The herald., 1895-01-09

hades from tho fruit Of the tree OF life
And if Andrew Jackson's spirit were to
appear it would. he concluded, kick
ovsr tho table and Danish those apostles
in disgust.
Cox, Democrat Of Tenressee. followed
With @ careful argument in support of
the bill. Stone, Republican OF Penn
sylvsnis,- did not.ttink the pending bill
would relieve tho treasury eituation,
nor did no, in fact, believe the retire
mont of all RreeRbacks end treasury
notes would check the demand.
OPPOSITION FROM OHIO.
Mr.. Johnson. Democrat OF Ohio, fol
lowed with caugtic speech in opposi-
ion TO the measure. He said he thought
lie owed an apology to the public for
epesking hggiRss bill which VICE AZ
dead 90 this wss. He denied that this
bill was designed to tee9 the govern
nent ont OF tho banking business. snd
asserted no bill could be Devised for
sound currency isaues which would not
place them un1or the government
supervision and, in effect, msks them
alternativsly rldeemabie by this govern
ment. 1t waa the Office OF the
government to furnish money.
This bill proposed 10 confer on
banks without limit right that
could only be conferred on o monopoly y.
Il gave them monopoly or it was a
failure. He attempted to demonstrate
that the DILL would confer the came
monopoly on the banka that the Bank of
England and the Bank oil France had.
This was true because the greenbacks
and treasury notes on which circulation
could be taken out where limited in
number. There wsro but $40, 900 900
of these notee. When they were de-
posited for circulation tho monopoly
would BIS complete. Johnson sketched
q scheme by which dishonest man, en-
tir9lv within tho term, OF this bill,
could make $50, 500 in two weeks by
starting bank.
"CoulG that be dons under the present
Law ?" asked Springer.
mo, sir" replied Johnson, "becsuse
he must deposlt STA. 600 worth OF bonds
to get $4,000 in crculat on"
Gould not the Canadian banks par
petrate the same frauds?" asked
Springer, returning to the assault.
NO" replied Johnson, because the
Canadian system 10 government mo-
nopoly."
Morse, Republican, OF Massachusetts,
m de q brief speech in opposition to thu
bill, and thsn Bland, thu leader OF the
silver Democrats of tho house. took a
s'and egainst it. He spoke with great
feeling. This bill, he declared, was IA
attempt to tenn orizo with great issue =.
He called al IGNITION TO the Democratic
pstform OF 1892. the pledge to settle the
financial Ouast Ion on tho lineu OF bi-
mstalit m. lie traced the cu'se of
those who, he alleged, we're carrying cut
a conspiracy. first she repeal OF the sill
vsr-pnrc maze law ela now tho con-
summation Of their plans.
Mr.. Bland predicted it this bill be-
came law that tho g.eenbacks would
disappear and the chance 10 obtain
gold standard would DO entirely elm u
Ated. In conclusion Bland protested
agsin.t tho bill lin the name OF out
ragged Democracy" Neither thic house
nor this adm nistratioE ia tho Dsmo-
cratic party, said ho, and L appeal TO
tha masses of Democracy to roorgenizs
on the lines oil the principles OF JeffeT-
son and Jackaon. (Applauss).
Coheen, Demccfas, OF Wyoming. con-
GUIDED the debate for the day in oppo-
sion to the bill, and st 5 o'clock the
houae took "a recess until 8 O'Clock,
when, under special ordsr OF yester-
day, the bill prepared by the peneion
commute for the modification of the
pension lava WAS formally read.