The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-02-07
THE ADMINISTRATION BILL.
Many Amendments CTered, but Few
Accented hy the House.

many amendments OaeTeQ, put FcW
Accepted by the House.
WASHINGTON, Feb. 6.-The second days
debate on the administrations bill. authoriz-
ing the issue of $500, 100000 of gold bonds for
the retirement of legal tenders and treasury
notes, was not productive Of marked Incl
dent of any kind. A good deal of confusion
existed after o'clock, when the committee
began voting amendments to the bill.
Most of the amendments were defeated as
rapidly as offered. The committee on bank
ing and currency suffered two defeats, two
of the amendments proposed by that COM
n1ittee being voted down. They were the
amendment proposing to strike out the
section providing for the payment OF Gus
toms duties in gold, which was allowed to
stand amended SO as to make them payable
in gold and silver. and that compelling
national banks to cary their reserve in gold
and silver coin. Mr.. Bland's substitute was
ruled out on point of order.
Before the House went into committee of
the whole this morning the resolution of
Mr.. Livingston. suggesting arbitration of
the difficulty over the boundary dispute be-
tween British Guiana and Venezuela, was
passed. and also bill granting to the Gila
Valley, Globe & Northern Railroad Com
pany a right of way through the San
Carlos Indian reservation, corrected to
veto Hesssage.
Mr.. Brosius was the first speaker the
financial lil. He strongly urged the neces-
sity for Immediate relief and earnestly ad-
vocated the passage of the bill. He made
ar eloquent appeal to his Republican col
leagues 20 lay aside party prejudices. In
sI,cb o. crisis, he said, the representatives
of the people must be patriotic before they
are partisan.
Mr.. Little opposed the bill on the grounds
that It's massage would mortgage posterity
to main tain the gold standard. He also an
tagonized the Cox substitute.
Mr.. Grow supported the Reed substitute. :
Arkansas and Mr.. Newlands opposed the
BILL The. latter made free silver argu-
the ueht-paying ability of wheat, corn and
cotton to old figures and bring return of
prosperity.
sEr. Bland then gave notice Of the substi-
, tpIe he had prepared.
ke VOTING ON AMENDMENTS.
At 2 O'clock, under the special order, gen.
eral debate closed and the debate proceeded,
der the fve-minute rule, the bill being
open to amendments in any of it's parts. 1t
ssa agreed that the substitutes of Reed and
Cox should be considered pending. Mr..
Springer then offered the amendments
agreed on by the committee banking and
carrency as necessary to perfect the bill.
'1at the pleasure of the government after
ten years., and due in fifty years was
agreed to.
NIr. Breckinridge gave notice of substi-
tute he should offer providing for the issue
of debt certificates. the coinage Of the silver
bullion and the repeal of the State bank
The amendment to limit the amount of
legal tenders retired by the amount of ad-
ditional circulation taken out by national
banks met with opposition from M. Walker
and Mr.. Coombs, but it was agreed to-1V4
to 22.
Mr.. Haugen offered an amendment to the
committee amendn ent, imposing, in lieu of
cent. on the circulation of national banks
semi-annually and 10 reduce the limit of
tiana1 bants fro go eoo - sao @ q NJ NJ
Bryan opposed the an endrnent. One object
he said, was to reduce the tax on circulation
from one TO one-fourtn OF cent, and the
other would Increase the number and power
of national banks. MIR. Haugens amend
ment was agreed to.
An amendment of Mr. Bryan to make the
limit to be charged by national banks for the
loan Of circulating notes; per cent. was
defeated-34 to 134. Another by Mr.. Stone
to prevent the contraction of the currency
by national banks was lost. The original
committee amendment was then agreed to.
The committee amendment to strike out
Section of the bill prohibiting the issue
by national banks of notes of a denonlina-
tion of less than $40 and the retiregnsnt of
silver certificates of over $40 provoked con-
Mr.. Williams, of Mississippi said that the
section proposed to be stricken out was the
a La a5r
lation to silver.
SILVER AMENDMENT RULED OUT
Mr.. Hartman offered a substitute for the
committee amendment for the free coinage
of silver, the payment of customs duties in
gold and silver and the levy of an addf-
tional duty of so per cent on goods coming
from countries which do not open their
mints to the unlimited coinage of silver
Mr.. Hartmans amendment fell under a
1rin ora
the decision of the Chair, but the Chair was
sustained-175 to 8. The committee amend
ment was agreed to.
During the debate the committee
amendment to strike out Section 3, for the
payment ,oo Of customs duties in. gold after
clared his hostility to the bill and all su0sti-
tutes proposed, except the Reed substitute
for which he said he would vote.
An amendment offered by Mr. Hartman
Tor the payment of customs duties half in
geld, half in silver, was agreed to--S3 to IA
after which the committee amendment was
defeated.
The committee amendment (AIr Walker's)
thirty months to carry all their reserve in
coin, half in gold and half in silver, was
warmly opposed by Mr.. Hendrix and others
who contended that this amendment would
defeat the, the purpose of the bill The Walker
Mr.. Bryan opposed the committee amend
ment to the last section. which provided
for the repeal Of all laws limiting the
amount of national bank circulation which
could be Withdrawn for any one month to
5000 coo, and prohibiting an increase of cir
culation for six months after it had retired
any of its circulation. He claimed it would
give the banks power to contract or expand
the currency at will. The amendment was
adopted-93 to 46.
Mr.. Bland then offered his substitute as
an amendment to the first section. Mr.
Springer made the point Of order against it.
which was sustained. Mr.. Bland attempted
to offer it as substitute for other sections,
but it was ruled out as often as offered
Mr.. Bland appealed from the decision of the
Chair. The appeal was still pending when
the committee arose, and the House, at 525
adjourned.
MIR. REEDS PLAN.