Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1900-03-15

! W
was adopted by vote Of 1865 yeas to l20
nays, present and not voting ten. The
senate had already adopted the confer
ence report so that it remains only for
President Mckinley to atfiix his sigma
ture to the measure to make 1t a law.
Representative Overstreet (rep., Ind,
author Of the bill, will take it to the
white house today and the signature
will likely be affixed soon thereafter.
The debate on the report continued
| throughout the day, Mr.. Overstreet
opening and Mr.. Brosius (rep. PENN
closing in support of the measure,
while Mr. Little tdem., Ark.) closed in
opposition, with a severe arraignment
of the bill.
Mr., Williams (repr I'D asked
whether it would be possible in case
an international bimetallic agree
ment were reached to escape paying
the refunded 30-year per cent. gold
bonds in gold, and such being the case,
whether the bill could be considered
an encouragement to international hi
metalism. "The bonds could be paid
only in gold" responded Mr.. Over
street. This bill holds out not
the slightest hope Of Internal
iOnal bmetalism under present CON
dtions. say frankly this bill will
make it practically and absolutely i'm
possible ever to have international
| bimetallism at the ratio OF III to |.
| Mr.. McRea (dcm., ArkD followed Mr.
| Overstreet with Il general argument
in opposition to the principles embod-
led in the bill. Mr. Leads (dem., Ca
also spoke against the conference re-
port, particularly against the IMPOSE
lion OF the gold standard. Mr. Fitz-
gerald (dem., MasSD spoke OF the ire
uucncy of national bank failures and
citing the Globe National bank case,
asked what protection the people had
when the government bank examiner
| had pronounced an institution all
right ut a time when irregularities
were going ON. Mr.. Hill (rep,, Comm
supported the conference report
Messrs Maddox (GaD Nuonan CHI
and Shafroth (Col) democrats, spoke
against it, MIR. Little tdcm., Ark.)
closed the debate against the report
| He declared it would mark the black
est page in our Legislative history, He
closed as follows: rhC forces of pa
| ri0tism and integrity have selected
their leader i'll advance OF the conven-
ton and with that leader, that incor-
luptibIc iuvncible, and fearless trib-
uue of the people, William Jennings
| Bryan, they will drive you and your
cohorts of corruption from place and
power forever" MIR. Brosins Gep,
! Pa.) chairman Of the committee on
| banking and currency, closed the de
bate in support of the bill and report.
Attol pointing out the good
| features OF the Mil in est9h-
fishing a stable system Of
finance. he concluded, in part as fol
lows: This measure is long step to-
ward the splendid prc-eminence we are
achieving as world power, Ameri-
can credits are affecting the finances OF
the world The british WAT loan an!
! the Russian loan have sought Ameri-
lean takers, and we supply these calls
as we did the payment to Spain, with
out strain, out Of our abundant com
mercal credits abroad. These are
momcntous events, and they show the
marvellous development Of the United
States and our power to command the
! I, Ht,D fNf -
world. \ financial empire is before US,
| following in the wake Of commercial
superiority, and New York Will ere
long have supplanted London as the
clearing house Of the world. This IS
but a part OF our great financial NIL,
but one terrace in the height OF destiny
this nation is climbing. Let us then
20 forward achieving primary among
nations; taking that position assured
uS by our great opportunities, our
manifest destiny" The conference re-
port was then agreed to, yeas l66; nays
100. present but not voting, 10. N.ne
democrats voted with the republicans
to agree to the report, viz Messrs
Clayton. Grigss, Underhill Levy, Scnd-
lder n. NJ, Denny CMd), McAlee
Pal, rhayer, Fitzgerald CMasso. In
,'her respects the vote was on party
lines The house then adjourned
SENATE.
Personal explanations were made by
Senators Allen tpop. Nebl and Butler
(dcm.. S. c. of their positions on the
financial question Both announced