The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-02-16
GOLD STANDARD CINCHED
te Passed the Administrations Financial Meas
ure by a Vote of 46 to 20.
|llWOsT A STRICT PARTY VOTE.
"a IN Allow Organization OF
.,., banks With $4,000
r,o,tal in small Towns.

,a,.on, February i5.-The senate
,as for the house currency bill was
(, me senate by the decisive major
!. 10 %. Prior TO the final passage
hill amendments were considered
N. ten minute rule. Only two of
.,re adopted: One offered by the
eommittee keeping the door open
Arrstional bimetallism and one by
.,.cn (Minn.) providing for National
rith $4,000 capital in towns OF not
400. The vote as taken on the
!. amendments offered were practi-
along party lines Mr.. Chandler
n H. voted for the bimetallic
.amsnt. but against the bill. Mr.. Cat-
n.m.. Lao and Mr.. Lindsay (Dem.,
vo,ed against the committee amend
bat for the bill. Mr. Kyle Is. ID
~ only senator who did not vote aud
uot paired The free silver substi-
orsred by Mr.. Jones, the leader Of
asmocratic side, was defeated by
ay Of ~.
4. nil provides that the dollar OF
grsIns OF gold nine tenths fine, shall
NJ Standard unit of value and that all
,-s of United states money shall be
,,,aiued at a parity with it, and that
,sury notes and greenbacks shall be
tds,msble in gold. The secretary of the
,ssry /. authorized to set apart fund
,l5OOOO.00O in gold TO redeem these
Etn and to maintain the fund above
5mOO00O 1t shall also be the duty of
4 secretary of the treasury as fast as
|r,r dollars are coined to retire an equal
noun, OF treasury notes and to issue sill
certificates against silver so coined.
rde- certain provisions, too, gold certih-
3, shall be issued against the gold held
me- treasury. No United States notes
treasury notes shall be Issued in de-
limitations OF less than $40 and no sill
certificates in denominations OF more
4, ITO The secretary of the, treasury
,s,, authorized to refund the bonded
IN ofahe United States in thirty years
has bearing : per cent, the principal
IA interest of these bonds to be paid in
N The 2 per cent bonds shall be issued
not less than par. Any National bank
deposting with the United States bonds
this country shall be permitted to issue
rulating notes TO the face value OF the
sds deposited, no bank being allowed
issue circulating notes in excess OF the
mount OF the paid-in capital stock OF
Z bank.
After the passage of the financial bill
Il senate made the Hawaiian govern
5eDt bill unfinished business.
Notwithstanding that this was the last
b Of the debate on the financial bill i
senate, comparatively little interes
tningly was manifested in either tn'
kae or the voting, and but few people
~ in the galleries, The routine bust
being concluded. the financial bill
laid before the senate, the pendinl
tston being the amendment offered b,
finance committee. which read as fol
Z;
Provisions OF this act are not Ia
Inded to place any obstacles in the
lay Of accomplishment of information
bimetallism, provided the same be
kcured By concurrent action of the
tdlng commercial nations of the
brd and al a ratio which shall in
Re permanencc of relative value be-
een gold and silver.
Hoar (Mass) said the double stand
Ioi gold and silver had not only bee
pied BY the people, but had been en-
"a in the constitution itself. Blu
BY the action OF the other Nations
Eountry Was forced to accept a singl
Fard. It was forced TO accept the mos
pie metal We should get the doubl
ard when the opportunity came
was therefore, no pretense q
frlsy in the pending amendment.
Morgan (Ala.) denounced the pend
amendment as miserable make
which is intended to cover tn
llons of wounded conscience. II
led the bill would return us to tn
system of finance.
Platt Comm said he wanted
against assumption of the demo
side that 1t represented the Amer
fople, That question had been dc
no said, to Mr., Cockrell for pre-
tg the leading doctrine and II
representative of the democrat
lhe years campaign "Whatev,
said about imperialism or abol
Ihng masses, said Mr.. Platt, .
me same issue over again in Il
IN this year, and that is wheth
have a silver standard in Il
Aales' Referring to Mr. Cocl
slement that the United stat
sintain the silver of the world AZ
Ilth gold, Mr. Plat said: Nv
Isfd something about alchemy
Ia'e and We all know OF the pa
hies OF the worlds magicians: hut
Isined for the wizard of Nilsson
III to wave his magic wand
sFad aud double the price of 4
me world" Laughter0
ntg TO Mr.. Plat. Mr.. Teller sa
SE people were willing to ma
ntaIgn on the silver question. al
aIerican people declared for 90
yslhe should be ready to accept t
taIkreil replied to MIR. Plat, mai
polnsl legislation alone with {
su1 tnis government behind II W
mol restore the commercial al
parity Of gold and silver.
tnTieh inquired whether the ID
den The crime OF ''73'' would ha
LII silver II the countries OF t
rhments were receiving silv
Nnts and coming 1t free.
"Teli replied that it would NJ
~, ties II then. said Mr.. Aldric
rn. Emit that is true how DO y
Equation OF one country to depr
III The crime Of 10 was not III
crime" shouted Mr. Cockre
hum ainst man. agains. God. again
against Christianity.
ths Pc was about to be taken
~ fitee amendment Mr. Tel
following substitute for H.
PIE Of the United States are
al III hfpae lazf,-otI,