The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-02-16
THE SENATE
FINANCIAL
MEASURE
Passed That Body Yesterday by
Practically a Party
FORTYSIX TO TWFNTY.NlNE
Both of west virginia's Senators
Voted for the Measure-vOts
in Detail.

WASHINGTON, Feb, 15-The senate
substitute for the house currency bill
was passed by the senate to-day, by the
decisive majority Of 4s to 90. Prior to
the final rassagp Of the bill amend-
ments were considered under the ten-
minute rule. Only two OF these amend
ments were adopted, viz:
One offered by the finance committee,
keeping the door open to International
bi-metalllsm, and one by Mr.. Nelson,
Of Minnesota. providing for national
banks with $4,000 capital In towns of
not more than 1000 Inhabitants.
AS the vote was about 10 be taken on
the committee amendment, Mr.. Teller
offered the following substitute for It;
THE people of the United states are
In favor Of bl-metallIsn and deslrous
Of an internatlona, agreement with the
great commercial nations of The world
that viii admit of the use Of both gold
and silver at such an established ratio
us Will maintain the parity between
gold and silver coins, and the efforts Of
the government are hereby pledged to
endeavor 10 secure such an internation-
al agreement as speedily as possible
Speaking on the proposed bi-metallic
amendment. Mr.. wolcott declared he
was satisfied to accept in good faith
the statements of the honorable sena-
tors that they were favorable to BIZ
metalllsm, If 1t could be brought about
by international agreement. and he ex-
pressed his gratitude for the proposed
amendment OF the committee.
II accept It," said he. because I
know 1t is in good faith. It is enough
for mt, and enough for any man who is
Republican. who desires to bring
about international bl-metallIsu."
Mr. Erklns Cwsst vlrginia), express
ed his pleasure that Mr.. Cockreu, rep-
resenting his party, had declared
against international bl-metallIsm. Mr.,
Etkins was interrupted by Mr.. Tlllmaa,
who inquired "Are you in favor Of an
alliance with any European nation"
Mr.. EIkns replied that he was in
favor OF such an International agree
ment as would enable US to use both
gold and silver as standard money.
Would you limit the alliance to
money!" persisted Mr.. Tillman.
Well" responded Mr.. Elkins, 81
would cross only one bridge at time
Lat US settle the financial matter first.
I'll say, however that I'm not afraid Of
alliances"
The, votes taken on the various
amendments offered were practically
along party lines. Mr.. Chandler CRep.,
N. H.. votad for the bl.metalllc amend
ment. but against the bill. Mr. caaery
Dem. La. and Mr.. Lindsay (Dem..
Ky.). voted against the committee
amendment but for the bill. Mr. Kyle,
Is. d.. was the only senator who did
not vote and was not paired. The free
silver substitute offered by Mr. Jones,
the leader of the Democratic side. was
defeated by a majority of 10, the vote
being ~ TO 2s.
Provisions Of the Bill.
The bill, as passed, consists of ten
sections
Ii providea that the dollar OF % $40
grains of gold nlne-tenihs fine shall be
the standard unit of value and that all
forms Of United States money shall be
maintained ut parity with 1t and that
treasury notes and greenbacks shall he
redeemed IN gold,
The secretary of the treasury is to
set apart fund of Si5O.OOO,OOO In gold
for the redemption OF these notes, and
to maintain this fund AT figure not
below SlOO. 100000, he Is empowered to
sell bonds Of the United States, bearing
interest at not exceedInE per cent.
It shall be the duty OF the secretary
Of the treasury as fast as standard sIl-
yer dollars are coined to retire an equal
amount Of treasury notes and TO issue
silver certificates against the silver SO
coined. Under certain provisions. too,
gold certificates shall be Issued ngainst
the gold held In the treasury. No
United States notes or treasury notes
shall be Issued In denominations of less
than ten dollars, and no silver certiil-
Gates In denominations OF more than
ten dollars. The secretary Of the treas
ury is also authorized to refund the
bonded debt Of the United States in
thlrty-year bonds bearing per cent
interest, the principal and interest Of
these bonds to be paid In gold. The 2
per cent bonds shall be issued at not
less than par. Any national bank. by
deposltlng with the United States bonds
of this country. shall be permitted to
issue circulating notes to the face
value of the bonds deposited no bank
being allowed to issue circulating notes
in excess of the amount of paid stock
Of the bank.
The Vote in Detail.
Tho following is the detailed vote on
the passage OF the financial bill.
Yeas--Aldrich Allison. BeverldSe.
Burrows Caftery, Carter, Clark tWyo),
Cullom. Davis. Deboc. Depsw. Elklns,
Fairbanks, Foraker Foster Frye,
Clear. Hala. Hanna, Hansbrough, Haw-
Icy. Hour. Kcan. Lindsay. Lodge, Nc
Bride, McComas, Mecumber, Mcmillan,