The record-union., 1895-02-08

ury and the redemption of the treasury
notes of 1890 in coin, as provided by Sec
ton of that Act. Both amendments
were lost.
Walker (Dem.) of Massachusetts Of
fered an amendment to confer upon the
Secretary OF the Treasury discretion as
to the interest to be paid on the bonds
and the time they should run. Walkers
amendment was lost-67 to 81.
Bryan offered an amendment to the
Reed substitute offered yesterday to pro-
vide that the Act shall be construed to
vitiate the policy of the Government to
pay all coin bonds in gold or silver at the
option of the Government as expressed
in a resolution passed by Congress in
1883.
Cobb (Dem.) of Alabama offered an
amendment to the Cox substitute offered
yesterday to make bonds issued under Its
provisions bear 3 per cent. interest, pay
able in twenty years.
The hour set for the taking of the vote,
$780, arrived while an amendment of
Terry (Dem.) of Arkansas was being read.
1t cut off this amendment, leaving the
two substitutes and the amendments
thereto pending. The amendments
adopted in the committee were agreed TO
in the House without division, except
that to reduce the annual tax on national
banks from one to one-quarter per cent.
per annum. This was agreed TOGO to Al.
Reed then attempted to enforce an
agreement which he claimed had been
entered into in committee, by which his
substitute should be voted on after the
Cox Substitute. The fact of such Fan
agreement was denied by Cox.
1t is question OF pro priety," said
Reed, sharply.
ut is question of TRUTH" replied Cox,
warmly.
The Chair held that the vote should
first be taken on the Reed substitute, to
which there was pending amendment.
The Reed substitute provides for an
issue OF per cent. coin bonds to replen-
lsh the gold reserve and the issue of cer-
tlhcates OF Indebtedness to meet the de-
tciencies in the revenues. Bryan's
amendment added proviso that nothing
in the proposed substitute should be con-
strued as surrender by the Government
OF the right to pay outstanding coin Obli-
cations in gold or silver at the option of
the Government as declared in the reso-
luton which passed Congress in 1878
The Bryan amendment was lost, I27 to
l69, and the vote. was then taken on the
Reed substitute, which was lost-lO7
to 17S.
The vote then REQUIRED on Cobb's
amendme to the Cox substitute. The
substitute was practically the Carlisle
currency bill, including provision for
the repeal of the State bank tax. The
vote was practically a party vote, save
that Messrs. Cannon (Pop.) of California,
Crane (Dem.) of North Dakota, Davey
tDem.) OF Louisiana, Geary Dem.) of Cal
ltornla, Griffin Dem.) OF Michigan, Law
son (Dem.) of Georgia, Pendleton DEM
OF Texas, Shell (Den.) of South Carolina
voted with the Republicans in favor of it.
Coob's amendment amended the exist
ing law to bear 3 per cent. interest. and
provided that nothing in the substitute
should be construed as an authorization
for bond issue.
GThe Cobb amendment was beaten with
out division, and the Cox substitute, on
rising vOte-55 to IS4. The House dis
posed OF the substitute and amendment,
and the vote was then taken on the third
reading and engrOssment and was de-
teated on a rising vOte-9T to l5g.
Springer demanded the yeas and nays.
and the roll was called, confirming the
rejection OF the measure. The vote stood
134 to l61. Before the vote was announced
Reed arose and attempted 10 make an
explanation why he aud many of his
colleagues had voted for the bill, and he
got no further than the statement that he
had made proposition to Springer that
seemed to him fair, when he was howled
down by chorus of objection from the
Democratic side.
Springer then entered a motion to re-
consider the vote by which the third read
ing OF the bill was refused, and Hatch
lDem.) of Missouri moved TO lay the mo-
tion on the table. The latter motion was
carried-I35 to 123.
This ended the fight, and the victors
made the hail ring with their shouts.
At 6:25 P. NJ. the House adjourned.