The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1900-02-23

' 49, . IS r - Il 500 y > - q q y Nv y
deposits in national banks, reckless OK
spepditures for pensions, aud, finally
drifting into tho question of election
methods lin Missouri. Mi. Bartloldt
Of Missouri raised the latter question
by attacking thetNesbitt law. and pro-.
volsed n long reply from Mr.. Benton
of Missouri. who in turn aroused Mr..
Pearson Of Missouri. Some very
caustic things We're said on both sides.
4 .-----
Y The Senate. M -
Washington, Feb. 16 The senate
substitute for tho house currency bill
was passed by the senat to- yesterday by
the decisive majority OF %. Prior. to
the final passage of the bill amend
ments were considered under the ten
minute rule. Only two of these
amendments were adopted, one offered
hy the finance committee keeping the
door open to international bimetallism,
and one by AIR. Nelson of Minnesota,
providing for national banks With $685.
COO capital in towns of not more than
1000 inhabitants. The vote taken Oil
the various amendments offered were
practically along party lines. Mr..
Chandler Of New Hampshire voted for
the bimetallic amendment but against
the hill. MI. Gallery of Louisiana and
Mr.. Lindsay, of Kentucky voted
against the committee amendment but
for the bill. Mr.. Kyle of South Dakota
was the only senator who did not vote
and was not paired. The free silver
substitute offered 10y Mr. Jones. the
leader of the Democratic side was de-
feated by a majority Of ID, the vote be-
ing Il to 2S.
The bill as passed consists of ten sec
tions. 1t provides that the dollar Of
2lS.10 grains Of gold, nine-tentlls fine.
shall he tho standard unit Of value and
that all forms of United States money
shall be maintained at u parity With it;
and that treasury notes and green.
backs shall be rcdecnablc in gold. The
secretary of the treasury is TO set
apart Il fund of $3.50 100000 in gold for
the redemption of these notes and to
maintain this fund at Il figure not be.
low $1OO, OOOOtO; lie is empowered to
sell bonds Of the United States bearing
interest ut not exceeding per cent. 1t
shall also he the duty of the secretary
or the treasury rs fast as standard sill,
yer dollars are e;,inctl to reire an equal
amount of the treasury notes and to
issue silver certificates against the sill
vcr coined. Under certain provisions
gold certificates shall be issued against
the gold held in the treasury. No
United States notes or treasury notes
shall he issued in denominations of less
than $40 and no silver certificates in
denominations of more than $40. The
secretary OF the treasury is also author
lied to refund the bonded debt of the
United States in thirty-ycar bonds
bcaring . per cent interest. the princi-
pal and interest Of these bonds to he
paid in gold. The per cent bonds
shall be issued at not less than par.
Any national bank, by depositing with
the United States bonds Of this country
shall he permitted To issue circulating
notes to the face value of the bonds de-
posted, no bank being allowed 10 issue:
circulating notes in excess Of the
amount Of the paid-in capital stock Of
the bank
After the passage Of the financial bill
the senate made tho Hawaiian govern
ment bill the unfinished business.
The House.
The house completed twenty-six OF
the 124 pages of the legislative and jul
dicial appropriation bill without
amendment. During the general de-
bate which closed Mt o'clock variety
of topics We're touched upon. Mr. Bou-
tclle OF Illinois. Mr.. Miers of Indiana
and Mr.. Shawaltcr OF Pennsylvania dis
cvssed the Philippine question; Mr..
GrGsvenor Of Ohio ard Mr.. Gillett of
Massachusetts. civil service reform:
Mr.. briggs nf New York, pensions. and
Mr. T,nIlaru Oni rf S1obon1., l,i.. WIG I,
luton to repeal the fifth amendment
to the constitution. The legislative bill
probably will he passed to-Cay.