The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-01-31
CHANCE FOR SILVER
No Recommendations Will be
Made by the Committee,
Which Has in Charge theAdmin-
istratiOn's Currency Bill.
ALL CAN BE HEARD.
L IT..
ALL CAN BE HEARD.
Every Member Can File His
Own Views on It.

WASHINGTON, Jan. 31.-The admin
fstration banking bill will be reported
to the house from the committee on
banking and currency in much
amended form, and with a non-com-
INITIAL recommendation that it be
considered. The Republicans sup
ported the bill after securing several
amendments; indeed, most of the
changes made originated with the
opposition. The bill will be reported
to the house Friday with the presi-
dents message, and as the re port will
be neither for nor against it, every
member has the privilege of fling his
own views.
After the various amendments had
been disposed of, a motion was made
that the Carlisle bill, with the state
bank clause eliminated, be substituted
for it. This was lost-9 to 4-B1ack,
Cobb, Cox and Hall, Democrats, vot-
ing for it. A motion to report it with
the recommendation that it do not
pass was lost-1O to Cobb, Black
and Hall supporting it; and the final
motion that it be reported without
any recommendation was carried-1O
to Cobb, Black and Hall in the OPP
position. The members who voted
for the last motion were: Springer,
Sperry, Cox, Cobb. Warner, Demo-
Gratis; Walker. Brosius, Henderson,
Russell and Haughen, Republicans.
The amendments which the COM
mittee have recommended to the adj
ministration bill are as follows:
The bonds, which by the original
bill are made payable fifty years
after date, are made payable at the
pleasure of the United States after
ten years from the date of their issue,
and are due fifty years after date.
The section which requires the legal
tender notes and treasury notes when
redeemed in gold to be cancelled and
not reissued, is amended by adding
the following, offered by Mr.. Russell:
provided, that the amount of such
United States notes and treasury
notes, which may be cancelled and
retired, shall not exceed in the aggrA-
gate an amount equal to the addi-
tional circulation taken out by ma
tional banks after the passage of this
act.'
Section of the act is amended by
adding, on motion of Mr.. Haughen,
the following:
i ''And in lieu of all existing taxes,
every association shall pay to the
months of January and July, a duty
of one-eighth of l per centum each
half year upon the average amount
of the notes issued to it by the comp
tro1ler of the currency"
On motion of Mr.. Brosius the fourth
section of the bill, which provides
that national bank notes of less de-
nomination than $40 should be retired
and cancelled, and an equal amount in
denominations of $40 and upward
should be issued in their places, and
ell Oarfifi0afaC c "A nd
ing should be retired and the silver
certificates of denomination of less
than $40 should be issued in their
stead, was stricken out.
On motion of Mr.. Walker section 5,
which requires duty on imports to be
paid in gold coin only, was stricken
out. Mr.. Walker also moved an addi-
tional section, to be known as sec
ton S, wi ich was agreed to as follows:
Sec. 5. That from and after July 1,
1895, ten per centum of the cash re-
serve required by law shall be kept
in coin or coin certificates, and not
less than half of such coin or coin
certificates shall be in gold coin or
gold certificates, and such cash re-
serve required by law should be kept
in coin or coin certificates in amount
increased by ten per centum of the
whole cash reserve required to be
kCPb ny t41OAA O0 dA0 dA 0O1 O11O LII 81
| day of each quarter of the calendar
| year until the whole cash reserve
| shall be in coin or coin certificates,
and not less than one-ha1f of such
cash reserve shall at all times be in
| gold coin or gold certificates
On motion of Mr.. Warner section 6
was amended so as to provide that so
much of all laws and parts of laws as
| limit the amount of lawful money
| which may be deposited during any
calendar month for the purpose of
| withdrawing national bank circula-
ton or prohibits any national bank
| ing association from receiving any in
crease of it's circulation during the
| period of six months from that time,
| It shall have made any deposit OF
| lawful money for the purpose Of with
| drawing its circulation, be repealed.
| Chairman Springer will will request
| the committee on rules to report q
| rule fixing a time for the debate, to
begin on Monday next, and authoriz-
ing the chair at the close of debate to
entertain amendments on motions &c
substitute other bills. and allow thir-
ty minutes debate on each amend
ment. According to this plan. the
| free silver men and other me Der.
with financial plans will be enabled
to secure vote on their propositions.
FUNDING PACIFIC DEBT
/