New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-12-07
CURRENCY BILL APPROVED
HOUSE REPUBLICAN CAUCUS TAKES
UNANIMOUS ACTION.
DEBATE TO BEGIN NEXT MONDAY. WITH
FINAL VOTE AT THE END OF THE
WEEK-TwO AMENDMENTS
ADOPTED.

Washington. Dec. 6-The Republican mens
bers OF the House OF Representatives. gave their
unanimous approval to-day 10 the House finan-
cial bill recently introduced. and recommended
its immediate consideration and passage This
was accomplished at the caucus held in the hall
Of the House by the adoption OF the following
resolutions
Resolved That II. r. l. entitled "A bin TO
define and fix the standard Of value 10 main
tain the parity Of all forms Of money issued
and coined by the United States. and for
ether purposes" be and the same is hereby
approved. and its immediate consideration by
the House and passage after reasonable debate
is recommended and urged.
In pursuance Of this resolution Mr.. Overstreet,
OF Indiana. who introduced the bill and is in
general charge Of it, will submit resolution
tomorrow. asking that a special rule be report
ed for the immediate consideration Of this meas
ure. The terms of this special rule are practi-
cally agreed upon. and provide that the debate
shall begin next Monday. with final vote At
the close OF the week.
The unanimous approval given 10 the bill came
after two hours of discussion. and the adoption
of two amendments approved by the trainers
OF the bill. When the meeting began Mr. Can
non. of Illinois surrendered the chair to Mr.
Hepburn OF Iowa, in order to present his views
These related to the banking features of the
bill and Mr. Cannon gave 1t as his individual
opinion that this branch Of the subject might
better be modified or omitted. He distinctly
said. however. that he supported the bill
whole and would vote for It. and this was fur
ther shown when he voted for the resolution Of
approval Mr.. CannOn's suggestions did not
take the form Of amendments and were not
pressed
The chief amendment proposed by the
trainers OF the bill to clear up some ambiguity
in the present law. It is to be a new section
numbered nine. and is follows:
Section o. That Section 10 Of an act approved
July Il, 1882 entitled AN Act to enable National
banking associations TO extend their corporate
existence" be and the same is amended so as to
read as follows
scrbed in Sections 5l5s and $3.50 OF the Revised
Statutes. the association making the shall be
rency circulating notes Of different denominations
In blank, registered and countersigned as provided
by law. not exceeding the par value or the United
States bonds transferred and delivered. and at
no tune snS ne ota h suGn mTes s eS
time paid in OF its capital stock; and the pro,
visions Of Sections SIN and 5.l76 OF the Revised
Statutes are hereby repealed
Another amendment is TO Section Of the bill,
inserting the word redemption" before fund"
to make 1t more plain that redeemed notes and
certificates TO be held
Mr. Warner OF Illinois, offered an amendment
relating TO that feature known the impound-
ing Of the greenbacks but he satisfied from
an examination that the amendment was not
essential and II was withdrawn. There were
some other suggestions and tentative amend
ments but none OF them were pressed. and the
resolution Of approval was then unanimously
adopted.
Mr.. Oversreet and his associates who framed
the bill were warmly congratulated on having
been able to command such complete unanimity
and approval. which is regarded as giving assur-
ance that the bill will be passed before the
Christmas recess.