The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-12-14
A NATIONAL BANK TRUST
Will Be Created by the House
Financial Bill.
REP. SULZERIN OPPOSITION
Declared Himself Unequ vocally for the
Oh c go Plat ORE -Passage OF
the Bill Makes Gltt to
BondholderS.

| Washington, Dec. 13.--The currency
debate in the house lasted from IL
o'clock this morning until 1890 o'clock
tonight, with a recess of three hours
for dinner. The pressure for time to
| speak continues, as most of the men,
bers desire to make con tributions to the
i literature of the occasion. Much of it,
| however, has to be for home consump-
ton. There has been very little cross
firing thus far and no exciting or dra-
matte incidents.
So far as known ~ democrats, eight
| from New York, two from Pennsylva-
MIA and one each from Maryland and
Massa clusetts, will vote for the bill
| The speakers before the recess to-day
were Messrs Fowler of New Jersey,
Lacey Of Iowa, Cushman Of Washing
ton, Hamilton of Michigan and Burton
| of Ohio, republicans, for the bill, and
Messrs. Brundige of Arkansas, Wheeler
| OF Kentucky Benton of Missouri, Fox
| of Mississippi, Pierce of Tennessee, Sui
| ger of New York, Cowherd of Missouri,
Otey of Virginia, Gaines of Texas, DEM
ocrats, and Mr.. Bell of Colorado, popu-
| list, against 1t.
The house adopted resolution for
holiday recess from Wednesday, Dec.
20. to Wednesday, Jan. 8.
| Mr.. Richardson, the minority leader,
asked that the house adjourn over to-
morrow to give the members an oppor-
tunity to participate in the Washington
| memorial exercises but Mr.. Payne of
the majority, leader, objected, saying
George Washington, if alive, he thought
| would be be in favor of the house pro
ceeding with the transaction Of its bust
| ness.
TIE house met to-day at ii o'clock.
| The speaker appointed the following
committee to join with committees Of
the senate and District Of Columbia In
| preparing plans for the centennial cele-
bration of the establishment of the seat
| Of government in Washington: Cannon
of Illinois, Grout of Vermont, Heatwole
of Minnesota, Sherman of New York
HEMINGWAY of Indiana, Gamble of
South Dakota, republicans; Bailey of
Texas Devries of California, Cowherd
| of Missouri. democrats, and Bell Of
| Colorado, populst.
The debate upon the currency bill was
then resumed, Mr. Bell of Colorado be-
ing the first speaker to-day. He OPP
posed the bill, oevoting much of his
| time to an argument against it's bank
| ing features
Brundige, dem, Ark. also opposed the
bill. as did Mr.. Wheeler of Ken
lucky.
member of the banking and currency
committee of the last congress. said he
would vote for the bill because of the
gold declaration in the first IA lines,
notwithstanding what followed.
| Lacy of Iowa, in support of the bill,
said he was astounded to hear the gem
tleman from Missouri tDe Armond) de-
clare that the republican triumph of
1895 was won by the purchase of demo-
cratic votes.
Does the gentleman contend that
Mckinley would have won without the
gold recalcitrant democrats?' asked
Berry of Kentucky.
I'VE won. perhaps, with the aid of
those whom the gentleman denominates
recalcitrant democrats replied Lacy.
but they were not bought nor
scared"
Proceeding, Lacy said the democratic
gains in the present house came from
New England New York and Mary
land, where the Chicago platform had
been trampled under foot.
Benton of Missouri said he stood with
the democratic and populist parties in
, the never ending opposition to extend
ing the powers of national banks.
, Fox of Mississippi argued that the
enactment Of the pending bin would
increase the value of all obligations,
public and private.
.. Pierce of Tennessee said that al
: |
Is to l. he could not see that free
coinage of silver was involved in the
| provisions of the pending measure. 1t
simply proposed to continue the exist
ing conditions. He read from a speech
of Mr.. Mckinley when a candidate In
pose to withdraw the greenbacks from
| circulation and then challenged the
other side to deny that the pending
bill would in effect impound and re-
| - Oh Tn, ttN rf
his remarks he denominated Grover
. Cleveland the arch-enemy of silver and
of the democratic party. He peryert-
ed the principles of his. party" said
Mr. Pierce, land prostituted the men
high in it's councils with promises of
pelf and power" The democrats greet
ed this utterance with applause. Mr..
Burton of Ohio. in support of the bill,
declared that the adoption OF the gold
: standard by the progressive nations OF
> the earth was inevitable.
MI Hamilton of Michigan favored
the bill. He said the people in 1896 had
returned verdict against the legis-
lation of value into a dollar, and IN
favor of dollar that could cross the
ocean without shrinkage when 1t came
: in contact with salt water.
: Mr. Cushman of Washington said
: that the sentiment of his people was
for the gold standard. Since the fnau-
gura ton of Mr.. Mckinley he said, ev-
| cry tHiiiss iiaS tis.ii
humanity and the flag-everythtng eX.
cept the democratic party. That had
been steadily going down hill. Iaush'
: ter and applause).
Mr. Sulzer of New York, In opposing
the bill, declared it was dishonest tc
: change the contracts made by the gov
eminent with the bondholders by sub
shutting gold for coin" He an.
nounced himself unequivocally for the
Chicago platform, the best platform
ever adopted by the democratic party
| Democratic applause). The bill, Mr.
SuZer said, would create nationa
| bank trust.
Mr. Cowherd of Missouri argued thai
the bin would inevitably result in the
sale If millions of bonds to secure gold
After few further remarks agafns,
the bill by Mr.. Otey of Virginia and Mr.
| Gaines of Tennessee, Mr.. Hill of Con
| necticut concluded the days deba t.
| with al ella hnrata argument in favor o.