The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1898-04-30

= Mr.. Walker, Republican of Massachu.
setts, offered as an amenuInen6 70 tne
ORIGINAL section a proposition to change
the terms of the bonds so as to make
them redeemable one year after the date
of their issue and payable after three
years and upon the expiration OF seven
years or due on a certain day WITHIN three
years RS the secretary OF the treasury
might elect. 14,-,.
Mr.. Berry, Democrat OF henSuchy
called attention to the remarkable colnol-
dence that by this bill it was proposeu 70
issue S5oO,0O0,0O0 the amount Whi ~.
Secretary Gage had recommended ior eno
purpose of rsdeeming the greenpacks'
There was no necessity for suon an
enormous loan. The fortifcatlons o.
Matanzas had been reduced IN tnlr9y
Two hours and the war would DC az an
END. The seriousness of the sltuabloh was
thoroughly exaggerated.
Mr. Dlngley replying to- Mr.. walker,
SAID that II we had not $500, ,OUo bonus
uue IN SIX or seven years the suggestion
20 make the bonds provided for IN Ihe
| pili, snort term bonds would have lorce.
These bonds which were to fall due,
carried tour and five per cent interest ana
every expert consulted had been OF the
opinion that the new three per cent issue
should be 10-2Gs.
| VT. Waiker S amendment was losG WILL
out division.
Many five minute speeches on the in
come tax amendment followed. Mr..
Braun, Republican of Pennsylvania, in
| the course of his remarks advocated an
Issue OF $780, 600 of greenbacks. Mr..
Cummings, Democrat of New YORK,
aroused considerable enthusiasm on the
Republican side by announcing his pnr-
pose to support the bond proposition be-
| Caus0 if WAS fO 10 q DonuIap loan
Mr. Bland gave notice of substitute
for the section authorizing bond issue.
providing for an issue of $3.50, 0OO 000
treasury notes.
Mr.. Dandy, Democrat of Delaware,
offered an amendment which was voted
down, to reduce the bond authorization
from five to one hundred million. On
Mr.. Dingley' motion the lowest denoml-
nation of bonds to be issued under the
| section was reduced from $50 to $26.
MIR. McMillin moved to recommit the
bill with instructions to strike out the
bond provision and insert in lieu thereof,
the income tax provision, but withdrew
the motion and allowed Mr.. Bailey to
| modify the motion SO as to instruct the
committee to add the income tax pro-
vision as an amendment to the bill, the
bond feature being retained. The motion
was defeated 124-173.
A motion by Mr.. Lewis, Democrat of
|
able specifically in gold or silver coin at
| the option of the government, was de-
te ated 106-136.
| Another by Mr.. Shafroth to make the
bonds redeemable one-half in gold and
one-half in silver net similar fate.
Several other propositions of the same
tenor were voted down.
The vote was then taken upon the Nc.
Millin income tax substitute and 1t was
defeated 123-l45
Mr.. Bland, Democrat Of Missouri,
offered as a substitute provision to issue
S150, 100000 notes 1t was lost 106.l47,
Mr.. Brumm, Republican Of Pennsyl-
vania, voted with the Democrats on this
proposition and Messrs. Mcclellan, Demo
orat of New York, and Handy, Democrat
of Delaware, with the Republicans
Mr.. Lanham, Democrat of Texas,
moved to strike out the bond section.
The motion was lost l03-13l.
Messrs. Mcclellan Griggs and Cum
mings, Democrats, voted with the Repub-
lioans.
| Mr.. Robinson. Democrat Of Louisiana,
offered another of the amendments pre-
pared by the minority from the ways
and means committee. It provided for
the coinage of the silver seigniorage. 1t
was ruled ont on point OF order.
AT four o'clock the bill, under the order
was reported to the House. AS Chairman
Dinglsy had bad no opportunity to offer
the amendments agreed upon by the ma
! jority of tho ways and means committee,
| he offered as p substitute bill contain
| ing these amendments, There was some
| question as to the regularity of this pro-
ceedina, but the Speaker held that it was
| in order.
| There were many protests from the
Democratic side against this parliament
| tary move, and MIR. Bland insisted upon
| the reading of the substitute in full The
reading occupied almost an hour Mr.
Dingley briefly explained the committee
amendments which were enumerated in
! these dispatches last night. and then de-
manded the previous question. The sub
| stitute was then adopted without division
! The motion to recommir was defeated
| 1874 to 173. The Democrats, Populists and
| four Republicans, Messrs Bartholdt of
| Missouri, Cromwell of Ohio, johnson of
Indiana. and White of Illinois, voted for
the motion.
| The vote was then taken on the final
passage of the bill, and it was passed 1871
| to 49,.
Mr.. Boutelle, Republican of Maine,
charm an of the committee on naval
affairs, reported the conference report on
| TIL naval bill.
Mr. Cannon, Republican Of Illinois,
made the point of order that the oonferees
| had exceeded their jurisdiction in that
| they had added over $500, 0GO above the
| differences between the two houses and
had also added provisions which were not
| in conference With the point of order
pending he moved an adjournment,
| which was carried.
|