Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1900-02-22

u
committee Keeping the door open to
International bimetallism. and one by
Senator Nelson Mimi providing for
national banks with $25, 900 capital in
towns of not more than 1000 inhahi-
tants. The vote taken on various
amendments offered were practically
along party lines. Senator Chandler
(rep., n. H,) voted for the bimetallic
amendment but against the bill Sem
ator Gallery (dem., La) and Lindsay
(dem., KY voted against the commit
tee amendment but for the bill Sem
ator Kyle Is d. was the only senator
who did not vote though he was not
paired. The free silver substitute
offered by Senator Jones, leader of the
democratic side. was defeated by a
majority of 10, the vote being AZ to rs.
The bill as passed consists of ten sec
tons. 1t provides for the dollar of
20 $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; that
treasury notes and greenbacks shall be
redeemable in gold The secretary of
the treasury is to set apart a fund of
$l5O,OO0,00O in gold for the redemption
of these notes, and maintain this fund
at a figure not below 100000 900. 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 treas
ury that as fast as the standard silver
dollars are coined to retire an equal
amount of treasury notes and issue sill
yer certificates against the silver so
coined. Under certain provisions, too,
gold certificates shall be issued against
the gold held in the treasury. No
United States notes or treasury 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 80 year bonds
bearing 2 per cent. interest, the princi-
pal and interest of the bonds to be
paid in gold. Two per cent bonds
shall be issued at not less than par.
Any national bank, by depositing with
the United States, bonds of this coun-
try shall be permitted to issue circula-
ton notes to the face value of the
bonds deposited, no bank being al
lowed to issue circulating notes in ex-
cess of the amount of paid in capital
stock of the bank. After the passage
of the financial BILL the senate made
the Hawaiian government bill unfin-
ished business.
Washington, Feb. 15-rhe house
completed 26 of the 125 pages of the
legislative, executive and judicial APP
preparation bill without amendment.
Washington, Feb. 1S.-In tho senate
the consideration of the financial
measure having been concluded, dis
cusson of the Philippine question was
resumed. Senator McEnery (dem.
La strongly opposed the permanent
acquisition of the islands and believed
the United States ought to reinquish
them as soon as the authority of this
country had been asserted. Senator
Stewart (sil. rep, New took a pro-
nounced position in favor of the ad-
mission OF the products of any island
possessions of the United States free
of duty.
Washington, Feb. 16-The house in
dulged in its annual joke by striking
from the legislative appropriation bill
all provision for the civil service com
mission. This action is taken each
year. in committee of the whole,
where the members do not go on rec
ord, and the provision is then invari-
ably restored when the bill gets back
in the house where members have to
respond to their names upon roll call.
Washington, Feb. 17.-Chalrman
Hepburn of the house committee on
interstate foreign commerce submitted
the report of the committee in favor
of the Hepburn bill for constructing
tn Nicaragua canal. The report says
in part: IF the provisions OF the bill
can be carried out the United States
will within a few years (from six to
eighD be in full ownership and control
of the waterway connecting the
oceans. that can defend and that IL
can use 1t in the interests of it's navy
and its merchant marine as wisdom
may dictate. There seems little doubt
that the states of Nicaragua and
Costa Rica will give their consent for
the construction of this great work"
The cost may reach s140,000,00O. The
committee regards the Clayton Bulwer
treaty with Great Britain as obsolete
that we need pay no attention what
ever to ii.
WARING AND MOLTKE.