Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-11-20
NO REMEDY SHOWN
Defect in Secretary Carlisle's New
York Address.
CRITICISMS OF THE REPUBLICANS
He and the President Looking to
State Bank Restoration.
DIFF ERENCES DEVELOPED

secretary Cdrl1SleS aOOreSS DeIOre tnc
New York chamber of commerce is accepted
chapter taken from his Forthcoming re-
port to Congress, and it's delivery at this
time construed as a desire on both his and
the Presidents part to help along the crys-
talization of public sentiment on the subject
of retiring the greenbacks. SO that Congress.
through the press may receive at an early
day in the session something in the nature of
instructions from the people. Regret is eX-
pressed that the Secretary did not see his
way clear to the PRONUNCIATION of a remedy
for tae evil he describes. His opposition to
the greenbacks was already known. But
what the republicans desire to know is what
the Secretary wants substituted for that
currency.
Fear of State Banks.
OF course, they have their opinions about
this. The criticism that has long been
heard on that point is now repeated. The
republicans insist that the President and
his Secretary are trying to open the way for
a revival of state bank currency, and that
the adoption of such policy would be even
more injurious to the business interests of
the country than would the adoption of a
policy OF free coinage. They set their faces
like flint against that and, under Mr.. Sher
mans leadership, are preparing to resist it.
And here as is pointed out, will come col
ilslon st the very outset. On the one side
will be the President and Mr. Carlisle lay
ing the blame of all the present ills that the
treasury is suffering from to the existence
of the greenbacks, and on the c. o.her side, Mr.
Sherman and his friends taking sharp issue
with that proposition, resisting it through
the fear of the temperance of wildcat
money, and insisting that a botched revision
of the tariff must bear its share-and they
declare that share to be large-of RESPONSE
bllity for the treaSuryS woes.
The advantage, as is seen is with the re-
puhlicans, as far as power goes. They con-
troll the legislative branch of the govern
inent. Mr.. Cleveland and Mr.. Carlisle can
recommend, but definite and comprehensive
action, If any, must come from the other
side. Mr.. Sherman, SO to speak, will have
the closing argument The Presidents mes
sage and the Secretary of the TreaSury'S
report will both have to undergo examina-
ton at his hands in committee and in the
open debate In the Senate, and the feeling in
republican circles is that, in the main, in the
end Mr.. Sherman will have his way.
Mr. Carlisle says that the treasury as at
present organized has no facilities for doing
a banking business, and that If it Is to be
forced to continue to do such business the
proper facilities should be supplied. He op-
poses such a policy, and this leads to the
republican charge that his real desire is to
see State banks reha affiliated as banks Of
issue. The republican proposition is that
the country having had an experience of
thirty years of national currency, will never
consent to abandon it for the shifting and
dangerous credits of private concerns, here
today and gone tomorrow, and affecting
every man with interests involved and a
pocket look in his possession with incurable
insomnia. Sleep and security, republicans
declare, would forsake the land together un-
der a revival of such antiquated and repudi-
ated conditions. So that, as between the
proposition that the treasury shall go out
of the banking business because of a lack
of facilities for carrying it on, and propo-
sition to supply those facilities, the latter,
it is predicted. will carry with the present
Congress.