Birmingham age-herald., 1895-01-05
The Pending Bill in the House
 Freely Discussed.
THE HAWAIIAN QUESTION
MT. Lodge Pays a Handsome Tribute to the Senior Sem
 ator From Alabama.

WAsHTNGToN, Jan. 4.-Speakcr Crisp laid before the house the resignation of Represen tatve Thomas H. Paynter of the Ninth district of Kentucky, to take effect tomorrow. MT. Paynter takes place on the bench of the Kentucky court of ap- peais on Monday next.
 The committees having been called for re- ports, MT. Springer moved that the house proceed to the consideration of the cur rency bill in committee of the whole. It was agreed to, and Mir. Richardson of Tennessee resumed the chair.
 The debate on the currency bill, which followed, was in some respects the most notable and interesting that has occurred. The speeches of Messrsl Dipgley of Maine and Hepburn of Iowa were significant, in that they were taken to express the purpose of the republican majority in the next con- gress to proceed al once upon is assem- bling to the presentation of a revenue measure which will, in their opinions, provide enough money to meet the expendi- lures of the government. Nothing short of that, according to their statements, will be sufficient to remedy or remove the evils from which the treasury and the whole country are suffering. MT. Hepburn would also go further nd proceed to legs- late for a more gener use and coinage of silver, but MT. Dingi> 'as silent on that point.
 Mir. Hendricks of Ne, York also made notable speech. He said the bill would be failure as far as the purposes which it was sought to effect was concerned.
 The new year opened. he said, with fear generally prevailing among the people of the country that the government could not maintain on parity with gold the vol ume Of the other currency circulating among them. He was of the opinion that 1t is so, however, and the best proof that it could was found in the fact that it had done SO. But this largely depended upon the answer whether or not the government proposed to retire from ths business of is- suing circulating notes.
 MT. Hendricks referred to the aggressions upon the gold reserve through the medium Of demand noies, and said that so long as there was a margin of E of per cent to business men in couductln! the transfer of gold from this country 10 Europe so long would they engage in it. lie was glad to know that it had been made part of the democratic policy from the highest sources of leadership to take the government out of the business of issuing circulating notes nos It had been taken out of the silver busi- ess. But was there successful applica- ion of this principle as set out in the pend- - billf asked Mir. Hendricks. He thought
 The bill would not relieve the treas ufy oi aggressions upon the gold reserve. And It would fail as banking measure, because it seeks to superimpose upon the government credit currer y volume of bank bank credit currency, with no sui hiding is not debt paying. The wisest, cheapest and practically almost only thing left fpr the government to do is to retire and dispose of the demand notes through which the gold reserve is open to the ag- gression of any one who is inclined to at- tack 1t. Upon commerce should be thrown the burden of providing the gold with which to settle its balances in international business.
 
 although it was great improvement in its present condition over the measure orig finally introduced, would not relieve the treasury, nor would it provide such currency, as the country ought to have. If the principles laid down by the president and secretary of the treasury and which are feebly and apologetically expressed in the ninth section of the bill, can be carried out congress ought to do 1t.
 Other speeches were made by Messrs. Caruth, democrat, of Kentucky, and Gresham, democrat, of Texas, in favor of the bill.
 MT. Sperry, democrat, of Connecticut, gave notice of a substitute he intended to offer. and MT. Walker, republican, of Massachusetts, presented two additional sections to his substitute, requiring the payment of customs duties in part in gold for certain period, and authorize the sec- retary of the treasury to sell per cent bonds to cover deficiencies in the treasury and to maintain the gold reserve.
 MT. Sperry's substitute authorizes the issue of 8 per cent bonds, 10 run ten or thirty years, to an amount not exceeding the aggregate of all United States notes outstanding, and with the gold obtained from the sale of bonds to withdraw the Unted States notes.
 Al o'clock the house took recess until go'clock, the night session being for the consideration of private pension bills.
 CALL FOR A CAUCUS.
 The democrats of the house will hold their caucus at o'clock on Monday after. noon next. The call was written today by MT. Springer of Illinois, who has the Car lisle bill in charge, and it states that the caucus is called for the purpose of consid- ering the pending currency bill.
 Al o'clock, after the call for the caucus had been circulated an hour, fifty five democrats bad signed 1t. The first gentle Crisp. Following his name were those of other democratic members of the commit tee on rules and the members of the banking and currency committee, from which it was reported.
 MT. Holman tonight issued the formal notice of the caucuss MT. Springer stated this afternoon that general debate on the banking bill will continue until the hour of holding the caucus Monday. On Tues day the committee on rules will bring in an order fixing debate under the five minute rule for the three days following. It is not probable, however, that a vote on the bill WILL De l&ken DeIOre frluay Dexts
 IN THE SENATE.
 There was very lively and interesting discussion in the senate today over MT. Lodges bill calling on the president. for information as to the withdrawal of Ameri. can vessels of war from the Hawaiian islands. All of the republican senators who participated in the iscussion-Messrs. Lodge, Sherman of Ohio, Hawley of Con. necticut, Hale of Maine, Aldrich of Rhode k Island and Teller of Colorado-favored the hpendment of the resolutions, while the
 nkiQ senators-Messrs. Butler, Mor-
 uuargued in favor of it's refer
 RRtler's motion, to the
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