The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-01-04
HOUSE PROCEEDINGS.
Debase en- the Currency BIZ Is Con-
tinued.


washington, D. c.. Jan. 3.-The pro-
ceeding in the House today lacked
uI1arAed incidents of any kind. The de-
bate on the currency bill continued all
day. but was generally spiritless, and
the attendance, which was large at the
beginning, dwindled to almost nothing.
The speakers today were MeSSrs. Black,
of Georgia: AIcCreary and Buckner,
of Kentucky: in favor of the bill, and
Messrs. Haughey, Of Wisconsin, and
Adams of Pennsylvania IN opnesl-
Hicrl to 1t.
No other business was transacted
The House presented an animated
scene when called TO order by Speaker
Crisp today after the holiday recess.
The galleries were crowded and over
half of the members were in their seats.
After the call of committees for re-
ports, Quigg (RepubHcan). Of New York,
attempted to offer resolution relating
to salaries in the New York postoff1ce,
but Springer, in charge of the cur
rency bill, cut him off with a motion TO
go into committee of the whole for the
further consideration of that bill. Ac-
cordingIy the House went into Commit
tee Richardson OemocraD, of TenneS-
see, in the chair. Black (Democrat), Of
Georgia, member of the banking and
currency committee IOOh lue 1Ool All
favor of the bill.
The debate started sluggishly Mr..
Black denied at the outset that the
Banking and Currency committee had
heard only national bankers while con-
sidering the pending measure and had
turned deaf ear TO all others.
He met and parTied the criticisms and
gave an historical review of the f1nan-
cial doctrines of Democratic preSid ents
from left a1>c0f cleveland
ton had not caused all the misfortunes
under which the people were suffering
he said. It might have contributed to
their miSfOrtunes, and he believed the
passage of the present bill would con-
tribute 10 their relief, but he deprecated
the feeling abroad in the land that for
all the Ills and misfortuneS of the peo-
pie, they should turn to Congress.
Mr.. Blacks advocacy of state banks
of issue was ardent but he concluded
by expressing, amid applause, the
opinion that the only real function of
the government was the coinage Of gold
and silver.
Mr.. Haughen Republican,, of Wis
consin, who followed opposed the
measure. He described the bill as a
crude. ill-considered measure, fraught
with dangers to the country and created
considerable amusement by his refer
ence to Mr.. Springer's position last
summer when he (Springer) antagonized
the repeal Of the state bank tax. He
referred to Mr.. Springer as the most
agile" member on the floor; one whose
voice had been on every side of every
question and said the administration
had made no mistake when it had
elected him to press the proposition for
4 flexible and elastic" currency
AT the conclusion of Mr.. Haughen's
remarks Mr.. McCreary OemocraO, of
I - -
Brussels monetary conference, took the
floor in favor of the measure He said
he had examined all the plans sugges-
ted for a reform of the currency and
he regarded the Carlisle bill, as amend
eG by this Springer modification, as the
best solution of the problem offered
He was opposed, he said. TO funding
the greenbacks with Understanding
bonds. He believed the banking bust
ness should be divorced from the gov
eminent; that the greenbaeks would
be retired by the surplus revenues as
rapidly as possible, and that a safe
and elastic currency should be pro-
vided These objects, he thought,
would be attained by the passage of
the pending bill Mr.. McCreary OK
pressed the opinion that in the event
of the failure of some currency legisla-
ton at this session, S100,000 900 or $780,
oVV,VSV VI DO1ANo HOGAA AeANC " OG 4S-
sued.
How would the passage Of this
bll relieve the condition of the treas
ury?'' asked Mr.. Dingley.
Mr.. McCreary did not answer that
question directly. but said that the en-
dorsement of the President and of the
secretary of the treasury had been
given to this bill, and all the members
of the House should unite in an car
nest and sincere effort TO reform the
currency and give relief TO the treas
ury.
Mr.. Adams Republican,. of Pennsyl-
Vanias opposed the bill, attacking some
OF Its provisions vigorously, especially
the revival of state banks. While
speaking of the depression in all en-
terprfses, he referred to the decline OF
30 cents ton in the price Of coal. |
which he said had cost the people
$200O.00O.
Mr.. Simpson tPopulis0, of Kansas.
seized on this Statement and asked Mr..
Adams whom this loss fell on. uro-
ducers or consumers.
On the miners, the holders of rail-
ROAD shares, etc." replied Mr.. Adams. |
Ihat's what I wanted to get at"
said Mr.. Simpson.
Ahe gentleman speaks for a class.
continued Mr.. Adams LEGISLATION
should De for the benefit of ail-capi- |
aaiists, miners and Consumers alike"
as Inc consumers are so much |