The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1902-01-16
WASHINGTON.
From our Regular Correspondent.
Washington, January IL, I

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From our Regular Correspondent.
Washington, January II, 1902.
"That country is an ideal country
in which the least injury to the mean
est citizen is an injury to ALL" said
Representative Chas. R. Schirm of
Maryland. yesterday, in explanation
OF what is known as his "tablet BILL"
Approaching that every bill which
Speaker Henderson could refer to the
Committee on Naval Affairs and which
was in any way favorable to Admiral
Schley would be permitted to i" die in
committee" Mr.. Schirm has intro.
duced a bill providing for the erec-
tion, in conspicuous places in the
Capitol, of six bronze tablets four by
four feet. These tablets are to com
memorate the naval victories of the
United States over foreign foes and
each is to bear the name of but one
officer and that the name Of the officer
IN command. The last tablet is to
commemorate the battle of Santiago
and bear the inscription " Winfield
Scott Schley, Commander" This
bill the Speaker was obliged to refer
to the Library Committee, from
which Mr.. Schirm hopes to secure its
favorable report.
Mr. William Sulzer, democratic
representative from New York City,
introduced bill in the House yester-
day which he believes will attract wide
attention. BY it the Secretary Of the
Treasury is instructed to deposit the
surplus funds of the Treasury in Nat
ional Banks having capital stock of
100000 and surplus of $500, 900,
on condition that such banks apply
for the deposits and that they pay to
the United States interest at the rate
OF two per cent on such deposits, the
deposit of the United States in no
case to exceed the aggregate OF the
capital and surplus OF the bank and
to constitute first lien on the assets
of the bank.
Speaking on this subject Yesterday
Mr.. Sulzer said "At the present time
a few favored banks, perhaps fourteen
in number, are made the depositaries
of the surplus funds in the Treasury.
This gives to them an unfair and a
prejudlcial advantage in the control
of the money market. By the pro-
visions of my bill all OF the banks will
have an opportunity to profit by the
Treasury surplus, the Government,
will receive interest on its deposits
and in the event of stringent mon ~
market such deposits will afford i'm.
mediate relief. Moreover, there will
be nothing to fear from the possession
by the Government of surplus o.
any magnitude as this measure vii
serve to keep the money in circula
tion, for, wherever there is a demand
for money great enough to raise the
rate of interest TO three per cent o.
more there will the Treasury surplus
flow."
l am creditably advised that tn,
democrats in the Senate are preparing
to force the majority to make a def
mite statement of their policy in re
gard to Cuba. So far the republican,
have attempted to escape any franl
statement of their policy and SO b.
prepared TO retreat from whateve
position they may have determined
upon in the light of any new develop
ments which may take place. The,
have not taken their democratic col
leagues into their confidence and th
latter believe they have right t.
know what the administration ant
therepublican majority are contempla
ting. Senator Lodge, on behalf O
the President, is actively prosecuting
his campaign for reciprocity on tn
broadcast plane but he is being op
posed by the high protectionists.
Senator Platt OF Connecticut, chair
man OF the Committee on Cuba
Relations, is unquallhedIy opposed t.
any concessions to Cuba's needs a
is Representative Payne, chairman G
the Ways and Means Committee c
the House, but General Grovesnol
whose influence in the House is e,
tensive and who prior to the holida
recess was staunch supporter of M
Payne's views, has been told som
very plain truths by his Ohio const
tuents and has returned almost pr,
pared to lend his assistance to Sen;
tor Lodge. The junior Senator fror
Massachusetts has the warm suppo
of Senator Mason of Illinois who sal
yesterday "We would be making