The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1900-02-16
SENATE FINANCE BILL
Goes Through by the Decisive Vote
of 46 to 20.
IT MAINTAINS GOLD STANDARD

Hut an Amendment offered by tn,
Finance Committee Keeps the Doc
Open ForInternationalB BIN etalism
Kyle the Only Senator Not Counted
Washington, Feb. 16.--The senat,
substitute for the house currency bill
was passed by the senate yesterday b,
the decisive majority Of 46 to 20. Priol
to the final passage Of the bill amend
ments were considered under the ter
minute rule. Only two of these amend.
ments were adopted, viz, one offered
by the finance committee keeping the
door open to international bimetallism
and one by Mr.. Nelson, of Minnesota
providing for national banks with $685.
100 capital in towns Of not more than
1000 inhabitants.
The votes taken on the various
amendments offered were practically
along party lines. Mr.. Chandler (Rep,,
N. Ill., voted for the bimetallic amend
ment, but against the bill, while two
Democrats, Gallery CLa) and Lind
say Ky.), voted against the commit
tee amendment, but for the bill. Mr..
Kyle Is. d. was the only senator
who did not vote and was not paired
The free silver substitute offered by
Mr.. Jones, the leader of the Demo-
cratic side, was defeated by a nit
jority of 10, the vote being At to %.
The bill, as passed, consists of ten
sections.
1t provides that the dollar of rs $40
grains Of gold nine-tenths fine shall be
the standard unit of value and that
all forms of the United States money
snail be maintained at a. parity with It:
and that treasury notes and green
backs shall be redeemable in gold.
The secretary of the treasury Is to
set apart fund Of $3.50, 100000 in gold
for the redemption of these notes, and
to maintain this fund at figure not
below $lO0,000,000 he is empowered to
sell bonds of the United States bearing
interest at lot exceeding per cent.
1t shall also be the duty Of the Sec
rotary of the treasury as fast as stand
ard silver dollars are coined to retire
an equal amount of treasury notes and
to issue silver certificates against the
silver SO coined. Under certain pro-
'AoAoAAot wv, 6olu SCl LlACdlcS Suull UG
issued against the gold held in the
treasury. No United States notes or
treasury notes shall be issued in de-
nominations of less than $40 and no
silver certificates in denominations of
more than $40. The secretary of the
treasury is also authorized to refund
the bonded debt of the United States
in 80 year bonds bearing 2 per cent
interest, the principal and interest of
these bonds to be paid in gold. The
2 per cent bonds shall be issued at not
less than par. Any national bank by
depositing with the United States
bends Of this country shall be permit
ted to issue circulating notes to the
face value of the bonds deposited, no
bank being allowed to issue circulate |
ing notes in excess Of the amount of |
the paid in capital stock of the bank.
After the passage of the financial
bill the senate made the Hawaiian /
government bill the unfinished busi-
ness.
The house yesterday completed 20 of
The 124 pages of the legislative, execu-
1--we and judicial appropriation bill
without amendment. During the gen.
aral debate, which closed at 4 o'clock,
variety of topics were touched upon.
Mr. Underwood (AIa.) discussed his
to repeal the fifteenth
to the constitution.