The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1895-01-11
HAWAII is UP AGAIN.
sENATE RENEWS THE DISCUS
SiOH.
Military Academy Appropriation Bill
Passcd-Housc Sharply Stirred Up
by Debate ON Pending Currency Eiii
Mr.. Hendrix Opens the Fight.
Az the National Capital.

The Hawaiian question WAS a9Al51
brought before the public IN thc sehni'
Friday by the discussion OF the resoil-
ton introduced by Mr.. Lodge. of Massd-
chusetts, calling on the Secretary OF tue
Navy for information az 10 why the
United States batteships had been With
drawn from Hawaiian waters Inc de-
hate. which was interesting throughout,
consumed the greater part OF the mort
ing hour and at its close the resolution
took its place on the calendar ana can
now be taken up only by unanimous con
sent The debate was listened 10 atten-
lively by Senators and visitors III the Sal-
leries. The general debate on the cur
rency hill consumed the time OF ths
House. The feature Of the days debate
was the speech made in opposition TO the
measure by Representative Hendrix, a
New York banker. The situation thdt
confronted the treasury and the country
he said. had not come suddenly upon us
nor without ample warning. hnance
minister of France had once remarked
sarcastically that God was good 30
drunken people. little children and the
people of the United States. was the
United States to go out OF the business
of furnishing currency for the country rs
a bank issue? Mr.. Hendrix asked. III
not what was il going TO do in order to
avoid the financial bad lands! Were the
people transgressing every law OF hnahce'
defying the world, and continue 10 40
what every other nation had failed 10 90
To illustrate the result of the present
system, Mr.. Hendrix pointed TO the large
accessions of gold made by the Bank "f
France and the Bank Of England ut our
expense. The former yesterday held
$500. 900, 900 gold francs, the latter t33,-
100000 in gold The capital ana the
gold bullion of the world was resting In
these great pools, waiting To see whnt
this country would do; whether it would
become n bankrupt unable to meet sts
obligations. Mr.. Hendrix depictei
graphically the present anomalous situa-
ton, the credit Of the United States ex-
cellent, money idle, the banks fun, enter
prise at the lowest ebb men living fion
hand to mouth and the treasury lighting
TO keep its head above wafer. lie de-
scribed at some length the process by
which the gold was withdrawn by specu-
lators for shipment abroad and then pro-
ceedcd to contrast this with the situation
in France, where the Bank of France re-
fused to pay except where actually neces-
SdTI, more lDdH - cent. VI So'u vi 10
demand obligations. These aggressons
OH our gold reserve must he stopped, aai
If the pending bill would stop them af-
ford relief take the Government out Of
the banking business rs it had been taken
out Of the silver business he would vote
for it, Mr.. Hepburn, formerly solicitor
of the treasury, briefly replied to Mr..
Hendrix whom he described rs self
heralded national banker who came with
oracular utterances TO tell the House
what TO do. Mr.. Hepburn said his self
laudation was impaired by the rccollec-
ton of his speech sixteen months ago,
when the same conditions existed. Mr..
Hendrix then found the panacea for all
financial ills in the repeal of the Sherman
silver law. Mr. Hepburn declared that
Mr.. Hendrix had pointed out unwittingly
the remedy for the present evil when he
told the House that the great banking
houses of Europe exercised their discre
ton about depicting their gold vaults.
Why will not the Secretary of the Treas
ury exercise the same discretion? lle
asked. amid round Of applause. The
exercise of this discretion did not impair
the credit Of European banks Who dared
TO say that the credit of this country,
with 63,000,000 of people behind it and
an unlimited taxing power, would be i'm
paired because il refused to kECel ut the
demands Of the shylocks?
In the House Saturday Congressman
Cochran made n vigorous speech against
the currency bill. He advocated the
Baltimore plan. He was seconded by
Mr.. Lacey of Iowa, Mr.. Bland of Mis-
souri,, and Mr. Pence of Colorado, while
Mr.. Boatner of Louisiana and Mr.. Catch
ings of Mississippi exhorted their party
to unite in support of the measure.
In the Senate Monday Mr.. Ransom was
elected President pro TEN. and Mr..
Mitchell replied to Mr.. Turpie's criticisms
of the Nicaragua Canal BILL Both House
and Senate adopted resolutions of re-
spect TO the memory of Genral Post and
appointed committees to scort the remains
to Galesburg, Ill. The House ordered in
vestigation of charges that Judge Kicks
prostituted his Office to further n con-
spracy by which s. j. Richie was robbed
of $G0O0,000. The caucus of House
Democrats Endorsed the substitute for
the Carlisle currency bill by vote of 81
TO 80 after a spirited debate. The bill in
tended to take the distribution of seeds
out Of the hands Of Congressman has been
prepared by Secretary Morton. At an in
lOTindl IHeetlHS Oh the lNepuDllcun steer
ing committee it was aged there should
be no tariff legislation ut this session
Representative Sibley made an attack
on the President in a speech in the House
Tuesday in opposition to the currency
bill. Discussion of Mr.. Lodges Hawaiian
resolution was continued in the Senate,
Messrs. Palmer and Gray opposing its
adoption. The House Committee on
Rules agreed TO report a resolution pro-
viding for vote on the currency bill.
General Jacob :. Coxey explained his
non-intcrest bearing bond plan to the
House Ways and Means Committee. The
Senate Committee on Appropriations or
dcred favorable reports OH the army and
urgent deficiency bills.
Prices.
In 1904 gunpowder sold for Ill per
hundrcdweight.