The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1900-02-16
FINANCIAL DEBATE.
A Speech in Favor and One in OPP
position to Senate's Measure.
BILLS INTRODUCED IN THE HOUSE.
\ Committee to Look into Measures Re-
lating to Trusts and MonopoIIes-Hear-
ings Oh the Loud Bill Relating tn
Second-CIasa Mail Matter
seoond-CIasa Mail Matt

lating to Trusts and MonopolIes-Hear-
ings on the Loud Bill Relating tn
second-C Glass Mail Matter.
Washington, Feb. 1.-THE financial |
debate in the senate reached it's eli |
max yesterday. Two great speeches,
one in favor of the pending senate
substitute measure and the other in
opposition to il were delivered and
both were listened to by senator's
with close attention. The first was
delivered by Senator Allison, of Iowa,
the ranking member of the finance
committee. He had been an attentive
listener to the speeches delivered on
the other side of the chamber and in
the course of his argument he pre-
scented his answers to the points
raised against the pending senate bill.
Senator Jones, of Nevada, declared
that the bill was vicious and unwar-
ranted, comforting too great power
upon national banks and fastening
the country to a gold currency. He
discussed the question from a histori-
cal and philosophic view point. This
measure he said, sis the climax of
efforts that have been made since
1869 to abolish the use of silver. 1t is
certain that there will be additional
legislation at some subsequent date
to retire the $346,000,0O0 of green
backs. The gold standard advocates
know that il would not do to attempt
to carry through all of their plans at
once. That would be a shock to the
American people. There will be also
/ . H.. Goa, %
the treasury notes. This will afford
the national banks an opportunity TO
| regulate the volume of all money
save only gold and silver coin. Thus
an aggregation of private banking cor
porations will exercise the sovereign
function of issuing money instead of
that function being vested in the gov
eminent" Mr.. Jones spoke with bit
ter sarcasm of the financial depend
ence Of the United States, declaring
| that a cock fight in India or war in
Africa with the Beers disturbed the
finances of sO,OOO,OOO Americans. He
maintained that this country should
have its distinctive money which
would not desert us in time of trial
and in conclusion he advocated the is
sue of % paper currency by the gov
eminent alone Such money, he ar
gued. regulated in amount in accord
ance with the population of the coun-
try, would be the best and steadiest
money ever seen in the world.
To-day the senate will begin the
consideration of the bill and amend
ments under the ten-minute rule.
A joint resolution increasing the
limit of cost of the new government
printing Office $4,000, on account of
increased cost of building material,
was adopted by the house yesterday.
Mr. Ball, of Texas, introduced in
the house a resolution providing for
appointment of special committee
of nine members, not more than five
TO belong to any one political party,
to whom shall be submitted all res
olutions, bills or amendments rela-
ting to trusts or monopolies and the
regulation or suppression thereof,
with instructions to bring in gen
eral bill for that purpose.
Mr.. Levy of New York, introduced
bill to construct an intcroceanic ca
nal connecting the Atlantic and Pa
cific. The bill differs from other
isthmian canal measures in providing
for negotiations between the United
States and other maritime nations
with view to securing international
cooperation and contribution ac-
cording to the tonnage of the several
nations.
Mr.. Gilbert, of Kentucky, introduced
bill for national military park at
Perryville, Ky.
The house committee on merchant
marine and fisheries ordered favora-
bic report on bill to grant an Amer
lean register to the brig Windward
with which Lieut.. Peary intends to
try to reach the North pole As it
was considered desirable that the YES
sci should fly the American flag if
the expedition was successful the
committee deemed it wise to act ia
vorably upon the bill.
The house committee on post offices
continued the hearings on the Loud
bill relating to second-class mail
matter Those who appeared yes
terday represented firms publish
ing reprints and opposed to the bill.
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