Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1895-01-10

was to call attention to matter en-
phatically pointed out by Admiral
Walker, that the United States had
no vessel at Honolulu. while Great
Britain and Japan had. He considered
this most extraordinary and not TO
be accounted for on any other ground
than that the present admins tration
wished Great Britain to take posses
sion of them. and it had invited that
country to do so with Samoa. Hawii
was OF prime Importance to the Unit
ed States, and would be more so when
the Nicaragua canal was finished
Washington. jan I'm the house
the speaker presented the resigna-
ton Of Mr.. Painter, of the fifth Ken
lucky district. who becomes judge of
the court of appeals. bill was
passed granting a pension to Hosea
Brown, aged 1O3. survivor of the war
of 1872
The debate on the currency bill was
then resumed and Mr.. Hendrix, New
York banker, declared the pending
bill would be inadequate as meas
ure of relief for the treasury besides
would provide for an unsound cur
repcy.
Mr.. Sperry, (dem.) of Connecticut,
presented a substitute to fund green
backs with three per cent. gold
bonds for the information of the
house
Mr.. Caruth, (dem.) of Kentucky,
tration to solve the currency problem
and to relieve the treasury and en-
dOrsed the pending measure.
Mr.. Dingley, rep) of Maine. said
that the treasury had been living on
hope the last eighteen months and
there could be no confidence until
revenues equalled expenditures
Mr.. Gresham, (dem) OF TeXaH. sup,
ported the bill.
Washington, Jan. 5.-The debate in
the house was resumed on the cur
rency bill and Mr.. BOatner began. He
paid Il high tribute to Secretary Car
Isle and expressed surprise at the Op
position to the measure.
Nh. Cochran. of New York, spoke
very fully on the bill. He deplored
the tendency to treat the measure as
a party one as likely to wreck it OF
the rocks of political eXpediency. the
vote of confidence in the democratic
party in 1892 had been reversed, he
, said, and he did not think the consti
| tutional provision which allowed the
party to retain power until March
! was guaranteed it in passing party
acts The tendency to treat political
economy as mysterious science, sale
Mr.. Cochran, had enabled men to pose
as statesmen, who, if they talked com
mon sense, would have been discOv
cred, but were able to confuse the
people by shouting platitudinous non
sense. Mr.. Cochran said that he OPP
posed the bill throughout and declared
himself in favor of the Baltimore plaI
! in it's entirety.
Mr.. Henderson, republican, of Hi
nois, asked if the pressing question
was not how to pay the running eX
penSes of the government.
j THAT is the question, but not al
the question. But it is a very serious
position which makes any trade de
pendent on the sOlvency of the treas
! ury, and what | am seeking is a SyS
: tenn that will divorce commence from
| the government"
| Mr.. Gatherings, democrat of Missis
sippi. in discussing the probable effec
of the Carlisle bill, said the outstand
| ing certificates would be changed fOl
those of smaller denominations to sat
j it would follow that the bullion in thG
] treasury would be a smaller percent
age of the customs dues paid in sill
/ YER. This was the key to the opposi
ton and under the Baltimore plan the
/ government would be made to stanC
sponsor for notes of banks, while i
would not be under the pending bill
If the bill were amended so as tt
make the government guarantee the
notes, the opposition of bankers would
! be instansly withdrawn. The superb
GRITTY OF the Carlisle plan over the Bal
timore plan was that it contemplated
the ultimate retirement of government
notes, while the latter had no object
but the profit of it's trainers. Mr.
Catchings spoke in support of the
SOundness of the state banks.