New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-04
WHAT CONGRESSMEN SAY
PROSPECTS AND NEED OF BANKRUPTCY
LEGISLATION.

LEGISLATION.
PROSPERITY AND PLENTY OF MONEY IN IOWA
PRESSURE FOR NEW PUBLIC BUILDINGS
Mr. CANNON TALKS ABOUT CUR
RENcY LEGISLATION AND
APPROPRIATIONS
fry rrLpoRApH 10 THE TRIBUNE
Washington Dec s-"What- in your opinion, Is
the prospect Of bankruptcy legislation al the
coming session. asked Tribune correspondent
TO-DAY Of General Henderson. OF Iowa. who is
chairman Of the House Committee on the Judiciary
which has jurisdiction Of the subject
Well az TO that. II Is rather early for me TO
sx,r.s. an opinion On Monday I propose to IN
.roduce a bankruptcy bill. which Will be sub
s,antially identical with the one passed by the
House Of Representatives in the last Congress
There has also been referred 10 this committee
the bill passed by the Senate ~ the special ses-
SION There will be a meeting OF the committee
early In the week. and We will exchange views or
the subject and see what prospect there Is OF IA
vo-able committee action. Then A subcommittee
ell take the matter up and frame a measure either
a substitute for the Senate bill or. taking that a.
a basds propose amendments 20 II.
DO YOU think there is q strong public demand
to- .uch lseislation7' asked the correspondent
Yes. / DO. and believe there Will be strong
nr.ssu-e brought 70 bear IN favor OF II Such
legislation. properly framed and guarded Is re-
ouired. In the opinion OF a great many peop'e oo
s,dea myself and all for the same reason. during
,he hard times Of the last Administration thou
sands Of men went TO the wall and their energies
were bottled up. who. II they could hnd esa re-
,ease from the chains which now bind them would
again and Immediately resume the activities OF
business life. and add immensely 70 me ieVersse
In favor Of general business prosperity lney
would be able to share in the dement's OF the 'A'i
legislation OF last summer, and the country "o'No
BE- all the better for II
And yet" continued General Henderson. strong
resistance will undoubtedly Be offered 10 the enact
Ynsnt OF such legislation. and no man ousN no"
TO at,smp, to predict what the outcome may oe 90
far az the coming session is concerned The MUS
7 dare say Is that my hope II strong
o.n.r.l Henderson confirmed what many others
have said about the return Of prosperous cono'uons
IN Iowa Money ,e plentiful. he remarked -
plentiful that II fairly goes begging IN our iio''
centres. Formerly loans were freely ana eaSy maui
IN dr., unortGases on Iowa farms at per cent
and were considered good and safe investment
aa could be made. This year the farmers are lend
.ns money to one another TO pay their deoS ano III
cities like Dubuque millions Of investment capita
are idle or employed at rates which wouid nA'e
been scorned several years ago" According 10 Gen
.ral Henderson. those who are actually suffering
however are the men who were ewamped ouflns
the hard times from lS97 10 1897
REPRESENTATIVE Mercer Of Nebraska who is chair
man Of the House Committee on Public Building
.nd Grounds agrees with General Henderson as 10
the desirability. rather abe necessity OF oank-
ruptcy legislation. In conversation with ir'oune
CORRESPONDENT to-day M Mercer said: 1T 10 aose-
tu,ey necessary IN my opinion. that oankruptc'
law should b. enacted At the coming session We
nav. Thousands Of men In Nebraska who were laid
IA, by the hard times OF the last hree or iour
v.s-s Who win never be able to regain their tset.
r,anc,ally speaking, until such 10 " Is passed Al
,h.v were released from the burden OF Indebtedness
which IN now keeping them down they "ou'o d.
.,,.gs IN tho activities Of business. and
~ o,lv bs sharers In but contributors TO the pros
n.,,.x which the Dinsisy law u restoring 70 the
.ou,try not only by the direct advantages -
..v,nv 70 American labor and home industries out
~ ~. hon. and confidence It has inspired through
v. - ..r,,rv rood bankruptcy law would be
80 FUNDAMENTALLY 10 the new tariff. because 1t
-ouid ada 70 the influences 1T work IN oehal OF
National prosperity ,.
.vour committee Will Be likely 20 have its hands
Full a. the coming session." suggested the corr'-
spondent ,,,,s
- ,.w nuhlic buildings legislation during the
las. Congress About two hundred o'"s iO ne"
.r.s and buildings. increasing the unit Oh Gus.
~ othsr buildings heretofore authorized ana 90 oi
-. already been referred 10 this oommiteee' Ahu
, .,rno.e A tremendous pressure will be eKsrten
e.
.,.-sI nropostion am In favor OF putting new
government, buildings wherever they are heeoeo'
nm. Of course cannot buud theoi Unless
haye money to pay the cost strohsS no'0 -. -.
,.,,.v. that within tho next year or Two 'hs puoe
,,.r,.. viii 30 increase that We will be able 70
-. liberal appropriations for new pubic
-rs,,.. Al we'll as for other necessary oosec's
A. % that the policy 10 TO be in respect 70 iessiH
~, CONCERNING appropriations for the former at
IN. coming session Is too soon yes 70 say
u,-e,oS LOSSES IN NEBRAsKA-
.,,,,, .hou, the political campaign in Nebraska
chi. vesr?" asked the correspondent
well II was an interesting ono aho' a.'nousn y"
a,d not accomplish all We hopeo ~ VIC .n. ~,
,,,s.r IN. eircumsAncss and IN my opiho" We VIZ
- -, hs<,sr next year When reluctantly con-
..c,.a 70 accept the chairmanshp OF 'he '.a'e Ce"
,ral Committee II was with ne uhoefS3ao's 80
-. vsr. 70 make still hunt and devote ali our e".
..s 10 effective and quiet orSanizaton win 'e
% ,,,nr,nr out as full Q Republican vote as p
e.hl. on Election Day The Fus'onists. On inc co'I
49, .t.r.ed out with the idea OF making a oraHS
hand campa,ru Speakers were billed ior hee'i"s'
ali ovsr the State Many Of the meetings hao W "
abandoned because there were no AUDIENCES i'i '"e
. sneaker. 70 address The farmers were TOO busy
s.ry..,,ng and marketing their magnificent crops
the merchants TOO busy selling them so0oS'
and In fact everybody was too busy 70 at'eho po-
utical meetings and listen 70 Fusion oratory' mon
started bsckars through sns befole se ciec
don we had the Fusionists whipped conference enc.
Of Fusion leaders was held. and II was agreed tpst
the STATE was los, unless the tide could be stemmed
BRYAN was recalled and made tT%. q F .ns Gov
was put the stump, the ohcais OF an me
State Institutions drafted into the service and
everything possible was done 10 arouse and bring
out the Fusion vote. Weu the result was that the
average Fusion majority Of last year-l7o o-"hen
Holcono received about 1900 maJorty and Bryan
1000 less. was reduced 20 about lOOoN;his year
CHAIRMAN CANNON AT WORK.
Chairman Cannon Of the House Appropriations
Committee found IN his committeeman this
afternoon. Work on two Of the general appropria-
tion bilIs-the Legislative and the Pepsion bills
has already begun. In reply TO a question by a
Tribune correspondent as whether the people in