Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-07-01

I'm Congress win probably Indicate,
fairly we'll. what his policy as Speaker
viii be.
THE CURRENCY AND SILVER.
It isa significant fact that the FIRST
important speech made by Mr.. Hem
dpfson IN the Forty -pghthCOngrcsa had
TO do with the currency question. "a
subject with which he has been deal
ing this summer as chairman Of the re-
publican caucus currency committee
and which viii be before the House nt
an early day In the next Congress. In
that speech MIR Henderson advocated "a
change in the national banking laws ut
us 90 authorize national banks 90 issue
circulation up 90 the par value Of the
bonds deposited Co secure such circula-
tlon. The House was Democratic aud
the measure failed. II ~ one OF the proc
visions Of the hill that VIII be- presented
TO the next House as the party cur
rtnCy scheme.
In the course or a speech IN the House
un the 2ist OF juno. 1890. Mr.. Honder-
son said; In my representative capnc-
ity IN this Congress ! have fought and
and win continue 60 nght Tor such lcgis-
latlon ns viii keep the mlnts OF this
country ut work every minute they can
be- utilized. and that viii consume the
entire silver product of the silver mines
OF my country tnpplaua1, nd that ~
what / want No man voting
as we have In thla House wants 10 de-
feat silver legislation. ! am ready uu-
der the rules. TO Tight 90 enlarge the
law Ho aa 20 give n greater currency 90
the country "a currency that Will be
good and acceptable. not "a currency
that viii be found vaiuoloss aud dis
credited"
Feb. 9. 1895. the House had under
consideration the currency bin. which
D a d.
Of the treaHpry to issue bonds 20 main
tain sufficient gold reserve and 90 re-
deem and retire the gold notes. ctc.
Aftor discussing this question iu oppu-
sltion TO the administration plan az
some length. Mr. Henderson said. II
VIII content myself with saying that l
nm not prepared to grant new author
ity for tho issuing OF gold bonds. nor
am ! willing 10 adopt anything that
| provided Tor the retirement ana cancel
! lntion Of the rrocnhacks. The time may
| come when I shall change my mind. but
! / do not believe the conditions are ripe
! Yet FOR such retirement"
when the house had under consider
! alton the resolution passed by the gcn-
ate rcaiilrming the Stanley Matthews
| resolution uf 1873, which declared that
| the bonds ~ the government Weru pas
able In silver ut the option or the gov-
| eminent, and that 10 restore 90 IT, coin
] NHN NNNM fNNNN NNNIlN NN u likNN NfNNN r
| In payment 81 said bonds. principal and
! interest, Or not In violation OF tho pub
! DC faith nor In derogatlon OF the rights
of the public creditor, Mr.. Henderson
said. ON Jan. 20. isgS. "rhe real point
| Of this resolution ~ "a declaration that
means the free coiuugc uf silver. that
and nothing more. ana without any re-
! gard To- the hostile attitude 81 nearly
| an the commercial nations of the earth.
ana with the silver In the standard dol
| lar worth only a cents II means re-
! pudlutipu. II means silver monumctnl-
| Ism. II means q ruined national credit.
/ Ia brief, gold would be- driven out. and
| free coinage Of silver, with silver
monometniism and a J0-ccnt dollar
would follow"
During the first session of the fry
! NTH Congress, whom the effort was
made Go pass through tho House the
resolution recognizing the bglllgeroncy
| OF the Cuban insurgents. Mr. Hcnder.
son supported the administration and
| speaker Reed. Whom thr row was on
| over the rules and the failure OF the
| speaker 10 appoint the committees. MIR.
| Henderson declared IL 60 be- his belief
| there would be- no war. when war ala
| come. hc gave the administration
hearty support AZ no time. however.