The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-07

Wash ;ngton, Feb. e.-The House met
today to continue the debate on the bill
to authorize the issue of 500, 900 gold
bonds.
BAa2re the House went into Committee
of rSe Whole, the resolution of Mr.. LiV
tugstoii Denocrat, OF Georgia, was
passed. suggesting arbitration of the diff
7iculty over the boundary line dispute
between British Guinea and Venezuela,
and also q bill granting to the ella Val
ley. Globe d Northern Railway company
q right of way through the San Carlos
Indian reservation corrected to meet the
objection OF the president in his veto
message.
People Must BE Patriotic.
Mr.. Brossius was the first speaker on
che financial bill today. He strongly
urged the necessity for immediate relief,
and earnestly advocated the passage of
the bill. He made an eloquent appeal
60 his Republican colleagues to lay aside
party prejudices. In such a crisis, he
said, the representatives Of the people
Mr.. Little OemocraO, of Arkansas, OPP
posed the bill on the ground that its
passage would mortgage, posterity to
maintain the gold standard. He also an
tagoniZed the Cox substitute.
Mr.. Crow QRepublicanl. of Pennsylvania,
Mr. O'Neill (DemoCrdO, Of Missouri,
end Mr.. 1IcRae Democratl, of Arkansas.
and Mr.. Newlands (PopulisD of Nevada,
opposed the bill. The latter made Il free
silver argument, urging that free silver
would raise the debt-paying ability of
wheat. corn and cotton TO old figures, and
bring q. return OF prosperity
Mr.. Bland DemocraD. of Missouri, then
gave notice of the substitute he had pre-
pared.
the General debate closed and the debate
prod ee6ed under the fiVe-minute rule, the
bill being open TO amendment in any of
dts parts.
Tonwas agreed that the substitutes of
0ir Weed and Mr.. Cox should be con-
Mr.. Springer then offered the amend
nnents agreed upon by the committee on
banking and currency as necessary to
perfect the bill. The amendment making
the bonds payable lat the pleasure of the
government after ten years. and due in
Fifty years. was agreed to-
AIR Breckenridge tDemocraO, of Ken
should offer providing for the issue of
Geot certificates, the coinage of the silver
bullion and the repeal OF the state bank
tax.
Was Agreed To.
The amendment 10 limit the amount of
legal tenders retired by the amount OF
additional circulation taken out by ma
tional banks met with opposition from
9lT. Walker (Republican), Of MaSSachu-
eetts and Mr.. Coombs DemoeraO, of
MIR. BaUghen (Republican), of WiScon-
sin, offered an amendment to the COM
Inittee amendment imposing in lieu Of
other taxes tax of one-eighth of one
per cent. on the circulation of national
banks Semi-annually. and TO reduce the
limit of capital necessary for the corpor-
alton Of national banks from $4,000 TO
10000.
Mr. Bryan OemocraO, of Nebraska
opposed the amendment. The object, he
said. was TO reduce the tax on circulation
TO from 1 to one-fourth of cent and
another would increase the number and
power of national banks.
Mr.. Haughen's amendment was agreed
An amendment of Mr. Bryan making
the limit to be charged by national banks
for me loan of circulating notes i've per
another, by Mr.. Stone tDemocrat). Of
New York. 10 prevent the contraction Of
the currency by national banks, was lost.
The original committee amendment was
rs Bcomnnittee amendment to strike
ouf%tction of the bill prohibiting the
issue by natonel banks of notes of a
denomination Of less than SIC and the re-
SO provoked considerable discussion, in
the course of which Mr.. Williams Demo
proposed 20 be stricken out was the only
one in the bill that gives wide circula-
ton TO silver.
Payment of Customs Duties.
olr. Hartman Republican,, of Montana.
offered q substitute ICf the committee
amendment for the coinage OF silver, the
pament of customs duties in gold and
silvsS, and the levy of an additional duty
al 81 per cent. on goods coming from
20 the unlimited coinage Of silver.
AIr. Hartman's amendment fell under
a point CT order
Mr.. Hartman appealed from the deci-
sion of the chair. but the chair was sus-
tained-175 to 9.
The committee amendment was then
During the debate on the committee
amendment 10 strike out section i've for
the payment of custom duties Ill gold
after July ], 1885, Mr.. Henderson, (Repub-
Iican), of Iowa, declared his hostility TO
The lii and all substitutes proposed eN-
cePr 1he Reed substitute, for which he
said he would vote. An amendment Of
5ered by Mr.. Hartman for the payment
of customs duties half in gold and half
Ga silver was agreed to-S3 10 Y, after
which the committee amendment was de-
feated.
Walkers Amendment Defented.
The committee amendment Or. Walk
er'sl to compel national banks at the
end of thirty months TO carry all their
reserve in coin. half in gold and hall in
silver, was warmly opposed by Mr.. Hen
crix. Democrat), of New York. and 9TH
ers who contended that this amendment
SSousG defeat the purpose OF the bill.
TAG Walker amendment was defeated
Nrs Bryan opposed the committee
amendment to the last section. which
provided for the repeal OF all laws linn
fling the amount of national bank cir
culation which could be withdrawn for
any one month TO s2,000.0o0 and prohibit
ing an increase of circulation for six
months after it had retired any of its
circulation. He claimed ii would give
IRE banks power TO contract or expand
fire currency at will.
The amendment was adopted-95 to IS.
ON :, Point Of Order.
Mr. Bland then offered his substitute
4 rs an amendment 10 the first section.
Mr.. Springer made the point of order
n against it, which was sustained.
M NE Bland attempted TO offer il az A
Y substitute for other sections but it was
ruled ont as often as offered.
afr Bland appealed from the decision
IA IF the chair.
The appeal was still pending when the
u committee rose and the House, at SOS
~ adjourned.
HAWAIIAN QUESTION.