Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1899-12-07

Principal One Being to the National Bank
/ Feature OF the Measure-Debate to Be-
gin Next Monday and the Vote Taken IN
| Week-Hearing of Railway Men on
Safety Appliances-ADother Years Ex-
tension Requested.
Washington, Dec. AFTER a briei
and unimportant open session, the
senate went into executive session,
and at the expiration of Is minutes
, adjourned till Monday.
In the house, Overstree, of Indiana,
in charge of the finance bill, asked
consent for beginning it's considera-
tion next Tuesday. Richardson. mi
nority leader, objected. Mercer, of
Nebraska, announced the death of
Congressman Greene, of Nebraska.
After the adoption of the customary
resolution, the house adjourned as a
mark of respect.
The speaker appointed the following
house committee on rules: Dalzell,
(Pennsvlvania), Grosvenor, (Ohio).
republicans; Richardson, (Tennes-
see). Bailey, (Texas), democrats. The
speaker is also a member.
The special committee of the house
to investigate the charges against Rob
erts, OF Utah, held it's first meeting
today behind closed doors for the pur-
pose of determining a method of pro-
ceedure.
Washington. Dec.I.-The Republic
an members of the house of represent
atives gave their unanimous approval
yesterday to the house financial bill
recently introduced. and recommended
Il
age. This was accomplished at the
caucus held in the hall of the house
during the afternoon, by the adoption
of the following resolution:
Resolved, That III. II. l, entitled, a
Bill to Define and Fix the Standard of
Value. to Maintain the Parity of All
Forms of Money Issued or Coined by
the United States, and for Other Pur
poses be and the same is hereby ap-
proved. and its immediate considera-
ton by the house, and passage after
reasonable debate, is recommended
and urged"
Rule for the BiII's Consideration.
In pursuance of this resolution.
Overstreet, of Indiana. who introduced
and who has general charge of it, to-
day will submit Il resolution asking
that Il special rule he reported for the
immediate consideration of this meas
ure. The terms of this special rule are
practically agreed upon. and provide
that the debate VIII begin next Mon
day, with Il final vote at the close of
the week. When the meeting began
Cannon surrendered the chair to
Hepburn in order to present his views
on some notifications he thought de-
sirable. These related to the national
banking features of the bill, and Can
l..
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 il.
Main Amendment Proposed
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 numbered .
and is as follows: THAT section 10 of
an act approved July II. 1882. entitled
an act to enable national banking as
Sociations to extend their corporate
existence. be and the same is amended
so as to read as follows: That upon
a deposit of bonds as described in sec
tionS 51J9 and J160 of the revised
statutes. the association making the
same shall he entitled to receive from
the comptroller of the currency cir
culatlnS notes OF ulUefent uenOmlnd-
tion i'll blank. registered and counter
signed as provided by law. not exceed
ing the par value of the United States
bonds so transferred and delivered,
and at no time shall the total amount
of such notes issued 10 any such as
sociation exceed the amount of such
time paid in of its capital stock,
Another amendment is to section 4
of the bill. inserting the word ''redemp-
tion" before fund" to make more
plain where redeemed notes and GER
tificateS are to be held.
SAFETY APPLIANCES ON RAILWAYS