The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1898-02-16
KANSAS PACIFIC
RAILWAY SALE.
CONTINUED from First Page.s


had much broader scope than APP
peared at first. 1t related to the entire
coastwise trade of the United States.
He believed that this trade belonged to
the United States. Our shipping laws
were all antiquated, but there should
be a general revision, not special laws.
Special laws. in his opinion, simply
fostered the shipping trust. AS long
as American owners We're unable 10
place the American flag over a foreign
built vessel he was opposed to such
bills as the pending measure.
Dingley said the pending bill was de-
signed to carry out the traditional pol
icy of the Government of reserv-
ing our coastwise carrying trade to
American vessels.
The bill was passed without divis-
ion.
The committees were then called.
Updegraff of Iowa, from the Com
mittee on Judiciary, called up a bill to
amend the Act of 1887 relating to the
fees of United States officers, SO as to
correct some existing abuses, and it
was passed.
Cox CD of Pennsylvania, from the
Committee on Banking and Currency.
called up a bill to better control and
promote the safety of national banks. !"
The bill provided that no national bank
shall make a loan to the President or
any other officer or employee of the bank
until such officer or employe had sub
mitted the proposition for the loan in
writing to the directors, and it had
been approved by a majority of them.
and in no case shall the loan exceed the
amount permitted by law. The report
of the Controller, Cox said, showed that
80 per cent. of the failures of national
banks were due to the absorption of the
banks funds by its officers. A similar
bill had twice passed the House, and
had once passed the Senate with an
amendment.
Considerable discussion arose over the
committee amendment striking out
the word directors The directors.
as well as the officers, We're subject to
the restrictions Of the measure in it's
original FORM but the committee rec
commended that directors be stricken
out.
Johnson (R.) of Indiana, Cox, Fitz-
gerald Cd of Massachusetts and 9TH
ers thought the directors of bank in
regard to loans and overdrafts should
be on the same footing with officers.
The word directors" was retained in
the bill, and it was passed-65 to %.
A bill presented by the Committee on
Merchant Marine and Fisheries was
passed amending the law relating to
the licensing of mates on ocean and
river steamers.
Loud (R) of California, from the
Committee on Postoffice and Post
Roads, called up the bill to make it law
full to transmit through the mails
private postal cards with a one-cent
stamp affixed. The bill was passed.
Loud then stated that it was very
important that the House should act
on the bill relating to a division of the
law relating to Second-clasS mail mat
ter, as the Postoffice appropriation bill
was being held up pending the decis-
ion of the House on that measure. He
asked that March 1st and I'd be devot-
ed to its consideration.
Williams CD of Mississippi suggest
ed that the debate be extended until
March Sd.
The suggestion was accepted, and the
order was entered.
Loud then called up a bill reported by
his committee, requiring prepayment of
postage on all first-class mail matter,
but after a brief debate it was recon-
mitted
DalZen (R.) of Pennsylvania asked
for a modification of the order for the
consideration Of the bankruptcy bill
(Which begins tomorrow. by which
the final vote should be taken on Sat
urday instead of Monday as original
ly arranged, with the understanding
that Monday shall be private bill day.
bill was passed empowering Reg
listers and Receivers of General Land
Offices to issue subpenas and compel
attendance.
bill was passed repeating the stat
ute requiring affirmative proof Of 10y
atty by the holders of bounty or land
warrants.
AT o'clock the House adjourned.