Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-01-11
At the National Capital.


The Hawaiian question was again
brought before the public in the Senate
Friday 10y the discussion of the resolu-
ton introduced by Mr.. Lodge, of Massa-
chusetts. calling on the Secretary of the
Navy for information as 10 why the
United States battleshirs had been with
drawn from Hawaiian waters. The de-
bate. which was interesting throughout,
consumed the greater part Of the mora
ing hour and at its close the resolution
took its place on the calendar and can
now be taken up only by unanimous con-
sent. The debate was listened TO atten-
lively by Senators and visitors in the gal
leries The general debate on the cur
rency bill consumed the time of the
House The feature of the days debate
was the speech made in opposition TO the
measure by Representative Hendrix.
New York banker. The situation that
confronted the treasury and the countrf.
he said. had not come suddenly upon us
nor without ample warning. finance
minister of France had once remarked
sarcastically that God was good 70
drunken people. little children and the
people of the United States. Was the
United States TO 20 out of the business
of furnishing currency for the country as
bank issue? Mr. Hendrix asked. III
not. what was it going to do in order TO
avoid the financial bad lands: Were the
people transgressing every law OF hnance,
defying the world, and continue 10 DO
what every other nation had failed TO do:
To Illustrate the result of the present
system, Mr.. Hendrix pointed TO the large
accessiOns Of gold made 10y the Bank OF
France and the Bank of England at our
expense. The former yesterday held
$500. 100000 gold francs, the latter lib
OUo.000 in gold. The capital and the
gold bullion Of the world was resting IN
these great pools. waiting TO see what
this country would do; whether it would
become bankrupt unable 10 meet its
obligations. Mr.. Hendrix depicted
graphically the present anomalous situa-
ton, the credit Of the United States eX-
celent, money idle, the banks full, enter
prise at the lowest ebb, men living from
hand to mouth and the treasury fighting
to keep its head above water. He de-
scribed at some length the process 10y
which the gold was withdrawn by specu-
lators for shipment abroad. and then pro-
ceeded TO contrast this with the situation
in France where the Bank of France re-
fused to pay except where actually neces-
sary more than per cent. of gold on its
demand obligations. These aggressions
on our gold reserve must he stopped, aaI
if the pending bill would stop them, af-
ford relief. take the Government out of
the banking business rs il had been taken
out of the silver business, he would vote
for it. Mr.. Hepburn. formerly solicitor
of the treasury, briefly replied TO Mr..
Hendrix, whom he described as Il self
heralded national banker who came with
oracular utterances to tell the House
what to do. Mr.. Hepburn said his self
laudation was impaired hy the recollec-
ton of his speech sixteen months ago,
when the same conditions existed. Mr.
Hendrix then found the panacea for al
financial ills in the repeal of the Sherman
silver law Mr.. Hepburn declared that
Mr. Hendrix had pointed out unwittingly
the remedy for the present evil when he
told the House that the great banking
houses of Europe exercised their discre-
ton about depicting their gold vaults.
Why will not the Secretary of the Treas
ury exercise the same discretion? lie
asked. amid round of applause. The
exercise of this discretion did not impair
the credit of European banks Who dared
to say that the credit of this country.
with 63.000,000 of people behind it and
an unlimited taxing power. would be inn
paired because it refused to kEoel at the
demands of the shylocks?
In the House Saturday Congressman
Cochran made vigorous speech against
the currency bill. He advocated the
Baltimore plan. He was seconded 10y
Mr.. Lacey of Iowa, Mr.. Bland of MIS-
souri,. and Mr. Pence of Colorado. while
Mr. Haotpar IF a,,tSiana onI Mr.
ings of Mississippi exhorted their party
TO unite in support of the measure.
In the Senate Monday Mr. Ransom was
elected President pro TEN. and Mr..
Mitchell replied to Mr. Turpie's criticisms
of the Nicaragua Canal bill. Both House
and Senate adopted resolutions of re-
spect to the memory of Genral Post and
appointed committees to scort the remains
to Galesburg. Ill. The House ordered in
vestigation of charges that Judge Kicks
prostituted his office 10 further Il con-
spraey by which < J. Richie was robbed
Of S6,oo0.oc0. The caucus of House
Democrats indorsed the substitute for
the Carlisle currency bill 10y Il vote of 81
to - after spirited debate. The bill in
tended TO take the distribution of seeds
cut of the hands of Congressman has been
prepared 10y Secretary Norton AT an in
formal meeting of the Republican steer
ing committee il was aged there should
be no tariff legislation ut this session
Representative Sibley made an attack
on the President in 4 speech in the House
Tuesday in opposition To the currency
bill. Discussion of Mr.. Lodges Hawai- an
resolution was continued in the Senate.
Messrs. Palmer and Gray opposing its
adoption. The House Committee on
Rules agreed TO report resolution pro-
yidng for vote on the currency bill.
General Jacob =. Coxey explained his
non-intcrest bearing bond plan TO the
House Ways and Means Committee. The
Senate Committee on Appropriations or
dcred favorable reports on the army and
urgent deficiency bills.
Prices.
In 1884 gunpowder sold for ETA per
hundredweight.
Mary. Queen OF Scots, once paid ST.