The Afro-American advance. [volume] (Minneapolis, Minn. ;) 1899-19??, 1900-01-06
House and Senate Pass Resolutions
Requesting Information of
His Recent Actions.
FINANCIAL BILETAg5N# UP IN SENATE,
Rend and senator Nidrich uRkcs
the OprntuR speech on the uill
Various Revolutions Introduced
Ia CUnE rpsA.

consideration, The resolution. as mod
flied, is as follows.
"Bo,oivtd. That the s,greiary Of the
treasury bt, and he s. hereby requested 90
furEish tn house ef Representatives the
following Uturmbuaut
First Copies ct al lett,rH. agreements,
papers or documents between the treasury
department OF the United States or any
perHon connected herewith and the Ma
uoHM city bank and ,hr Hanover rational
bank, al tbc city az New York, or any
person uctiuE tor Them or either Of them,
since tho fourth dav OF March 1897. re-
Iating TO the depaslttnE of public turta
bonds or revenues sn sad bar or bHnlF
or AIRY other THla iluUE or huztuHsH tran 8C-
tons NOW existing or HERETOFORE had er-
tween thu government and The said banjo
or either 81 them.
second The amount II public money
bonds or revenue Deposited with said
banks. or either of them. er with any va
npnai bank. by the Eoverum Mt, upon what
security, Tor what length q time aud TIE
rraAopA therefor, and whether said banks.
or any OF them. have paid The govern
mont any Interest on Hald deposits. tni
II sn how much. and all other aturWHt lion
concerning the same Of In any way relating
thereto
"Thlrd And a'fo the date OF the a1lo
OF the custom house property OF 'Ie tHitsd
CITY bank, uc date Of the eN rutian ~ the
deed thereto. the date aud manner ot pay
meUt pf the purchase money therefor. thr
disposition Of the proceeds 81 the sai1
rIlo anu whether or not the K0verrme I
has paid amy rcntH FOR The aaid property
or any portion thereof Tor any pun otc.
since the day of sale and II so to whom.
and Ga facts relating 20 the said tranHlc-
ton"
Accents the Amendments.
Mr. Seller AROSE after the prcsentn-
ton OF the resolution and said he
would accept the amendments.
Mr. Richardson. the minority lead
err, asked for five minutes, which he
desired 10 yield TO Mr. Levy (dem.,
y. ". The request was complied
with, and Mr.. Levy offered an amend
mont 10 the resolution which In
cluded request for tile secretnFy's
reasons for delaying The deposits IN
national banks until the panic bad oc-
CURED. MIR Levy said hc had warned
the secretary IN September that a
panic was imminent Had the sec
rotary needed that warning and de
posted government funds Iu national
hanks in september or October in-
ftcad Of buying bonds, the panic
would have been a,oIted The amend
mrut was promptly ruled out Of or.
der. aud the resolution rs offered 10y
Mr.. Payne was adopted.
Then nt 1e;20 p, m. the house I'D.
lourned until Monday.
srnntc Passes Like Resolution.
Washington, Ian. 3. The resolution
introduced by Senator Alien request.
ing Information concerning tho Han.
over and National city banks was
modified and prsacd.
The Pcttiprrw resolution calling
upon the secretary Of ~" navy for
the report ~ ADMIRAL Dewey Ia April.
1898. in which thc admiral said Do
could take Manila nt my time, went
over under objection by Senator
Spoonor.
sonntlr Cullom from the committee
on foreign relations, reported the bin
proNcup government for the Ila-
waIian islands with amendments
Financial nIu Taken ~.
Thr financial bill was then taken
40, and after the senate Eubatitute
had been read. Senator Aldrich ad-
dressed the senate on the bill he
spoke IN part aa follows;
II propose 20 submit al this time hfief
rrp'auatiaH Of the eubeiiiuin offered ~
house hili SO ! AMI 20 atatH some ~ The
reasons which id f. majority 81 tho com
mittfU on finance 10 recommend So sdop-
ZION BY tho ffnHts.
"Thc general purpose ~ the BIN IL 20
dff.ars anew that god ls the MONETARY
standard 81 the Ueitfd Htatss 20 estab-
Hah confidence In the Intention and ahili-
- a. our government TO give the great
sE' possible measure u stability b. value
10 t,F currency and 10 provide Tho means
for securing for q a. aii times equal
purchasing power ulth gold ~ iRhien
TO- eyery possible way the burdens i'm
pasci upon Taxpayers hY existing public
obligations and 30 strengthen ths public
credit
Not Hostile 40 BImstaIIisH
The ttli row before ths senate contains
no diH8vpwai 81 tba poaiti0a heretofore
taken upon the question 81 International
bimftaiilsm ard psaGff 10 obstacles 81 the
way a. ita acoofnps ahfasHt r. ths future
n il iH p1Haibis ~ Hnfuts paFmausueH ~
relative value 70 god ard silver coins
wlih Tho free soifags 81 both metals ~ q
6xfd ratio this fsfn.aHefss car Only DE-
secured - concurrent aeti9n Of all he
leading commercial nations
The nrst section contains a etthr ard
dsauifs declaration ttHt The god aS.af
b. ard shall eeafiHas to ha tba atandafd
urit Of YsIuf q HsH anH more sthphaiie
pledge or the part AZ TIE tHltf1 ststss
that ell forms Of money Il may tissue 81
egin shaif - A. al times naih 'nihed az
an equality q Va1Hs VIII the GOD con
adopted aH ths staHzaf8 ard 4 specific
pros lREgu that Tinted States faEss sad
treasury nDtss BBaH pfsssaiafisa ~ ths
treasury. bs REDEEMED tn standard god
eoia.
The Reserve Fand.
The abcoBd sssiloa provides far 8 re-
serve fBsd ~ tlss se 90 In god 70 secure
tbs prompt nH9 esftaiH redemption ~ cut
star ding tfritea States notes ard ffeasBrY
h8tes This fgu8 is ihsfssEaH GAsagi 20
over fhss Which Is aog Hsi8 - the ifess,
aFy fSF fessmpssoh paTpe4ss
NenHtOr As9F8eh quoted EtafsHiiea On thf
gold Production 70 STOW thst fhafh viii
b. 70 6ifge@iiy ~ sscufihK BY mss 81 notes
tss gold which N3 b. ueeaxssf - 70 main
tain iha fasd - Is max mum amount
The COMMITTEES d Hqf HaEsstt a9y
changes 81 sbs status u the silver e0liar
- ihs silver esrtiafsts Ws 80 hef pro-
pose 10 tska aNaF ffsm silver anY u fhs
m1hs2ary privileges o Hfsfe9aiiyss which