The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-12-07
The Measure Which Was Prepared
by the Caucus Committee
Receives the Unanimous Approval Of the
Republican Representatives.
A Resolution to Be introduced In
the House To-Day Asking That
A Special Rule Be Reported for
the Immediate Consideration of
the Bill.

WASHINGTON, Dec. 6.-The Repub-
lican members of the House of Repre-
sentatives gave their unanimous APP
prevail to the House financial bill, re-
Gently introduced, and recommended It's
immediate consideration by the House
and passage after reasonable debate.
Overstreet of Indiana, who introduced
and who is in general charge of the
bill, tomorrow will submit a resolution
asking that special rule be reported
for the immediate consideration of this
measure. The terms of this special rule
are practically agreed upon, and pro-
vide that the debate will begin next
Monday, with a 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, Cannon of
Illinois surrendered the Chair to Hep
burn of Iowa, in order to present his
views on some notifications he thought
desirable. These related to the ma
tional banking features of the bill, and
Cannon gave it as his individual opin-
ion that this branch of the subject
might better be modified or omitted. He
distinctly stated, however, that he sup
ported the bill as whole, and would
vote for it, and this was further shown
when he voted for the resolution of ap-
prevail. Cannon's suggestion did not
take the form of amendments. however,
and We're not pressed.
The main amendment was proposed
by the trainers of the bill to clear up
! l. 1f law
is to be a new section, numbered 8, and
is as follows:
Section g. That Section 10 of an Act
approved July II, 1882, entitled AN Act
to Enable National Banking Associa-
lions to Extend Their Corporate Exist
ence,' be and the same is amended so
as to read as follows:
Section 10. That upon deposit of
bonds as described in Sections $3.50 and
$50 of the Revised Statutes, the asso-
citation making the same shall be en-
titled to receive from the Comptroller
of the Currency circulating notes of
different denominations in blank, regis
tered and countersigned as provided by
law, not exceeding the par value OF the
United States bonds transferred and
delivered, and at no time shall the to-
tai amount of such notes issued to any
such association exceed the amount at
such time paid in Of its capital stock
and the provisions of Sections 5,171 and
5,176 of the Revised Statutes are here
by repealed
Another amendment is to Section 4
of the bill, inserting the word re
demption'' before fund" to make more
plain where redeemed notes and GER
tificates are to be held.
Warner of Illinois offered an amend
n1ent relating to that feature known
as the impounding 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 a resolution
of approval was then unanimously
adopted.
Overstreet and his associates who
framed the bill were warmly congratu-
lated on having been able to command
such complete unanimity of approval,
which is regarded as giving assurance
that the bill will be passed before the
Christmas recess.