The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1898-12-16
PEssIcS BEL
I Passed by the House Almost
without Debate.

Washington, Dec, i5-The house to-
day surpassed all previous decords IN
the expedition with which it passed
the pension appropriation bill. This
bin, in days gone by has been one OF
the most fruitful themes OF acrimoni-
GUS partisan debate but today. al
though carrying $4,000. 600 more for the
bin than the act for the current year.
liz was passed In twenty minutes with
out q word OF criticism The house
then entered upon the consideration
Of the bin to incorporate the Internal
ionai American bank This project
was recommended by the -Amer!-
can congress in 1889 An arrangement
was effected for vote upon the pass
age Of the bill at o'clock tomorrow
Under the special order Mir Hin.
Uep, Conn.) then called mp the bill
'to carry into effect the recommenda-
tions of the International American
conference by the Incorporation of the
international American bank" and it
was taken up after the chair had over
ruled point of order raised by MI
Bailey Of Texas. that Mr. Hin had no
authority to call up the bill
Mr.. Brosius, CDem.. Pa) opened
the debate i'm its favor. The bill, he
said. was the outgrowth Of the Pan
American congress held in Washington
in 1889. The development of trade be-
tween the United States ~and South
and Central America was handicapped
by the lack OF adequate facilities for
exchange. The business transacted be-
TWEEN this country and those to the
south OF us had aggregated more than
three billion dollars since the recon
mendation Of the Pan-American con-
gress was made.
Practically all OF IL has been carried
on by drafts at London at the cost or
q to l cent Tor exchange. This Amer
lean trade should be controlled by
Americans.
Mr.. Cox De.n., Tenn.,) the ranking
minority member Of the banking ana
currency committee, opposed the bin,
taking the ground that the bill con-
templater the creation Of gigantic
monopolistlc banking corporation Con-
gress, he argued. had no power to
charter a corporation. to do business
beyond the limits Of the United States
Mr.. Walker Rep.. Mass.,) chairman
of the banking and currency commit
tee. supported the bill. arguing that
the establishment Of the international
bank would reduce the price OF ex-
change. If exchange was purchased on
New York instead Of London. it would
be to the interest OF New York mer-
chants TO make exchange as low az
possible.
Mr.. jenkins Rep Wis., opposed the
bin, claiming that congress had no
power to create such a bank as Il con-
templated
At the conclusion OF Mr.. jenkins rs
marks, it was agreed that a vote upon
the bill and pending amendments
should be taken at three o'clock to-
morrow.
Mr. Adams (rep, Pa.) earnestly
supported the bill While minister to
Brazil under the Harrison administra-
ton, he said he had become convinced
that our South America trade was SER
iously hampered with the embarrass-
ments incident to exchange. At that
time North and South America paid
millions as tribute TO London for ex-
change.
During the debate she Indian op-
preparation bill was presented.
After some further remarks by
Messrs. Griggs, dem. N. V. and Bart.
lett. dem, Ca. In opposition 20 the
bill and Mr. Lacey rep, Iowa In favor
Of the bill. the house at 9. p m. ad.
iourned until tomorrow