The Cambria freeman. [volume] (Ebensburg, Pa.) 1867-1938, 1895-01-11

WASHINGTON, Jan. 9.-The house ses-
sisn was spent in general debate ON the
currency bill and the opponents of the
measure had their innings All the
speakers except Representative Cox
lTenn.) antagoniZed it. The feature OF
the day was the speech Of Mr. Sibley
Dem, Pa, who made an attack ON the
the president and arraigned the Demo-
cratic party generally for drifting away
from its traditional moorings His
speech created much confusion and a
good deal of sensation.
Mr.. Tom Johnson (O.) also created
stir by affirming the proposition that
the bill either created a monopoly to
issue the legal tender money of the
country, or was failure which would
give dishonest bankers under the law To
defraud the government.
Mr.. Bland MOI made an earnest
speech against the bill from the stand
point of free silver.
The other speakers We're Messrs. BeltZ-
hoover Dem, Pa, w. A. Stone CRep.,
Pa, Morse rep, Mass.) and Coffeen
de IN, wy.
Mr.. Sibley during the course of his
speech said: If ever rebuke was
needed to one who has attempted to
trample down the prerogatives of the
people, it Is needed for him who has at
tempted TO usurp this entire government
to himself. The time has come when
there should be something more than
brains, belly and brass to this govern
ment."
He referred to George III, and said it
had been given out that anyone who
voted against this bill would incur the
dlspleasure of the king Four days
after rha rpnnal nf Sha,Y,,ar,
members had told him that they had
been promised revenue collectorships if
they would vote for repeal
The gentleman makes very broad
assertion, interrupted Mr. CoOmbs,
Dem, n Y and asked Mr.. Sibley to
mention names.
Every man is the guardian of his
own conscience" declared Mr.. Sibley.
Already the padlOcks have been on my
lips too long, and l intend to throw
them off"
When We're the Padlocks put on
your Eps?" interrupted Mr. Outhwaite
Dem, o.
There was great confusion and ex-
citement following the question
Il have not thrown them off before"
continued Mr. Sibley, because l hoped
TO see the administration redeem its
promises and did not wish to utter re-
fOrmance"
Mr. Cultivate had pushed forward
and again uttered his question: Who
put the paddock on your lps?''
Mr.. Sibley heSitated for a moment
and then with intense earnestness, said:
Let me tell the gentleman that l am
not talking today 10 men who believe in
going TO hell in handcart instead of to
heaven supported by truth. Let me tell
him also that | am not addressing men
who believe more in a bObtail flush than
a cOntrite heart"
shout of applause and laughter
created the statement
MIR Slbley proceeded to relate the ex-
perlence OF DyOnisius when he was again
interrupted by Mr. Outhwaite, Was it
DyOnisius who put the paddock on your
lips2"
Mr.. Sibley made no reply but con-
tlnued at length III the same strain.
MIR johnson (O-) explained WHY he
believed the bill, if il could be enacted
INTO law would prove mOnstrOus fail
ure- He denied that this bill was de-
signed to take the government out of
the banking business and asserted that
no bill could be devised for sound cur
rency issues which would not place
them under government supervision and
In effect make them alternately redeem
able by the government. 1t was the
office OF the government to furnish
money This bill proposed to confer on
banks without limit a right that could
only be conferred on a monopoly. 1t
gave them monopoly or it was a fail
ure. He attempted TO demonstrate that
the bill would confer the same monopoly
on the banks that the Bank of England
and the Bank of France had. This was
true because the greenbacks and treas
nry notes on which circulation could be
taken out Were limited in number.
There We're but 1916, 900. 900 of these
notes. When they were deposited for
circulation the monopoly would be COM
plete.
MIR Johnson sketched a scheme by
which dishonest man, entirely within
the terms of this bill, could make S52,-
500 in two weeks by starting a bank.
Gould that not be done under the
present law" asked Mr.. Springer.
No, sir," replied Mr. johnson, "be-
cause he must deposit S114, 900 worth of
bonds TO get $4,000 in circulation"
Gould not the Canadian banks per-
petrate the same frauds?" asked Mr.,
Springer, returning 10 the assault.
No, replied Mr.. johnson, because
the Canadian system is a government
monopoly"