Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-02-16
as TO 20.
Currency Bill Substitute Passed In
the Senate. ae s

WASHINGTON, Feb. 16.-The senate
substitute for the house currency bill
was passed by the senate by majority
Of 46 te 20, Prior to the final passage Of
the bill, amendments were considered
under the ten-minute rule. Only two
of these amendments We're adopted,
viz: One offered by the finance COM
mittee, keeping the door open to interna-
tional bimetallism, and one by Mr.. Mel
son (Minn.) providing for national banks
with 900 capital in towns of not
more than $4,000 inhabitants.
The votes taken on the various amend
ments offered We're practically along
party lines. Mr.. Chandler rep, N.
H. voted for the bimetallic amendment,
but against the bill. Mr.. Caffery Dem +,
La and Mr.. Lindsay (Dem., Ky.)
voted against the committee amend
ment, but for the bill Mr.. Kyle IS.
d. was tho only senator who did not
vote and was not paired. The free sill
yer substitute offered by Mr. Jones, the
leader Of the Democratic side, was de-
feated by a majority of 10, the vote
being AZ to 20.
The following is the detailed vote on
the passage OF the bill;
Yeas--Aldrich Allison, Beveridge Burrows,
Caffery, Carter, CLARK twyo.) Cullom, Davis,
Deboe, Depcw, Elkins Fairbanks, Foraker,
Foster, Frye, Gear, Hale, Hanna, Hansbrough,
Hawley, Hoar, Kean, Lindsay, Lodge, Mcbride,
McComas, McCumber, Mcmillan, Mason, Mel
aon, Penrose, Perkins, Platt Comm, Platt IN,
W, Pritchard, Quarles, Ross, Scott, Sewell.
shoup, Simon, spooner, Thurston, Wetmore,
" Nolcott-46.
Nays--Bate, Berry, Butler, Chandler Chill
ton, Clark (Mon,l, CLAY, Coclirell, Culberson.
Daniel, Harris Hcitfeld, Jones (Ark.), Jones
New, Kenney, McEnery, McLaurin, Martin,
Money, Morgan, Pettus, Rawlins, Stewart, Sui
Ivan, Taliaferro, Teller, Tillman, Turlsy, Vest
20.
The bill, as passtd, consists of ten Sec
tions. Some of the provisions, i'll sub
stance, are:
1t provides that the dollar OF 20 BIO grains of
gold, 9-l0 fine, shall be the standard unit of
value, and that all forms Of United States
money shall be maintained at parity with it,
and that treasury notes and gracnbacks shall
be redeemable in gold
The secretary of tho treasury Ia to SET apart
fund Of 1000 900 in gold for tbs redemption
Of these notes, end to maintain this fund at o
figure not below Sl00O00,O 600, he is empowered
10 sell bonds of the United States, bearing In
terest at not exceeding 0 per cent.
1t shall also be tho duty Of tho secretary OF
the treasury as fast as silver dollars are coined
to retire an equal amount II treasury notes
and to issue silver certificates against the sill
yer so coined Under certain provisions, too
gold certificates shall be issued against the
gold held In tho treasury. The United States
notes or treasury notes shall be issued in de
nominations Of less than $40, and no silver Ger
tiacates OF more than $40. Tho secretary oi
the treasury In also authorized to refund the
bonded debt Of the United States in 80-yeai
bonds fearing per cent interest. the principal
and interest Of these bonds to be 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
be permitted to issue circulating notes to tht
facc value OF the bonds deposited, no bank be
ing allowed to issue circulating notes in cxccs:
of the amount of paid in stock of the bank
After the passage Of the financial bill
the senate made the Hawaiian govern
inent bill the unfinished business.