The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-04-18
IT WILL STAND
ON ITS RECORD
Serene {. Payne Talks Of the
Republican Party.
WILL Be NO TARIFF CHANGES
NO HOPE OF LEGISLATION IA
vORABLE TO SILVER.
WILL BE No TARIFF CHANGES

|tLrT' ne Republicans viii probably stand
/ pat iD the next national cam
paign." says Serene Elisha Payne
/ chairman of the ways and means COM
/ mlllcc OF The lower house of congress
/ and c1-officio Republican leader.
ar. Payne. who spent a few hours 90
I SAT- Lake yesterday. believes that there
( VIII be- no tariff changes before that
/ time, that the trust question will not
form real issue. that there is no hope
/ of legislation by the Republicans favor
dplc 10 silver. that "a currency act similar
I 20 the Aluuch bill. Increasing national
/ bank circulation. viii be passed. and thar
/ the Republican party viii make its fight
| entirely on It's record during the four
| years preceding the campaign.
Mr. IaNnc.s home is ln Auburn. n y.
I where be practiced law before he was
elected 90 congress. lie has served nine
: terms IN congress. during TWO Of which
/ De- has been chairman OF the ways and
I means committee I'm New York politics
/ DE is classed as a PLAT man.
No Tariff Changes.
"While there has been no conference
or party leaders 90 make 10 party
/ policy. / DO not look for any tariff
changes during the present administra-
/ uon. said Mr.. Payne at the knutsforq
Yesterday afternoon. THE Democrats
I VIII probably try % make tariff reform
an issue Don connection with the trust
question, but do not believe they can
| GO 10 successfully. The trusts will not
be Am issue. The Republican party win
90 into the campaign ON its record on this
and ou protection.
81 do not believe there will be any leg
islatiOn in congress favorable TO silver
that Is, iu the shape of authorizing the
7 further coinage of silver dollars. We
have enough silver dollars now, We neet
I a lttle more subsidiary currency. but
I that's an. / don't believe tEis plan OF
Ha.H ia.
viii amount 20 much. It's "a scheme of a
. lot OF silver-using countries 10 work off
. their deprecated currency.
81 look 90 see some financial bill on
the lines of the Aldrich bill passed al the
next session of congress. To would have
been passed al the last session If there
mad been time This. YOU know. allows
. national banks 90 deposit bonds other
than those of the government as security
Tor currency. The bonds included lu the
AldriCh bin were those of state. county
ana municipal governments that had not
ustdulted for fifteen years and of certain
railroads.
Railroads and Their Bonds.
Wouldn't that give number of rail-
road companies "a chance 90 work of
their bonds on The government when they
couldn't do IN eisewGtre?' was asked.
"N0 ] don't believe IT," was the reply
81 understand there Is scarcely a railroad
in existence that could have it's bonds
deposited under that bill. The require
ment was that the bonds should be So
cured by "a first mortgage covering the
entire system. AN the big railroads have
been reorgauiZed and consolidated SO
much that their first mortgage bonds
cover only a part of the system. This
provision may be eliminated IN the next
Bill"
Mr.. Payne expressed great interest Do
the Smo7t ease. which he understood
would De- heard by the senate committee
next fan
''ls Smoot p poygamistT De asked.
lie was told that although the charge
had been made before the committee, no
evidence had been adduced $50 far. and
he turned his Inquiries toward the gem
cral subject of pOlygamy.
Mr. Payne and his wife have been on a
tour of the south and west. They have
not been farther west than Salt Lake,
and they started eastward again last
evening.