New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-15
4b0lz1mGr1S
THE QUEEN OF TABLE WATERS"
First in Purity"
BRITISH MEDICAL JOURNAL.
BRITISH MEDICAL JOURNAL.

Mr.. Walkers earnest plea might well have
been addressed to the walls of empty room as
the majority of the committee. and his motion
rejected by strict party vote.
This morning copies of the printed report of the
hearings for the first three days OF the week
laid before members Of the committee. and the
chairman announced tina; the report would be con-
tinued from day to day" lnasmuch as the hear
ings are TO close tomorrow, and the report Tor
that day will not be in print before Monday-by
which time the bill will have been framed for
submission to the Iiouse-it Is clearly evident that
the arguments and facts submitted by the men
who have been invited to contribute them, and
who eminently qualified TO do So are not TO
be allowed cut any figure IN the framing of the
proposed legislation. and that whatever modihca
tons the Carlisle bill may undergo before 1t leaves
the committee will be the fruit Of whatever COM
promise may be arranged among the Democratic
members. \ majority OF them voted last June for
the unconditional repeal Of the tax on bank
circulation Whether all or part of them will
now willing accept ard support the conditional
repeal proposed by the Secretary OF the Treasury
remains 10 be when the hill Is brought to
vote in the House That IT will be reported from
the committee in some form there is no doubt.
GENERAL WARNER's THEORIES
A good deal of the time Of the committee to-day
was consumed by ex-Concressman Warner. OF
Ohio. president OF the Bime;ac League. He de-
legislation with some incidental illusions to III
metalism-espccaily in respect TO silver He does
not the banks TO issue any notes whatever,
and is therefore equally opposed to the Admins
tration's scheme and the Baltimore plan General
Warner was as copious and fluent usual in cx-
rounding his financial theories ami Ne laid down
general propositions with readiness. freedom and
emphasis which showed that he felt entirely sure
OF his ground He did not fare quite so well. how
ever after members Of the committee began to
ply him with questions and challenge some OF MS
statements. but he possesses wonderful mental
agility and fund Of self-conldence which enables
him TO make short work of facts when they happen
to conflict with his theories and assumptions
General Warmers speech interrupted in
order that Enoch Pratt the veteran and vcaera"e
Baltimore merchant. banker ana philanthroihst
nigh; be heard. He said that he mad not the least
objection to giving his age. which was cighiy-sM
years ard four months and he proudly added:
| have been q Republican ever since the party
| never hide my sentiments always ready 70 Tel.
where stood got MAJ ,be rs, my cannon tha,
was cast in the United States in the War OF the
Revolution
ENOCH PRATT's EXPERIENCE
Mr.. Pratt said that Re heartily approved the
Baltimore plan. and was strongly opposed to the
Administrators scheme. especially the state bahh
| feature. on this point he said In substance;
sf,een YEAR, ' o., 4 clerk in Boston. 1t was my
| Susir ess the l., AIRY the bank notes received
| every day in tho course Of business 10 br1N' y,
s soa i ,hen in over al night Th% notes o. bank ten
| miles away from BOSTON would he ct discount
the further away tie bank the heavier the d as
| few years the suffolk system o. REDEMPTION W4s
not work SO vel now: the country is too big ana
the banks are TOO nnmerous IN is sG ono I'm c
count OF bad and 1nevrrsnt onnk that
was the STATE Bank OF SiIs''''a remote ani a.
mos, insrcessbie 1laces In the mountains and
he Of
| those places one broker who had collected $500
| them to the place OF issue to have them redeemed
He didn't succeed the place became TOO nC' o lof
he hurried out OF town We used TO giye sS
nnd they used to pay Us in notes subject
| 10 discount OF ~ to per cent We had 10 tAhe
h FIAT tlnG ro@ @i Existed Until the National banks
were established. Their notes are current Wy
Couldn't %'tit buy icke, with The "a STATE bank notes
anxiety now on account OF the failure or suspension
| Of a bank So far as its notes are concerned
Mr. Prat; was asked for MS opinion Of the ITac-
| tlcabity OF Section Of The Administration b.!l,
one feature of which is a provision that all Ma.
tional banks shall jointly liable for the notes OF
failed banks. He replied that he did not believe
! tina, solid conservative banks would agree to or
knew that The directors OF tne Farmer ana iIait-
ers Bank Of whica he IS president Wonin seilouSii
| have been Interested in this bank for hiiy-hye
years and / believe 1t 10 be srons. SOUND snl "a,
add! Mr Pratt did no, seem to think there was
necessity for retiring me gree1Da * 10 lac
sort bat he confessed that me mtayy iDv'
p ms%i h9id Of uH Hl ssSa to him.
Mr. Pratt who has been exceedingly SUGGEST u.
in husiness. and whose experience and o6s,rya'S OF,
the Ife OF either President Cleveland or secte'ary
.ea,ure Of the Administrator currency scheme.
and every word he uttered IN regaru 10 Il ""S o"e
DANGERS OF THE STATE BANK SYSTEM.
| A l. Riplcy ylce-president Of the Hide and
| Leather National Bank Of Boston. submitted a
strong argumen In favor OF the redemption ana
cancellation Of the egal-enders and against the
| Administrators bill The Government currency ne
characterized as vicious In principle and wholly IN
suitable for commercial because II Is destitute
Of elasticity. Moreover II Is a standing menacs 70
mitted that the National bank currency lacks ees-
t.clty. "A defect which he attributed almost wmJ,g
| BIS receivable he contended. Furnished the. best
| security COR the redemption OF banKiotes. nat
ever system Of note issues il adopted must be a
National In order TO be successful m T.,
| control of issues. redemption, examination ana m
sPecto Sic Id not be SAFELY ieft to the States.
Mr Rip.ey strongly dsapproved and opposed he
| State bank sections various grounds. ne d"ei
strongly upon tie dangers Of counierfeiiing to
Which banks 4pd noehoders alike would be ex,
under s% sgs ssys that ne he eaeay d
| Treasury may State banks TO be supphen
with the distinctive paper used by .ns nrr IL
| a wildcat bank might be started IN some 9ut-ol.
places and the offenders have an opportunity to
| dae,mn and hide themselves before the fraud was
| d,scnwered Again State bank notes ought not 20
he made in stimulation Of National bank notes. ne
I'm nronoscd two kinds Of bankno;es. based on az
,srent Kinds OF security. and each ought 10 De 80
! distinctive in appearance that nobody woui1 ms ms
10 one KIM Tor the other. He thought that the
S,@te notes would be dscredited from the start II
| %a.IonaI hank notes should remain In circulation,
hecase the security in the former case was INFERIOR
| IN tina, In the latter case
A RETURN TO OBSOLETE METHODS
Mr. Ripley also objected to the pefmissve form
| ~ Section T. which provides that bank may
redeem its notes over It's own counters OF may
4 "A other places. Inls