The age-herald., 1898-12-17
BURIED UNDER
 ADVERSE MAJORITY Bill to Incorporate International Amerl-
 can Bank Vas Defeated. INTERNAL REVENUE LAWS 0f fha unifad Cfafac RYfandad fo fha
Of the United States Extended to the
 HiWaiian Islands.
CONGRESSMAN RIxeY's MEASURE
Proposes to Admit Needy Confederate Soldiers and Sailors to All Insti- tutious for Federal Survivors
 Upon the Same Terms.

Washington, December 16.-The bill to in was buried under an overwhelming adverse majority of the house today. The bill to extend customs and internal revenue laws of the United States over the Hawaiian Islands was passed without opposition.
 Some miscellaneous business, including the passage of several minor bills, was dis posed of at the opening of the session of the house. The debate upon the bill to in- corporate the International bank was then resumed. MT Hell, (pop) of Colorado. op- posed the measure.
 He took the ground that it was both un- constitutional and against good public poll icy.
 MT. Sulzer, (Dem.) of New York, also an- tagonized the bill, claiming that it would create a gigantic monopoly which would in time regulate interest and exchange rates.
 Barretts Amendment
 MT. Barrett, Rep.) of Massachusetts, of fered an amendment which provided that the pOWerS BTdIlteu unutEiue Dll SIOuiQ DS conferred upon any national bank which filed an application with the comptroller of the currency in conformity with the general requirements of the bill
 MT. Ridgely, (Pop.) of Kansas, offered a substitute providing that the United States should establish such a bank as the bill created and that the bank should have I1xox, !, t,, aff fx, population 25O0, and in every Central and South American country where the United States had a consular officer such officer to be the banks representative.
 MT. Dingley, the floor leader of the ma jority said he had not had an opportunity to examine the details of this bill but he desired to present certain facts in support of the general proposition. At a session of the Pan-American congress which he att tended the South American delegates all recounted the difficulties attending trade with the United States on account of the fact that merchants were obliged to buy London exchange. The unanimous opinion expressed was that the establishment of an international American bank in New York was necessary to develop trade between North and South America.
 Would Create Money Trust
 MT. Maddox, democrat. of Georgia, in op- posing the bill said it would create a money trust in all the large cities which would crush all smaller institutions.
 The committee amendments were adopted An amendent to reduce the capital stock of any bank authorized under the provision extending the privilege to others than those named in the bill, from s50O.OOo to s5,OOo,oOO was defeated-106 to 107.
 MT. Hill, republican, of Connecticut, in charge of the bill closed the debate. He concluded with glowing appeal to pass the bill in the interest of commerce and American industries. The vote on the final passage resulted, yeas 1O3, noes 14s
 The senate amendments to the army and navy deficiency bill were non-concurred in and the bill sent to conference.
 MT. Dingley then called up the bill extend- ing the customs and internal revenue laws over the Hawaiian islands. MT. Dingley ex- plained the necessity for the immediate pas sage of the act in order to protect the