The county record. [volume] (Kingstree, S.C.) 1885-1975, 1900-02-22
GOLD STANDARD FIXED.
The Senate Passes the Gold Finarc:a,
SENATE.

SENATE.
Forty-ffth Day.-The final weeks
discussion of the pending fnarci i
bill was begun in the Senate. The
speakers were two Republicans. Mr.
Elkins. of West Virginia, ard Nj.
Wolcott. OF Colorado. and one Popu-
list, Mr. Butler. of North Carolina. Mr.
ElkinS advocated the passage OF TIE
pending Senate measure in u brief but
lorceful argument. Mr.. WolcOtt,
chairman Of the international bimet-
allie commission OF 1897. spoke for
many Republicans who adhere TO BIZ
metallism, and his speech, earnest and
eloquent. was accorded unusual atten-
tien Mr.. Butler advocated the adop-
tion of his amendment providing TO:
an issue OF paper currency by the gov
ernment.
A house bill for the preservation of
the frigate Constitution was passed
the measure providing that the ship
should be restored as nearly as posi-
BILE to its original condition.
A bill was also passed extending the
powers and functions Of the court OF
private land claims until June 80, 1902.
T.e financial bill was then called up.
anu Mr. Elkins addressed the Senate.
Forty-sixth Day.-The day was spent
in heated discussion of the financial
bill After short session an adjourn
ment was taken.
Forty-seventh Day.-Throughout its
session the Senate had the financial
bill under discussion. After O'Clock
the debate proceeded under the 10 hin
ute rule and at times became spirited
and interesting.
Late III the afternoon a test vote, in
dicating approximately the majority
on the passage Of the bill was taken.
Mr.. Chandler, Rep, n. H.. offered an
amendment to authorize the President
to appoint commissioners TO any inter
national bimetallic conference that
might be called. and It was defeated
by a vote of 45 to 25 The Chandler
proposition out Of the way the discus
sion proceeded on the amendment
brought in by the finance committee.
providing that the provisions Of the
bill are not intended to place any OBJ
stacles in the way of international bi-
mettallism. The Democratic Senator'S
arraigned the Republicans for report
ing the amendment declaring htey were
insincere, and that the prpcsition was
intended to hoodwink the people and
to catch votes.
No vote on the amendment was
reached.
Forty-eighth Day.-The Senate sub
stitute for the House currency bill was
passed by the Senate by the decisiva
majority of 46 to 90. Prior to the final
passage of the bill amendments wero
considered under the ten minute rule.
Only two Of these amendments weri
adopted, viz. one offered by the FL
nance Committee, keeping the door
open TO international bimctallism all
one Mr. Nelson. of Minnesota. provid:
ing for national banks with S25,GCi
capital in towns of not more tina j
four thousand dollars tn shrd sh:a
four thousand inhabitants.
The bill as passed, consists OF tei.
sections. 1t provides that the dol!f
of 25.S grains OF gold, 9 fine. shall |;
! the standard unit Of value and that al
forms Of United States money shall Il
maintained at a parity with i; ant
, that the treasury notes and,Greenback;
shall be redeemable in sold.
The secretary of The treasury rs +
set apatr a fund of S50000000 II So,f
for the redemption OF these notes ar:
to maintain this fund at figure n1
below s100, ,G00.0 900, he is empowered i
sell bonds of the United States bear.
ing interest at not exceeding h;ree PEI
cent.
1t shall also be the duty of the secre'
tary of the treasury as fast as stana'
ard silver dollars are coined to ret.:s
equal amounts of treasury notes and [:
issue silver certificates against the s!!.
yer so coined Under certain proyis'
icns, too. gold certificates shall be IS
sued against the gold held in TIE
treasary. No United States notes ol
treasury notes shall be issued in de:
nominations of less than 10 dollars AMI
no silver certificates in denomination
or more than ten dollars.
HOUSE.
Forty-sixth Day.-The days session