other west
em and northern members is still very
.strong against the Carlisle bill and an ef-
fort will be made 10 amend it when final
action is taken Dy the house. An amend
ment viii be offered, and one which it
seems now possibly may carry, striking
out all after the enacting clause ana pro-
viding for the immediate issue Of enough
bonds to redeem all the outstanding green
backs and silver certificates of 1890 which
may now be used 10 draw gold from the
treasury. With the gold thus received the
greenbac1 and silver notes would be re-
Il 1n1 ng n 4an n hAa
treasury. A large number Of democrats
believe that this would temporarily solve
the difficult and knOtty problem that is
today confronting the treasury. Such a
proposition as this viii receive the entire
republican vote and il is believed by many
that sufficient democrats will support II
to secure its passage. II Is argued by
many prominent democrats that the adj
ministration is in favor of authority being
given 20 issue bonds for this purpose and
that it may use its influence to secure the
passage of such bill. Nevertheless, Con-
gresham Springer is making a strong eff
fort to secure the passage of the Carlisle
bill. The southern democrats will use their
efforts i'm its behalf, and it is claimed by
them that q sufficient number of northern
democrats can be induced to support IT to
secure its passage, though this Is cOnsid-
cred doubtful.
II is now a fOregone conclusion that one
of these propositions will pass the house
within very short time, possibly before
the adjournment for the holidays Every
democrat is thoroughly aroused to the
imperative necessity for some kind of i'm
mediate legislation upon the subject and
il is believed tonight that if the house
takes prompt action, as ii is believed ii
will, the senate may also take similar &C
ton.
The report to the house will be made
on Monday. debate VIII begin on Tues
day and the committee on rules will be
asked to fix the final vote in the house for
next Friday at y. m.