The Afro-American advance. [volume] (Minneapolis, Minn. ;) 1899-19??, 1900-01-06
Converting NationnI ncbt.

Converting National Debt.
"rhr sixth section Of the substitute gives
Ia the secretary of the treasury authority
to convert a portion Of the national debt
INTO buHda hearing tNa per crnt. interest
The proposition rahtrHnia3ea a profitable
anticipation 81 interest PAYMENTS and con
ssqueHt reduction of the public IL bt
w hetteVe il ia #tWaayalble 10 oVsreHu
Mate the adNnntaEe= Witch would accrue
10 she t'Htted States from plaelHE lta ma
itefai dgbt uHnB a tNe per cent basis. aud
kFspiHE tia abilg atiaBa. issued al this rate,
q par IA the markets 81 the wurti
'by the provisions Of this hiH We re-
move al possible douhta and apprehrn-
7.oHS as to the character Of our monetary
standard aud make u clear to the world
chat We Intend uuder ail circumstances 20
I keep all forms OF our currency equal In
value with gold, and Il would b. q source
az national pride il w could. Ten addition to
tWa great aghicVetut at. place n, credit
uf lht United States on higher plane than
ia occupied by That ~ a5y uthe- country.
'one Of the priectpal reasons which led
the coutgtttte 20 TFvummt nd this plan OF
conversion was that the heaan suggested
would Doe Huoh woft sirah ,r as basis
for national hank note circulation than the
outstanding seCuritigs, Il 20 the duty Of
/ ruaErrHs. ia the puh,e interest. In so modi.
/ ~ The national baulttag uc1 as to give to
/ banking associations ara opportunity TO iHs
/ the prlNisjorN OF this hill re enacted into
/ law We may rraanlahls expect a CON
Hidrrahiv increase lH the HaJtoHa' bank note
circulation 80 the near future. aud there
/ "a no reason, u tnc business 81 the rouu-
/ Try demands it, why in time the outrtapd-
I lax circulation Bhoud not equal the capt.
,uiizJtlou ut The bank
senator Nldrch received the inter.
cstcd attention of all the senators
: present, hut he was rot interrupted
10y anyone. At the close of the speech
tine seuntc went into executive sos-
sion, adjourninE at is2l o'clock until
next Monday,
Hold Ftr,t 1ieetinR.
Wasbinpton Jan. 8. The house
committee on Interstate mud foreign
commerce. hc,d its iitst meeting Thurs
day and decided "a grant requests for
bearings lay the Pacific Cable company.
OF Sew York. and the Panama Canal
company Representative Of the
cable company viii he heatl next Tues
day and Mr. flcley, chig( engineer OF
the trutuu aqucduei and Is president
of the American Society 81 civil EnRl.
necrs. will be heurd on the following
Friday concerning the Panama canal
route.
Thanks ~ Fnmpsnn aud sshiep.
Washington. Jan. ; Representa-.
tive bingham. of FeunsA lxanin. Thurs
day introduced the following Joint res.
ulutiousi
Resolved etc That the thanks of con.
Erraa are hereby rendered 10 Rear Ad'
Winfield Scott schleY and the officers and
mon under them for the destruction II ia,
spanish fleet at santiago"
wants Their ah InseNtlRAupu,
Washington, j n. 4. Represents
tive Lcrtl, Of ohio has introduced res
olutiaus rcciliug published reports that
the secretary 81 the treasury viii turn
over internal revenue receipts ~ the
National Cily bank uf New York. aud
providing FOR the appointment Of d
special uon. priisHu committee Of ~
members Of HE house for thorough
ard impartial in,ctiration 10 deter.
mine the truth or falsiiy Of the
Charge"
Resolution ot sympathy.
Washington. Jan. g. - Representa-
ti,c Quar.ce. ~ Virginia. has intro
duced the following house resolutions
I "Esruiyfd. That wr hereby evtsod n
our two JFtfr republics in Africa ihe
Tmury1al and The Orange Free HtRie, oui
deepest sympathy Va the noble. brave aud
patriotic riruER." they are now making M
pfererve ihrlr governments FROM daatfuc.
lion by the bands AZ monarchy"
Collision IA Iia.tnn unrbor