The Providence news. (Providence [R.I.]) 1891-1906, 1895-02-08
ON THE SHELF.
Knockout Blow for Financial
Legislation
Administration Bill Killed Substi.
tules Disposed Of in Short Order.

WASHINGTON. Feb. s.-The last iope OF
financial legislation for the relief of the
treasury at the present session OF congress
went by tho board when the house yester-
day afternoon, by vote of 1874 to l6l, re.
jected the administration bill TO author
ize an issue of $500. 100000 gold bonds.
The bill was beaten before IL reached its
last parliamentary stage. This result was
reached after three days OF spirited and at
times heated debate, and ut the end OF
seven hours session. From IL until $3.50
O'Clock yesterday, when the bill with the
pending substitutes were reported to tho
house from tho committee. OF the whole,
amendments were offered in rapid sue
cession, most OF which were voted down as
fast as they were offered.
Many OF them were designed 90 load
down the bill, and the votes thereon were
In no sense test votes. The Bell amend
ment, for instance, To make the bonds
payable in gold aad silver, was defeated
by the decisive vote Of rs to 106, while the
bill was defeated by 1874 20 l6i. Both the
Reed and Cox substitutes, with tho amend
ments thereto, were rejected after tho bill
was reported To the house.
The Reed substitute authorizing the Is
sue OF coin bonds for the rcplenishment OF
the gold reserve and certificates OF indebt.
edncss TO defray any deficiencies in the
revenues was lOst--lO9 to iS7 1t was a
party vote, save for the fact that seven
Democrats and Cannon OF California voted
for IL.
When the question came up on tho
third reading and engrossment Of the bill
the whole opposition concentrated While
ha h,t fol- fol, "A
in the refusal OF the mouse TO order the
third reading. the interest conferred in the
vote OF Mr.. Reed. He sat quietly in his
seat during tho first call and did not an
swer to his name, but on the second call
he voted for the.bil.
As soon as the result was announced,
MIR. Reed attempted TO make an explana.
ton 81 tho attitude of himself and those
Of his colleagues who had voted for the
bill. but objection was made. He after
ward explained, however that he had sub
mitted proposition (his own substitute)
which he considered would meet the sit
uation. The Democrats had rejected this,
and then he and many Of his colleagues,
although opposed 10 features of the origi-
nal bill, haa voted for IL In tho hope that
itwould pass and be amended In the sem
ate.
Mr. Springer then moved TO reconsider
the vote by which tine third reading was
refused bus this action was laid on tho
tablc-l35 10 l23--and the bill WIS killed.
Parliamsniarily speaking, an analysis OF
the vote shows that ~ Republicans and 81
Democrats voted for the bill and that SO
Republicans, 80 Democrats and Popu-
lists voted against IL.
What N.xte
Chairman Springer Of the banking and
currency committee Is not prepared TO say
whether any further action Will be taken
or what will now b. done
He is very much disappointed at the re.
suit, and blamcs tho Republicans, saying
Al they had stood by the bill, IL would have
passed. II anything was TO b, done, a
new bill would have to be brought I'm, rs
the bill voted upon yesterday Is beyond rc-
call.
All other Democrats who were for the
bill said that this was the end OF any
thing IN the way OF financial legislation.
There was some talk Of Democratic
caucus, bul that dld not seem probable.
The general impression prevailed that
there would now be another bond issue
without doluv
ia 'lietttNNt AA'ANNf WIZ AAAtNl 10 NlsitNt M
explanation on he floor OF tho house.
male brloi statcment to the press He
said:
II had, wi,h the Support of all the Re-
publiclns, presented e-lroposi,ion which
the rring powers saw flt 60 refuse.
Nevertheless, l had gone further and
voted for bin which contains things
which ] DO not approve OF, simply to en-
ol1lp tho tnuf4pr 90 tho capato in,
hopes That something might be done The
bill has failed. ] now desire "a suggest
that l have no doubt this side OF the house
would vote for The second section OF my
substitute or any other proposition which
had aEy practical chance OF passing"