Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-02-24
|;1IIIl the MONEY Now
.,,o,s BEING DISCUSSED
''''a II norm HOUSES
-,,,a rhor.and Dollars in
s''''' o,ser Money for the In
|p'sf o : objects to bonuses 10
|r''-'s a,,,,,eai capital Made.
WASHINGTON, Feb. 49,

wAsHrNGToN. Feb. %.
=, from the legislature of
s'no', "vssented to the senate to-
y ' " S against the ,, pooling oil az
F''' ,,r 10 place the railroads In
- p y, a vast syndicate, and
sut competition unos' ''
u monopoly, o.,,,o
o. .,ssss chairman Of the finance
sos.r presented comprehensive
n Ply Nv the committee on the Ell
'n. y. iarlff and internal revenue
u.,oot, (Rep.. Colo) then came
I'm a resolution authorizing
~ .,,on Of an American commits
at Win foreign countries
mn take the initiative in any
s.sanal monetary conference. The
~. ofrered as an amendment to
" ~ clvil bill now on the calen-
II Is as follows' ~,
,.,erer the president Of the United
,non invitation of Germany or
p,i,aIu or any other government
s,n,e shall determine that this
I'm. .-snt shall be represented at any
s,,,,nal conference to be held with
N securing a fixed value OF
s,iver and the maintenance OF
az, between these values, with
EW ,age at such ratio as shall be
..5red' 10 request the attenuance
4. commissioners as hereinafter
sisd 10 attend such conference on
.,Tof The United States. The mum
=, meh commissioners shai DO
fhe president of the United
y, shall appoint by and with the
-, N the senate three of the SAID
N,s.nners before the adjournment
-.r-ess and the other six members
y a Joint committee Of congress,
=, me senate and three of the
n there should be any vacancy
liam or resignation or otherwise
rsnrancy shall be filled by APP
,s,ment by the president.
~ amendment provides Sl5iOOO Tor
,rpenses OF the commission.
Il, I. satisfactory" said Mr.. VOL
!. "a those who vote for bimetal-
ana II should be satisfactory to
Z, Gentlemen who talk bimetallism
sv1;e against 1t and who wait 10 see
I. England will do. -
N, are for bimetallism by TINS
s,ry alone" continued Mr.. VOL
"A iBut II other countries join us,
aurh the better
II Hale made the suggestion that
undry civil bill was SO soon to be
.,dend that there should be no de-
N gettlng the amendment from the
7.i,a committee.
4, appropriation was passed to cor
an error In the Chicago public
tlng by which the old building
n 70 be sold to the lowest bidder,
had OF the highest.
4, hour was given to the provision
Stopping work on the Delaware
Ia bridge at Philadelphia until q
bit Of army engineers investigated
sasht, span, etc.
II. Mcpherson withdrew his opposi-
!, and his motion to reconsider the
|ssluion was laid on the table.
r ne credentials OF Mr.. Caffery oil
|nsiana for the term beginning
|ish next were presented by MT.
lnchard
II. George Dem, Missy submitted
niults of an inquiry by the com
zite on agriculture concerning the
.aFatlen Of cotton as follows:
n7tng the Fifty-second congress the
Eite committee on agriculture ana
ns,y was authorized by the senate
cake an inquiry upon the existing
resion in farm products, and sen
ss George, Bate and Proctor Were
ss,ed as a subcommittee to take IN
~ the inquiry concerning the de
ctsed price of cotton and the testl-
f,y taken wRs today reported TO the
1i,s By Mr.. George. 49,.
b ascertain the financial condition
pNduceT Of cotton the COMMITTED
Aisssed q circular containing IN
hss 10 q large number of farmer
rarchants in each OF the cottoI
lls The replies demonstrated tina
IN ne prices prevailing in the year,
ass.s3 In ne1rly every part OF IN
ZION producing region the cost o
ructlon equaled II It did not exceed
value OF tile cotton raised, "a condi
ifat applied even to the SINAI
rnefs, Who raised their crops by thei
y Abor, and the conditions nav
'sn worse instead OF better since
= eommittee concludes that Will
lre 70 no destitution there is little &C
lnlauon, and that energy and enter
E1ss fall under present adverse condi
y 70 make that steady and sur
asress TO which until now the peopl
~ eeen accustomed. The result ma
~ 70 produce widespread disconten
-'ag cotton producers, and a dispose
70 dlscredit the ofttlme conserva
methods, and to induce too read
fs'p'Anee OF plausible theories for re
ruhe the committee comedies tina
v0Vious, apparent and approximat
EN- Of these low prices Is over pre-
|uon me report goes into the matte
nsNely to prove that there ha
~ ~, N the case Of cotton. at least, n
r.. over production. but there ma
n. IN increasing demand equallin
snl'easing supply.
nner briefly discussing what III
,-.n,Iiee deems the depressing effeC
|H.,m sn tariff policy upon the pre-
~.oh OF cotton. the matter Of ~
~ y taken up and gambling"
|t,ssm,, unreservedly condemned as col
4 .Hng TO low prices. The committe
,snng the right OF the federal so'
en- go, TO leglslate on the subject. d.
~. me business of dealing in II
la IN cotton can only be tran
|Yrs IN The two exchanges OF Ne
|hrs, ana New Orleans and that II
Il, Is merely an annex 10 the 70
| d The committee concludes th'
~ a'allngs of these exchanges Int
4. with Interstate commerce AT
.T,, s9wer Of congress should be e
y, % abolish them.
s,ait,,t View View 1t declares, at is u
| n M. interest of the whole coui
t,s. an arrangements, customs
M which artlficially depress Il
h " cotton should be abolished =
NJ, Ilr i in conclusion that idea
rIr. iuinres" generally depress Il
49, 70 a Cnnailaro1 ~ a....,t ~