Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-12-16
SUNDAY......D DECEMBER 16, 1894.
Tho Carlisle Bill-Again.

Mr.. Walker. OF Massachusetts, one OF
the leading members of the Banking
and Currency Committee OF the House
OF Representatives, is one OF the ablest
fnanciers amongst the Republicans Of
that committee. lie protested on Friday
in committee against being in hurry to
report the Carlisle bill 10 the House Of
Representatives. However. he Is not i'm
partial. having az the last session of Con-
Eress offered a bill Of his own on the
came subject. Mr. Walkers bill Is. we
believe. considered one OF the best be-
fore that body. But the Democrats on
the Banking and Currency Committee
on Friday voted unanimously TO consider
that night and report upon a bill TO
be presented TO the House. That is to
say, they favor the Carlisle bill
We have expected the action OF the
Chamber Of Commerce Of Atlanta, Ga,
on this bin to be initiated by the business
men in other places. The Atlanta bank
ers have. 1t Is evident, studied the Car
Isle bill and so we have pronounced
their endorsement OF that bill an intelli-
Fer- endorsement. We reproduce once
more their resolution. 1t is as follows:
Whereas. in just Acknowledgement of
urgent need and in patriotic response to
q universal demand Tor an immediate re-
form in our system Of finances, &c
secretary Of the Treasury has offered 10
Congress a thoughtfully devised plan.
Resolved. That n careful consideration
OF the plan submitted by Mr.. Carlisle
c0nVinccs us Of its wisdom and conserva-
tsm. We recognize In II ample safety
- the holders of the contemplated issue
Of both national and State banks IFS
prudent liberality In meeting the require
meuts Of The rapidly increasing indus
tries OF our people. ana its appropriate
adjustment 10 the demands Of commerce:
its protection t. orr public Treasury and
70 our national credit; its ingenuity in
enlarging and perpetuating the circula-
ton OF silver: its remarkable simplicity
AMI clearness. We believe that with
slight amendments it will bring early re-
lief 10 languishing trade. We there
fore. fully endorse the plan and earnestly
request our representatives. in both
branches Of Congress to use their in
nuencc and active exertions in effecting
speedy enactment Of the proposed finan-
oial legislation.
II these Atlanta businessmen are not
mistaken. Mr. Carlisle's bill needs but
lew amendments. and is all that is
wanted to bring early relief TO anguish
Ing trade" After careful consideration
Of II they find in II such merits as can
not but commend 1t to public ap-
probation First. 1t will secure ample
safety 10 the holders OF the contemplated
Issues Of both national and State banks.
will n to Of
the rapldly-increasing Industries of the
people. Next, II will adjust itself to
the demands Of commerce. Next, IL will
protect the public Treasury and the
national credit. Next, 1T will ingeniously
enlarge and perpetuate the circulation OF
silver Finally. the Carlisle bill is Sim
pie and clear" No wonder the Atlanta
Chamber of Commerce fully endorsed"
It. President Cleveland need not ask for
u greater fame than would come to him
could he succeed in putting into opera
ton such new banking and currency
scheme as the one described In the reso-
luton OF the Atlanta Chamber OF Com
merce.
The Atlanta resolution says nothing as
10 the divorce OF the banking system
from the government. nor as to securing
depositors: but the Secretary OF the
Treasury himself has said that his bill
will protect depostors. The features of
his bin which most highly recommend
II TO public favor are the safety of de-
posits and the elasticity of the new cur
rency. However, the Atlanta resolution
speaks for itself. If Its averments be
true. the Carlisle bill ought to become
the law OF the land.
We repeat that Mr.. Walkers bill is
not without merit: but ne ought not TO
object to letting 1t be superseded by a
better one.
The silver question will come up in
numerous forms In the shape of amend
ments when the Carlisle bill comes up
for consideration by the two houses of
Congress. But "Rome was not built in
day." and the silverltes ought not TO
cumbsr the Presidents plan with fea-
lures which they know no will not and
cannot approve