The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1895-01-31

WASHINGTON, Jan. 30. The house
committee on banking and currency
started yesterday TO consider
the administration financial bill. Rep
rcsentative Cox Of Tennessee opened
with a motion 20 report the bill TO
the house, which at once aroused a
chorus Of opposition Three of the
Republicans, Henderson of Illinois,
Brosius of Pennsylvania and llaugen
of Wisconsin objected strenuously to
what they termed summary action
and Mr. Cobb of Alabama declared
that he would never vote TO report the
bill to the house in its present form.
Thereupon Mr.. Russell of Connccti-
cut made "a motion that the committee
proceed TO the consideration OF the
bill, ~ which was agreed toiuformally.
In the couse of the discussion Mr.
Walker Of Massachusetts opposed the
proposition of a fifty year term for
the bonds and gave notice that he
would offer an amendment for a
shorter term. other Republicans
stood with him on this objection and
also gave it as their views that green
backs should not be retired unless
the circulation was kept up 90 its
present volume by replacing the re.
tired greenbacks with national bank
notes
Mr.. Cox gave notice that he would
move to substitute for tho admins
tration bill the i'll fated Carlisle bill
with certain amendments Of his own,
which have been outlined heretofore.
There may be adopted by the com
mlttee a rule limiting the time Tor
debate on amendment, which will
some what expedite matters
A motion made bv Mr. Warner of
New York that debate on an amend
ment be limited to ten miuutec and
that previous question be then
ordered was carried. Under this
procedure the committee adopted
an amendment which was prac-
tically a compromise between two
proposed by MesSrs. Brosius aud
Haughen. As adopted the amend
ment strikes out the words "nfty
years after date and makes the
bonds payable at the pleasure of the
United States after ten years from
the date of issue This proposal to
shorten the bond term met with near.
ly unanimous approval.
The committee voted to strike out
section of the administration bill
providing for the payment of custom
duties in gold.
SENATE FINANCIERs DIVIDED
At the morning meeting Of the SEN
ate finance committee the various
propositions embodied i'm the Jones.
Vest, Mcpherson, Smith and Sher-
man bills were zone over
and there were some indications
toward the close that il might be
possible to secure a majority vote on
modification of the Jones bill.
There was no vote on any proposition
however, and the expression Of opiu-
ion was not clear enough 20 render il
certain what would be the outcome.
The Republicans again expressed
their willingness to unite upon "A
measure granting authority for loan
on notes of two or three years time
in Sufficient volume TO relieve the
treasury from its pre- ent distress. but
not TO go farther at the present time.
The proceedings of the afternoon
session were based upon bill which
had been prepared by Senator Noor-
hees. This bill provided simply for
the issuance of short time certificates
which were TO be used for the p,r.
pose of making good the reserve and
of meeting the revenue deficiency,
but when the afternoon session opened
he had added clause providing for
the free coinage OF silver There
was a motion to strike out the silver
provision, which was lost ON "A
tic vote Of 8 TO 5, all the Republican
memb rs and senator Mcpherson.
Democrat, voting for the motion, aud
five Democrats opposing il. A vote
was then taken on the proposition as
n whole and Il was lost by a vote
of 10 3. Senator Vest and Senator
White, as well as McPhcraon, voted
with the Republicans. There was
also tie vote on a motion by senator
Aldrich 10 substitute the Springer
bill for the Voorhees, bill.