The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-12-07

WASHINGTON. Dec 6.-Tbe Republican
members OF the house OF representatives
gave their unanimous approval today to the
house financial bill recently introduced,
and recommended Its immediate considera-
ton by the house and passage after rea-
sonable debate.
Mr. overstreet. OF Indiana. who intro
duced, and who is In general charge OF tho
bill. tomorrow will submit a resolution ask
Ing that special rule be reported for the
Immediate consideration of this measure.
: The terms Of this special rule are prac-
tically agreed upon. and rcovide that the
debate Will begin next Monday. with
final vote at the close OF the week.
The unanimous approval given to tho
bill came after two hours OF discussion
and the adoption OF two amendments ap-
proved by the trainers OF the bill. 'sfs.
When the meeting began. Mr.. Cannon Of
Illinois surrendered the chair to Mr.. Hep
burn Of Iowa in order to present his views
on some notifications he thought desir-
able. These related to the national bank
Ing features Of the bill, and Mr.. Cannon
gave 1t as his individual opinion that this
branch OF the subject might better be
modified or omitted. He distinctly stat
ed, however. that he supported the bill
as a whole, and would vote for It, and
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. It is to
be new section, numbered 9, and Is as
follows:
Section g. That section 10 OF an act
approved July IL, 1882. entitled An act 70
enable national banking associations 10
extend their corporate existence be and
the same is hereby amended so as to read
as follows:
Section 10. That upon a deposit Of
bonds as described in sections $3.50 and
bl60 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 deiv-
cred, 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 its capital stock, and the
provisions of sections SIN and 5,17s OF the
Revised Statutes are hereby repealed"
Another amendment is to section 40
of the BILL inserting the word ''redemp-
ton before fund" to make more plain
where redeemed notes and certificates are
to be held.
Mr.. Warner, Illinois, offered an amend
ment relating to that feature known
as the impounding of the green.
backs, but he was satisfied from ex-
plantations given that the amendment was
not essential, and 1t was withdrawn.
There were some other suggestions and
tentative amendments, but none of them
was pressed. and resolution of approval
was then unanimously adopted.
Mr.. Overstreet and his associates who
framed the bill were warmly congratu-
lated 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