The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-02-16
Finance Committees Bimetnllic Pro-
pOsition Is Incorporated i'm the
Bill by q Vote of 4S to 30.
ALL DEMOCRATS AGAINST IT
MIR. NELSON'S NATIONAL BANK PRO-
POSITION is ACCEPTED.
Provisions of the Measure as 1t Will
Go to the Conference Commit
tees of the Two Houses.

Special to the Indianapolis Journal.
WASHINGTON, Feb. 15.-The passage of
the Senate currency bill by the Senate
this evening by vote Of 46 to % was
marked by no dramatic features or Incl
dents The finance committee amend
ments were engrafted in the measure as
ii passed and the opposition riders were
bowled over one after another. Senator
Nelson's proposition to authorize the for
nation Of $4,000 national banks in towns
Of not less than 1000 inhabitants was ac-
cepted by the committee and put into the
bill.
The Senate bill will go to the House to-
morrow or next day in all probability and
it will meet with nonconcurrence. A con-
ference committee will then be appointed
representing the two branches of Congress,
and this committee will get to work the
first part of the week. The bill as it be-
comes a law will probably be shorn of
some of the distinctively Senate features,
notably the refunding provision. Strong
oposition to that phase Of the Senate meas
ure has developed and the House is likely
to insist on its elimination. The House
will start in bent on the adoption Of its
own bill as the best and clearest of the
two but the Senate has a way of getting
whatever it really wants. 1t does not
really want the refunding provision;
hence may recede from it. 1t is put in
for trading purposes. favorite Senate
trick.
THE VOTE IN DETAIL.
The detailed vote on the passage of the
bill in the Senate to-day follows:
Yeas-Aldrich, Allison. Beveridge. Bur-
rows, Caffery, Carter, Clark of Wyoming,
Cullom, Davis, Deboe, Depew, Elkins, Fair
banks, Foraker, Foster, Frye, Gear, Hale,
Hanna. Hansbrough, Hawley. Hoar, Kean,
Lindsay, Lodge, Mcbride, McComas, Nc
rose, Perkins, Platt of Connecticut, Platt
of New York, Pritchard, Quarles. Ross.
Scott, Sewel, Shoup, Stone, Spooner,
Thurston. Wetmore. Wolcott-46
Chiffon, Clark of Montana, Clay. Cockrell,
Culberson. Daniel, Harris. Heitfeldt, Jones
of Arkansas, Jones of Nevada, Kennedy,
McEnery, McLaurin, Martin Money, Nor
TaIiaferro, Teller, Tillman, Turley, Vest
%.
Prior to the final passage of the bill
amendments were considered under the ten
minute rule. Only two Of these amend
ments were adopted, namely, one offered
by the finance committee, keeping the door
open to international bimetallism. and one
by Mr.. Nelson, of Minnesota, providing
for national banks with $4,000 capital in
towns of not over 1900. The vote on the
bimetallic amendment follows:
Yeas-Aldrich, Allison. Beveridge, Bur-
rows, Carter, Chandler. Clark of Wyoming.
Cullom, Davis. Deboe. Depew, Elkins, Fair
banks, Foraker, Foster, Frye, Gear, Hale.
Hanna, Hansbrough, Hawley, Hoar, kean,
Lodge Mcbride, McComas, McCumber. Nc
Platt of Connecticut, Platt of New York,
Pritchard, Quarles. Ross, Scott, Sewell.
Shoup, Simon, Spooner, Thurston, Wet
more Woicott-45.
Nays-Bate, Berry, Butler, Caffery, Chill
ton, Clark of Montana, Clay, Cockrell. Gull
berson. Daniel, Harris Heitfeldt, Jones of
Arkansas. Jones of Nevada, Kenny, Lind
say, McEnery. McLaurin, Martin, Money,
van, Taliaferro, Teller, Tillman, Turley,
Vest-30.
The vote taken on the various amend
ments offered were practically along party
lines. Mr.. Chandler Rep., N. H) voted
for the bmetallic amendment, but against
the bill. Mr.. Caffery Oem.. La) and Mr..
Lindsay Dem., Ky) voted against the
committee amendment but for the bill
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 nine
teen, the vote being AZ to Is.
PROVISIONS OF THE BILL.
The bill as passed consists Of ten Sec
tions. 1t provides that the dollar of 25 $40
grains of gold nine-tenths fine shall be the
standard unit of value and that all forms
of United States money shall be maintained
at parity with it. and that treasury notes
and greenbacks shall be redeemable in
gold. The secretary of the treasury is to
set apart a fund of $780, 900 in gold for
the redemption of these notes and to main-
tain this fund at figure not below $780,
00G,O00 He is empowered to sell bonds of
the United States bearing interest at not
exceeding 3 per cent.
1t shall also be the duty of the secretary
of the treasury fast standard silver
dollars are coined to retire an equal amount
OF treasury notes and to issue silver certifi-
Gates against the silver so coined Under
certain provisions. too, gold certificates
shall be issued against the gold held i'm the
treasury No United States notes or treas
ury notes shall be issued in denominations
of less than $40 and no silver certificates In
denominations of more than $40.
The secretary Of the treasury Is also
authorized TO refund the bonded debt of the
United States In thirty-year bonds bear
ing per cent. interest. the principal and
interest of these bonds 10 be paid In gold.
The per cent. bonds shall be issued at
not less than par.
Any national bank. by depositing with the
United States bonds of this country. shall
be permitted to issue circulating notes to
the face value Of the bonds deposited. no