Chariton courier., 1899-12-08
SENATOR HAYWARD is DEAD,
Noted Nebraska Man Passes Away After
a Lengthy Illness,

u Ghy
Nebraska City, Neb., Dec. 6.-Sen-
ator Hayward died at 6:2O this
morning.
Mr.. Hayward has been i'll for some
months, the physicians having long
ago informed his family that cure was
impossible and death a mere matter of
time. A few weeks ago he seemed to
take turn for the better, but last
Friday he again began to sink away
and so continued until death relieved
him.
United States Senator Monroe L.
Hayward was SO years old and has
lived in Nebraska City for thirty-two
years. Although a lawyer by profess
sion, he made his wealth largely
through investments in lands in Ne
brasEa and Kansas. His election to
the United States senate was his first
appearance in national politics He
was defeated for governor by Poynter
two years ago, reducing the fusion ma
jority from $4,000 to 5000.
When the last legislature was found
to be republican Mr. Hayward an
nounced his candidacy for the United
States senate, and the fight which fol-
lowed was one of the bitterest in the
history Of the state. The long-drawn-
out caucus deadlock finally resulted in
his election, but soon afterward be
was stricken with paralysis while adj
dressing a political meeting.
Senator Hayward was a veteran of
the civil war, serving in the Twenty
1f
teers and later in the Fifth cavalry. He
married Miss Jennie Kelton OF Put
nam countys New York, in 1870, and
his widow and two sons survive him.
FINANCIAL BILL IN THE HOUSE.
Measure Is the First NEUTRALITY-SUSPICIOUS.
ate's Currency Plan.
Washington, Dec. 6.-The financial
bill drafted by a special committee of
republican members was introduced in
the house Monday by Representative
OYerstreet of Indiana, and accorded the
distinction of being bill No. l Oh the
rsznx6s Of the house. Mr.. Overstreet
stased that definite plans for advanc-
ing and passing the measure would be
deteEnin at the republican caucus
TO be he'd tonight.
The text OF the currency bill pre-
pared by the republican members of
the senate finance committee is for the
purpose, as stated in the preamble, Of
affirming the existing standard Cf val
ue, to maintain the parity in value of
all forms of money and to refund the
pubic debt. 1t provides that the dol
lar consisting of 25.8 grains CT sold,
nine-tenths fine, shall continue to be
the standard unit OF value.
The bill provides for a reserve fund
Of $3.50, 100000 in gold coin to be used
only for the redemption Of United
States notes and treasury notes. This
provision says:
IF the secretary of the treasury is.
unable to restore and maintain the
gold coin in the reserve fund by other
methods then it shall be his duty to
restore and maintain the same by bor-
rowing money on the credit of the
United States and for the debt thus in
Cured to issue and sell coupon or reg
istered bonds of the United States.
1T shall be the duty of the secretary
of the treasury, as fast as standard sill
yer dollars are coined, to retire and
cancel an equal amount of treasury
notes whenever received into the
treasury
Provision is also made for the is
suing of gold certificates on deposits
of gold coin to be used solely for the
payment of such certificates on de-
mand. United States and treasury
notes are to be limited to denomina-
lions of $40 or over and silver certiti-
Gates to denominations under SO. The
dill provides for the refunding of
bonds.
Upon the deposit by national banks
of any bonds OF the United States, such
banks shall receive circulating notes
equal to the par value Of the bonds
deposited. Banks are to pay a tax of
one-fourth of 1 per cent each half
year upon such circulating notes as
are based on the deposits of its per
cent bonds.