The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-01-27
REPrBLICAN MEMBERS PoLLED.
members of House Committee Give
views the Currency.

WASHINGTON. Jan. AT the execu-
I've session Of the Republican members Of
tAsT mousse committee on banking and cur
fFhcy this afternoon TIE members were
poiied and the proceedings in the draft
.ns o. the currency legislation mapped out.
he Republican membes Of The commit
Tee decided - meet on Monday We1nes-
gay and Friday OF eacf succeeding week
until their work is COMPLETED A reso.u-
sion offered by Johnsoa assigning each
oiae present i've minutes 10 declare his at
itade. whether he thouaat there was a ne
sesslty for banking legislation and If so,
hHat essential principh he favored for
Incorporation in the currency measure TO
pe haaiiy framed. was adopted ana the
roll then called
Walker favored a revision Of the system
which would take the. currency business
away from the government and furnish
al once a banking on. assets. He would
not provide any. plan materially differing
from this.
Brosius was opposed to retiring the
gfeenhaeks and to baking on assets in
any degree.
Johnson urged the epld standard. retire
ment OF the greenbaciS elimination of the
currency business fran the treasury and
the issuing of new circulation through ma
uonal banks 10 take It's place. the new cir
tu!aton TO be under NATIONAL control
van Neorhis OF Ohio agreed with Bro
sigs, while McCleary of Minnesota and
Mitchell of New York had views along the
lines of JOhnson's policy
spalding of Michigan opposed a deciarr
ton for the gold standard in so mae
words. and Was not certain that he ws
willing TO have the reenhacks retiredor
to have credit currencs
Hill Of Connecticut favored the moneary
commission bill. and practically aged
with Johnson.
Prince of Illinois opposed the sFcifc
declaration for the gold standard and
thought the retirement of greebacks
should be carefully dealt with. andfavor-
ed banking on assets
Capron of Rhode Island approves of al
lowing banks to extend circulatto 10 the
par value Of their bonds, the corpora
ton of banks with stock and caftal and
diminished tax on circulation This. he
believed, would pave the way fr more
extensive currency legislation the flu
ture.
The house committee on barking and
currency held a brief session oday. but
did not take action toward reporting any
currency bill. Considerable interest at
taches TO the meeting in view Il the recent
extended hearing on the part Il ths none
tary meeting at Indianapolis
Al the outset Johnson secured tle adop-
tloh OF q rcsoiupon Tor Statcntnt from
each member as to his position or the gem
eral question of revision of the currency.
BroSius was called upon He stated that
he was not ready to define his views on
so broad a proposition.
As the inquiry promised TO led to some
differences Johnson withdrew he motion
with a view 10 having the Republican
members canvass the subject among them
selves later.
In behalf of the minority Cx of Tonnes
see moved that the official proceedings
embrace the application for a hearing Of
President Warner. Of III. Bi-Metallic
Union. and Chairman Towre. Of the Sill
Yer Republican committee md the refusal
OF the committee to hear nem. The mo-
tion was defeated by parry vote. with the
exception of Chairman Wdker. who voted
with the minority.
The committee then adjourned until next
Wednesday.