The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-12-17

Washington, Dec. 16.-The bill to in
corporate the International American
bank was buried by an overwhelmin-
adverse majority of the house today.
The debate upon the measure, which
opened yesterday, was concluded today
at o'clock. Mr. Dingley, the floor
leader of the majority, made an arsu-
ment in it's support The other. speak
ers today were Hill of Connecticut in
it's support, and Messrs. Bell CPop..
Colo.), Sulzer Dem, n. ", Maxwell
(Pop., Neb.), Maddox (Dem., Ga.), and
Swanson Dem, Va.), in opposition.
The vote by which the bill was de-
feated stood 103 ayes to 14S noes.
The bill to extend the customs and
revenue laws of the United States over
the Hawaiian islands was passed with
out opposition. The bill, Mr.. Dingley
explained, carried with it the civil ser
vice laws relating to appointments in
the customs and revenue service in
Hawaii.
Some miscellaneous business, includ-
ing the passage of several minor pri-
vate bills, was disposed of at the open
ing of the session. The debate upon the
bill to incorporate the International
American bank was then resumed. Mr..
Bell (Pop., Colo.), opposed the measure
He took the ground that it was both
unconstitutional and against good pub
lie policy.
Mr.. Sulzer Dem., N. V, also an
tagonized the bill, claiming that it
would create a gigantic monopoly
which would in time regulate interest
and exchange rates
Mr.. Dingley, the floor leader of the
majority, said he had not had an OPP
portunity to examine the details of this
bill, but he desired to present certain
facts in support of the general prOpo-
sition- At a session of the Pan-Ameri-
can congress which he attended, the
South American delegates all recounted
the difficulties attending the trade with
the United States on account of the
fact that merchants in their countries
were obliged to buy London exchange,
at a cost of about 1 per cent premium.
The unanimous opinion expressed at
that session was that the establishment
of an international bank was necessary
to develop trade between North and
South America.
Mr.. Maddox Dem, Cal, in opposing
the bill, said it would create a money
trust in all the large cities, which
would crush out all smaller institu-
lions.
After some further remarks by
Messrs Maxwell pop, Neb.) and Swan
son (Dem., Va-) in oppos ton to the bill.
MIR. Hill (Rep., Conn.,, in charge of tke
measure, closed the debate. He ar
gued that present facilities of exchange
were totally inadequate and quoted a
statement of Or minister to Brazil
that our trade with that country SUI
fered an annual tribute of 81 900, 0G0. He
concluded with a glowing appeal to the
house to pass the bill in the interest of
American commerce and American in
dustries.
The vote on the final passage of the
bill was taken by ayes and noes. The
vote resulted in the defeat of the bill,
ayes 103, noes 14S.
The senate amendments to the army
and navy deficiency bill We're non-cCn-
CURED in and the bill sent to confer
ence.
Mr.. Dingley then called up the bill
Unanimously reported by the ways and
means committee yesterday to extend
the customs and internal revenue laws
over the Hawaiian islands. Mr.. Ding
ley explained the necessity for the i'm
mediate passage of the act in order to
protect the revenues of the United
States.
Mr.. McMillin (Dem., TENN. used the
bill as a text for some remarks upon
the Dingley revenue law, III which he
claimed that the revenue provided by it
was insufficient to meet the expenses
of the government.
Mr.. Moody (Rep., Mass.), offered an
amendment to extend the laws Of the
United States relating to appointments
in the customs and revenue service over
the islands.
Mr.. Livingston Dem, Ga.), wanted 70
know if the amendment was designed
to introduce the civil service into
Hawaii.
Mr.. Moody agreed that it was, but
upon the representation of Mr.. Dingley
that the bill as drawn accomplished all
the amendment was intended to ac-
complish he withdrew it.
The bill was passed without divis on
|, The house then, at APO p. m, ad-
journed until tomorrow.