The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-18
BANK.
l Senate Passed the Bill to In
1 corporate 1t.
|,,r,I. STOCK OF BANK Ss,OOO,O0O.
|. NAY Be Increased Later On to
$25,OOO,OOO.
!, xEWLANDS RESOLUTION.
,,r.I STOCK OF BANK Ss,OOO,OOO.
|, SrWLANDS RESOLUTION.
vo,eien Relations Committee
a. II FayOrab1y, hut Con-
.,seration Was Postponed.

.,,s4on. June 17.--The foreign re-
committee. through Mr.. Davis, the
,.nou reported favorably to the senate
x.vlands resolution for the annexation
~ Hawaiian Islands.
!, Davis announced his purpose Of
81, =, the resolutions for considera-
tomorrow but as the senate later
49, to adjourn until Monday, the de-
xIll not begin until Monday.
A. bill to incorporate the international
.a,.n bank. in accordance with the
fermentation of the Pan. American con-
!. which has occupied the scnate's
mostly this week. was passed this
.,noon by vote of 26 to 23.
n. design of the measure is to furnish
4 banking and exchange facilities as
N urouote trade between the United
.ss and the countries of Central and
nth America.
ma hill provides that the bank shall
u capital stock of $5.oOO,OOo and the
,tal stock may be increased to s2o,OOo,-
rha institution, in accordance with the
rms Of the bill shall be under the SUI
vision of the comptroller of the cur
cv and in the charter of the corpora
n which the bill grants. certain privi-
es are accorded to the incorporators
view Of the advantages which are ex-
esea tn accrue to those interested in
Il with South American countries.
An amendment to the bill provides that
4 coierir of citizens, who comply with
yeouirements of the charter may or.
,e and establish an international bank.
Soon after the senate convened today
Davis MIMI, chairman of the COM
|tee on foreign relations, reported from
4 committee the resolutions adopted 'by
\ house for the annexation OF the Ha-
sHan Islands. The resolutions were not
Etnded.
BIZ. Davis gave notice that Immediately
.sr the morning business tomorrow he
build move 10 proceed with the considera-
b Of the resolutions.
Mr.. White (Cal) indicated that he
buld lead the opposition to annexation by
kuiring Mr.. Davis TO repeat his state
hot, the California senator not having
lard It. After Mr.. Davis had repeated
announcement Mr.. White resumed his
at, evidently satisfied.
Mr. Morgan (Ala.) offered a resolution
bich was referred to the naval affairs
nmttee, extending the thanks Of con-
vss to Naval Constructor Hobson and
volunteer crew of the Merrimac, and
torizing the transfer Of Constructor
h. n tho
q.
A bill was passed for the establishment
light and fog signal near Sabine Bank.
nss
The conference report on the bankruptcy
was presented and read, but no action
Is taken.
Nj, Hoar (Mass.). in charge Of the report,
noanced his purpose to endeavor to Sc
rs action on it during the present session.
bill TO authorize the construction of a
hse over the Tombigbee river in Missis-
pp was passed.
bill Incorporating the International
reriean bank was then taken up. The
lendment offered by Mr.. Pettus (Aia.),
strike out section Z, the provision ena-
lng the bank TO act "as trustee In any
pf'sase given to secure such bonds (gov-
lnent State or muniGpal), and to coun'
slsn the same as trustee was accepted
me committee and adopted.
I've following was offered by Mr.. Turner
Sn as substitute for section 90, and
ssp'ed by the committee and adopted
'ne property, franchise and business OF
sad corporation shall be subject to be
!" ny the States in which said property
~ De- or the said franchise and business
~ DC exercised and conducted, as fully
~ the same extent as said States may
'ne property, franchise and business OF
-,suc corporations. and the shares of
~ said corporation, property situated
Ssaue lor taxation. may be taxed
~ e'ate TO the same extent and in the
M M manner Ia, as other personal property"
~ VII was then passed--25 TO 20.
-, m. the senate went into executive
~. ana Mr.. Jones (hrk) moved that
nv senate adjourn it be until Mon
1t was adopted.
n~she senate adjourned.
"a "a executive session of the senate.
tn,s an agreement was reached to
sas,s oser 10 Monday, thus postponing
~ that time. f0'''
|, aelioh was taken on motion of Sem
ZONES tArk.). who stated that the OPP
Al =, VI the annexation resolution de-
e extra time in which to prepare
n. - hawaiian debate.
btsnasa orsan at first opposed the motion,
cornos Tor the necessity OF a session
ms,', Out he afterwards yielded and
Eea meuon prevailed unanimously.
pst,, laws said that under the cir
,ardan he would not insist upon n
rssa session. but he hoped that when
m,.,a ions should be taken up Monday,
slaously. oe proceeded win e~-
VA :. Is some talk of a compromise by
r an. nc matter shall be postponed until
te. run and a day fixed then for
Is ,ra ue GATE mentioned is January 90.
kcr swaSn has met with considerable
ld,rs ~ conservative senators. but the
The n-ss osn sides say they will decline
eseht to entertain it.