Show GOLD STANDARD that is the object of gages bill h fr be he would commit tho the country thoroughly to and place the currency entirely in the hands of the banks washington dee 16 secretary gage appeared today before the committee on oti banking and currency ot of the house of representatives to present a bill embed ing his views for or revision of the currency to explain and urge its provisions and to meet any objections raised by the committee the secretary ec retry wit war accompanied by judge oconnell eolith tor for of the treasury copies of 0 the beare bill were handed banded to of the committee and were scanned with creat great interest after being introduced to the various gentlemen of the committee mr gage began ills his statement speaking in an easy conversational al manner and following notes I 1 he said the object I 1 have in mind in the series of provisions offered by mu mo are four in number first to commit the country thoroughly to the eold gold standard itan dard remove so far as possible doubts and fearel on that point and thus strengthen eire nethen th tb credit of the united slates states at home nod abroad Se second coad to strengthen the treasury iu in belati n to its demand liabilities iii it which are included greenbacks green backs treas treasury itry note the incidental obligation to maintain at fit a parity through interchangeability wit gold to far as may be focee eary the present large volume of dilver live certificates and dilver dollar a third to do this in such a way as not to contract the volume of circulation in the hands of the people I fourth to take an initial step toward a bye ys tem of bank note without th the conditional deposit of publio public bonds as security if we prosper as a people the revenue of the government ought to be somewhat in advance of its expenditures and the public debt of the U united cited slates states gradually reduced and finally extinguished gui guiF shed hed looking at the question widely from my best beet point of and experience I 1 feel that if it these could be secured the tio condition of the govera mant I 1 in its relation t to the currency would be much safer a and nd stronger th tha al cow row ind and that through the operation of national banino ank note te currency the commercial and industrial indus interests Inte of the united states would bo b greatly advantaged IF aar after this initial statement it afi deemed advisable to read the bill in detail and nod diegues its relief by the en trency bill framed by be the secre of the treasury wa we s introduced in try tary the he howe 11 today by chalat an walker of ahr b banking and currency cornall teft immediately alter after the opening ope nine the hill al a submitted tied ia is identical with the submitted to the committee save ave bill for a an few changes chance of na thecial tp ecial a cance which would be sut suggested tasted by mr walker 10 |