The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-02-03

Washington Feb. 2.-Comptrollcr
Eckels to-day further discussed banking
and currency matters with the House
COMMITTEES on Banking and Currency
Replying TO II question Mr.. Eckels said
that banking bill which did not get rid
of demand obligations would not relieve
the existing condition of the Treasury
In his opinion gold could not go to pre-
MUM as long as banks redeemed in
gold.
CONSIDERABLE JANGLE.
MIR. Walker (chairman) here took the
iioor and began questions relative to his
Dill When the section OF his explana-
tlon OF the measure reading: 1T Uhe
nliD provides surer and safer method
LOT the current redemption and also the
iinal redemption of such notes than
under existing laws" was reached, Mr.
Spaulding (Mich) started to ask a num-
Der of questions regarding this state
mcnt.
Mr, Walker objected. saying that he
had the floor
Mr.. spaulding replied that IL he did
liol nave the right to ask questions on
paragraph when IL was reached he
would not serve on the committees
Ntr. Walker said the committee had
accoiued This time to ask Questions on
ms bill, and he would keep the floor. and
ailcr some discussion it was agreed 10
n,,
ii later
a few minutes later Mr.. Cox (Tenn1
interrupted with a. question, and Mr
Walker objected.
MI. Cox said he would understand
'his matter or go back to The House.
Ml. Cox pressed his inquiry, and Mr..
Walker Instructed the official reporter
down. ~
Mr; Cox replied that he did not care
whether or not they were taken down.
ana again inquired IL he could ask his
question. '''
LEFT IN 4 HUFF.
Mr.. Walker replied that Mr.. Eckels
would proceed on his bill as agreed to
ny me committee, ana Mr.. Cox left the
room. '"e
Mr.. Eckels agreed with Mr.. Walker hi
me statement that under the present
law me United States had the most ex
pehsive currency system of any first
class nation.
Our country, he said. had the worst
financial system of any first class nation
III nc Wofiu. 1t was the result. in al
most every instance. of Immediate nee
essities, the first springing from the iatc
war. ''i'
he also agreed with the suggestion of
MI. walker which makes 1t to the inter
est OF banks to furnish the Secretary of
IL iISesuiy' as ADVISORS, any informa-
ION reiating to banking matters.
CONDI3SCENDS TO APPROVE.
The bill of Air Walker, he said. cm-
poaled a good many correct banking
systems. Its principal objections ne
with other bills, was that it undertool< to
ensraft an entirely new note system
upon the present system. Further he
dld not believe In having the Govern
meht issue any more demand obliga-
tions.
Dr. Brown, the attending physician of
Senator Harris. reports tonight that the
senator Is gradually improving.
VENEZUELA TREATY SIGNED
The Anglo-Venezuelan arbitration
treaty was signed by Sir Julian Paun-
ceiote, the British Ambassador, and
Senor Andrade, the Venezuelan Minis
ter, in the office of Secretary Olney Mt
the State Department at 4:2O this after
noon, signalizing the amicable termina-
non OF n controversy that has lasted
nearly century. as well as the resump-
tion of diplomatic negotiations between
two countries which had been suspended
for ten years.
Senor Andrade brought with him n
magnificent pen with which the import
ant document was subsequently signed
1t was sent TO him by his brother, who
II is universally conceded will be the
next President of the Venezuelan Re
public, and to whom 1t will he returned
as Il souvenir. 1t consisted OF 4 gold
pen fastened in n holder made from an
eagles quill, bearing midway from its
tip n gold heart thickly encrusted with
diamonds.
NOT WORTH IMPROVING.
Reports OF the Engineer Corps rcceiv-
cd at the House to-day designate as un-
worthy OF Improvement the harbor a
nd