The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1895-02-13
Killed in the House.
The Banking and Currency
Bill Finally Lost.

ELL fludlly hOSC.
WASHINGTON, Feb. The House
has discussed plans for financial relief
three days, and refused by decisive
votes 20 pass any one of them When
the committee of the whole at 3 80
O'Clock this afternoon concluded its
sessions. three propositions we're report.
ed to the House for it's action /: the
original Springer bill (known as the
administration billD proposing the issue
Of $500. .00U. 600 three per ceot. fifty
year gold bonds, as amended by the
committee Of the whole, the substitute
proposed BY Reed. authorizing the issue
of two-year three per cent. certificates
of Indebtedness to meet deficiencies ln
the revenues and bonds to cover the
deficiency in the gold reserve, with an
amendment proposed by Mr.. Bryan,
Democrat, Of Nebraska, reaf6rmin g
the declaration of the Matthews resolu-
ton Of 1878, to the effect that coin
obligations Of the government are
payable in standard silver dollars at its
option and the substitute of Mr.. Ccx.
Democrat, Of Tennessee, containing a
rehabilitation of State banks, with an
amendment proposed BY Mr.. Cobb,
Democrat, Of Alabama, expressly de-
cliping to confer the right to issue
bonds upon the Secretary of the Treas
ury.
Mr.. Bryan's amendment was reject
ed-yeas, 127 nays. 169-and then
Mr.. Reeds substitute went the same
way by vote of 100 20 187. This
was nearly a party vote. the Popu!ists
and Democrats in opposition and the
Republicans in favor of the substitute.
The amendment proposed by Mr..
Cobb to Cox's substitute was voted
down vara goce and the 50 bstitute itself
received but 55 votes in the affirmative
TO 1S4 iu the negative.
Mr: Cox's request for yea and pay
vote was not supported by sufficient
uumber to secure it.
By the unexpectedly largo vote of
159 noes and 81 ayes, the House on a
division, refused to order the eugross-
meps AID third reading of the amended
Springer bill. which announcement was
received with applause. A vote
by ayes and nays somewhat re-
duced the majority of the vote. it
resulting yeas 1876, nays 1852,
present aud not voting 4.
Just before the vote was announced
Mr.. Reed endeavo:ed to make an expla-
nation of the attitude Of himself aud his
associates on the Republican side, but
was cut off by cries of Regular order" :"
He was going to say Il bad. with the
support Of all the Republicans, present
ed proposition which the ruling pow
ers saw fit to refuse. Nevertheless Ihad
gone farther and voted for bill which
contains things which | do not approve
of. simply to enable the matter to 60 to
the Senate in hopes that something
might be done. The bill has failed. |
now desire to suggest that | have 10
doubt this side of the House would vote
for the secoud section Of my substitute
or any other proposition which had any
practical chance of passing.
Mr. Springer, having changed his
vote for that purpose, moved to recon
slider the vote. aud that motion on mo-
ton by Mr.. Hatch (Dem. of Missouri
was laid on the table, yeas 1876, uays
1913. which 6oally disposed of the mat
ter. The question pending when the
comm i.tee of the whole refused conslde
ration of the DILL was as to whether or
no. the decision of the chairman, ruling
out Mr.. Bland's substitute on point of
order, should be sustained. 1t was
decided 10 the affirm ative-130 to 90
In the course of consideration Of the
bill MIR. Wheeler (Dem of Ala.
bama, moved to repeal the tax of ten
per ceot. on State banks circulation
and it vas lost by vote Of 96 to 81.
An amendment proposed by Mr.. Bell
(Pop of Colorado, providing for the
payment of the bonds in gold or silver
without discrimination against either,
was lost -l06 to "a.
Mr.. Bland got vote 90 an amend
mens requiring the Treasury notes ls-
sued under the Sherman Act of 1890 to
be redeemed in accordance with section
5 of that law. and directing the coinage
of the seignorage Of the silver bullion 10
the Treascuay, and it came within i've
votes of being adopted-l09 to 104.