Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1900-02-16
BY Vote OF rs 70 20.
Currency Bill Substitute Passed
In the Senate.
FOR INTERNATIONAL BIMETALLIsM.
Door Kept Open by Amendment
Adopted Another Allowed Banks of
$4,000 Capital In Towns of Not More
Than 1000.

WASHINGTON, Feb. l6.-The senate
substitute for the house currency bill
was passed by the senate by majority
of As te 90 Prior to the final passage Of
the bill, amendments We're considered
under the ten-minute rule. Only two
Of these amendments were adopted
VIZ: One offered by the finance com
mittee, keeping the door open to interna
tional bimetallis1n, and one by Mr.. Mel
son MINI providing for national banks
with s25, 900 capital in towng of not
more than $1,000 inhabitants.
The votes taken on the various amend
ments offered were practically along
party lines. Mr.. Chandler (Rep., N.
H. voted for the bimetallic amendment,
but against the bill. Mr. Gallery Dem,
La.) and Mr.. Lindsay Dem, KY. }
voted against the committee amend
ment, but for the bill. Mr. Kyle Is.
D. was the only senator who did not
vote and was not paired. The free sill
yer substitute offered by Mr.. Jones, the
leader of the Democratic side, was de-
feated by majority of 10, the vote
being AZ to 49,
The following is the detailed vote on
the passage of the bill;
Yeas-Aldricb, Allison, Beyeridge, Burrows
Gallery, Garter, Clark (Wyo), Cullom, Davis
Deboe, Depew, Elkins, Fairbanks, Foraker
Foster, Frye, Gear, Hale, Hanna, Hansbrough
Hawley, Hoar Kean, Lindsay, Lodge, Mcbride
McComas, McCumber, Mcmillan, Mason, Mel
son, Penrose, Perkins, Platt Comm, Platt N
", Pritehard, Quafles, Ross, Scott, Sewell
Shoup, Simon, Spooner, Thurston, Wetmore
w olc9tt-46.
Nays-Bate Berry, Butler, Chandler, Chill
ton, Clark tMon.) Clay, CoclSrell Gulberson
Daniel, Harris, Heitfeld, Jones Ark, Jones
New, Kenney, McEnery, McLaurin, Martin
Money, Morgan, Pettus, Rawlins, Stewart, Sui
Ivan, Taliaferro, Teller, Tillman, Turley, Vest
10.
The bill, as passtd, consists of ten Sec
lions. Some Of the provisions, in SUBJ
stance, are:
1t provides that the dollar of % $40 grains OF
gold, $40 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 redeenabe in gold.
The secretary of the treasury is to set apart
fund of $i500o0,o00 in gold for the redemption
Of these notes, and to maintain this fund at a
figure not below $100000,000 he is empowered
to sell bonds of the United States, bearing in
terest at not exceeding per cent
1t shall also be the duty Of the secretary OF
the treasury as fast as silver dollars are coined
to retire equal amount of treasury notes
and to issue silver certificates against the sill
yer so coined. Under certain provisions, too
gold certificates shall be issued against the
gold held in the treasury. The United States
notes or treasury notes shall be issued in de
nominations of less than SO, and no silver Ger
tificates of more than $40, The secretary OF
the treasury is also authorized to refund the
bonded debt of the United States in 30-year
bonds bearing 2 per cent interest the principal
and interest of these bonds to 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 bank be
ing allowed to issue circulating notes in excess
of the amount Of paid in stock of the bank.
After the passage of the financial bill,
the senate made the Hawaiian govern
ment bill the unfinished business.