The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-12-27
1t VIII Cover All Phases of Currency
and Banking. and May Not he SO
Radical ms Mr.. Cages Plan.
PROTEST AGAINST PAXS0N
CARLOAD OF OBJECTIONS IN sENA-
TOR CULLOM'S POSSESSION.
Little Likelihood that the Illinois
Statesman VIII Win His Fight--Mr.
ROysc's Election Committee.

Special to the indianapolis Journal
WASHINGTON, Dec 26.-The action OF
the House committee on banking before the
adjournment of Congress in voting TO post
pone consideration of general legislation
until after the report of the Monetary Com
mission is causing much interest among
members of Congress as TO what the re-
port will contain. The controversy between
Secretary Gage and some OF the Western
senators over the secretaryis declaration
for the gold standard is leading to the ex-
preston Of the hope among some Repub-
lican members that the report of the None
tary Commission will not go quite so far
as the plan of Secretary Gage in increas-
ing the bonded debt The members of the
commission were united in support of the
gold standard, but some of them believed
that the redundant mass of government pa
per could be diminished without the issue
of a large mass of gold bonds. 1t this
should prove to be the character of the
commissions report it might be possible for
Western senators to give it support who
are not willing to support the plan of Sec
retary Gage.
1t is announced that the report of the
Monetary Commission will be made public
within the next ten days and that the full
text will be furnished to the leading jour
nails of the country and distributed by the
executive committee of the Indianapolis
convention to members of Congress, stu
dents of finance, and other private citizens.
The report will present a comprehensive
plan for dealing with the legal-tender notes,
the banking system and the existing sill
yer coins in accordance with the recon-
mendations of the three subcommittee
which were appointed by the commission.
A bill carrying out the recommendations OF
the commission will be prepared, but prob
ably will not be ready for publication until
a few days after the report. Chairman
Walker, of the banking committee, has inti-
mated that no plan would be considered by
the committee which was not presented IN
the form of bill. The Monetary Commis-
sion proposes to meet his suggestion in this
respect and ex-Secretary Fairchild is at the
head of the subcommittee which is now en-
gagged in the preparation OF a complete
measure. Every branch of the report of the
commission, including the protection of the
fiscal department of the treasury, will prob
ably be included in one bill in order that
the entire problem of the finances may be
dealt with by the banking committee.
Senator Edmunds, the chairman of the COM
mission, will be consulted in the prepara-
ton of the bill, and every effort will be
made to make it cover completely the
ground of the report Chairman Walker has
already been asked to grant a hearing to
representatives of the commission, and it is
probable that Senator Edmunds and other
leading members, including one or more OF
those from the South, will be heard in the
support of their report. 1t is understood
also that the leading boards of trade will
admit rocOll1ti0nc their ODiDiOn
of the report of the commission, and that
some of them will send delegations to
Washington for the purpose of asking hears
ings from the committee on banking
The executive committee of the Indian
apolis convention, which has headquarters
at Room 30, Corcoran building, here. is re-
ceiving hundreds of letters expressing SYM
pathy with the general purposes of the COM
mission and assurances of support.
Senator Cullom, of Illinois, threatens to
lead the fight against the confirmation of
f. M. Paxson, booked for appointment as
chairman of the Interstate-commerce ComA
mission. He has on hand a carload of liter
ature from labor organizations, protesting
against Paxson, and there is material
enough to base a good healthy opposition.
Judge Paxson is the candidate of Vice Press
ident Hobart and it is by no means GER
tain that the existing disposition to fight
confirmation will amount to anything In the
end IT is said that the craftsmanship of
the Commission was rendered Senator Cul-
lom and declined by him, though not with
out a struggle, for the Illinois senator IL
entering on a somewhat dubious struggle
for reelection, and the interstate-commerce
craftsmanship is five-year office, carrying
a salary of $500. 1t would have been money
in his pocket to have. accepted the proffer
Representative Royse, Of Indiana, CHAIR
man of election committee No. 2 will call
his committee together as soon as Congress
reconvenes and proceed at once to business
This committee has charge Of the five Ala
bama contests, and it Is Mr.. Royses pur-
pose to push them TO a conclusion without
delay He says he does not know that a
single Democrat will be unseated, but he is
determined to make short work of the hear
ings and save the country whatever money
there is to be saved. Ii is the habit OF
some houses to unseat minority contestees
the last day of the session. thus giving both
men salaries for the full term. Committee
collusion is necessary to such performances.
There will be none OF that sort OF thing
with election committee No. 2 this year
Senator Fairbanks left for Indianapolis
this afternoon. over the Chesapeake q Ohio
road. He will be in attendance at the Re-
publican love feast"
Lieutenant Peary's PIans.
NEW YORK, Dec. ga dispatch to the
World from Washington says; "Lieutenaut