The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-06-18
Annexation C()NESUP
Senate Foreign Relations CON-
mittee is Favorable.
DEBATE BEGINS MONDAY
international Bank Bill Passed
26 to %.

Washington, June 1.-THE foreign rela-
| tons committee. through Mr.. Davis, the
! chairman, today reported favorably 70
the senate the Newlands resolution for
the annexation OF the Hawaiian Islands
Mr.. Davis announced his purpose o.
calling UP the resolutions tomorrow for
| consideration, but as the senate decided
later TO adjourn until Monday, the de-
| bate upon the resolutions will not be be-
| gun until that time. The bill TO incorpor-
ate the International American Bank IN
accordance with the recommendation OF
the Pan-American congress, which &C.
| cupied a greater part of the senate's time
| this week, was passed this afternoon by
a vote of 20 to q. The design OF the meas
ure is to furnish such banking and ex-
| change facilities as will promote trade
between the United States and the coun-
| tries OF Central and South America. The
| bill provides that the bank shall have a
capital stock Of $5,0Oo,O0O, and that The
capital stock may be increased TO SIS
| oO0, 000 The institution, in accordance
with the terms of the bill. shall be under
| the supervision of the comptroller of the
| currency. and in the charter Of the cor
poration, which the bill grants, certain
privileges are accorded to the incorpor-
ators in view Of the advantages which
are expected to accrue to those interested
| in trade with South America. The bill
provides that any coterie Of citizens who
comply with the requirements Of the
! charter may organize and do international
banking.
REPORT ON ANNEXATION.
Soon after the senate convened today
Mr. Davis reported the resolutions for
! the annexation of the Hawaiian islands.
| The resolutions were not amended. Mr..
| Davis gave notice that Immediately after
adjourning business tomorrow he would
move to consider the resolutions.
Mr.. White (CaL) indicated that he
would lead the opposition, by requesting
| Mr. Davis to repeat his statement. the
| California senator not having heard 1t.
After Mr.. Davis had repeated his an
nouncement Mr.. White resumed his seat,
evidently satisfied.
PENSION BUSINESS.
| Mr.. Gallinger IN. h, chairman Of the
| pensions committee, in connection with
adverse reports on certain bills. announc-
ed that the committee had adopted GER
! tain rules which would exclude many
bills. He called attention to one case
where an application was rejected by
the pension bureau, but by special act a
| pensionhad been adopted and had been
| increased three times. The pensioner was
an employe of the government at a salary
fNo
rules of the committee covered the case
and added that the rules would be OBJ
| served in every case.
A bill providin gfor the erection OF a
| government building in Seattle. Wash,
at a cost not exceeding s5OO,OOo was
| passed.
Mr.. Morgan (Ala.) offered resolution,
which was referred to the naval affairs
committee, extending the thanks OF con-
gress to Naval Constructor Hobson and
the volunteer crew of the Merrimac and
authorizing the transfer of Lieutenant
Hobson from the construction corps to the
line.
A bill was passed for the establishment
of a Hight and fog signal near Sabine
bank, Texas.
The conference report on the bankrupt
cy bill was presented and read, but no
action was taken.
Mr.. Hoar. in charge of the report, an
nounced his purpose to endeavor to Sc
cure action upon it during the present
session.
INTERNATIONAL BANK.
At 2 o'clock the bin incorporating the
International American bank was TAX
en- up.
Mr.. Turner Of Washington opposed the
bill on political and constitutional
grounds.
The amendments offered by Mr.. Pettus
! (Ala.) to strike out the provision en-
abling the bank to act 'as trustee in any
mortgage given to secure such bonds
| Government, state or municlpaD and to
countersign the same as trustee" was
| accepted by the committee and adopted.
The following was offered by Mr.. Tur-
ner of Washington as a substitute for
section o. and accepted by the committee
and adopted:
THE property. franchise and business
of the said corporation shall be subject
to be taxed by the states in which said
property shall be, or the said franchise
and business shall be exercised and con-
Quoted as fully and to the same extent
as said states may tax the property.
franchise and business OF domestic cor
porations. and the shares OF stock OF said
corporation. property situated in any
state for taxation. may be taxed in such
state to the same extent and in the same
manner as other personal property"
The bill was then passed. Is TO q.
At 4 D. m. the senate went into eKecu-
tive session and MI Jones (Ark) moved
that when the senate adjourn II be until
Monday. II was adopted