The Caucasian. (Clinton, N.C.) 188?-1913, 1894-12-27
WASHINGTON. ID. C. Lee.

| The Carbide hiii and. the Head Issas
Worse Than small paa.
WASHINGTON, II. c., rec. "a.
In the House last Saturday Con-
gresham BRYAN. Of Nebraska rid
died the Carlile Bill and the bond
issue for two hours The following
Isl condensed statement Of a part Of
his speech:
Reviewing the circumstances at
tendant upon the inception and in-
PRODUCTION of the hill, Mr., Bryan
said II was an unprecedented repu-
dlation Of the principles Of the
Democratic government. No dec
laraton In favor Of the annihilation
OF greenbaCks had been made by any
party or President AID yet. immedi-
ately after the late elections the
most remarkable in many respects
the country had ever seen, the party
IN charge Of this Congress proposed
TO surrender, in the last hours of
tier possession of power the control
OF our banking and currency system
TO the banks, by measure that i'm
cludes the prohibition of green backs.
There was absolutely no excuse for
the bill, said Mr.. Bryan. Its intro
duction at this time could not be
defended unless it would afford
remedy for the evil complained of.
The reason given. by its friends and
promoters for bringing II into the
House was that the exigencies of the
Treasury demand it; that the Treas
ury is being drained of gold by the
exchange of greenbacks thercfrum
But the bill did not provide even
primary remedy. The only remedy
as far as it related TO the green
backs, was to fund them in bonds.
When that was done, if it was ever
done, the trouble would still exist
for the silver certificates would still
remain and they must be redeemed
in gold on demand, The gentleman
from Connecticut (Mr. Sperry) ad-
mltted at the close of his speech the
other day that the stu alton de-
manded the funding not only of the
greenbacks, but also portion of the
silver certificates. Mr.. Brycn de
nounced the bond issue as a con.
spiracy against the government,
quoting the movement of gold from
the Treasury between the dates OF
advertising for bids of the last issue
of bonds and of the delivery of the
last lot of bonds as proof Of his ae-
sertion. "If we had brave Andrew
jackson in the White House now,
he would rise in his might and say:
BY the Eternal! the rights of the
people are dearer than those of Wall
Street. But what answer does the
present Chief Executive maker
"Whatsoever they ask of me, even to
the half of my kingdom, it shall be
given to them."
Proceeding to the provisions of
the bill, Mr.. Bryan expressed his
opposition to them in detail. The
first ground of opposition was that,
giving to bankers the privilege of
issuing paper money while depriv-
ing other classes of the same privi-
lege was government favoritism of
the worst kind. 1t was this sort of
favoritism that bred more discon-
tent among the people than any
other thing. Mr.. Bryan expressed
the opinion that the active dissent
nation of small pox among the peo-
pie of the nation would be produc-
tive of less harm than the granting
of this privilege to the banks. The
second ground of opposition was
that the granting of such C privilege
makes the recipient of it an enemy
to any law that proposes to abridge
or revoke it. Jefferson warned the
people against the establishment of
paper money banks, State or nation
al, Cleveland believed that the ideal
form of government included the
entire divorcing of the government
from the issue of paper money. at
is hardly necessary for me to state"
said Mr.. Bryan, ''that / stand with
Jefferson in favor of taking banks
out of government rather than
Cleveland, in favor of taking gov
ernment out cf the issue of money"
He said that Jefferson had ex-
pressed the opinion that the exist
ence of private banks of issue would
be more dangerous to the govern
ment than standing armies, in which
opinion he fully concurred. "For
standing armies" he said, "cannot
bring such power to bear upon legis-
latlon as can these banks"
The third ground of Mr.. Bryan's
opposition was that the government
cannot safely give TO private corpor-
atoms the power to control the vol
ume of paper money.
In conclusion, Mr.. Bryan called
the attention of silver men to what
he believed to be the purpose of the
bill. 1t was simply one step to-
wards the universal adoption Of gold
mono-metallism.
"You can be deceived if you like"
he said, "but if you are, you simply