The Washington weekly post. (Washington, D.C.) 1878-1916, 1900-02-20

God. against humanity. against Chris.
tianity" Senator woicott Endorsed tbs
committee amendment as having beer
made IL good faith. and Mr. Elktns 81.
pressed his pleasure that Nr, cockrell
representing the Democratic party. had
declared against international binetai-
ism. Mr.. Eikins was interrupted by Mr.
TfIlman. who inquired: Are you In favof
Of an alliance with any European na'
TOM"
4 am in favor Of such an international
agreement" replied Mr. Elkins. ''as vii
enable us 70 use both gold and silver as
standard money"
Would you limit the alliance to
money! PERSISTED Mr.. Tillman.
Well" responded Mr.. Elkins. 81 would
cross only one bridge az time Let Us
settle the financial matter first. I'll say,
however, that I'm not afraid of ALI
suces."
Many Amendments Defeated.
After this debate an amendment OF.
fered by Senator Teller pledging the
United States 10 endeavor TO secure ar
international timetable agreement as
speedily az possible was defeated by a
vote OF q 10 -. O.ler amendments were
defeated, as follows:
By Nr stsEsu-Pr0Vidng for the payment q,
boais o. the United States in coin Of the standard
fixed By the act Of July H. is7e. Laid on Ii.
tsbls-44 to g
BY Mr.. Pettus-ProvIsiug that gold coins and sill
yer dollars coined By the United States shall be
legal tender az their nominal value Defeatei-il
10 81.
b NJ Petigs-ProvIdnr that nothing IN hi.
act should affect the leEai-teader quality Of United
states silver dollars Defezied-4i to 20
b Mr. Vest-Providing for 500 co. coo Of Treas
rr=s- e-a 49, 81 -
Secretary Of the Treasury to any person who would
deposit United States bonds as security Defeated
without division.
By Mr.. NeLsurin-To repeal the tax on stats
banks. De,es,ed-37 70 20
BY MF. Aorgsn-Declaring II to be the fixed
policy o. the United States TO pay the national debt
rapidly possible that the gold and silver spe
Gle basis Is the only tue Just and constitutional
and that bonds should be paid in coins Of gold
or silver. Defeated-47 to q.
Mr.. Jones. Of Arkansas. then offered as
a substitute for the Senate bill measure
providing for the free and unlimited coin
age OF silver. That, too, was lOst-F 70
S-the vote being along almost strict
party lines, Senator's Lindsay, Of Ken
lucky, and Caffery, of Louisiana, voting
with the Republicans.
Provisions of the Bill.
The bill, as passed. consists Of ten sec
tons. 1t provides that the dollar of q $40
grain OF gold nine-tenths 1ne shall be
the standard unit Of value, and that all
forms of United States money shall be
maintained at a parity with it: and that
Treasury notes and greenbacls shall be
redeemable in gold.
The Secretary of the Treasury is to set
apart fund of 10000 90 IN gold for the
redemption Of these notes, and TO main
tain this fund at a figure not below $780,
0O0,I0, he is empo wered to sell bonds o.
the United States bearing interest at not
exceeding per cent
1t shall also be the duty of the Score
tary Of the Treasury as fast as standard
silver dollars are coined 10 retire an equal
amount of Treasury notes and TO issue
silver 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 SO,
and no silver certifica ties in denominations
of more than $40. The Secretary OF the
Treasury is also authorized 10 refund the
bonded debt Of the United States in thr-
ty-yedr bonds bearing per cent. interest,
the principal and interest OF these bonds
shall be issued al not less than par. Any
national bank, by depositing with the
United States bonds o. this country. shall
be permitted TO issue circUla ring notes TO
the face value of the bonds deposited. 10
bank being allowed to issue circulating
notes in excess of the amount OF the paid
in capital stock of the bank.