The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1898-05-20
The Committee on Finance Reports
the Measure to the Senate.
THE CHANGES MADE In THE BILL.
The senate Passed the Railway Arbitration
Bill-DisabiIities Removed from Rebels
Bill Passed by the House for
Coast Defense Vessels.

senate at four o'clock. The bill shows
that all the provisions in the house
bill for the issuance of bonds and
certificates of indebtedness were
stricken out, and Mr.. Allison, in re-
porting the measure, made a minority
report giving authority for the bond
issue. The amendment inserted at the
instance of the democrats for the issu-
ance of greenbacks is as follows:
That the secretary of the treasury is hereby
authorized and directed for the purpose OF
meeting and defraying the expenditures made
necessary by reason OF the existing war against
Spain, to prepare and issue, on the credit of the
United States OF America from time to time as
the same may be needed, during the next
fiscal year, United States legal tender
notes to the amount OF $50 100000 which
notes shall be of like denominations and of the
same legal tender quality and shall be payable
and redeemable and reasonable in the same
manner the s3i6,00000O Of such notes now
outstanding. as described and mentioned In the
act of congress OF May 1, 1873, said notes when
first issued to be expended only upon the war
account aforesaid and said notes shall be ex-
empt from taxation by or under state or munic-
ipal authority
The provision for the coinage of the
silver seigniorage is as follows:
That the secretary OF the treasury shall i'm
mcdiately cause 10 DE coined, az IaSJ anu as
soon as possible, into standard silver dollars,
which shall be OF like weight and hneness and
OF like legal tender quality as those provided
for under existing law, the silver bullion now
heldiu the treasury being the amount Of the
gain or seignorage derived from the purchase
OF silver bullion by the treasury under the act
OF July H. 1890, amounting to the sum OF t42-
90 900; said moneys so coined to be immedi
ately available for payment OF expenditures on
account Of the present war with Spain.
The secretary OF the treasury Is hereby au-
thorized to Immediately issue, in advance of
the coinage OF said seigniorage aforesaid, silver
certificates Of similar design and denomina-
tions and OF the same quantity, payable and
redeemable in like manner as those authorized
| by law in such sums "a may, from time to
| time. be needed for said war expenditures, not
exceeding in all the total amount OF said seign-
| forage so held In the treasury.
The provision inserted at the in
stance of the democratic members of
the committee and which had during
the consideration of the bill been
known as the corporation tax is much
broader in its scope. The house pro-
vision taxing tobacco on hand is
stricken out. There is reduction of
the tax of tobacco dealers, manufac-
turers, etc, whose annual sales fall
| below S., 600 to SO, from the house
rate which was Sl2, and tobacco ped
dlers are exempted from the operations
of the act. There are also similar re-
.ductions on the licenses of cigar manu-
facturers.
The republicans decided to make a
minority report recommending the re-
tention of the bond feature and also
the provision for time certificates, but
reducing the amount of the bonds and
changing the language of both provi'
sions. The report says:
That the secretary OF the treasury Is author
| lied to borrow from time to time, at rate oil
interest not exceeding three per cent per an
| mum. such sum, or sums, as In his judgment
| NAV be necessary to meet public expenditures
| and to issue therefor certificates of indebted
| ness in such form as he may prescribe and Ia
denominations of $50 or some multiple OF thai
sum; and each certificate so issued shall bt
payable with the interest accrued thereon al
such time not exceeding one year from the
date of its issue as the secretary Of the treas
ury may prescribe
CONGRESSIONAL PROCEEDINGS.
WAsHINGToN. May IS. After a pro
longed discussion the senate passed
the bill concerning cGrriers engaged
in interstate commerce and their EN-
ployes"-popularly known as the rail
way arbitration bill.
A bill was offered by Senator Stewar
that "all disabilities imposed by tn,
fourteenth amendment to the consti
tuition of the United States upon per
sons on account of having engaged il
instruction or rebellion against tn,
United States, and on account of hav
ing given aid or comfort to the enemie
thereof, are hereby removed 1t wa
, passed without debate.
The house passed II measure provid
ing for the organization of "A specia
line of coast defense vessels and tn
: enlistment of men adequate to maj
them. The senate bill to establish
volunteer signal corps was passe,
without amendment
y A resolution was passed calling upol
the secretary of war for information
. relative to the construction of n shi
i canal at Sabine Pass, Tex, and it
probable effect upon the depth of tn
/ harbor at that point.
= The house voted to insist upon il
! non concurrence in the senate amend
: ment to the bill providing for feedin
and arming the Cuban people and tn
speaker named as conferees Messr
Marsh, of Illinois; Griffin, of Wiscor
I; sin, and Cox, of Tennessee.
' |