The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-02-09
FINIyCE BILL D00TTl
No Hope for Currency Legislation
This Session.
DEFEATED ON THE THIRD READING

The Reed Substitute Lost by a vote of
100 to 1877, While the Original Measure
Received Only 1874 votes, with 101 gainst
It-Chairman Springer Disappointed.
WASHINGTON, Feb. s.-The last hope of
financial legislation for the relief of the
treasury at the present session of congress
went by the boards when the house yes
terday afternoon by a vote of 1874 to 161,
rejected the administration bill to author
lie an issue of s5000O0,O 600 gold bonds
The bill was beaten before it reached its
last parliamentary stage This result was
reached after three days of spirited and at
times heated debate, and at the end of a
seven hour session. From II until $3.50
yesterday, when the bill with the pending
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
to 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 76 TO 1O6,
Both the Reed and Cox substitutes, with
the amendments thereto, were rejected
after the 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 1O9 to 1877 1t was party
vote, save for the fact that seven Demo
Gratis and Cannon, of California, voted
/ for It,
When thequestiOn came up on the third
reading and engrossment of the 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
to his name, but on the second call he
voted for the bill.
As soon as the result was announced
Mr. Reed attempted to make an explana-
tion of the attitude of himself and those of
his colleagues who had voted for the bill,
but objection was made. He afterward
explained, however, that he had submit
ted proposition (his own substitute)
which he considered would meet the situ
alton The Democrats had rejected this
and then he and many OF his colleagues,
although opposed to features OF the orig
inal bill, had voted for it in the hope that
it would pass and be amended in the SEN
ate.
Mr' Springer then moved TO reconsider
the vote by which the third reading was
refused but this motion was laid on the
table by l55 to l23' and the Dill was killed.
An analysis of the vote shows that A Re
pubhcans and W democrats voted Tor the
Dill and that Do hepuDIleans' w Delhocraus
ana Popullsts voted against IT,
Chairman springer OF Jhe banking ana
currency cohiinl0Veei was hoJ prepared 90
| shy 5hls morning Wha5her any VurGher ac-
ZION would po 0aNehi OF WhaU "oulu now
pe done. lie was very nuoh ,lsappolhOsu
at the result ana olainet Vhe l'ePuoiicahs, Ca a
saying II Uhey h9u sgoou Dy Vhe Dhl IL
Woulu nave pAs7eu. III ahyIhihs was 20
DC uone new Dill Woulu nave 20 DC
prougnU IN as Un9 oill EoUe1 upon yesCer-