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Financial Debate

Financial Debate image
Parent Issue
Day
18
Month
December
Year
1894
Copyright
Public Domain
OCR Text

Washington, Doe. 17.- This weck, tho last bcfore the holiday recess, promiscs to be an exciting one in tho house. Tho banking and curreney committee has arranged to bring forward the Carlisle banking bill and will prefer a requost to the committee on rulos for a special order whioh will set asido the remainder of tho week, beginning tomorrow, for debate on the Carlisle bilí with provisión for a final vote on Friday nest. The banking com. mitteo desires to prolong the sessions so as to begin afc 11 a. m. and continue untill 10:30 at night with a recess from 5 until 8 p. in. The terms of the special ordor will be snbmitted to the committee on rules today, There is considerable opposition among tho Demócrata of the house to the short limit it is proposed to set upon tha debato. Uot Tlii'ougli by a Close Vote. Thcre are several reasons for this, and ono is that many Dcmocrats aro oppoaed to the Carlisle bill all over. Many silvor Democrats havo no uso for it, and many anti-silver men are equally opposed to it. Fceling in the house rogarding the measuro is not badly represented by the vote in the committeo on reporting it. ïhe vote was close- 9 to 8 - Johnson of Ohio and Kllis of Kentucky, Democrats, voting with the Republicana against reporting this plan. The vote was taken after a very spiri tod debate and after a week of hearings glven to bankersand others, a feature, of which was the fact that tho last man to be heard - President St. John, of the Mercantile bank of New York- mnde a strong free silver addiess. Will Be Open to Ameiidiiieiit. Ho wantod to be put down, be said. as oppoaed to everything the other bankt-rs had told the committee. His idea was that free silver would result in silver mono-metalllsm for a time and then the tWO metáis would begin circulatlng togother as the rosult of thcir approach to parity. Brosius, of the eominitteo, wantod to extend tlie timo for hearings, but was voted down. In explaining tho tion of the oommíttee Springer stated that no amendments would novv bo offered to the Carlisle plan, but that it would be open to aniendment by any nieinber on the door oí the house. The rule for debate caused a warm disoussion in the coininittee. Johnson of Indiana and Walker of Massachusette antagonized it on the ground that the bill was beitig "railroatled" through cougress. Johnson moved an extensión of the house debate to ten days. Culberson ainended to seven days. Both motions wcre defeatcd. Tuo 1 111 port ;uit for HüMy Work. The opponentsof the measure and of the proposed rule for debate in the coininittee will be jolned by inany in the house wie feel that a measure involving suoh gigaatic interests - coiiteinplating, as it does. a revolution in the entire banking system of the country - should not be crowded througli in haste. This fceling is shared by sonie of the most prominent Democratie leaders of the house and it seems a large possibility that the banking and currency committce will be overruled and the special order will give this week to debate with provisión for a final vote after the holiday recess. The adjournment for the holiday recess will probably occur on Saturday. The talk of continuing the session without the customary roerss Beems to be based on very slight foundation.

Article

Subjects
Ann Arbor Argus
Old News