Waterbury evening Democrat., 1895-01-30
PATCHING UP THE BILL
Springer's Financial Measure
 Amended by the Committee.
TO BE REPORTED IN A FEW DAYS.

In Gold House Decides ASAlnst hSta4ia- ]
 tion on Germany.
 WAsHINGToN. Jan. 3o.-The house com 1 mittee on banking and currency spent tho day in debating the new administration {, bill. went through 1t by sections. adopted three important amendments and adjourn i cd. leaving two amendments to be acted upon.
 Chairman Springer says the committee will be able to report the amended bill to the house today Re. .ublican meml CTS say the bill will 1s in committee two or three days longer, but all agree it w II be reported to the house in tIme although materially changed from the original plan. since the Republicans are disposed to CO., operate with the administration Demo- crats
 here was some sparring for points in cnmmitte' and general disp lsition to ingraft personal $, hemes upon the meas ure, but as a whole the proceedings were unusually free from partisanship Chair man springer has not yet decided how much time he will ask the committee on rules 10 give for debate The bill is @ privileged one anl can be called up at any time Accord ngly the California Dem o- cratic memhc who are lighting the
 ci!lv ac Ii railroad bill very bitterly. are urE nG Mir Spr nger to report the Lnan ial measure today if possible and disp the Reilly b-lL
 Inc action of Ihe house upon the amended bill seems to depend upon tho Republicans who hold the balance of power. How far the amendments will placate the uppusition remains 10 be seen. but it is conceded that the chances of the measure are much better In the house than in the senate It's opponents are largely depending upon the Tree silver senators to talk it to death, as they may be able to do in q body which has no rule by which it can fix a day for vote
 Two More Amendments Adopted.
 The aft rnoon session of the committee was moro harmonious than that of the morning and resulted in the adoption of two amendments to the bill. The first. proposed by Mir Haugen of Wisconsin, re duceS ths tax upon the circulation from per cent per annum to one-fourth of 1 per cent. payable semiannually. The sec ond. proposed by Mir. Walker of Massa- chusetts strikes out the fifth section of the hill-thnt requiring import duties to be paid in gold. The vote upon it was 6 yeas to nays.
 When tho committee adjourned. two amendments were pending. One offered by MT. Russell stipulaies that the retire ment and cancellation of legal tenders for each month shall not be greater than the increase in amount of national hank notes under the opVration of the plan. This amendment was carried when first offer ed. and then there was n successful mo- tion to reconsider and postpone action for a day.
 Representative Walker stands as sponsor fOr tho nfhar T,snHinnv nYnanHu,AnF Nrhirh is to require one half O. the reserve funds of banks 10 he held in gold coin or gold certificates the other half in silver coin or silver certificates. Ten per cent of tho re- serve Is to be he'd in this stipulated form on July and 70 per cent at the end of three months, the change being made at the rate of 10 per cent a quarter until completed The discussion on this amend ment hin ed on the point whether furving the banks to se,ure gold for deposits would not cause a EiCater demand upon the treasury for gold than the raids which are now in progress
 Several amendments were proposed which failed Must important of their number was one to substitute the word coin" for god in the provision for payment of the bonds Another unsucccss- full amendment was ono to give the sCcre- tary of the treasury discretion to fix the rate of interest on the bonds and to make them payable after various short terms In the Senate.
 wAsHTxGroS. Jan. 90. Presid ent | Cleveland's financial message has again | started the eddies and currents of senti- | ment on the financial question in the sen- ate. While this hIs not yet crystallizfd into definite action, several incidents oc- cured in the senate which indicate gen- | eral tendencies.
 MT. Manderson of Nebraska presented | a compromise plan. The senator empha- | sized the need of concession and cOInpro- l mise in a vigorous speech, urging sena- tors to give and take in order that some common ground for meeting the financial emergency might be secured.
 In replying. Mir. Teller of Colorado made the significant declaration that no such compromise legislation could bo ef | fected Rt this SC sion of congress. | Among tie measures passed during the l day were those for the incorporation of the National Association of Florists and | for the sale of interchangeable mileage tickets to commercial travellers, known as the commercial travellers bill
 l Most of the day was given to the bank ruptcy bill. MT. Mitchell of Oregon offer | ing a substitute CT the lines of the so called l Mississippi speaking at length in explana. | tioD of Ihe bill
 | In the House.
 A special order was invoked to bring up the bill to repeal the one-tenth of a cent differential duty imposed by the new tariff law on sugars imported by bounty paying countries and it was passed without
 amendment by Q vote of 239 to Sl. l A series of amendments wero offered | two by Mir. Hepburn and Mir. Hopkins | looking to retaliation in case Germany re- fused to admit our meat products after the | repeal of the ditferentiaL One was by Mir. Hit of Illinois to repeal tho one-eighth
 differential on rohned sugar, one by Mir Dingley of Maine to provide that this act | United States surrendered the right under
 treaties containing favored nation clauses
 to affect bounties by the imposition of
 equivalent dilTerential duties. and one by
 Mir. Van Voorhees of New York to place
 all sugar. raw and refined. on the free list
 All were lost by practically party votes.
 The debate was Of an interesting char
 acter. and at tim,s very spirited. 1t
 touched quito extensively on the treasury
 situation and the remedies to be applied.
 Mir. Dingley of Maine made Q long state
 ment of tho receipts and expenditures to
 show that the treasury was suffering from
 lack of revenue. and that the first duty of
 the government was to increase the re-
 seipts of the treasury.