The herald., 1898-12-17
AMERICAN BANK BILL
Is CAREFULLY SAT UPON BY THE
HOUSE
UNITED STATES REVENUE LAW
Formally Extended Over Hawaiian
Islands, That the Nations Rev
enue May Be Protected
Associated Press Special Wire

WASHINGTON, Dec. l6.-The bill to in
corporate the international American bank
was buried by an overwhelming adverse ma
jority of the house today. The debate upon
the measure, which opened yesterday, was
concluded today at o'clock. Mr.. Dngley,
the floor leader of the majority, made an
argument in its support. The vote by which
noes.
Mr.. Bell (Populst) of Colorado opposed
the measure. He took the ground that it
was both unconstitutional and against good
public policy.
Mr.. Sulzer (Democrat) of New York also
antagonzed the bill, claiming that 1t would
create a gigantic monopoly which would,
in time, regulate interest and exchange
rates.
Mr.. Barrett Republican, Of Massaehu.
setts offered an amendment which provided
that the powers granted under the bill
should be conferred on any national bank
which filed an application with the Comp
troller of the Currency in conformity with
the general requirements of the bill.
Mr.. Ridgley Populist) of Kansas offered
a substitute providing that the United
States should establish such bank as the
bill created and that the bank should have
a bank 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 banks representative.
The committee amendments were adopted.
An amendment to reduce the capital stock
of any international bank authorized under
the provision extending the privilege of the
bill to others than those named in the bill
from So. 900 to $500,000 was defeated, l0e
to l07
Mr.. Hill, Republican of Connecticut; in
charge of the measure, closed the debate.
He concluded with "a glowing appeal to the
house to pass the bill in the Interest OF
American commerce and American indus
tries.
An amendment offered by Mr. Crum-
pacher Republican of Indiana. providing
that the property of the international bank
should be taxed the same as the property Of
national banks, was adopted.
The Barrett and Tawney amendments
were defeated. as was the Riddly subsSi
The vote on the final passage OF the bill
was taken by ayes and nays The vote re-
suited in the defeat Of the bill, ayes lO3,
nays 14S.
The senate amendments to the army and
navy deficiency bill were non-coneurred in
and the bill sent to conference. Messrs.
Cannon, Barney and Sayers were appointed
cCnfcrees.
Mr.. Dingey then called up the bill unani-
mously reported by the ways and means
committee yesterday to extend the customs
and internal revenue laws over the Ha-
waiian islands. Mr.. Dingley explained the
necessity for the immediate passage of the
act in order to protect the revenues of the
United States.
Mr.. Bailey, Democrat OF Texas, said his
own idea was that the customs and revenue
laws of the United States were extended
over the Hawaiian islands when they were
annexed. But the annexatinon act speci-
fically declared not. He thought the dec
laration in that act was unconstitutional.
As this bill simply sought to 60 what he be-
lieved had in fact been done by the annexa-
ton act, it was proper that it should pass
and pass promptly.
Mr.. McRae, Democrat of Texas. offered
an amendment designed to extend all the
general laws of the United States over the
islands He said there were other laws in
Hawaii which should be abrogaled besides
the customs and revenue laws Among
them were the labor and land laws The
amendment was ruled out on point of or
der.
Mr.. Moody, Republican of Massachusetts,
offered an amendment to extend the laws
of the United States relating to appoint
ments in the customs and revenue service
over the islands.
The bill was passed without division.
The house then, at APO i. m., adjourned
until tomorrow.