The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-12-08

eral charge OF the bin, tomorrow viii
submit a resolution asking that the rules
be reported for the immediate conSidera-
ton Of this measure. The terms OF this
special rule are partially agreed upon
and provide that the debate win begin
next Monday, with a final vote az the
close of the week The unanimous ap-
prevail given to the bill came after two
hours OF discussion and the adoption Of
two amendments approved by the fran
ers OF the Dill The main amendment was
proposed by the trainers Of the bill to
clear up some ambiguity OF the present
law. II is to- be new section. NUMBER 9,
and Is as follows:
Section s-That section 10 Of an act ap-
proved July y. 1852, entieled An Act to-
Enable National Banking Associations 20
Extend Their Corporate Existence. be
and the same is amended so as TO read as
follows:
Section 1e-That upon a deposit Of
bonds as described in sections 5159 and
$50 Of the revised statutes. the associa-
ton making the same shall be entitled
TO receive from the comptroller Of the
currency circulating notes Of different
denominations in blank, registered 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 association ex-
coed the amount at such time paid IN
of its capital stock; and the provisions
of sections 511 and 5l76 of the revised
statutes are hereby repealed :"
Another amendment is section OF the
bill. inserting the word redemption" be-
fore fund" to make more plain where
redeemed notes and certificates are 20 be
held.
Mr. Warren QlI) offered an amend
ment 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and Il was withdrawn. There were some
other suggestions and tentative amend
ments. but none Of them were pressed,
and a resolution of approval was then
unanimously adopted. Mr. Overstreet
and his associates who framed the bill
were warmly congratulated on having
been able to commaEd such complete
unanimity and approval. which is re-
garded as giving assurance that the bill
will be passed before the Christmas re-
cess.
Mr.. H. H. Hanna chairman OF the In
dianapolis monetary commission, speak
ing today of the financial bills before con-
gress, said; The bills prepared by the
Republicans of the senate finance com
mittee and by the caucus committee Of
the Republicans Of the house have so
much that is comprehensive Of the needs
for eliminating all doubts as TO gold be-
ing the standard and unit OF value Of our
monetary system, that it is wise to en-
courage the passage of these bills ny the
respective houses and remove all sug-
gesions for additions or changes until
the conferees OF the two houses take up
the subject. The bills are splendid ex-
pressiOns OF the purpose to fulfill the
pledge for gold standard legislation and
should greatly encourage the people TO
believe that all proper revision Of our
monetary laws is possible of accomplish
ment. Both bills contain provision for
gold reserves and their maintenance The
gold reserve provided by the senators -
ample for maintaining the interchange
ability of all government monies and the
change in denominations Of paper cur
rencies are safe and important aids to is
feasible and entire accomplishment. II
such full interchangeatbilrty can be con
cluded it would perfect the establishment
of a gold standard beyond risk OF change
except by the deliberate action Of the
law-making branch OF the government"