The Delta independent., 1895-02-20
GOLD BUGS AHEAD
IN FAVOR THREE PER CENT
Tho Committee of tho House Endors
the Prssidenrs Suggestions by Not'
OF Eight to Five.

Washington, Feb. 13.-The House
committee on ways and means voted
to-day to report to the House resolu-
tion practically as agreed upon by the
subcommittee. The vote was: Yeas,
8; nays, 5. The resolution is as fol
lows:
"Resolved, By the Senate and House
of Representatives of the United
States. in congress assembled, That the
secretary Of the treasury be and is
hereby authorized to issue and dispose
of at not less than par in gold coin.
bonds of the United States, with the
qualities, privileges and exemptions of
bonds issued under the act approved
July IA, 1870, entitled An act authoriz-
ing the refunding Of the national debt
loan, amendment not exceeding $685.
1925, bearing interest at rate not
exceeding per cent. per annum, prin-
cipal and interest payable in gold coin
of the present standard Of weight and
finencss said bonds to be made pay
able not more than thirty years after
date; provided, however, that no part
of the proceeds of the sale of such
bonds or notes redeemed with the pro-
ceeds shall be available for the pay
ment of the current expenses Of the
government"
The vote Of to 5 on reporting the
bill showed party breaks on both sides
Among the Republicans, Messrs. Reed
of Maine and Payne of New York were
for the bill, Mr.. Hopkins of Illinois
against 1t, and Mr.. Grosvenor Of Ohio
refrained from voting. Among the
Democrats the division was even great
er. Messrs. Wilson Of West Virginia,
Turner Of Georgia, Tarsney of Mis-
souri,, Montgomery of Kentucky, Ste
vens Of Massachusetts and Cochran of
New York, voting in the affirmative
and Mcmillan of Tennessee, Whiting
of Michigan, Bryan of Nebraska and
Wheeler of Alabama, in the negative.
Mr.. Bynum, Democrat, Of Indiana, was
IN the floor Of the House while the vote
'ras being taken, but did not appear to
register either way. Mr.. Dalzell, Re-
publican, of Pennsylvania, and Gear,
Republican, Of Iowa, were not present.
minority report will be made by
those who voted against the bill. 1t
will probably be written by Mr.. Bryan.
Chairman Wilson will report the res
olution to the House today. There
was no talk about the amount Of time
which the rules committee would be
asked to give for debate In the House.
A provision against the redemption Of
national bank notes by the treasury,
which Secretary Carlisle had requested
yesterday, and which the sub commit
tee had recommended, was passed over
by general consent and no action was
taken on 1t, as 1t was thought best not
to cumber the resolution with too many
propositions. 1t may be q subject Of
future action by the committee. The
resolution prepared by Mr.. Wheeler,
declaring the enacting Of the presi-
dents recommendation to be an aban.
donment Of bimetallism and therefore
inexpedient, and Mr.. Bryan's resolu-
tion for the payment of all govern
ment obligations in the coin most con-
venient, were voted down, as was Mr..
Cockran's proposition for more COM
prehensive authority to the secretary,
but the votes were not recorded. There
was no formal debate.
Mr.. Cochran said that he would vote
to report the resolution, but would re-
serve the right to offer an amendment
in the House. Mr.. Reed said that the
plan was none of his making or choos-
ing, but that under the circumstances
he would vote for it as scheme which
might furnish some relief for the treas
ury, although he was not hopeful that
it would