The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-03-14
WASHINGTON. March is.-The las

Legislative step in the enactment OF the
financial bill was taken by the house of
representatives today when the confer
ence report on the bill was adopted by
vote Of: Yeas. ts6. nays. 40: present
and not voting 10. The senate had al
ready adopted the conference report
that II only remains for the president to
affx his signature to the measure TO
make Ii law
Representative Overstreet, the author
of the bill. will take it to the White House
tomorrow and the signature is likely 10
be affixed soon thereafter.
Minor bills Passed.
number of minor bills were passed
Grow. in personal statement. denied
that he had ever said in a newspaper
interview, that the Puerto Rican bill was
an outrage and robbery"
overstreet Explains the Report.
Then. under the order previously made
the house proceeded to the consideration
OF the conference report on the financial
bill
Overstreet. who was In charge OF the
report explained in detail the modifica-
tions of the bill oyerstreet said that
every principle contained in the house bin
had been preserved In the conference re-
port. except those relative TO the taxa
ton Of national bank franchises.
The establishment Of the gold standard
into law was still It's all-importart and
essential feature This law would. he
said. become tho foundation OF business
prosperity of the country.
Answers some Questions.
HAS the secretary OF the treasury
the power to redeem silver dollar IN
gold under the amalgamated hilg' asked
Shafroth.
''He has NOT" replied overstreet. "and
he did not have the power under the
original house bin"
Under this bill will private obligations
be made payable in goid7" inquired Snod-
grass
bll'' replied Overstreet. public and pri-
vate debts were made conformative 20
the gold standard That section is omit
ted from the report. first, because II was
a question IN law whether II would not be
retroactive. and. second, because, having
fixed the gold standard and recognized Il
by converting ail public obligations into
gold obligations. there will be no ne
cesslty 70 legislate concerning private
obligations. as they will invariably reflect
the character Of government obligations"
Bcnds Payable In Gold.
williams asked whether II would not
be impossible. Ia case an international hi-
metallic agreement was reached. 10 es-
cane paying the refunded thirty-year /.
per cent gold bonds in gold and such be-
ing the case, whether the bill could be
considered an encouragement 20 inter-
national bimetalHsn.
No International Bimetalitsm.
s'The bonds could be paid only In gold"
replied Diversified This bin holds out
not the slightest hope of international BIZ
metaliism under present conditions.
say frankly that this bin viii make it
practically an absolute inpossihaity ever
to have international himctalllsm a; tbs
ratio Of rs 70 l."
McRae Attacks the NH.
Mcrtae followed Oversireet With gen
erai argument IN opposition 20 the prin-
oiple embodied in the hal
FITZGERALD spoke of thc frequency ~ ma
siosaal bank failures. ans citing thn Globe
National hank case. sskca wha, profec,icn
| the people had when the government hank
examiners pronounced the Institution "a
rssh, At the time irregularities we're going
on
Hnn supported the conference report.
and MADDOX. Noonan and sasfrolh spoke
aEAinsi a.
Little MAKES stamp speech
fXttie closed the debate against tse re-
[ port Fss severely arrsiEnea the .nfsrnous
Z * the hill~ and the stealth fsccii, ffsa4
znd corruption - vhica this eonzasFaey
I has forced - sliuny course along tha path
SAY of legislation untu now We are 70
/ witness in ths Hght e Gay. rs triuHpa
over q free people He declared 81 wpula
marx the blAekctt paEe "a our legislative
I history tge clSss3 - follows
The forces ~ patriotism and Integrity
have selected their ,ead@r In advance =
{ TIE convention wblch &ct.cn Vtl De ratl-
Frs on Ja5v T. ard with That lesier toe
I {nrerraafit.e. invincih}e ard fearless trio
I unc of the PEOPLE. William J. BFyan they
u-fl astve tca ans the cohorts 81 ooTrGs-
/ zion fgou place. anG goscr fnrcee eer." Dem
/ ccratic applause
nroxstus closes the Debate.
Earos-ius chairman 4 the committee oa
/ hsrking aas currency ard one N the con
4 ferses "a the nnanelzl nsA, closet the 3e-
/ bate IN .ugoort q tae blu, and concla3ss
{ in par as follow.
This measure Is s long measure toward
Z The kp,snald yreeemineuce Ne are sChleV-
feartf1trH On Para Nina