Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-01-05
coo M B s. Bill l.
It is the Result of the Discussion of the
Carlisle Measure.
Ii Does Not AntaEOnize the Secretary
ments Suggested.

Representative Coombs of BrC oklyn was
asked this morning whether he had re-
ceived any expressions of opinion as to his
proposed banking bill. which was publish
ed in rhe Star yesterday.
He answered: Yes. a great many MEM
bers have expressed approval of its pro-
visions and said that il an opportunity
was given they had no doubt that 1t could
pass the House. particularly IL 1t was dis
tipctly understood that it had the approval
of the Secretary of the Treasury; that
many members who would feel themselves
bound in Difference to the Secretary to
vote for the present bill would swing
around in favor of more radical measure
If he asked for it,
Have you any intimation from him that
ne will adopt it?"-
No further than that no one doubts
bis wish that all the gold-bearing notes
should be funded. doubtless he was de-
TERED from making that request, that
&c es to the root of the matter, for the rea-
son that his experience heretofore did not
give him grounds for hope that 1T would
lie favorably received by Congress. He
has informed US that his proposed bill was
a tentative proposition, offered for the pUr-
I.ose of eliciting discussion and inviting
amendments In taking this course he
made the highest exhibitor of statesman
ship. The discussion has had doubtless
for it has developed sentiment shared In
hy members from all sections of the coun-
try favorable to at once removing the
difficulties by funding the notes.
Not AntngOnizing Carlisle
$50 I regard my suggestion as in no
sense antagonistic to him. bat as a natural
result of the. wise course that he took, and
/ firmly believe that if he were today to
make that request it would be approved
by the House, and have some chance in
the Senate. OF course, I refer to the ques-
ton of funding. the ,,reenbacks and Sherman
notes The other provisions Of my PROPOSE
ton are a natural outcome OF mat ac-
uon, aud are designed also to elicIt the
Support of the friei:tis of state banks, while
at the same time 1t does not antagoniZe
national banks. lou must bear in mind
that there are states which do not permit
banks OF issue Under their constitutions; III
such the national BANKS can be extended.
L. also saIisneS many faIr-mlnded suver
men its provision TOR siving the people
such SILVER as they can use.
''Haye you received any suggestions for
amendments OF your blil !'
Amendments Suggested.
Yet it is suggested that the interest on
emergency circulation should DE made )
per cent instead OF = IL per cent. 1 am
quite satisfied TO accept it Tor the reason
that it Will insure more rapid retirement
ana the amount received from II would go
d great Ways to onset the interest on the
bonus.
'-rnere has also been another suggestion
maue, worlny OF consideration, ana mat is
taat the w inGOIn plan, whereby savings
banks and trust companies could In emer-
sencIeS deposit bonus and receive clrcuia-
ton unuer the same conditions of redemp-
tom as national isailks, the interest OH the
deposited bones ceaSing until the circuia-
ton was again returned. TINS, OF course,
is worth thinking OF, Tor 1T would have the
effect of renewing those institutions from
the necessity for carrying a large amount
OF currency in their vaults, as tney do at
present
wv hat do you think of the Sperry bill?'
1T is III accord with my views as far as
ii goes, but 1t would have to be supple
mented by other legislation. 1t clears the
g1 ound and makes good legislation possible.
but does not go far enough in the direction
of satisfying the supposed necessity for
more circulation"