The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-07
FINANCIAL BILL IS APPROVED
REPUBLICAN MEMBERS OF HOUSE
ADOPT 1T UNANIMOUSLY.
A Resolution VIII Re Submitted Ask
ing that the Measure He Con-
sidered Immediately.

Washington, December 6.--The republic
can members OF the house gave their unan-
lmous approval " the house financial bill
recently introduced and recommended its
immediate consideration and passage. This
was accomplished at the caucus held In the
hall OF the house during the afternoon by
the adoption OF the following resolution:
Resolved, That house bill No. 1. entitled
"a bill to define and fix the standard OF
value, to maintain the parity OF all forms
OF money issued or coined by the United
States and for other purposes" be, and
the same is, hereby approved and Its i'm
mediate consideration by the house and
passage after reasonable debate is recon-
mended and urged.
In pursuance OF this resolution Mr.. over
street Qnd), who introduced and who Is
In general charge OF it, tomorrow VIII sub
NIT resolution asking that special rule
be reported for the Immediate considera-
ton OF the measure. The terms OF this
special rule are practically agreed upon
and provide that the debate will begin
next Monday with final vote at the close
of the week.
The unanimous approval given to- 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.. Cannon Qll) surren-
dered the chair to Mr. Hepburn Qowa)
in order TO present his views on some
notifications he thought desirable. These
related to the National banking feature
OF the bill and Mr.. Cannon gave it as his
individual opinion that this branch OF the
subject might better be modified or omit.
tnl IL. etn tod hnxN In
he supported the bill as a whole and would
vote for 1t, and this was further shown
when he voted for the resolution OF ap
prevail. Mr. Cannon's suggestions did not
take the form OF amendments and we're
not pressed.
The main amendment was proposed by
the trainers of the bill to clear up some
ambiguity OF the present law. IT Is to
have a new section numbered g. and is as
follows:
Section o. That section 10 OF an act ap-
proved July IL 1892, entitled AN act TO
enable National banking associations to
extend their corporate existence" Is
amended SO as to read as follows:
Section 10. That upon deposit of bonds
as described in sections 5l59 and 5l60 of
the Revised Statutes the association max
ing the same shall be entitled to i'eceive
from the comptroller of the currency cir
culating notes of different denominations
in blank registered and couDtersigned as
provided by law, not exceeding the par
value of tho United States bonds so trans
ferred and delivered and at no time shall
the total amount of such notes issued to
any such association exceed the amounts
stipulated in it's capital stock and the
provisions OF 5l71 and 5i76 OF the Revised
Statutes are hereby repealed
Another amendment Is to section 81
the bill. inserting the word redemption
before fund" 10 make that plain where
the redeemed certificates are to be he'd.
Mr.. Warner CIll.l offered an amendment
relating TO that feature, known rs the i'm
pounding OF greenbacks. but he was salts
fed from explanations given that the
amendment was not essential and it was
withdrawn.
There were other suggestions. but mono
were pressed and the resolution of APP
proyal was then unanimously adopted
Mr.. Overstreet and his associates who
framed the bin were warmly congratulate ell
on having been able TO command such
and approval, which is regarded
as giving assurance that the bill will be
passed by Christmas recess.