The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-02-16


sage Of the bin amendments were consider.
ed under the ten minute rule. Only two OF
these amendments were adopted. viz;
One offered by the finance committee
keeping the door open 10 international BIZ
metalIism, and one by Nelson OF Minnesota
providing for national banks with sa5ooo
capital in towns of not more than 1000 in
habitants
Vote ON Party Lines.
The vote taken on the various amend
nients offered was practically along rarty
lines. Chandler (Rep., n. H. voted for the
bimetallism amendment. but against the
bill.
Caffery Gem., 1a.) and Lindsay Dem,
Ky) voted against the committee amend
ment, but for the bill. Kyle IS d. was
the only senator who did not vote ana was
not paired The free silver substitute or
fered by Jones' the leader OF the Demo-
cratic side. was defeated by a majority of
10. the vote being q to 2s.
The BilI as II Passed.
The bill. as passed, consists OF ten sec
tions.
1t provides that the dollar OF IS $40 grains
of gold nine-tenths fine shall be the stand
ard 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 redeemahie In gold
The secretary of the treasury is TO set
apart fund Of si5OocoeOo in gold for the
redemption of these notes and to maintain
these funds at figure not below 500 90 900
he is empowered to sell bonds OF the IrnIteg
states bearing interest at not exceeding
per cent.
1t shall also be the duty Of the secretary
of the treasury. as far as standard silver
dollars are coined. 10 retire an equal
amount Of treasury notes and to issue sill
yer certificates against the silver so coin
ed. Under certain provisions too, gold
certificates shall be issued agains, the gold
held in the treasury No United States
notes or treasury notes shah be issued in
denominations OF less than So and 10 sill
yer certificates in denominations of more
than SO
The secretary OF the treasury IN also AZ
ihorized 70 refund the bonded debt of The
United States in tairty-year bonds bearing
per cent interest, the principal ana in-
terest OF these bonds 30 be paid IN sold
The per cent. bonds shall be issued az no
less than par. Any national bank by de-
posting with the United States bonds -
this country should be permitted to issue
circulating notes to the face value Of the
bonds deposited. no bank being allowed TO
Issue circulating notes IN excess ef the
amount OF the paid-in capital stock % the
bank.
Aficr the passage Of the financial bin the
senate made the Hawaiian government bill
the unfinished business
Little Interest Was shown.
Notwithstanding that this vas the las,
days debate on the financial Bit In tse
senate. comparatively uific Interest," eesm
iuEly was manifested in either the debate
or the y0tiag, and hut fcw people were is
the galleries. Routine business telnR corr
claded. the ananciai bm was iaid before
the senate. TIRE pending question being the
amendment offered by The finance commit
tee and reading as noll5ws
Finance Committee Amendment.
THE provisoas o. this act ere not intend
81 90 place any obstacles in the way of
tHe accomplishment os international hlnet.
auis-n, provided the sane be secured by
concurrent action Of the leading conmer-
cial nations 81 ths world sma AZ a rauo
" AAaA NAatA INSURE hatH Af7ta&4ottttsgH
relative value between gold and silver"
Haar speak. for the Amendment.
HoaT said dagble standard had not 0nly
been accepted by tae people. bui had heen 4
embodied ln the constitution itself Lat
when. hy the action Of other natsous ttts I
country was forced % accept ths sinr.s 1
standard IL was forced % accept the most 4
valuable. metal We should goi the 6aulas
Standard Nhen opportunity casne There
was. therefore, 70 pretsnae or hypocrisy 4
In the pending amendment
Morgan Denounces IL.
Morgan denounced the pending aaltn1-
men; as miserable maEesaifi waieh ~ in-
tended 10 esver the izeesatlons of wound
ed conscience"
He declared the bsH would return us 10 the
British system % finance
Plntt Defends the Measure.
Piatt Comm said he wanted % rroteEt
against tac assumption of the Den1-rigic Z
side that it Represented the American peo-
pie That question had been iec.ie4
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