The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1895-02-02
1T WILL BE REPORTED IN AN
AMENDED FORM.
NO RECOMMENDATION WILL Be MADE.
- the Report VIII lie Neither for MOI
Against n, Every Member Has the
Privilege of Filing Ills own
Niews-Free silver Men TO
Have Chance for
Their Amendments.

WAsHINGToN. ~ 1.-THE admin
istration banking oil will be reported
TO the house from the committee on
banking and currency in a much
amended form, and with a non-com-
INITIAL recommendation that IL 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, ana as the re port viii
be neither for nor against it, every
mem Der has the privilege of filing 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 to 4-Black,
Cobb, Cox and Hall, Democrats, vot-
ing for IT, A motion to report il with
the recommendation that it do not
pass was lost-lO 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 Ilaughen, Republicans.
The amendments which the com
mite have recommended to the ad
ministration bill are as follows:
The bonds. which by the original
IA a l.
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 reissucd, is amended by adding
the following, offered by Mr.. Russell:
Provided, that the amount OF such
United States notes and treasury
notes which may b. cancelled and
retired. shall not exceed in the aggre-
gate an amount equal to the addi-
tioual circulation taken out by ma
tional banks after the passa OF this
act"
Section Of the act is amended by
adding, on motion of Mr.. Haughen,
the following:
And in lieu OF all existing taxes,
every association shall pay to the
treasury OF tht United States, in the
months of January AMI July, a duty
of onc-eighth OF per centum each
6r fug r0tcs ISSUED to 1t by the conn.
troller of the currency"
On motion of MIR Brosius the fourth
section of the bill which provides
that national bank notes of less de.
nomination than $40 should be retired
and clncelei, and an equal amount in
denominations OF SO and upward
should bc issued in their places, and
tnat silver certificates now outstand.
ing should he retired and the silver
certificates OF denominations of less
than $40 should be issued in their
stead, was stricken out
Ga motion Of Mr. Walker section s,
which requires duty on import, TO be
paid IN gold coin only, was stricken
out Mr. Walker also moved an addi-
tioual section to be known as sec
tion ., which was agreed TO as follows:
Sec .. That from and after July 1,
lsJj, ten pr centum Of the cash re-
serve required by law shall be kept
i'm coin OF coin certificates, and not
less than half OF such coin or coin
certificates shall be i'm gold coin or
gold certificates, and such cash re-
serve required by law should lie kept
in coin or coin certificates in amount
increased 10y tn per ceutum of the
whole cash reserve required TO be
kept by them on and after the first
day of each quarter Of the calendar
year until the whole cash reserve
shall be in coin or coin certificates.
ami not less than one-half 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 DE deposited during any
calendar month for the purpose ~
Withdrawing national bank circula-
tion or prohibits any national bank
ing assoc ation from rec c'iving any in
crease OF its circulation during the
period of six months from that time,
il 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 20 report a
rule fixing "a time for the de bate. TO
begin on Monday next and authoriz.
ing the chair at the close Of debate TO
entertain amendments on motions TO
substitute other bills and allow thir-
ty minutes debate on each amend
ment, According 10 this plan. the
free silver men and other members
with financial plans will be enabled
10 secure q vote on their propositions.