New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-20
ANOTHER MONETARY HEARING.
EX-SECRETARY FAIRCHILD BEFORE The
BANKING AND CURRENCY COMMIT
TEE AGAIN.

yvash,ngton Ian 10 (SpeciaD.-The House Com
mittee on Banking and Currency to-day resolved
by a formal party vote that 1t would not accoi
the privilege OF being heard to any person on the
vrhtec, ~ clrrency and monetary reform, unless
ne appeared 10 advocate bill that was penolng IN
the committee This resolution was not adopted
until after a lively debate in secret session. Inc
minority stoutly and bitterly protested against Il
in the interest Of what they believed TO De TAR
NAV" BY adopting this resolution the committee
has possibly deprived itself OF the pleasure ana
nroat which X might have derived from the
speeches with which General A. J. Warner ana
ex-Congressman Towne. representing the hlme'aii'c
Iearue were prepared and anxious to instruct and
cnlighten It. But the deprivation Is only poSSip'e'
for a member OF the committee somebody else
may offer and have referred 10 the committee
currency bill which Messrs Walker and Io"ne WIZ.
be willing 10 commend and support, and they may
be persuaded TO appear before the committee anu
do so.
The hearings thus far have resulted IN deVeopl''s
strong Indications judging from questions oi d"
more or less argumcntative nature that nave "o'
asked by various members Of the majority ana
from expressions dropped by them In private con"
versation that a new bill will be framed oaseu Oh
the Gage bill and the Monetary Commission p''N
and that this new measure may command 'he S"p
nor, Of a majority of the committee. although 'h~'
does not yet appear TO be by any means ceI'Aii'
Chairman Walker. of course, is welded 10 DIS own
hin which he believes TO be as nearly perfect as
am, uroduct OF finite wisdom and knowledge can
he and vet even he might assent TO favorable re-
mort on a bill which. although imperfect ana I'M
scientific in his estimation he might regard as
s,e- in the right direction Mr.. Fowler regards the
Fowler bill! about as M Walker does thew a4Ker DILL
and vet he might persuade himself TO agree 10 d
favorable report on less perfect ana desliape one
Although several other members OF the committees
have offered bills they do not seem to CONSIDER
that their handiwork is so perfect or compete 'A
N.4T n m
on Inc question Of the gradual retirement anu
cancella-iOn of the greenbacks the comm
to be pretty evenly divided one OF tne ,'rde~stood
-. h. in favor OF IT, and OF the Rcpuplcai
rnerrhors- Mr. Johnson OF lndidna.has Npi',,1-s
the opinion that "a bare majority u ~
Tho absence of Secretary Gage which was que 10 20
slight illness detracted somewhat from tiie 80
oral interest Of to-day's hearing. nut j tase .I-
- V-9lker and his colleagues a peter oIPu.
tunity 10 ascertain eX-Secretary IA Ia he con-
on the Monetary C0mmlsson al nn in its prepara-
,ior Mr. Farchd found considerable Elll. ,tatr
a. eor1r,raA- ud.ng the meaning or some Oh 10
man Walkers ques IONS MA lCa i've character
and he studied them long ana car tI XXvoILer,s
ven.uring TO answer them one OF St, cnrrenrv
c,,ostfo0s in substance was Wnethel $3.50 ,u. ~
si,',,s ~ when In circulation was arected y
- lie and fan Of prices OF United Slttea &
was not a freak currency Mr' ar hut
pneI 'ia. .beT not adopt the chairmans adJectve
IN lescribing 1t. Several members a. III. J ex
Mined however that he had not INTENDED 70 ~ ~
!, IN "personal or offensive sense anu liz" inv
skies cleared again. ,.. -. a ,,o-a 81 6
. : r Iartv lines resolved 10 hear Messrs IC~Iis s
- V.errer on any bin they would prePasIe 60
for which they assume the Conrnts
III I'D iii other authors OF bills now penang De-
fore the committee.