Omaha daily bee., 1899-12-07
RUSH FINANCIAL BILL
Republican Caucus Unanimously Indorses
the House Measure.
IA.
AGREE TO BEGIN DEBATE NEXT MoNDh,
Final Vote Will Probably Be Taken at Close
of the Week,
TWO SLIGHT AMENDMENTS ARE MADE
Cannon Favors Modification Of the National
Banking Features,
-Wo SLIGHT AMENDMENTS ARE MADE
YIELDS TO JUDGMENT OF THE MAJORITY
Oyerstrcct and Assistants Who
Framed the Measure Receive Com
grntuIations on Presenting
the Ell.

WASHINGTON, Dec. 6.--The republican
members of the house of representatives
gave their unanimous approval today to the
house financial bill recently introduced and
recommended it's 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 follow
ing resolution
Resolved That house roll I, entitled "a
bill to define and fix the standard Of value,
to maintain the parity of all forms Of
money issued coined by the United
States and for other purposes, be and the
same Is hereby approved, and It's immediate
consideration by the the house and pnssagG9 sG
and urged.
In pursuance of this resolution Overstreet
of Indiana, who introduced and who is In
general charge OF it, tomorrow will submit
resolution asking that a special rule be
made for the consideration of this measure.
The terms of this special rule are prac-
tically 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 discussion and the
adoption of two amendments approved by
the trainers OF the bill.
When the meeting began Cannon of Illinois
surrendered the chair to Hepburn of Iowa
in order to present his views on some modi-
fications he thought desirable. These re-
lated to the national banking features OF
the bill and Cannon gave 1t as his individual
opinion that this branch of the subject
might be better modified or omitted. He
distinctly stated, however, that he supported
the bill as a whole and would vote for it,
which was further shown when he voted
n1,,NfnY Df wal an
suggestions did not take the form Of amend
ments and were not pressed. The main
amendment was proposed by the trainers of
the bill to clear UP some ambiguity of the
present law. 1t is to be new section, num-
bered 8, and is as follows:
Section 9-That section 10 of an act ap
proved July r. 1882. entitled IAN act to en-
able national banking associations to ex-
tend their corporate existence" be and the
same is amended so as to read as follows;
Section 10-That upon a deposit of bonds
as described in sections $3.50 and 519O of the
NReyised Statutes the association making the
same shall be entitled to receive from the
comptroller of the currency circulating
registered and countersigned as provided by
law, not exceeding the par value of the
United states bonds SO transferred m a. and d. SO SO
amount of such notes issued TO any such
a Fsociation exceed the amount paid in of its
capital stock; and the provision 5l1l and
pealed
Another amendment is to section of
the bill, inserting the word redemption
before fund" to make more plain where re-
deemed notes and certificates are to be held.
Warner of Illinois offered an amendment
relating to that feature known as the i'm
pounding of the greenbacks, but he was sat-
isfied from explanations given that the
amendment was not essential and it was
withdrawn. There were some other sugges-
tions and tentative amendments, but none
of them were pressed, and the resolution
of approval was then unanimously adopted.
Overstreet and his assistants who framed
the bill were warmly congratulated on hav-
ing been able to secure such complete una
nimity and approval, which is regarded as
giving assurance that the bill will be passed
be fore the Christmas recess.