The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-12-17
KILLED N IHE HOUSE
International Bank Bill Dies,
103--104.
HAWAIIAN REVENUE BILL
To Head Off ShreWd Import
erS Is a Winner.

Washington, D. c., Dec. 16.-The bill L
incorporate the international American
bank was buried under an overwhelming
adverse majority of the house today. TIL
debate upon the measure, which opene'
yesterday, was concluded today at
O'clock Mr.. Dingley the floor leader o
the majority, made an argument in l.!
support. The other speakers today wer'
Hill of Connecticut, in its support, and
sIessrs Bell (Pop.) of Colorado, suizel
tDen.) of New York, Maxwell Pop) o.
Nebraska, Maddox Dem) Of Georgia and
Swanson Dem of Virginia. in opposition
The vote by which the bill was defeated
stood 100 ayes to 14S noes. The bill to ex-
tend the customs and revenue laws of the
United States over the Hawaiian islands
was passed without opposition. The bill
Mr.. Dingley explained, carried with it the
civil service laws relating TO appointments
In the customs and revenue service IL
Hawaii.
Some miscellaneous business, including
TIE passage of several minor private bills
was disposed Of at the opening of the ses-
sion.
INTERNATIONAL BANK BILL.
The debate upon the bill to incorporate
the International American bank was then
Resumed.
Mr.. Bell Pop) of Colorado opposed the
measure, taking the ground that IT was
both unconstitutional and against good
public policy.
Mr.. Sulzer Oem.) of New York also an
fagonized the bill claiming that 1t would
create gigantic monopoly which would in
time regulate interest and exchange rates.
Mr.. Barrett CRep. )of Massachusetts Of
fered an amendment which provided that
the powers granted under the bill should
be conferred on any national bank which
fled an application with the comptroller
o. the currency in conformity with the
general requirements of the bill
Mr.. Ridgeley (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 a
branch in every city or town exceeding in
population $500, and in every Central and
South American country where the United
States had a consular officer. such officer
90 be the banks representative.
Mr.. Newlands (Silver) of Nevada said
he was in general sympathy with the pur-
pose Of the bill, although he believed that
trade development with our South Ameri-
can neighbors depended more on facility
OF transportation than facility Of eX-
change.
Mr.. Tawney CRep) of Minnesota gave
notice OF an amendment he should offer
empowering the directors to establish eight
branch officers in the United States.
Mr.. Dingley the floor leader of the ma
tority. said he had not had an opportunity
20 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
attended the South American delegates all
recounted the difficulties attending trade
with the United States on accom- of the
fact that merchants in their countries were
obliged to buy London exchange at a cost
of about ! per cent premium. The unani-
nous opinion expressed at that session
was that the establishment OF an interna-
tional bank in New York was necessary to
develop trade between North and South
America.
Mr.. Maddox Oem.) of Georgia. in oppos-
ing 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 an international bank authorized
under the provision extending the privi-
lege of the bill to others than those named
in the bill from $4,000 TO $500 600. was de-
feated-105 10 107.
After some further remarks by Messrs
Maxwell CUop. )of Nebraska and Swanson
(Dem-) Of Virginia in opposition to the bill.
Mr.. Hill CRep) of Connecticut. in charge
OF the measure. closed the debate He
argued that present facilities of exchange
were totally inadequate and quoted
statement of our minister to Brazil that
our trade with that ountry 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 Mr.. Crum-
packer tRep) Of Indiana, providing that
the property of the information bank
should be taxed the same as the property
ofnational banks. was adopted.
The Barrett and Tawney amendments
were defeated. as was the Ridgeley substi-
tute
The vote on the final passage OF the bill
was taken by ayes and noes.
The vite resulted in the defeat OF the
bill Ayes, l03; noes, l4S.
The senate amendments to the army and
navy deficiency bin were non-coneurred in
and the bin sent to conference. Messrs.
Cannon, Barney and Sayers were appoint
ed couferees
HAWIIAN CUSTOMS.
Mr.. Dingley then called up the bin unan-
imoosly reported by the ways and means
committee yesterday 10 extend the Gus
IONS and internal revenue laws over the
Hawaiian islands. Mr. Dingley explained
the necessity for the immediate passage OF
the act. in order to protect the revenues Of
the United States.
NJ. Bailey Dem. )of Texas said that
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 annexation
act specifically declared not He thought
the declaration in that act was uncons,i-
tuuonS2 As This bill simply sought 10 do
what he believed had IN fact been done bv
the act Of annexation. i was proper that
IL should pass, and pass promptly
Mr. McMiiiin DEM Of Tennessee used