Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-02-16
SENATE BILL PASSED
Vote on the Financial Measure Was
46 Yeas, 20 Nays.
DEFEAT OF VARIOUS PROPOSITIONS
Free Silver Coinage Amendment
Lost, % to al.
PROVIDING FOR MORE BANKS

The Senate substitute for the House cur
rency Dill was passed by the Senate yester-
day by the decisive vote of 46 to 70. Prior
to the final passage of the bill amendments
were considered under the ten-minute rule.
Only two of these amendments were adopt
ed, viz, one offered by the finance COM
mittee, keeping the door open to interna-
tional bimetallism, and one by Mr.. Nelson
OF Minnesota, providing for national banks
With $4,000 capital in towns Of not more
than four thousand inhabitants.
The votes taken on the various amend
ments offered were practically along party
lines. Mr.. Chandler (N.H) voted, for the
bimetallic amendment. but against the bill.
Mr.. Caffery Na) and Mr.. Lindsay QKy)
voted against the committee amendment,
but for the BILL Mr. Kyle IS. Dak.} was
the only senator who did not vote and was
rot paired. The free silver substitute Of
fered by MIR. Jones, the leader of the DEM
ocratic side, was defeated by majority
of nineteen, the vote being Al to %.
The committees amendment was adopted
by 40 to 30.
An amendment offered by Mr.. Stew
arr providing for the payment of bonds of
the United States in coin of the standard
fixed by the act of July IA, 1870 was laid
on the tablet to &c.
An amendment offered by Mr.. Pettus
dollars coined by the United States shall be
a legal tender at the nominal value was
defeated-44 to 81.
Another amendment by Mr.. Pettus pro-
vidinG that nothing in this act should af-
feet the legal tender quality of United
States silver dollars was likewise defeated
- TO 2j
MIR. Vest CMo) offered an amendment
providing for 500, 900 of treasury bond
notes, which should be loaned by the Sec
retary of the Treasury to any person who
would deposit United States bonds as Sc
CURLY. In the course of his remarks on
the amendment MI Vest sharply arraigned
Secretary Gage for his action in relation
to the National City Bank of New York
Mr., Vest, referring to the letter of A b.
Hepburn vice president of that bank said
Il was nothing short of an insult to the
highest fiscal officer of the government"
His amendment. he said if enacted into
law would afford the citizen owner of bonds
the same facilities as were afforded nation
al banks. The amendment was defeated
without division.
An amendment of Mr.. McLaurin $50 to
repeal the tax on state banks was lost
81 to %
substitute. for the Senate bill proposed
by MI. Morgan CAla.) was lost-21 to A.
Mir. Jones tArk.) then offered as a sub
stitute for the Senate bill measure pro-
viding for the free and unlimited coinage
or silver. That, TOO, was lost-47 to Is
the vote being along almost strict party
lines, Senators Lindsay of Kentucky and
Caffery Of Louisiana voting with the re-
oubicans
A substitute offered by Mr. Butler (N.C)
was disposed of without division
After the bill had been reported to the
Senate from the committee of the whole
Mr. Nelson tMinn) offered an amendment
providing for the organization of national
banks with capital Of not less than S25 OOO
III towns whose population does not exceed
1850.
Mr.. Aldrich accepted the amendment and
ii was aloptel