Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-03-27
AUTHOR OF HILL.
BILL HERE.
A Republican Authority on Finance
Visits Salt Lake,
EN- ROUTE TO THE ORIENT.
VIII Visit Philippines, China, Japan,
Russia and Other Countries Dined
nj the Alta club.

Congressman r. J. Hlll OF Connec-
tlcut, accompanied by DR.. w. f. Acton,
of Norwalk, Conn, came In this morn
ing and registered at the Knutsford'
Congressman Hill represents the
Fourth district of his state in the na-
tional Congress, and Is a member of
the banking and currency and the coin
age, weight and measures committees.
lie was the author Of the "flill bill,
which was fayorably reported upon
by the banking and currency commit
tee, but did not come up before Con-
gress at the last session. on account of
the subsidy bill. which took so much
time The measure proposed by Con
gresham Hill dealt with the inter
changeabllity Of gold and silver as
means to give to the secretary Of the
treasury the power to maintain pari-
" between the two metals, as the law
provides that he shall do.
Congressman Hill and Dr. Acton are
en- route to San Francisco and expect
TO sail on the Buford on Monday for
the Philippines. After trip over the
islands TO gather information respect
ing their condition, government, and
ilnacial situation, they will proceed 10
China, thence TO Hongkong and Japan.
They viii then go by way OF Shang-
hal China. TO the Trans-Siberian rail-
way, which they Will take to ST. Pc.
tergurg, Russia, Congressman Hill
says the trip Is one Of pleasure and
that he goes In no official capacity
whatever.
DR. Acton and l made the trip to
Porto Rico directly after the war"
said the Congressman, "and we are try
ing 20 Keep pace with the growth OF the
country In seeing the new possessions.
These trips Will enable me to vote
much more intelligently at the next SEES
sion OF Congress ON some veXing ques-
tons"
This morning the distinguished visit
ors TO Salt Lake were met by Con-
gresham King and by him were shown
the places of interest. The party
lunched at the Alta club and this after
noon are seeing Saitair The Con-
gresham and DR.. Acton leave for San
Francisco tomorrow morning,
When seen by representative Of the
News after their luncheon at the
Alta club, Congressman Hin said, This
Is my first visit to Salt Lake, and you
have most delightful city. I en-
ioyed seeing the historic Tabernacle
and should have liked to hear the or
gan. Ex-Congresman King is very well
thought of indeed on the Republican
side of the House ana though we differ
In politics ! am happy to claim him as
q friend. | stayed over day 10 see
him."
No, the bill known as the Hill bill
would not have affected the price paid
fos silver bullion: II would have simply
enabled the secretary OF the treasury TO
pay gold for silver or vice
versa as desired by the holder Of either,
and In that way TO maintain the parity
OF the two metals. Nothing can affect
the price paid for silver bullion except
the relationship of supply to demand
and no legislation In the world win af-
feet that except In a general way
What viii be the action of the next
Congress ON the financial question:"
IT Is rather a broad subject but |
think that the drift of congressional
opinion is towards the establishment of
what Is known as an asset banking
system | think measure will be
introduced providing for the ultimate
withdrawal Of government bonds as
security for the circulation Of the bank
notes and other, currency; the use Of
the government property, and institu-
lions as security the use Of currency,
gold and silver instead OF paper money,
in denominations less than $40. and pro-
viding for the interchaneability of gold
and silver"
Judge King said today that Congress
man Hill IL one Of the ablest Republi-
cans in Congress and Is not only one OF
the best posted congressman on fnan-
cial questions but is an authority on
them.