Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-01-05
Says Hepburn, aud That Is Our
Trouble.
THEBURoPEAN NATIONS HOLD GOLD
If They Desire to, But Carlisle Uses No
Discretion.
Rather Hot Debate tn the House ON
the Currency Biii-senator Coke
SLIPS, Falls and Hurts Himself.
Texas Postmasters.-The Senate.


washington. Jan. i,-At the opening
OF The house session today the speaker
laid before the House the resignntlon
OF Representative Painter OF the Fifth
Kentucky district, to take effect To-
morrow. when he nssumea his new dn.
ties oe tudya ~ IA ,o,,,., Il r,.
M " ''e NVuie u Sppu"is'
INV ueuee on the currency bnl WAS
resumed and Mr.. Hendricks C1em) OF
Nav yorls tnoi, tba nnnr rho si,,,.a
a.. 49,. ,s-
u'n u'A' eonirpnteu ihe treasury ana
the country, he said. had not como
suddenly upon us MIR xyitbout 1varn.
lng Va ~, Ii.i.o, e,a,n
N'''vN ''a'.s - 81
OUT OF 'he nusiness OF furnishing cur
rency for the country as u bank of
Issue? Mr.. Hendrieks aa,,ed tr not
who, 90, l., ,,,,,,,s =, II, A.,
s'"s " Wv :" ''uei W
avoid the financial bad lands Were
the people OF the United states 10
1xcen on tran.yrecaI,,. .,,o.,, I,., :,
o,,n,,,,.. -, -"
.'ec "eiSinb inc "otlu ana continue
70 do what every other nation had
failed TO do? 10 Illustrate the rcat,lr
OF the nresent system ~ tfc,drinl,.
VI 'he present system ar. hundrlehs
pointed to the large accessions OF gold
made by the Bank OF France and the
Bank OF ENGLAND nj our .xnspae nh.
FORMER vasterdnv heid oyar . eoo ono oos
-oiines yesterday heid over z,soo'VVVVVg
gold francs, the latter 33.OOO.0OO pounds
In gold. The capital and the gold bull.
lion az tho y,or,b ,,.as ,.,t,n, ~, .h...
country Would doEswhethcr wond
heenn,s lnttsr,,,,, ,',,aI,i" - 800, IN" M,
IsatoSs o r gandrcs de an il,eet ,ls 9p
ieaiiy the present anomalous sitsia.
2h SnaSgh, money i ais the nb oans H.
ing from hald to mouth and the treas.
ury arhtlnt- 10 keen M hend ahov.
water.
Mr.. Hendricks described at length
Tho nroress bv witch mo ,rold vvss
Withdrawn by specnlntors for ship.
mont abroad, and then proceeded 10
contrast This with the Situation In
France. where the Bank OF France re-
fused to pay, except where actually
necessary, more than 8 per cent az
gold on its demand obligations. These
aggresslons ON our gold reserve must
be stopped. and IL the pendint, hill
would stop them, afford relief tnls,
the government out Of the banking
business. as il had been taken out OF
tho silver business, he would vote
for It,
Does the action OF Frances re-
fusal TO pay more than 8 per cent
In gold.' asked Mr.. Hepburn (Rop.) OF
Iowa. Impair the credit Of that
bank"
No
Then would tho credit Of the United
states be Impaired II the United
States should exercise its discretion
and redeem the sherman notes In sill
VerY'
Yes; believe Il would at this time.'
replied Nr. Hendricks.
WAY
because OF the general dlstrust or
the governments ability to pay gold.
one hundred ana nity-nlne milllon or
gold promises TO pay can't be
met without gold"
But the notes are redeemaple IN
coin, not gold,' was Mr.. Hepburn's
departing shot.
Mr.. Hendricks, continuing SAID that
the pending bill was open TO the VITAL
objection that u would not do what It
set out to do: IT would not relieve the
treasury OF the nggressions On
It's Eold, IL would be failure as BANK
because II would super-im-
pose upon I'M uncertain body OF public
credit currency inuc Ia longer and
more uncertain body Of private credit
currency without sufficient foundation
under the former.
with per cent ROlu DOnut