The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1893-10-16
THE WEEK IN CONGRESS-
A Compromise Expected in the
Senate's Silver Fight,
THE AMENDED RESTRICTION LAW.

MIR. McCreary Says There l. No DOUBT
of the Passage of the Bill-The Law to
Regulate Bank Loans to Their Own
Employees.
WASHINGTON, oct. -Notwithstand-
ing the interesting and important charac-
ter Of the debate progressing i'm the house
upon the question Of Chinese immigration
and registration, the silver situation in the
senate easily holds first place in public at
teution. The common expectation is that
some compromise will be brought forward
on the Democratic side, and be pressed to
a vote at the earliest possible moment.
just when this moment will arrive doubt
less depends largely upon thenature of the
forthcoming compromise, for If 10 is not
acceptable to the silver Republicans and
Populists they can, and probably will, put
many obstacles in the way of its enact
ment into a law. The probable course of
events meanwhile is a continuance of the
debate for a few days at least.
A vote will be reached by unanimous
consent of the house at o'clock this after
noon upon Mr. McCreary's bill TO amend
and modify the Geary Chinese restriction
and registration act. Several amendments
| will be offered to the bill as reported from
! the committee ON foreign affairs, which
may be agreed TO by the house, but they
| will not materially alter the measure The
| principal one of these is that by Mr.. Geary
| defining the term "Chinese merchant"
Another amendment ne proposes, requir-
| ing that photographs be attached to the
| certificates issued to the Chinese is said
| to be provided for in the law as at present
on the statute books. Mr.. McCreary says
there is no doubt of the passage of the bill.
| Immediately after the vote on the Chi
nese bill has been announced Mr.. Cox, Of
| Tennessee, will call mp his bill for the bet
ter regulation of national banks, which
! has been favOrably reported from the com
mittee on banking and currency. lie will
| probably not ask consideration of the
measure until tomorrow, but will get it in
position for that day The bill provides
that no national bank shall make any
! loan to its president, its vice presi dent its
| cashier, or any of its clerks, tel lers, hook
! keepers agents servants or other persons
| in its employ until the proposition to make
| such a loan, stating the amount, terms
| and security offered therefor, shall have
| been submitted in writing by the person
| desiring the same TO a meeting of the board
of directors, or Of the executive committee
of such board, if any, and accepted and APP
! proved by majority of those present con
stituting a quorum.
"At such meeting the person making
such application shall not be present. The
said acceptance and approval shall be
made by resolution, which resolution
shall be voted upon by all present at such
meeting answering to their names as
called, and a record of such vote shall be
kept and state separately the names of all
the persons voting in favor of such resolu-
ton and of all persons voting against the
same and how each of such persons voted.
No bank shall permit its president, its
vice president, its cashier, or any of it's di-
rectiors or any Of its clerks, tellers, book
keepers agents, ser-vents or other persons
in its employ to become liable to it by
reason of overdrawn accounts" IL is also
provided that schedule of all such loans
shall be reported to the comptroller of
the currency
Representative Hepburn, of Iowa, who
was solicitor of the treasury under the
Harrison administration, commends the
measure.
After the bank bill is out Of the way the
bill to establish a uniform system of bank
ruptcy throughout the United States will
be taken up, and its consideration will
doubtless eXhause all the remainder of the
| week