The Anaconda standard., 1899-12-07
TO Be RUSHED THROUGH.
The Republican Members Agree on the
Financial Bill.

LILO AsepuUAlcan MemDerS agree on tNe
Financial Bill.
Washington, Dec. 6.-The republican
members of the house of representa-
tives gave their unanimous approval
to-day to the house financial bill re-
Gently Introduced, and recommended its
immediate consideration by the house
and passage after reasonable debate.
Mr.. Overstreet of Indiana. who intro
duced and who is in general charge of
the bill, tomorrow will submit a reso-
luton asking that a special rule be re-
ported for the immediate consideration
of this measure.
The terms of this special rule are
practically agreed upon and provide
that the debate will begin next Mon
day, with a. final vote at the close CT
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
Of Illinois surrendered the chair to Mr..
Hepburn of Iowa in order to present
his views on some notifications he
thought desirable. These related to the
national banking features of the bill.
and Mr. Cannon gave it as his individ-
ual opinion that this branch of the
subject might be modified or omitted.
He stated, however that he supported
the bill as a whole and would vote for
it, and this was further shown when
he voted for the resolution of approval.
Mr. Cannon's suggestions did not take
the form of amendments, however, 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 a new section numbered 3,
and Is as follows:
Section O. That section 10, of an act
T,,1 n
act to enable national banking associa-
tions to extend their corporate exist
ence." be and the same is amended SO
as to read as follows:
Section 10. That upon a deposit OF
bonds as described in sections 5159 and
b160 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, reg
istered and countersigned as provided
by law, not exceeding the par value of
the United States bonds so transferred
and delivered, and at no time shall the
total amount of such notes issued to
any such association exceed the
amount at such time paid in Of it's
capital stock, and the provisions of 517l
and 5176 Of the revised statutes are
hereby repealed
Another amendment is to section 40
of the bill. inserting the word re
demption" before fund" to make more
plain where redeemed notes and certif1-
Gates are to be held.
Mr. Warner Of Illinois offered an
amendment relating to that feature
known as the impounding of green
backs. but he was satisfied from the
| explanations given that the amendment
was not essential and 1t was with
drawn. There were some other sug-
gestions and tentative amendments,
but none of them was pressed aud a
| resolution of approval was then unan-
imously adopted.
Mr. Overstreet and his associates who
framed the bill were warmly congrat-
ulated 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.