Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1900-02-22

I
international bimetallism. and one by
Senator Nelson (Minn.) providing for
national banks with $4,000 capital in
towns OF not more than 1000 inhabi-
tants. The vote taken on various
amendments offered were practically
along party lines senator Chandler
! rep. y. H. voted for the bimetallic
amendment but against the blll SEN
ator Cadery tdem., Lao and Lindsay
/ tdem., Ky) voted against the commit
tee amendment but for the bill SEN
ator Kyle IS. D. was the only senator
who did not vote though ha was not
paired rhe free silver substitute
| offered by Senator jones ader Cf the
| democratic side, was defeated by a
| majority of 10, the vote being a to y.
| The bill as passed consists OF ten sec
ions. It provides for the dollar Of
y $40 grains OF gold $40 fine shall be
the standard unit OF value and that ali
forms Of United States money shall be
| maintained at parity with it. that
treasury notes and greenbacks shah be
redeemable in gold The secretary of
the treasury is to set apart a fund Of
$3.50 100000 in gold for the redemption
or these notes, and maintain this fund
at figure not below 100000, 900. lie
is empowered TO sell bonds Of the
United States bearing interest at not
exceeding 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 30 year bonds
bearing per cent interest. the prnci-
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 clrcula-
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 bin unin-
ished business.
Washington, Feb. 15-rhe house
completed 26 of the 125 pages of the
legislative, executive and judicial ap-
preparation bill without amendment.
Washington, Feb 1S--In the 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 relinquish
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 bin gets back
in the house where members have to
respond to their names upon roll call
Washington Feb. t7-Chairman
Hepburn of the house committee on
interstate foreign commerce submitted
the report OF the committee in favor
Of the Hepburn bill for constructing
IN Nicaragua canal The report says
n part If the provisions of the bill
can be carried out the United States
viii within few years from six 70
eight be in full ownership and control
.of the waterway connecting the
oceans that can defend and that It
can use 1t in the interests OF its navy
and lbs 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 $4,000, 900 The
committee regards the Clayton Bulwer
treaty with Great Britain as obsolete
that We need pay no attention what
ever to t.