The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-02-09
FINANCE BILL DOOMED.
No Hope for Currency Legislation
4. This Session.
DEFEATED ON THE THIRD READING


Tho Reed Substitute Lost by Vote Of
100 to 1877, While the Original Measure
Received Only i34 Votes, with 16i Against
WASHINGTON, Feb S.-The last hope OF
financial legislation for the relief of the
TREASURY Mt the present session of congress
went by tho boards when the house yes
terday afternoon, by vote of 13l to 16l,
rejected the administration bill to author
ize an issue OF S5O0D0J,0D gold bonds.
The bill was beaten before 1t reached its
last parliamentary stage. This result was
reached after three Gays of spirited aud at
times heated debate, and at the end OF
seven hour session. From IL until 3:3o
yesterday, when the bill with the p0nding
substitutes were reported to the house
from the committee of the whole, amend
ments were offered in rapid succession,
most Of which were voted down as fast as
they were offered.
Many of the amendments were designed
10 load down the bill, and the votes thereon
were In no sense test votes. The Bell
amendment, for Instance, to make the
bonds payable in gold and silver, was de-
feated by the decisive vote of 10 to 108,
while the bill was defeated by 1874 to l6l.
Both the Rood and Cox substitutes, with
she amendments thereto, were rejected
after tho bill was reported to the house.
The Reed substitute authorizing the issue
of coin bonds for the replenishment OF the
gold reserve and certificates of indebted
ness to defray any deficiencies in the reve-
nues was lost by 100 to 1877. 1t was a party
vote, save for the fact that seven Demo-
Gratis and Cannon, Of California, voted
for 1t.
When tlioquestion came up on the third
reading and engrossmont of tho bill the
whole opposition concentrated. While the
vote was being taken which resulted In
the refusal of the house to order the third
reading, the interest centered in the vote
Of Mr.. Reed. He sat quietly in his seat
during the first call, and did not answer
20 his name, but on the second call ht
voted for the bill.
As soon as tho result was announced
Mr.. Reed attempted to make an oxplana
sion of the attitude of himself and those o
his colleagues who had voted for the bill
but objection was made. He aftcrwart
explained, however, that he had submit
ted proposition (his own substitute
which he considered would meet the stu
alton. The Democrats had rejected thi
and then he and many OF his colleagues
although opposed to features of tho orig
inal bill, had voted for it in the hope tha
Il would pass and be amended in the sen
alto.
Mr.. Springer then moved to reconside
the vote by which the third reading wa
refused. but this motion was laid on TIL
table by l85 to l23, and the bill was killed
An analysis Of tho vote shows that "A Re
publicans and 90 Democrats voted for tn
bill and that So Republicans, 97 Democrat
and 8 Populists voted against 1t.
Chairman Springer, of the banking an
currency committee was not prepared {
say this morning whether any further At
ton would be taken, or what would no'
be done. He was very much disappointe
ht the result, and blamed the Republican,
saying if they had stood by the bill
would have passed. If anything was
he done new bill would have to b
brought In, as the bill voted upon yestel
day is beyond recall, All other Democrat
who wero for tho bill said that this wa
rho end Of anything in tho way Of finar
rtal legislation. There was some talk of
Democratic caucus, but that did not seer
probable The general impression pr,
vailed that there would now be anothC
bond issue without delay.
The laying OF a cable to Hawaii WI
further discussed in the senate yesterdn.
but no conclusion was reached, and u
item remains as stumbling block to IL
3 diplomatic and consular appropriation bill
The cable project has been well nigh 10
sight Of In the wide range of Hawaiian d
bate. 1t Is expected, however, that Il
cable item will be voted ON tomorrow, an
from the tendencies shown by the speech
the belief prevails that tho item will
: adopted. All Of the Republican speech
have boon favorable to the cable, and 1t
expected that the entire Republican vo
will be given to the appropriation Of $50
go to begin the work. Several Democrat
including Messrs. White, Morgan al
Blackburn and other Democratic mon
bcrs Of the committee on foreign relation
are favorable to the cable plan. althoul
most Of tho Democratic senators oppose
as indirectly antaGonlstic to the adinini
sratiOn policy toward Hawaii.