The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1895-01-31

To Report tho Much Amended Measui
without Recommendation.

To Report tho Much Amended Measure
without Recommendation.
WASHINGTON, Jan, 3l.-The administra-
tion banking bill will be reported to the
house from the committee on banking and
currency In u much amended form and
with non-committal recommendation
that 1t will be considered This conclusion
was reached after discussion lasting all
DAY yesterday, which developed a lack OF
harmony on the part Of the Democrats of
the committee. The Republicans sup
ported the bill after securing several
amendments; indeed, most of the changes
made originated with the opposition Tho
bill will be reported to the house Friday
with the presidents message, and as the
report will be neither for nor against 1t
every member has the privilege of filing
his views.
After the various amendments had been
disposed of in committee a motion was
made that the Carlisle bill, with the state
bank clause eliminated, be substituted for
1t. This was lost. A motion to report ID
with the recommendation that It do not
pass was also lost, and the final motion
that 1t be reported without any rccom-
mendation was carried.
The amendments which the committee
have recommended to tho administration
bill are as follows:
The bonds which by the original bill
were 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 le-
gal tender notes and treasury notes when
redeemed in gold to be cancelled and re-
issued is amended by adding proviso that
the amount of such United States notes
and treasury notes which may be can
cellod and retired shall not exceed In the
aggregate an amount equal to the addi-
tional circulation taken out by national
banks after the passage of this act
Section 3 of the act is amended by add.
ing the following: And in lieu of all ex-
listing taxes every association shall pay to
the treasury of the United States In the
months of January and July duty of
one-elghth Of 1 per centum each half
year upon the average amount of the notes
issued to 1t by the comptroller of the cur
roncy.n This amendment reduces the tax
upon the circulation of national banks
from per cent. per annum to one-fourth
of per cent, per annum. The fourth sec.
tion of the bill, which provides that ma
tional bank notes of less denomination
than $40 should be retired and cancelled
and an equal amount in denominations of
el0 and upwards should be issued In their
places, and that silver certificates now
outstanding larger than $40 should be re-
tired and the silver certificates of denom-
nations of less than $40 should be Issued
u their stead was stricken out.
Section ,, which requires duties on i'm
ports to be paid in gold coin only was
stricken out, and n section substituted
which provides that from and after July
l. 1895, 10 per cent. of the cash reserve re-
quired 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
Section 6 was amended so az 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 calen-
dar month for the purpose of with drawing
national bank circulation, or prohibits
any national banking association from re-
ceiving any increase OF its circulation dur
fng tho period oil six months from the time
II shall have made any deposit of lawful
money for the purpose of Withdrawing its
circulation, be repealed.
Chairman Springer will request the COM
mlttec on rules to report rule fixing
time for the debate, to begin on Monday
next, aud authorizing the chair at tho
close OF debate to entertain amendments
or motions to substitute other bills, and
allow thirty minutes debate on each
According to this plan the
free silver men and other members with
financial plans will be enabled TO secure .
tote on their propositions.