New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-05
A TRUMP UP HIS SLEEVE?
PERHAPS CHAIRMAN SPRINGER HAS A
BIG CARD TO PLAY.
ALI SORTS OF RUMORs AFLoAT ABOUT THE
PRESIDENTS INTENTIONS IN REGARD TO THE
SPEECHES AGAINST 1T.

Try TELEGRAPH TO THE TRIBUNE
Washington Jan 4-Chairman Springer's cheer
fu. not to say confident declaration that the pend
ing Currency bill will pass-that 1t must pass -
was repeated so often to-day as TO remote the
doubts OF some members. and convince them. for
the Time being at least. that the measure will be
defeated There other surface Indications
tending toward the sam. conclusion. such as the
sentiment which appears to be gaining ground to a
moderate extent among Democrats in favor OF the
Sperry substitute ga synopsis OF which appeared In
these dispatches today some kindred measure.
II has become apparent however. that the friends
Of the bill have. or believe they have. strong
trump card TO play at the proper moment. which
may win the game. Whether this will appear In
the form OF special message from the President
OF the United States. of confidential" letter
TO the chairman OF the Committee on Banking and
Currency to he iourished In the faces OF Demo-
cratic Representatives before the vote is taken or
whether there is any such trump AT all. is secret
buried in the retcent bosom OF the Sangamon
statesman. from which human power could
tear It.
All sorts Of rumors relating to the Presidents
probable intentions were afoat to-day, one of which
was undoubtedly true-that he has been urged by
at least member OF his Cabinet az well as by
several prominent Democrats IN Congress. TO send
IN special message urging the passage OF the
pending bill. with without amendment. When
asked about this by Tribune correspondent late
this afternoon the wary chairman OF the Banking
and Currency Committee would neither confirm nor
deny IT, The most he would admit was that the
matter has been talked about good deal OF
course"-and that everybody knew. lie was even
more reticent than Secretary Carlisle on that sub
ject for the latter made admissions from which
II was easy and fair infer that the President
has the matter under serious consideration. An
other rumor. and one which had An air OF propa
bility was that IT already settled that special
message would be forthcoming lat the proper
time" II ncoessary-the necessity depending upon
the caucus which is to be held Monday afternoon
II the pending bill should be adopted as party
caucus no message: II not a message thlrd
rumor which seemed Wild indeed to everybody who
recalled MIR Clcveland's efforts 10 Influence legis-
lation which began before the expiration OF the
LID Congress and before his inauguration as Pres
ident and continued until the end Of the second
session OF the present Congress. was that he re-
sented the efforts to induce him to take hand IN
the present contest and to one who had approached
him on the subject had said in substance:
will not say a word r LIT finger in behalf OF
My Views in regard to the measure are vel known
TO that body. The necessity and urgency OF ieeis-
lis duty without constant goading from me IL may
leave lis duty undone so far as | am concerned.
4 RUSH FOR THE PIE COUNTER"
The caucus IS 10 be held Monday afternoon at
o'clock and every EFFORT VIII be put forth TO secure
the attendance Of all the Democratic members who
whose favor probably De- obtained by private
view OF what Is rather vuIgarly. but with great
accuracy described az the pie counter II n
stocked Win danies In the shape Of official patron
age as II was eighteen months ago when me Al
ministratlon had II set 70 catch Democratic votes
for the Silver Repeal bill but II must be Iem"in-
bered that needs must waen IA" deyii drives
In other "orlF. mere az" now huhdf"d P'i"o,
Gratis In the House who Will be- Statesmen out OF
job" seven weeks hen.c. and they cannot AFFORD
to b" too particular IN th"iT choice - political
yianls The early hour for the caucus ind rate-
that long and stormy session j. expected and his
The debate today marked by Two notably
1 hS .prs N M IS nscy n n n cne c
the ahiesi and most convincing that h" has ever
REPRESENTATIVE ami that is saying q great deal.
for he II regarded all sides % The sound
est and bcst-cquipped men ia that body. II" dwcit
with telling force on a phase u the pending qucs-
ton which Domocrntlr opponents ~ the hl ma
emergency which has .orced me Secretary Of the
bond. to the tune OF sico,"oco va. caused By he
party IN power. who's" farf legislation ana threats
OF moe of the same sort have cut down the
public revenues and demoraized ~" finances Of ~"
country that such action beam" necessary. not
only TO sustain the public credit. but 20 provide
funds with which 10 pay the current expenses -
the Government. The bonds were sold. not to OBJ
tain gold 70 maintain specie payments ns the law
contemplated and authorized bur TO meet denct
OF s., o0ep ia the revenues lie ala c~nsur"
the secretary Of IN" Trea.nry Tor doing this. but
that ofhcer had 10 rght 10 Increase IN" Interest
Secretary Of the Treasury has been begging
Democratic Congress ~ nearly TWO years 10 aU-
and Congress has denied IT," said Nj Dugley with
great emphasis
MIR HENDRlN'S ARGUMENT
The first speech OF the debate was II 10, the
best. one OF the best since the bill was brought
before the House. II was delivered by Mr. Hendrix
Of New-York. whose speeches always command the
attention OF that body To-day's exception.
Members In rcmo,cr parts Of tho hail left their
seats and hocked around him and listened with
earnest attention. and when he had concluded he
was rewarded with round Of applause which
VINO appears not only to understand his subject.
but who Is In earnest. and members seemed heartily
to enjoy the opportunity to-day. Perhaps an ex-
ception ought TO be noted IN behalf OF Chairman
Springer and few others The SangamOn states
man especially. while he was attentive listener.
did not appear TO be pleased one. and as soon
whispered conference with Mr.. cdruh OF Kentucky.
who was to follow the ew-Yorker. No mere
OF Mr.. Hendrixs speech could do justice
10 IT or give fair taste Of It's quality Some OF the
points made by him ho~eyer may be noted He
attributed the paralysis and depression OF business
In 1898 mainly to the increase In the circulation is
struggle over the repea, OF ne bullion purchase
provision OF the act Of 1890 II fair 10 infer
Of 1898. which h" attributed 10 the Tarin agitation
and legislation OF that year. that In Mr. Hendrx's
agitation and legislation could have been averteI |
"If this bill Will relieve the country from the |
rosei To- IT,. said Sir iendrs who o' cont tin ci
This bill VIII not do what II promises 1t is a
vast body Of circulation a large Imitation Of bank
credit currency with releemcr In sight" He !
argued that the "wises safest and cheapest thing
that could bc done would be To redeem. retire |
and destroy" all the demand notes OF the Govern
mcni. Mr. Hendrix also argued that by borrowing
300. gOOD. Ostensiby 10 maintain the gold reserve
the Government is actually paying per In |
tcrcst the greenback debt. and that after Dor
rowing 100000 more AS viii soon be necessary"
IL will he paying per cent Interest all its de-
mand notes. Mr. Hendrix declared that the bill II
enacted into law, will he failure, abortion |
from the start" He strongly appealed To the ma
Of he addressing himself th.
Southern MEMBERSHIP stand up for sound money |
and pointed out that it would be for the best in
tcrrsts OF the South for them to do
Mcssrs Han. Of Missouri. and cox. Of Tennessee |
two OF the more prominent champions Of State |
banks of issue. tricd To persuade Mir Hendrix to
admit that while National bank notes all very |
well for general National cIrcuI don State bank