St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-02-07
LAID THEM OUT colo.
Amendments to the Admins
tration Bill Slaughtered
in House.
HAWAIIAN CABLE TALK
Preeipitated in the Senate by
the Bill for an Appro-
ppiation.
CHICAGO'S BILL PASSED.
Senate Substitute for the
House Measure Finds no
Opposition.
CHICAGO'S BILL PASSED.

WASHINGTON, Feb. 6.-The second
days debate on the administration bill,
authorizing the issue Of 100000, 900 of
gold bonds for the retirement of the
legal tenders and treasury notes, was
not productive Of marked incident OF
any kind. A good deal of confusion
existed after 2 O'Clock, when the COM
mt:ee began voting on amendments to
the bill. Most of the amendments were
defeated as rapidly as offered. The
committee Oh banking and currency
sustained two defeats, two of the amend
ments proposed by that committee
being voted down. They were the
amendment proposing to strike out the
section providing for the payment of
customs duties in gold, which was al
lowed to stand amended so as to make
them payable in gold aud silver, and
that one compelling national banks 10
carry their reserve in gold and silver
coin.
Mr.. Brosius (Rep., Pa.) was the first
speaker OH the financial bill today. He
strongly urged the necessity for imme-
date relief. and earnestly advocated
the passage of the bill.
Mr.. Little Dem, Ark.) opposed the
bill OH the ground that its passage
would mortgage posterlty to maintain
the gold standard. He also antagonized
the Cox substitute.
Mr.. O'Neill Dem Mo-. and Mr..
McRae (Ark.) and Mr.. Newlands (Pop.
New opposed the bill. The latter
made a free silver argument, adding
that free silver would raise the debt
paying power of wheat, cotton, etc, to
the old figures and bring return of
prosperity. Mr.. Bland Oem. Mo- then
gave notice of a substitute he had pre-
pared.
A 2 O'Clock, under the special order,
general debate closed and the debate
proceeded under the tive-minute rule,
the bill being open to amendment in
any of its parts. 1t was agreed that the
substitutes Of MIR. Reed and Mr.. Cox
should be considered pending. Mr..
Springer then offered the amendments
agreed upon by the committee on bank
| ing and currency as necessary to per-
feet 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.
Mr.. Breckenridge (Dem.. Ky.) gave
notice of a substitute he should offer.
providing for the issue of bonds, the
coinage of the silver bullion and the re-
peal of the state bank tax. The amend
ment to limit the amount OF legal ten
ders retired by the amount of additional
circulation taken out by national banks
was agreed tO-104 to %.
Mr.. Haugen (Rep., Wis., offered an
amendment to the committee amend
ment Imposing in lieu OF other taxes a
tax or one-eighth OF one per cent OH the
circulation of national banks Semi-an-
nually, and to reduce the limit of capt.
tai necessary for tue incorporation of
national banks from $50, 900 to $50, 000
Agreed TO.
An amendment Of Mr.. Bryan to make
the limit to be charged by national
banks for the loan of circulating notes 5
per cent was defeated-34 to 1874. An
other by Mr.. Stone Dem, Ky.) TO pre-
vent the contraction of the currency Dy
national banks was lost. The ii ig1nal
committee amendment was then agreed
to.
The committee amendment TO strike
out section of the bill. prohibiting The
issue by national banks of notes of a
denomination OF less than SO and the
retirement of silver certificates of over
$40 provoked considerable discussion,
but was agreed to.
An amendment. offered by Mr.. Hart
man for the payment Of customs duties
Half in Gold and Half in Silver,
was agreed to-S3 to 72-after which The
committee amendment was defeated.
The committee amendment (Mr.
Walkers to compel national banks, at
the end of thirty months, TO carry all
their reserve i'll coin, half i'll gold and
half in silver, was warmly opposed by
Mr.. Hendrix (Dem., n. " and others,
who cOntended that this amendment
would defeat the purpose Of the bill.
The Walker amendment was defeated,
81 to 101. Mr.. Bryan opposed the conf
mittee amendment to the last section,
which provided for the repeal of all
laws limiting the amount OF bank cir
culation which could he withdrawn for
any one mcnth 10 S3.000,G00, and pro-
hibiting an increase of circulation for
six months after it had retired any Of
its circulation. He claimed it would
give the banks power TO contract or eX-
pand the currency at will
The amendment was adopted-93 to
As. Mr.. Bland. of Missouri. then Of
fered his substitute as an amendment
to the first section. MIR. Springer made
| the point of order against it, which was
sustained Mr.. Bland attempted to
offer it as a substitute to other sections,
but it was ruled out as often as offered.
Mr. Bland appealed from the decision
! of the chair. The appeal was still pend
| ing when the committee arose, and the
house at 5:25 adjourned.