The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-12-17
BANK BILL IS VOTED DOWN.
HOUSE DECLINES TO CHARTER THE
INTERNATIONAL AMERICAN.
ity-TAe Diu Extendfng Customs
Laws Over Hawaii Passes House
without Meeting OpDostti0n.

corporate the lnleF0Asf0ndl American pAuA
was buried by an overwhelming adverse
majority OF the house today. The debate
upon the measure which opened yesterday
was concluded today at . o'clock Mr..
Dingley. the door leader OF the majority.
made an argument in its support Tbs
ether speakers today were Hin of Con-
necticut in it, support and Messrs Bell.
Pop, Of Colorado. Salzes. Dsm-. OF New
York, Maxwell, Pop. OF Nebraska: Mad
dox. Dem. OF Georgia. and Swanson.
Dem. Of Virginia. in opposition. The vote
by which the bill was defeated stood los
yeas to l4S nays. Tho bill to extend the
customs and revenue lave OF the United
States over the Hawaiian islands was pass
ed without opposition. The bill, Mr.. Ding
ley explained. carried with it the civil serv-
ice laws relating to appointments In the
customs and revenue service in Hawaii.
Some miscellaneous business, including
the passage Of several minor private bills,
was disposed OF at the opening OF the ses-
sion. The debate upon the bill to incor-
porate the International American bank
was then resumed.
Bell. Pop. OF Colorado. opposed the
measure. He took the ground that II was
both unconstitutional and against good
public policy.
Sulzer, Dem, OF New York also antago-
mixed the bill. claiming 1t would create .
gigantic monopoly, which would In time
regulate interest and exchange rates.
Barrett, Rep, Of Massachusetts, offered
An amendment which provided that pow
ers granted under the bill should be con-
application with the comptroller Of the
currency In conformity with the general
requirements Of the bill.
RidSely, Po., OF Kansas offered q sub
stitute providing that the United States
should establish such q bank as the bill
created. and that the bank should have
branch In every city and town exceeding
In population $500. and in every Central
and South American country where the
United States had consular officer, such
officer to be the bank representative
Newlands said he was In general SYM
pathy with the purpose OF the bill, al
though he believed that trade development
with OF. South American neighbors de-
pended more on facility Of TRANSPORTATION
than on facility Of exchange.
Tawney gave notice Of an amendment he
should offer. empowering the directors to
establish eight branch ofi1ces in the United
States.
Dngley, the floor leader OF the majority,
said he had not had an opportunity to ex-
anime the details OF this bill, hut he dA-
sired to present certain facts in support OF
the general proposition. At a session Of the.
Pan-Amer!can congress which no attended.
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 cost
OF about per cent. premium. The unan-
fmous opinion expressed at that session
was that the establishment Of an interna-
tional bank was necessary to develop trade
between North and South America.
Maddox, in opposing the bill. said It
would create money trust in all the large
cities. which would crush out all smaller
institutions
The committee amendments were adopt
ed. An amendment to reduce the capital
stock OF any international bank authorized
under the provisions extending the privi-
lege Of the bank to others than those named
in the bill from s.. 00o 900 to $500 900 was de-
feated. log to 107.
After some further remarks by Maxwell
and Swanson In opposition to the bill. Hill.
in charge Of the measure, closed the debate.
He argued that present facilities OF ex-
change were totally inadequate, and quoted
a statement OF our minister to Brazil that
our trade with that country suffered an
annual tribute Of 100000. He concluded
with glowing appeal TO the house to pass
the bill in the interest Of American COM
merce and American industries.
An amendment offered by Crumpacker,
providing that the property OF the inter-
national bank should be taxed the same as
the property Of national banks, was
adopted.
The Barrett. ana Tawney amendments
were defeated, as was the Ridgley SUBJ
st!tute.
The vote on the final passage of the bill
was taken by yeas and nays. The vote re-
suited in the defeat OF the b!li-yeas los,
nays 14S
The senate amendments to the army and
navy deficiency bill were ncn-concurredS In
and the bill sent TO conference Msssrs.
Cannon, Barney and SayerS were appoint
ed conferees.
D!ng,ey then called up the bill. unani-
mousiy reported by the ways and means
committee yesterday, to extend the GUS
toms and internal revenue laws over the
Hawaiian islnads. Dingley explained the
necessity for the immediate passage OF the
act in order TO protect the revenues Of tho
United States.
Bailey said that his own idea was that
the customs and revenue laws Of the United
States we're extended over the Hawaiian
islands when they were annexed. But the
annexation act specifically declared not
He thought the declaration In that act
was unconstitutional. AS this hill simply
sought to do what ha believed had in fact
been done by the act OF annexation, it was
proper that II should pass and pass prompt
ly.
McMsliin used the bill as a text for some
remarks upon the Dngley revenue law, in
which he claimed the revenue provided by
IL was insufficient 10 meet the expenses
OF the government.
McRae offered an amendment designed 10
extend all the general laws OF the United
States over the islands. He said there were
other laws IN Hawaii which should be alb
rogated. besides the customs and revenue
Jaws. Among them were the labor and the
land laws.
Diagley begged MeRae not TO compIicate
the question involved In the bill
The committee on territories was now
considering the subject OF the general laws
OF the United States over the Hawaiian
islands, The amendment was ruled out on
Il point Of order.
Moody offered an amendment TO extend
the laws q the United States relating to
appointments in customs and revenue serv-
ice over the ;sian1s.
Livingston wanted 10 know II the amend
rnsnt was designated 10 introduce the civil
service into Hawaii.
Moody agreed thai Il was. but upon the
representation OF Dins.sy that the biz as
As fgz-a -