The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-12-07
GIVEN 4 BIG START
APPROVE FINANCIAL BILL RE-
GENTLY INTRODUCED
SHOULD BE PASSED QUICKLY
Believed That the Bill VIII Have
Been Approved Before Christmas
Recess-SOme Important Points
Added to the Measure-Framers
of the Bill Are Congratulated
Upon It's Reception.

WASHINGTON, Dec. 6.-The Republic
can members Of the house of representa-
tlves gave their unanimous approval to-
day to the house financial bill, recently
introduced, and recommended it's imme-
date consideration and passage This
was accomplished at the caucus held in
the hall Of the house during the after
noon, by the adoption of the following
resolution:
Resolved, That H. r. /. 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
consideration by the house and passage
after reasonable debate is recommend
ed and urged.
In pursuance Of this resolution Mr..
Overstreet, of Indiana, who introduced
and who Is in general charge of it. tomor-
row will submit resolution asking that
a special rule be introduced for the I'M
mediate consideration of this measure.
The terms Of the special rule are prac-
tically agreed upon, and provide that de-
bate 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, ap-
When the meeting began Mr.. Cannon
QlL) surrendered the chair to Mr.. Hep
burn QO) in order to present his views
CT some notifications he thought desir-
able. These related to the national bank
ing features of the bill, and Mr. Cannon
gave it as his individual opinion that this
branch of the subject might better be
modified or omitted He distinctly stated,
however, that he supported the bill as
WI md XynE nd
was further shown when he voted for the
resolution of approval.
Mr.. Cannon's suggestions did not take
the form of debate, and were not
pressed.
MAIN AMENDMENT.
The main amendment was proposed by
the trainers Of the BILL to clear up some
ambiguity of the present law. 1t to be
a new section numbered F, and is as fol-
lows:
Sec Sec 9mThat gs sect - Of an act, APP p
enable national banking associations to
extend their corporate existence be and
the same is amended so as to read as fol-
lows: Section 10-That upon a deposit
516O of the Revised Statutes, the asso-
citation making the same shall be entitled
to receive from the comptroller Of the
IN ban h9e Te is and
countersigned, as provided by law, not
exceeding the par value Of the United
States bonds so transferred and deliver
ed and at no time shall the total amount
of such notes issued to any such as
ISOLATION exceed the amount at such time
paid in of it's capital stock. and the pro-
visions of 5171 and SIG of the Revised
Statutes are hereby repealed
Another amendment is to section 4 of
the bill inserting the word redemption"
before fund" to make more plain where
redeemed notes and certificates are to be
held.
Mr.. Warner Ull.) offered an amendment
relating to that feature known as the i'm
pounding of the greenbacks, but he was
satisfied from explanations given that
the amendment was not essential, and It
was withdrawn. There were some other
suggestions and tentative amendments,
but none of them were pressed and tho
resolution of approval was then unant-
mcusly adopted.
Mr.. Overstreet and his associates who
framed the bill were warmly congratu-
lated on having been able to command
such complete unanimity and approval.
which is regarded as giving assurance
that the bill will be passed before the
Christmas recess.