The Portland daily press., 1898-06-17
VOTE ON BANK BILL TO-DAY.
Senate Devoted Yesterday to Discussion of
Measure.

Washington, June 16.-At 1910 P. M,
the message clerk of the House of Repre-
sentatives delivered to the Senate the
hawaiian annexation resolution passed
oy the House last evening. At the sug-
gestion of Mr.. Davis the resolution was
laid before the Senate and was then re-
ferred to the committee on foreign rela-
tions.
A bill to authorize the Missouri, Kan
sas and Pacific Railroad company to re-
store the channel of the south Canadian
river at the point of roads crossing Id
Indian territory was favorably reported
and passed.
Bills were passed as follows: To extend
the time for the construction of the rail
way of the st. Louis, Oklahoma and
Southern Railroad company through
Indian and Oklahoma territories; to ex
tend the time for the construction of the
railway of the Chicago. Rock Island and
Pacific Railroad company through Indian
territory; to grant lands to the State of
Alabama, for the use of the Agricultural
and Mocha niosl College of Alabama for
negroes, and the state normal college at
Florence, Ala. to appropriate S97, 900 for
work done on ironclads by William r.
Ready and Son and Archibald, and ap-
propriating 1000 for royalties on rit1es
projectiles, etc., to be paid to DR.. John
B. Reed.
At one O'Clock the bill for the restric
ton of annuities to the Sisseton and
Wahpeton bands of Sioux Indians was
laid before the Senate.
Payment OF the ann nuities was stopped
by Congress in 1868 ON account of the
Sioux massacre in Minnesota. By the
terms of the bill the annuities are restored
un6il 1909, when the treaty will tsrmi-
nate; but no Indian who participated in
the Minnesota massacre and no descend
ant Of such Indian shall receive any part
of the money.
Mr.. Allison, Republican of Iowa,
strongly opposed the bill.
AT two o'clock, the Indian bill gave
national American bank.
Mr.. Daniel Of Virginia, offered an
| amendment to strike out the entire
seventh section of the bill which confers
power ON the bank to act as the financial
agent of any nation, state, municipality,
corporation, or person, ana TO act as trus-
tee of any such. He then entered upon
general discussion Of the measure.
1t created not only an international
bank, but also an international brokerage.
1t had no association with the govern
ment, except insofar as it is given the
security and benefit of the government s
name and authority.
lit is not" said Mr. Daniel, "a regula-
tlon of commerce SO far as the terms of
the bill disclose and the bank is not to
be designated as a regulator of commerce.
The facts it is mere private corpora
tion for commercial adventure for Specu-
lation for brokerage.
Mr.. Daniel continued to discuss the
measure at length asserting it as his
opinion that it would if enacted be de-
clared unconstitutional by the Supreme
court.
''If we go to foreign Countries" said
Mr. Daniel, without army or with the
grand spirit of our navy we want to go
with our flag of hope and not to practice
the art of usury.
Mr. Caffery of Louisiana delivered an
extended reply to the legal and constitu-
tional objections raised by Mr.. Daniel to
the pending bill. To some of the legal
and constitutional points, made against
the bill Mr.. Foraker of Ohio in charge of
the measure replied introducing numer-
GUS authorities in support of his position.
The vote upon Mr.. Daniels amendment
to strike out the seventh section of the
bill was then taken the amendment being
rejected 2S to II.
Mr.. Teller of Colorado, briefly discussed
the bill maintaining that the proposed
bank was unnecessary and was an enter
prise with which the United States gov
ernment ought to have nothing to do.
Mr.. SewalI of New Jersey, said the
establishment of the proposed bank would
certainly encourage trade with South
American countries. 1t would be one of
the factors upon the part Of this country
looking to the development of our South
ern trade.
He was satisfied that the steamship
lines would follow the incorporation Of
the bank. As business man he heartily
commended the measure.
At 4.44 p. m., the bill was laid aside.
the Senate went into executive session,
and at B. Is p. M, adjourned