The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-13
Intended to Offset Action of Repre-
sentatfyes Who Are Preparing to
Acccde to the Presidents Wishes.
MIR. CARLISLE'S EXPLANATION
CONTRACT WITH BANKERS READ
BEFORE WILSON'S COMMITTEE.
Members Requested to Maintain Se-
crecy Regarding Some of Its Pro-
vfsions-A Populfst's Remedy.
Special to the indianapolis Journal


Secretary Carlisle may have entertained
when before the ways and means commit
tee this morning, that owing to the busi-
nesslike character of the session and the
complete absence of all partisan feeling,
there might be chance for the passage of
some legislation before next Monday where
by Mr.. Cleveland could offer the British
bankers gold 3 per cents. instead of coin
4 per cents, was dispelled when he learned
of the action of the Senate finance COM
mittee, which to-day ordered favorable
report on the bill providing for the unlimit-
ed coinage of silver True it is that the bill
Is not sufficiently satisfactory to the silver
men to make its passage in the Senate GER
tain; true it is, indeed. that there Is really
grave danger of any silver bill passing
the Senate in the few weeks that remain
for the session. But the silver men in the
Senate finance committee pressed through
their coinage bill to-day purely for the pur-
pose Of demonstration. They had learned
of the hearty manner in which the Repub-
licans of the ways and means committee
had met Secretary Carlisle and of the ap-
pontment of a subcommittee of Republicans
and Democrats at which bill was to be
drawn which Democrats and Republicans
alike could support in the House Their
to serve notice on the House that the pass
age of any bond bill would be an idle waste
of time. They have entirely succeeded in
their purpose. Mr.. Carlisle announced al
most publicly tEis aftssnaon that he ex-
pected nothing from Congress, and all mem
bers of the House agree that it is useless
for Mr.. Wilson's committee to report any
bond bill.
The conduct of the Senate finance COM
mittee is all the more to be regretted be-
cause until its action there was at least a
hope that the House might pass the gold
bond bill asked by President Cleveland. This
hope was born to-day out Of the excellent
impression whcih Mr.. Carlisle produced at
his appearance before the ways and means
committee For two hours and q half he
before the committee answering all
questions At his request the information
he gave regarding the terms made with
the British bankers is withheld from publi-
cation. So long Congress insists on keep
ing the United States treasury in the bank
ing business it must expect that department
to exercise the ordinary caution employed
by any other banking institutions in guard
ing it's business secrets. Several threats
were made in the House as well as the Sem
ate to introduce resolutions compelling Sec
retary Carlisle to make public the terms
of his contract. No such resolutions were
introduced to-day, and it is very likely that
when they are introduced there will be
enough parliamentary shrewdness at each
end of the Cakztol to delay the passage
of the resolution until such time when Mr.
Carlisle will be willing to make public his
terms. 1t can be stated however, on ex-
cellent authority that the only features of
his contract which Mr. Carlisle has not al
ready made public are the means en-
ployed to insure the cooperation of those
bankers taking the bonds from recurrence
of the late disastrous run on the gold
serve. This feature was sought to be
strengthened by the amendment to the orig
nal gold bill which Mr.. Carlisle drew I'D
this afternoon, at Mr.. Reeds re-
quest, repeating the law which permits
banks TO compel the treasury to redeem
their notes in greenbacks, and hereafter
compelling every bank to redeem it's own
notes. This amendment was the result of
a colloquy between the Secretary and ex-
Speaker at the morning session of the COM
mittee, at which Mr.. Carlisle explained how
the banks forced the treasury to actually
supply them with the means for withdraw
ing its gold At the meeting of the SUN
committee in the afternoon Mr. Reed Of
fered the Carlisle amendment and IL was
promptly added to the original gold-bond
bill. There viii be no opposition to the bill
as thus far amended on the part of the
Republicans, but the presence of Messrs
Bryan and McMillin the fun committee
is sufficient to present unanimous approval
by the Democrats. The bill may be re-
ported tG the House tomorrow What It's
fate may be is not worth serious consider
alton. The action Of the Senate finance
committee AMI the knowledge that the sill
men completely rule the Senate rem
ders all speculation the future history of
the bill useless.
Every emergency brings bold heart to
the fore. prepared TO grapple with the crit
zeal situation in heroic grasp. So too, the
presert crisis has brought forth its ener-
gency man, for Representative Hudson of
Kansas. introduced to-day the following bill
defining and to punish certain crimes. and
for other purposes
BE it enacted by the Senate and House
OF Representatives of the United States of
America in Congress assembled, that if any
person or persons shall Duy UP. collect or
get together a large amount of treasury
notes, treasury certificates, national green
back currency commonly denominated
greenb backs, or other paper issued under
act of Congress, for the purpose of drawing
gold out of the treasury of the United
States or for the purpose of defeating the
circulation of said treasury notes green
backs or other currency or paper money
of the United States. or for the purpose Of
driving any or all of said treasury notes
eneg Of the Or ued gas om or
tion, such person or persons shall be deemed
guilty of felony and shall. on conviction
thereof, be imprisoned not less than ten
years, and in addition to such imprison-
ment may be fined in any sum not less than
one thousand dollars; and on conviction of a
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