The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-02-08

An amendment offered by Wheeler,
Democrat, OF Alabama, to repeal the
state bank tax was lost without division.
LivinSston, Democrat, of Georgia.
offered the Wheeler amendment without
the provision that the repeal ahould go
into effect July l, 1896 He stated that
the president favored the repeal OF the
state bank tax and on behalf of the ITO
southern Democrats he appealed to the
supporters of this bill to give them this
crumb.
Daniel, Republican, of New York. re-
ported the resolution adopted by the
board of trade, Bankers association and
other commercial bodies of Buffalo in
favor OF the pending bill.
Are these the Same associations, -
asked Mr.. Terry, Democrat. of Arkau-
say, (which adopted resolutions in 1898
to the effect thet the repeal of the Sher~
man silver law would be followed by
prosperity 2"
Perhaps they sre," replied Mr..
Daniel.
Boatner, Democrat. of Louiaisns, sup
ported Livingslon'a amendment. 1t was
lost, 81 to SO.
Grosvenor, Republican Of Ohio, as-
serted that the administration's only
hope OF relief for the treasury lay in get
ting Republican votes, end he appealed
to the other side 20 withhold political
schemes and try the experiment OF pa
triotiam.
Eaughen, Republican OF Wisconsin,
offered an amendments to strike ont the
provision excluding from the operation
of section 3.
Hendricks, Democrat OF New York,
supported the amendment.
HRughen's amendments was agreed to
without division.
KEN, Populist of Colorado, offered an
amendment authorizing the bonds
issued by this bill TO be sold Tor gold or
silver without discrimination and to be
payable in gold or silver. II wGs logt-
"a to l06
Bryan, Democrat of Nebraska, called
attention 30 the fact that although tn 9
Republicans protested to be in favor OF
coin bonds not 10 of them had voted fer
the Bell amendment. and that MF. Reed,
who himself introduced a substitute
authorizing the issue OF coin bonds, had
voted against it.
"Is not the proposition of the Repub-
lican leader providing for coin bonds ?"
interrupted Bowers, Republican OF Gals
cratic leRder?'
ut is not" replien Bryan. "Clsve-
lands proposition ia over and above
board, while that of Mr.. Reed ia masked.
He has just voted against an smend-
ment incorporating the ideas of his sub
stitute. Democratic applause."
MIR. Hutchison, Democrat OF Texas,
offered an amendment similar to that OF
Bell, making the bonds payable in gold
and silver, for which Mr.. Bland offered
q substitute for the coinage of silver
bullion in the treasury and the res
demption of the treasury notes of 1890
in coin, as provided in section of that
act. Both amendments were loat.
| Walker, Republican OF Massachusetts,
| offered an Amendments to confer upon
the secretary of the treasury discretion
as to the interest to be paid on the
bonds and the time they should run.
| Holman, Democrat of Indiana, char
Rcterized the bill as ono to perpetuats
the national banks.
Mallory, Democrat of Florida, spoke
q final word against the bill.
| Hooker, Democrat OF Mississippi,
speaking sgsinst the Walker amend-
ment, declared his unRlterable opposi-
tion to comforting on any one discretion
to issue bonds for an indefinite time, to
run for an indefinite period, payable
principal and interest in gold.
Walkers amendment was lost, 81
to so.
Bryan offered an amendment to the
Reed substitute offered yesterday, ITO
provide that the act shall be construed
to vitiste the policy of the government
to pay all coin bonds in gold or silver
at the option OF the governments az ex-
pressed in resolution pa ssed by con-
gress in 1878.
Cobb, Democrat OF Alabama, offered
an amendment to the Cox substitute
offered yesterday. to make bonds issued
under its provisions bear per cent in
tersst, payable in 20 years.
The hour eet for the taking oi,the vote,
$3.50, arrived while an amendment of
Mr.. Terry was being read. 1t cut off
thiB amendment, leaving the eubsti-
tntea and the amendments thereto
pending. Amendments adopted in the
committee were agreed to in the house
without division, except to reduce the
annual tax on national banks from l to
| "a per cent per annum.
This was agreed to, 200 to Al.
Reed then attempted to enforce an
agreement which he claimed had been
entered into in committee by which his
substitute should be voted on after the
Cox substitute. The fact OF such an
agreement was denied by Cox.
ut ia question of propriety," said
Reed sharply.
1T is a question of truth" replied
| Cox, warmly.
The chair held that the vote should
first be taken on the Reed substitute, to
which there was pending amendment.
| The Reed substitute provides for an
issue of per cent coin bonds to res
plenish the gold reserve, and the issue
OF certificates OF indebtedness to meet
the deficiencies in the revenues.
Bryan's amendment added a proviso
that nothing in the proposed substitute
should be construed as a surrender
| by the government of the right to pay
| outstanding coin obligations in gold or
silver at the option of the government,
as declared in the resolution which
passed congress- in 1873. The Bryan
amendment was lost. l27 to 1859. and the
vote was then taken on the Reed substi-
tpte, which was lost, 100 to 1877.
| The vote then required ON Mr.. Cobb'a
amendment to the Cox substitute. The
substitute was practically the Carlisle
| currency bill, including provision for
the repeal of the state bank tag. The
vote was practically party vote. save
that Mr. Cannon. Populiat of California /;
| Grain, Democrat of North Dakota /;
Geary. Democrat of California; Griffin,