The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1895-01-04
WASHINGTON LETTER.
iJsoH oeA RHsuL.a cos,Hsrosnssr
WAsHiNdToH. January I lrsi

Sensational statements concerning
what congress would do with tho
currency bill when 10 resumed business
have followed each other thick nnd last
ihis week aud. although many of them
wsrc ro wildly improbable that ibrv nrr
not worth mentioning, oihrr hll 90
foundation based upon truth. Among
the asi was the statement that tUr
Democrats we're so equally divided ON
the bin that the Republican, oi tho
house would have the power oi de,uiug
whether the bill should Il. pi..ed or
defeated. This sounded quite Inn.
probable when IL was drst ma,ls. hut
when u was publicly reiterated by
Judge Culbor,son, OF Texas, q member
Of the house oominiticr on banking aud
cutmncy. II took on diG~rnt aspect.
Judr- Ouibertrsn said - hciiee. that
the Republicans have II w. their t,osct
20 pass or defeat the Till, aud have no
idea that they will help Ia pass h."
Another statement that Is true IL. that
Democrats opposed To the hill urr irving
To get votes enough pledged 10 defeat
IL In the Dcmocratic caucus that Is To hc
held next week. II they unccrrd, there
will probably be No caucus.
II bcromes necessary In odcr la
prevent the outrig ht defeat Of the eur
rrncy bill, without u vote In the house 10
abandon the proposed house Democratic
caucus, it Is believed 10 b. the intention
Of the administration Ia attempt 90
duplicate the Tactics adopted .lt yptr
TO pass the silver repeal bill through the
senate. That b., 10 seek a combination
hetwccn the Republicans aud the at.
ministIalion men. In orlrr Ia test the
sentiment OF the Republicans in the
house seme Of them have been asked hy
iriendso Of the administration whether
thuy would supper, the currency bill u
the state bank currency section. 10 which
the Republicans are unaliembly o.
posed, were dropped.
Mr.. Matthew Griffin, owner OF an
influential New York financial paper, IL
visiting Washington. lludo.rnt take d
bright view Of the busiuess outlook TOT
1895. he said "rhrrr IL absolutely
NO ground Tor believing that there will
be any greet improvement iu busiuc,,
Tor the next six montlr, great many
people pin thcir faith to change iu
the currency laws. dou't believe tht
adoption ct new monetary system
would mend matierun particle. Europe
Is poor, is In want of money aud unload
her American securities upon as. ~ as
TO draw ou Ne continuously Tor gold. Oui
farmers are getting nothing Tor their
/ products, hui orr railroads ure not
earning any money. What congress can
$40 10 relieve chi. state of things is past
nay comprehension. An we can do Is
10 wait and hope" That congress could
do much d. ccrain, but that BE- will dc
nothing appears 10 hc rlually rertaiu Ia
the minds oi many Of its mvmhors. Foi
instance, Representative Walker. o
Mass, who claims 20 have been th,
frat 90 suggest the idea oi eXtcnliug 90,
currency oi national hanks which Co..
F. part oi the Carlisle currency bill, thinks
. things mo practically boo dead luck
lie SAWS Financial lesitlltion at thi
scssiou of ronsrcH BE- impossible nnle.
present conditions, ihe whole question
] being so strangely mulllol by the All.
mini-tmton, which docs mot seem {,
have ans conception of what Legislation
necessary 90 compose the finances o
tho country mad especially 10 reliey,
tho lreaslry from the constant aomsud
Of gold"
/ Chairman Springer, who Is la chargl
/ otiho currency bin has served motto.
upon Alr Bland that when he attempt