The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-16
GOOD TINES DUE TO TARIFF.
PRITCHARD POINTS OUT BENEFITS
OF WISE LEGISLATION.
Balance of Trade for the Present
Year VIII Reach the Enormous
Total of s6Oo,OO0.OOO i'm Favor of
Auerica-Seuate Amends bank bill

WASHINGTON. June l5.-After passing
a number OF pension bills and listening
to a carefully prepared speech on the ad-
vaatageS OF Republican tarif legislation
by PritChard of North Carolina, the SEN
ate today resumed consideration or the in
ternationa. bank bill. An amendment was
accepted by the committee, extending the
privileges of the measure 20 all citizens OF
the United States instead OF restricting
them TO those mentioned In the bill. When
the senate adjourned consideration of the
bill was not concluded.
During the consideration of the pension
calendar thrty-twC bills were passed in
thirty-three minutes. Among the bills
passed was one increasing the pension Of
Mrs. Margaret Love Skerritt. widow of
Rear Admiral Skerritt, from $50 10 $50 a
month
Cockrel. of Missouri reported from the
military affairs committee bill 10 pro-
mote the administration of justice in the
army. and asked for its immediate consd-
Grafton The bill provides for the admin
istration OF justice by summary court.
1t was passed..
Pritchard then addressed the senate on
the Benefits OF Republican Rule" He
said:
The great change which has taken place
in the financial. commercial and economic
conditions OF our country since the inaugu-
TAtibii Oh a RspuDIicaH president ana the
enactment OF protective tariff law directs
attention again 10 the benefits which have
invariably followed from the adminstra-
o ION Of the government y he great party
many years. II ever. have the material
prospects OF the United States been as
bright as they are To-Day; and for this
the wise and patriotic legislation framed
and passed by the Republican party is re-
spCnsible.
"A prediction made pubic by the bu-
nf Ere2ff etsf ~
have been received with amazement and
incredrlity By these who have not follow
Ell carefully the trend Of our national trade
during the year. To suggest that the bal
ance of trade in favor of the United States
for one year could. much less would reach
the predictions sum of $500. 900 seemed
Ike idle folly. Never before in the history
OF tho ton has the favorable trade bal
arce been haf that much: and yet the
prediction was well founded and unless
ing April %. was s5i4 2i5,4 - will he over
sea. oS.eD by june 80, The nearest ap-
proaeh 20 this extraordinary record was
last year, when the balance in our favor
was s2s6. 253 IA
1T IL estimated for the full fiscal year
the net amount Of coin received in partla.
settlement CT cur huge merchandise balance
VIII he al least Sl0o.D00 600, This Is more
than double any previous cash balance for
one ,.. yea ar The largest previous having been
s4i,6532i. for the year 1879"
AZ the conclusion Of Pritchard's speech
consideration Of bills on the general cal
endar was begun. Among those passed.
weTe:
To amend section 545s of the revised stat
utes
To authorize the appointment. Of a mill
tary storekeeper for the army.
At O'Clock the unfinished business. the
! bill 10 incorporate the international bank.
vas laid before the senate the pending
question being the amendment offered by
/ Pettus OF Alabama. limiting the rate Of
Interest 10 be charged by the bank 70 6
| per cent.
Mallory OF Florida offered as an adai-
'onal section an amendment AZ fellows:
That the powers, rights PRIVILEGES. OBJ
lgatlons and duties conferred and Imposed
{ uS tnis art shall not be exclusive bat
shall be conferred and imposed on any cit
izenS OF the United States similar In mum
Der 10 the persons named in the FIRST Sec
tsoH q this act who. for the usirp1se OF
Incorporating an international hank shgG
I take the steps and follow the nrocetli1re
prescribed ny THE acf To be taken and r0i-
Io"ed by the persons named In the first
section hereof for the purpose Of Inrornor-
atinE the said International America n
ssank. and sasa citizens of the United
| states s5sli have the right 10 adJpt sucn
corpora ton name an 10 them seems nes, ;.
Mallory said his amendment would pr4-
Veni 'ae proposed bank from being a mo-
nopcly nv
on behalf Of the committee. Foraker ac-
cepis1 the amendment
Ra"lins a Utah opposed the nil.
Fetfus withdrew the amendment he Of
Tered yesterday concerning the tr.eresf 70
," charged by the proposed bank. and o.
/ Tered IN Us stead the provision ~ the ua-
C2.'&I banking law relating 70 interest.
Foynker. on behalf Of the committee. ar
/ eepied TIE amendment, modified 50 mat
lhr oaHk Tnignt charge the usual interest
countries where the bank nav IA bus,.
ness
FsitUs Offered an amendment aIlrpinat-
.hg TIE provision enabling the proposed
bank 20 act as trustee IN the 5lS.4axf,loy, ~
S0FFfiin 9c1t, state or municipal bonds.
AZ A-@S p. IN. the b,ll vas lai8 aside, the
-aee went INTO executive session, aad
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