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Representative Johnson Says the
House Will Pass a. Bill.
ITS PROPOSED FEATURES
To Meet the IViews of the Allniinistratimx
and Republicans Generailyui-jecrctur3:
“age the Spokesman--Tcllcr Ites'ol ufion
.‘tcportcd to Committee on Finance.
‘xashington, Jan. 19 '—.l\.€ presentathe
Johnson, of Indiana, a member of ti“:
Banking and Currency Committee. says
that. the Republican members of the
committee will before long get to-
g‘cther on a financial bill which could
be put through the House. A meas-
ure is contemplated which will meet
with the approval of the administration
and of a majority of the Republicans
in Congress, and a bill which has the
approval of a majority of the Republi-
cans will be expected to get the sup-
port of all. In considering the attitude
of the administration the Secretary of
the Treasury is regarded-as the repre-
to represent the President, and it is
““w .- ..._.._._.. -_.__-..
has appeared before the committee!
with any antagonistic views, claiming
to 1epresent the Preseident, and it is
assumed that the Secretary speaks for
the administration.
The measure which Mr. Johnson says
the committee will aglee on is such as
to indicate that the committee has no .
doubt of the- desire of the Administra- 3
tion to maintain the present gold ;
standard, notwithstanding the impres-
sion Mr. Wolcott appears to have that
Mr;
McKinley is being misrepresented ;
by Mr. Gage. Mr. Johnson says that -
the measure finally agreed upon will .
comprise:
First—A reaffirmation of the present '
gold standard.
SecondwThe retirement of
inand obligations of the (bvernment.
Third—The divorcing of the Treasury
from the funetions of a bank of issue.
Fourth—The substitution for retired
demand obligations, to avoid a con—
traction of the currency, of a circulat-
ing medium of bank notes.
The members have no doubt' that
such a measure would meet with the
approval of the President. I
Secretary Gage’s Hearing.
Washington, Jan. 19.—Secretary Gage,
in his capacity as a financial expert,
proceeded yesterday with the currency
hea ling before the House Committee
on Banking and Currency. Ex- Secre-
tary Fairchild and Solicitor of the
Treasury O’Connell also were present.
The early hours of the hearing were
given to a discussion of the sufficiency
of the bank guaranty on unsecured
circulation, as provided by the various
bills now before the committee. Chair-
man Walker, in a series of questions,
sought to show that the guaranty re-
quired by the Gage bill and the Mone-
tary Commission bill was too great,
thus imposing an onerous burden on
the banks, far beyond the losses which
experience had shown would occur.
Mr. Gage said that the safety fund in
his bill was placed at a point which
he regarded as safe. and if found too
the de- ‘
. ' WIEEKL-Y
Mr. Fairchild said it Was felt that in
a step of this character, it would be
better to make the guaranty too great
' rather than tom little.
Mr. Gage stated in this connection
l
‘ that he saw objections to the plan of
imposing a mutual responsibility on all
banks, as proposed in the Monetary
Commission bill. It would be an un-
fortunate requirement, he felt, as it
would operate to keep desirable ban-ks
from entering the system by imposing
011 them a responsibility for outside
banks. The banker as a rule did not
want to be responsible for losses other
than his own. Whether the guaranty
was to be by a 2 per cent. tax 011 banks,
as he provided, or by a mutual guar-
anty from all banks, as the Commis-
sion provided, or some other adequate
plan. Mr. Gage said he was willing to
concede this detail, so long as there
was some safe securety for the re-
demption of the bank notes.
Teller Resolution Reported.
Vvashington, Dec. 19.—The Senate
Committee on Finance voted yesterday
to report the Teller resolution declar-
ing for the payment of national bonds
in silver as well as gold. The vote
stood 8 to 5. The resolution is prac-
tically the same ’as the Stanley
Matthews resolution adopted
years ago. Those voting for the re so-
lution were Messrs. Vest, Johns (:1 JR),
White, Walthall, Turpie, Daniel, Demo-
crats; Jones (Nevada, silver Republi-
can), and Wolcott (Rep.)
Those opposed were Morrill, Allison, ,
i which might give rise to controversy.
Aldrich, Platt (Conn.) and Burrows.
Senator Jones, of Nevada, vas not
pre‘EFent, but his vote was by his request
recorded in favor of the resolution.
Mr. Platt (Conn.) and Mr. Ivl'orrill
(Vermont) desired it understood that
the report was not unanimous.
The vote 111 the committee was pre-
ceded by a discussion which was gen-
e1a113 paiticipated in. The Be publi—
cans contended that the resolution v as
useless, and would be devoid of results.
They especially deprecated the agita—
tion of the financial question at the
present time, saying there was no ef-
fort, and likely to be none, to pass a
general financial measure through the
Senate committing the country more
definitely to the gold standard.
To this the Democrats replied by cit-
ing the efforts of Secertary Gage and
ex—Senator Edmunds to have Congress
take up the question with a View to
placing the country definitely upon a
gold basis. They contended that it
was the evident purpose of the Ad-
ministration to secure legislation in the
interest of the single standard when-
ever opportunity offered, and avowed
their purpose of securing a declaration
in favor of a double standard such as
was proposed in the resolution, if pos-
sible to do so, in order to show that
there had been no change in sentiment.
If, they . said, the business interests
were to be injured by the agitation of
the financial question at this time, the
blame should be placed upon the Re-
publican Administration, and not upon
I the Democrats.
When the Republican Senators were
reminded that they had voted for the
resolution when presented by Stanley
Matthews, twenty years ago, they ad-
mitted such to be a fact, but said that
conditions had changed. Senator Wol—,
cott heartily supported the resolution,
saying he would vote for it every time
some l
1101;0011 0N 8111111
lio Commission Work.
INDIA’S AWFUL CONDITION
Closing of the 1\Iints There, He Says, Cre-
ated Wide Dissatisfaction--The Fam-
ine “fag of Money Rather Than Food--
To Retire from Commission.
Washington, Jan. 18.—In the Senate
yesterday Senator Wolcott, of Colo—
rado, chairman of the Bimetallic Com-
mission, made a speech upon the work
of the commission. He was accorded
the closest attention by his auditors,
among whom were many members of
the House. I
Mr. IW’olcott introduced his subject by
saying that he was glad to make a
statement respecting certain phases of
the work of the recent Bimetallic Com-
~ mission, but that in doing so he spoke
unofficially “not committing his asso-
ciates in the slightest degree either to
his opinions or deductions.” “Later in
the session,” he said, “we are certain
to have ample discussion o’the sub-
ject of silver, and, it will probably be
acrid and bitter enough.” In his re-
marks, he continued, he meant to
avoid, as far as possible, anything
Mr. Wolcott gave an account of the
appointment of the commission, saying
that all thiee of its members were bi-
metallists.
The Commission had, he said, in its
six months’ _ stay abioad visited only
London and Paris, and he added that
whatever measure of success or failure
had been meted out to the Commission,
‘it had been hampered by no lack of
authority or sanction or administrative
support.” Summing up the favorable
conditions under which the Commis-
sion operated, Mr. Wolcott said:
“We have had a law. broad and full
in its power; we have been free to act
under its provisions; our views have
been identical and earnestly favoring
an international agreement, and we
have had the hearty support of our
Ambassador at the Court of St. James.
Further than this, from the day of 0111
first entrance upon the fulfillment of
our duties until now the President has
extended to the mission his unswerving
support in all its efforts to bring about
an international agreement. There has
been no moment that we have not
known that back of our efforts was the
earnest resi1e of the Chief Executive to
cm ry out its integrity, the provisions of
the,platform of the Republican party,
pledging it to every effort to bring
about an intei national bimetallic agree-
ment. ”
The failures of former international
conferences, he said, made it evident
that unless some prior understanding
was arrived at with some of the com-
mercial nations another failure would
be the result of any international con-
ference at this time, and as France,
Germany and Great Britain had within
a year made declarations favorable to
silver it was decided to bring the sub-
ject to the attention of these various
countries and naturally the first turzv’.
Addresses the Senate on Bimetal-v
N o 11 w A. 1.1:
.
-
f
bimetallism was regarded as
international question, and
s.rictly an
it was
agreed that France and the United‘ '
States should unite in presenting the
question to Great Britain. He con:
tended for the importance of the pre-
liminary understanding with France
because of the large pe'rcapita circular--
tion of that country. Had England
even adhered to her assurances of the
17th of March. 1896,” he said, “countries
representing more than 5one-half of the
total of Europe and the United States
would have agreed, prior to a confer-
ence, that upon terms to be settled at
such conference they would reOpen
their mints to the unlimited coinage
of both gold and silver.”
Mr. Wolcott then detailed at some
length the joint negotiations on the
part of the American Commissioners
and the French Ambassador in Eng-
land.
“To us.” Mr. Wolcott continued, “the
India situation is inexplica'ble. Mill-
ions of people,_most of them extremely
poor, have for years invested all their
savings in silver. These accumulations
a few years ago were worth a thousand
millions of dollars and more. To-day
they are worgh less than half that sum.
By the closing of the India mints and
the artificial gold value given to sil-
ver, India is at a great disadvantage
with the neighboring countries, the ex‘
ports of which are stimulated by the
higher premium on gold, and they are
robbing India of much of her manufac-
turing and export trade. IThe present
policy inflicts upon India, as well, the
evils of an insufficient and steadily
lessening currency, evils which the
vicissitudes of that dependency dui‘ing
the past twelve months have served to
emphasize.
“The world has heard much of the
famine in India and of the great funds
subscribed for its victims. It has not
been. however, generally known that
the famine was one of money, rather
than food; that the contributions were
chiefly forwarded to India in the form
of money and not grain and that dur-
ing the whole period of the famine,
rice was abundant where men were
starving, and its price was but a trifle
over a cent a pound, less than the price
of wheat in England. 'For all these
evils we offered what we believed to
be a remedy. Our offer was refused
and the refusal must be considered as
final until the failure of the experiment
upon which the Indian Government has
entered shall be demonstrator.“ I
Mr. Wolcott summarized tlm> present
situation by saying that it is apparent
that for the time being it is useless to
count on any co— opeiation from (11 eat
I-lrilain toward a bimetallic 1,011. 01.11211.
and that while France actively desires
to we silver restored to its old posi-
tion as a standard of value equally
with gold, she insists that the problem
is one which demands international ac-
tion, and the co-operation to some ex-
tent of other leading commercial na-
lions of the world.
“Questions of possible future
ations between France. the United
States and other countlics, and the
question of change of ratio, are for the
111011111111 held in abeyance. While we
hope for continued joint action. France
owes no further duty to us."
Mr. ‘A'olcott then announced his in-
tention to retire from the Commission
nego ti-
GAZErrr. '"g
but above all because of f1en11er flie-
line’ 5 belief in bimetallism.
In France, he said, the question of
.been elected Senator from Ohio, made
"his first appearance on the floor since
HANNA SWORNI liNI.
Large‘Cl-owd “fitness” the Ceremony in
the Senate
- ‘Washington, Jan. 18. '—-In- anticipation
of an interesting session of the Senate
yesteidaIy,‘ all of the legalities were
well filled some time before the Senate
conVened. Mr. Hanna, who had just
his election. He was cordially greeted
by his colleagues on both sides of the
chamber. His coming to Washington
was unexpected, as it had been an-
nounced that he would remain in Cleve-
land for several days to rest.
Chaplain Milburn, in this invocation,
made touching references to the death
of Major Benjamin Butterworth. Corn-
missioner of Patents, and to that of
Logan Carlisle, son of the late Secre-
ta1y of the Treasury.
Mr. Foraker announced that the Leg~
islature of Ohio had chosen Marcus
Alonzo Hanna to be Senator from Ohio
for the remainder of Mr. Sherman’s
term of six years, ending March 4, 1899.
He presented Mr. Hanna’s credentials
and they were read. As there was no
objection to the administration of the
oath of office, Mr. Foraker escorted
Mr. Hanna to the Vice-President’s
desk.
As the two Senators passed down the
main aisle of the Senate, there was a
murmur in the galleries, a craning of
necks to get a good View of the two
distinguished Ohioans. Mr. Hanna ap-
peared to be in first-rate health. The
oath of office was administered by the
Vice-President and Mr. Hanna‘s re-
sponse was distinctly audible to all.
Many Senators hastened to extend’their
congratulations to Mr. Hanna after the
administration of the oath.
Among the memorials presented were
the remonstrances of 512 Roman Cath-
olic societies of the United States, rep-
resenting more than £10, 000 members, of-
feied by Mr. Murphy (N. Y. ), against
the enactment of the pending 1111m10'1a-
tion bills.
lMM IGRIATION BILL PASSED.
Newcomers Hereafter llIust Be Able to
Read or Write.
Washington, Jan. 18.—The Senate
passed the Immigration bill yesterday
afternoon—yeas, 45; nays, 28, Senators
Kyle and Tillman voting with the Re-
publicans in the affirmative and Sena-
tors Allen and Stewart in the negative.
The bill was called after Senator VVol—
cott’s speech. Mr. Hoar spoke in favor
of the bill. Because it was in reality
a suffrage bill, be said, he would con-
sent to give it his support until some
other and better remedy for the evil
of impure ballot should be found.
Mr. Spooner (Rep.,'Wis.), while dis-
claiming all tendency toward Know-
nothingism, favored the bill in its gen-
eral features, but regarded it as too
harsh in its educational pgovisions.
Mr. Lodge, of Massachusetts, made a
closing argument in the bill’s favor.
The debate closed at 3 o’clock.
The bill, as passed, provides that all
immigrants, physically capable. and
more than 16 years old, shall be able to
read or write the English language or
some. other language; but a person not
able to read or write, who is more than
50 years old, and is the parent or grand-
parent of aaualified immigrant more
than 21 years‘ old and capable of‘sup-
001 tin" snob a parent or grandparent,
may accompany the immigrant, or the
parent or grandparent may be sent. for
and come to join the family of the
child or grandchild more than 21 years
old, qualified under the law; and a
wife or minor child not able to write
may accompany or. be‘ sent for and
come to join the husband or parent
who is qualified.
HAD AGREED TO DIE TOGETHER.
Husband Killed His “'ife and Two Chil-
dren Then Shot Himself.
New York, Jan. 18.—A terrible trag—
edy, the ruthless murder of a woman
and her two children and the suicide
'of the perpetrator of the deed, the bus-
band and father, was brought to: light
yesterday morning in a pecular and
accidental manner. John Matthews,
thirty- five vears of age, literally hacked
his wife and two children to de' 1th with
a hatchet while they slept, and after-
ward committed suicide by shooting
himself in the head. The tragedy was
committed at 426 Columbus avenue,
Manhattan, in a little bedroom in the
rear of a small grocery store kept by
Matthews.
The tragedy is supposed to have been
enacted some time Saturday night.
Yesterday morning about 9 o'clock a
milkman, calling at the store to supply
Matthews with milk, found the door
locked securely and smelled gas at the
door. He told a policeman, who broke
in the door. In the bedroom on the
floor lay a man with a bullet hole just
above his mouth. In his hand was
grasped a revolver. On the bed was
a woman with her head almost hacked
to pieces and on the othe1 side of the
room w 31 two childien lying 011 a bed.
with theii heads horribly out. On the
counterpane was a hatchet.
Two letters found seem to show that
there was an agreement between Mat-
thews and his wife to commit suicide.
All the details as to burial and dispo—
sition of effects were carefully ar~
ranged, and the many relatives and
friends of the parties were addressed.
Mrs. Matthews was a pretty and indus-
trious woman. and. was very much
liked by her neighbm s, and the chil—
dren w e1e said to be your handsome.
Big Glove Concein Fails.
£17} York, Jan. 18. —-Maurice W ert—
heimer, Herman Steinberger and J a
Steinberger, who cairy on busim. ss un—
der the name of Vl’ertheimer & Co., at
610-614 Broadway, this city, and the
Wertheimer Glove Manufacturing
Company, at Johnstown, N. Y. n1anu~
lecturers and importers of- kid gloves,
have assigned to Bruno Brm' 11013., 1' 1th-
out preferences. Horwitz &11.- -1 shfield,
attorneys for assignee, estimate: the lia-
bilities at $800,000 and the assets at
about the same amount. The failure
is attributed to dull trade, unsca on~
able weather and inability to obtain
further bank accmnmodations. The
firm has been in business about twenty
years.
Bisxnnrck's Health Improving.
Berlin, Jan. IT.——Prince Bismarck is
steadily imp1oving in health. He is
again < ood humored and has expressed
his appioval of the seizure of Kiao
Chou 3:13- in a letter to the grand
dukes of ‘Veimar and Mecklenhurcr
high it could be reduced. it came 119- was made to France for many reasons,
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By SIR jOHN STEVENSON.
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Norwalk Chronicler