Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-01-04

The Debate Hesumcd on the Cur
rency Biil-Cnil OF Committees.


Washington, Jan. 3.-The house pre-
ed to order by speaked Crisp today after
the holiday recess. The galleries were
crowded and over half the members
were in their seats.
After the call OF the committees for
reports, on motion of MIR. Springer the
house went into committee OF the whole
for the further consideration OF the
currency bill
Mr.. Richardson, Democrat, Of Tenn
essee, In the chair and MIR. Black, Demo-
crat OF Georgia, member of the bank
ing and currency committee took the
floor in favor of the bill.
Mr.. Black denied at the outset that
the banking and currency committee
mad turned a deaf earto all others. lie
heard only national bankers while CON
sidering the pending measure and had
turned deaf ear to all others. He
met and PARTED other criticisms of the
opponents of the bill and gave a his
torical review of the financial doctrines
of Democratic presidents from Jefferson
10 Cleveland. Legislation had not
caused all the misfortunes under which
the people We're suffering, he said. 1t
might have contributed 10 their misfor-
tunes and he believed the passage OF
the present bill would contribute to
their relief hut he deprecated the feel
ing abroad in the land that for all the
ills and misfortunes Of the people they
should turn to congress.
Mr.. Blacks advocacy OF the state
banks of Issue was ardent but he con-
cluded by expressing amid applause the
opinion that the only real function OF
the government was the coinage OF
gold and silver.
Mr.. Haushen. Republican, OF Wis
consin, who followed, opposed the
measure. He described the bill as Il
crude measure, fraught with dangers
TO the country and created considerable
amusement by his reference to Mr..
Spiingers position last summer when
he (Springer) antagonized the repeal
of the state bank tax. He referred TO
Mr. Springer as the only agile" mem
Der on the floor whose voice had been
on evers side of every question, ana
said the administration had made no
mistake when II had selected him TO
press the proposition for II flexible and
elastic currency
At the conclusion OF Mr.. Haughen's
remarks, MIR. McCreary Dem) of Ken
lucky, who was q member of the
Brussels monetary conference. took the
floor in favor OF the measure. He
said he had examined all the plans
suggested for a reform of the cur
rency and he regarded the Carlisle
bill as amended by the Springer modi-
fication as the best solution of the
problem offered. He was opposed, he
said, to funding the greenbaclls with
interest bearing bonds. He believed
the banking business should be d.
vorced from the government that the
greenbacks should be retired by the
surplus revenues as rapidly as possible
and that safe and elastic currency
should be provided. These objects, he
thought, would be attained by the
passage OF the pending bill.
Mr.. McCreary expressed the opin-
ion that in the event Of the failure
of some currency legislation at this
session one hundred million or one
hundred and fifty million dollars OF
ponds would have to be Issued.
"How would the passage OF this
bill relieve the condition of the treas
ury?' asked Mr.. Dingley.
Mr.. McCreary did not answer the
question directly, but said the endorse
mont OF the president and secretary
of the treasury had been given to this
bill. all the members of the house
should unite in an earnest and sincere
effort TO reform the currency and give
relief TO the treasury.
Mr.. McCreary yielded a few minutes
Of his time TO his colleague. Mr. Buck
ner, the new Democratic member from
bNtHtuNhSs NHo sPOhu VI biic
bill.
In the course of the latter's remarks
he eulogized President Cleveland and
Secretary Carlisle as Democrats. He
said the cardinal difference between
a Democrat and Republican was that
the latter believed in protection. and
that the former did not 'yrhcre is just
as radical a difference between a Dem
ocrat and Populist," said he. 'the
latter believes the government can
create fat money and the Democrats
deny this in toto"
Mr.. Adams, Republican, OF Pennsyl-
vania opposed the bill, attacking some
OF its provisions vigorously. specially the
revival of state banks. While speaking
of the depression existing In all enter
prises, he referred to the decline OF so
cents n ton in the price of coal which
he said had cost the people 20.0O0,000.
Mr.. Simpson. of Kansas. seized on
this statement and asked Mr.. Adams
who this loss fell on, producers or con-
sumers
ION the miners, the holders OF the
railroad shares, etc." replied Mr..
Adams.
That's what want to get att said
Mr.. Simpson.