The Owosso times. (Owosso, Mich.) 1897-1926, 1900-03-16
THE FINANCIAL BILL.
Conference Report Is Passed by
the House.
OvERsTREET EXPLAINS CHANGES.

Every Principle Contained in the House
Bill Preserved in the Conference Report
Except the Provision X slating to Taxa
ton of National Bank franchise
Allen Rises to a Question of Privilege I'm
the Senate-Statements Denied.
Washington, March lathe con-
ference report on the financial bill was
adopted by vote Of yeas, 166: nays,
100: present and not voting, ~. The
senate had already adopted the con-
ference report, so that it remains only
for President Mckinley to affix his
signature to the measure to make 1t
law.
Washington, March 14.-At the
opening of the session Of the house the
following bills were passed: To es-
tablish light and fog signal at the
southern entrance Of the new break
water at Buffalo, N. Y, and for the
relief Of the heirs Of Philip McClusky
and John Hogan of Mobile, Ala. Then,
under the order previously made, the
house proceeded to the consideration
Of the conference report upon the
financial bill. Overstreet Of Indiana,
who was in charge of the report, ex-
planned in detail the notifications Of
the house and senate bills agreed upon
by the cOnferrees Overstreet said that
every principle contained in the house
bill had been preserved in the confer
ence report except the provision rela-
tive to the taxation of national bank
franchises. The establishment of the
gold standard into law was still Its
all important and essential feature
The law would, he said, become the
foundation of business prosperity OF
the country.
Question by shafroth.
"Has the secretary of the treasury
the power to redeem silver dollar In
gold under the amalgamated billv
asked Shafroth of Colorado.
"He has not" replied Overstreet.
land he did not have the power under
the original house BILL.
Under this bill will private obliga-
tons be made payable in gold" in
quired Snodgrass of Tennessee.
Under section 2 of the original
house bll,' replied Overstreet, public
and private debts were made conform
alive to the gold standard. That sec
tlOU is Ollllleu lTOlu tue TepOIt, uTSts
because it is a question in law wheth-
er it would not be retroactive and sec
ond. because having fixed the gold
standard and recognized it by convert
ing all public obligations into gold OBJ
legations there will be no necessity to
legislate concerning private .obliga-
lions, as they will invariably reflect
the character of government obliga-
tons"
Doings i'm the Senate.
In the senate Kean of New Jersey
resigned from the committee on public
lands: Thurston from the committee on
railroads. Simon from the committee
on Potomac river front; Foster from
| the committee on woman suffrage. and
| Wetmore from the committee ON man.
| ufactures. President Pro. Ten. Frye
| then appointed Bard of California to
| the several committees from which
senators had resigned in order TO make
committee places for him. AT the con-
clusion of morning business Allen, ris.
ing to a question Of privilege. said he
had been misrepresented by the
Washington correspondent Of a New
York paper, who had reported that
Allen had abandoned the free coinage
| of silver Allen denied the correspon-
dents statements.
Nothing that I ever said could by
any kind of torture be construed rs
| lack of faith in my party PLATFORM.
| which declares for the free and I'M
| limited coinage of both gold and silver
| at q ratio of 16 to l." he said.
Wanted 1t Put i'm Black Face Type.
Allen read the colloquy between
himself and Aldrich which, he said,
was the basis of the report concerning
him.
81 want to repeat" he said, land
want the public printer to put this
| statement in black-face type. that | am
| firm believer. and always have been.
| in the doctrine Of the free and unlim-
| tied coinage of gold and silver at the
ratio Of Is to 1. and do not believe in
| waiting for any other nation"
Allen was proceeding with an elabor-
| alton of his views when he was inter-
rupted by Turner, who had yielded to
him. and was reminded that "it was
personal statement. for which he had
| yielded. and not n speech" Allen i'm
mediately gave way. but was followed
| by Butler, who desired to make a per-
sonal statement concerning similar
matter.
KOBBE Is MILITARY GOVERNOR.
; Placed in Charge of AIbay Province and
Several Islands.
Washington. March 14.-General
Otis has notified the war department
that he has appointed Brigadier Gen
eral William A. Kobbe military gov
ernor Of the province Of Albay. Lib
zon. and of the island of Cataduanes.
and temporarily to subserve immedi-
ate purposes of the islands of Samar
and Leyte. General Kobbe is directed
to occupy with his troops the towns
of Sorsogon, Legaspi, Donsol and Blu
Ian of the province of Albay. the town
of Virac on the island OF Cataduanes,
the towns of Calbayoc and Catbalo-
gan on the island of Samar and tho