The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-06-16
GOOD TIMES DUE TO TARIFF.
PRITCHARD POINTS OUT BENEFITS
OF WISE LEGISLATION.
Year VIII Reaca the Enormous
Total of $500, OO0.0OO In Favor of
America-Senate Amends flank niiI

WASHINGTON, June L-After passing
number OF pension bills and listening
10 carefully prepared speech on the ad-
Nantages of Republican tariff legislation
by Pritchard of North Carolina, the SEN
ate today resumed consideration OF the in
Iernationa. bank bill. An amendment was
accepted by the committee, extending the
privileges of the measure 10 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 thirty-two 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 to $50 a
month.
Cockrel, OF Missouri reported from the
military affairs committee a bill TO pro-
mote the administration of Justice in the
army. and asked for its immediate consid-
Grafton. The bill provides for the admin
isIration OF justice By a summary court
1t was passed..
Prtchard 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 or our country since the inaugu-
ration of Republican president and the
enactment OF protective tariff law directs
attention again TO the benefits which have
invariably followed from the administra-
ton of the government by the great party
OF Lincoln. Grant and Mckinley. Not In
prospects OF the United States been as
bright as they are Touay and for this
the. wise and patriotic legislation framed
and passed by the Republican party is re-
"A prediction made public by the bu
reau OF statistics recently might wei
have been received with amaZement and
inereduli'y by those who have not follow
ed 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 prodigious sum Of $500 00 000 seemed
Ike idle folly. Never before In the history
or the nation has the favorable trade ball
ance been ha-f that much: and yet the
prediction was we'll founded and unless
the law OF proha bilities fails the trade
' na,ance which ~ for th O.. ten months end
s6oe.s1,0o1 by June 80 The nearest APP
preach to this extraordinary record was
asst year YEA when the balance In our favor
1T is estimated for the fun fiscal year
the net amount Of coin received in partia.
settlement OF our huge merchandise balance
will be at least slda.oo0.ono This is more
than double any previous cash balance for
one year. the largest previous having been
Sii 653. 90 for the year Is79.''
A. the conclusion OF Pritchard's speech
endar was begun. Among those passed
were:
utes.
To authorize the appointment of A mill
tary siorekeeper for the army.
AZ O'Clock the unfinished business. the
bill 20 incorporate the international bank.
was laid before the senate. the pending
question being the amendment offered by
Pettus OF Alabama. limiting the rate az
Interest 20 be charged by the bank TO
per cent.
Mallory OF Florida offered as an aadl-
t'onai section an amendment as follows.
That the powers. rights privileges. oh
igdttcns and duties conferred and impOgef
y y tnIs az snail not he exclusive. but
liens Of the United States, similar In NAM
ntr 10 the persons named in the first sec
tsoa o. th;s act. who, for the purpose of
incorporating an International bank shall
take The steps and follow the procedure
prescribed by this act 10 be taken and fol-
owed BY the persons named In the first
st3ng the said International American
6aHk. ans sad citizens Of the Tinted
States shall have the right 70 ad1nt <1tca
corporation name an 20 them seems best
Mallory said his amendment would pre-
vent the proposed bank from being mo
nopoly
on behalf Of the committee. Foraker ac-
cepte1 Tie amendment
Raw!lns Of Utah opposed the bill.
Ps'fus withdrew the amendment he Of.
fered yesterday concerning the interest 70
o charged BY the proposed bank. and Of
fered tn its stead the provision IA she ma
I1iaaI banking law relating 70 interest
FORAKER, en- behalf % the committee. ac-
fepfed the amendment. modified so that
ne bank might charge the usual interest
cha fE"d IN the state or gates country or
countries where the bank may do bust
ness
Fet.ua offered an amendment ellulinat-
'Gg me provision ena bling tha rrop1sea
oank TO act as trustee IN the disposition Of
government, state or municipal bonds
Al a,@' .. n. the ball waS laid aside tho
senate went into executive session. and
sooa afierwaEd adjourned