Waterbury evening Democrat., 1895-01-31
THE new BANKING BILL
It VIII Be Reported to the
House on Friday.
COMMITTEE NOT AGREED UPON IT.

1t Is the Administration Measure, but, oh.
So Changed-A Noncommlttal Recon-
mendation--Mr. Vest Declares War on /
the Presidents Financial Schemes.
WASHINGTON, Jan. 31.-The admins |
tration ranking bill will DO reported to |
the house frCm the committee ON banking !
and currency in much amended form /
and with noncommittal monumental |
tion that it lie considered. This con- !
clusion was reached after discussion last
ing all day, which developed lack of
harmony on the part of the Democrats OF
tho committee.
Tho Republicans supported the bill aft
er securing several amendments. Indeed
most of the changes made originated with
the opposition The hill will be reported
to the house Friday with the presidents
message. and as the report will be neither
for nor against it every member has the
privilege of fling his views
The session of the senate was unusually
eventful in giving expr ession 10 the intense
feeling which has been aroused by the
financial question and to the apparent
hopelessness OF arriving at solution.
sherman Dcnounces the silver Men.
Mr. sherman of Ohio spoke for the first
time since the new phases of the financial
situation were presented He urged the
senate to take he sub. ect from the finance
committee. where the task of framing p
bill. he declared was hopeless by reason
of q tie Mr. sherman arraigned the ad-
vocateS of e. silver for pushing their de-
mands to the point of paraly2ing legisla-
ton He asserted that the present emer-
gency could readily &c met by issuing
bonds Of such simple and convenient form
that they would b. taken by the people as
well as the anks, thus bringing the great
labor savings in the savings banks to the
rescue of the government
Mr. Vest lint personal interest to the
| debate by declaring that the president was
seeking to make congress accessory to the
welding of the simple gold standard on
| the people, Tho senator asserted with
| dramatic emphasis that he had thus far
held his peace, but that there must now
be q seI arating of the ways between him
and the president
| Mr.. Hill of New York also spoke briefly,
expressing the belief that congress would
| speedily aid the administration If the lat
ter would make known what 1t actually
| wanted.
The senate spcnt the rest OF the day in
executive session on the Japanese treaty,
| which was ratified
In the House.
| The house entered upon The considera-
ton OF the bill to fund the debt duo tho
| government from tho Union Pacific and
| Kansas Pacific railroads with 3 per cent
five year bonds. \ special order was
| brought in Ciy ing until Thursday for de-
bate. but the opposition to 1t was SO intense
and determined that n compromise was
| forced by which the time for debate was
| extended ono day.
Mr. Reilly, the chairman OF the Pacific
| railroad committee, consumed most of the
remainder of the day with the opening ar
| gumcnt in favor OF the measure which
included detailed history of the roads
| and their indebtedness, an explanation of
the hill and the advantages which would
accrue to tho government in the event OF
Its passage
Nj Harris If Kansas mndo the only
other speech OF the day. He was bitterly
opposed to the bill. claiming IL would al
low the "sCoundrelS' who had plundered
the road and goVcrnm, mt and who bad
derauched public morals and puhlic men
to keep their i'll gotten gains. He pre-
ferred to see the government tnko hargC
of the road rather than that this should
happen.