The San Francisco call., 1903-01-23
Leaders Meet Signal
Defeat on Philippine
Coinage.
American Money Only Is to
Be Legal Tender After
Six Months.
Views Of Secretary Shaw Prevail
Against Those Held by Gov
ernor Taft and the Phil
ippine Commission.

WASHINGTON. Jan 22--The House
leaders went down 10 signal defeat to-
day when the House. by a vote OF 146 TO
Us. rejected the Philippine coinage bill
reported by the Insular Affairs Commit
tee and adopted the substitute offered by
th minority for the introduction Of
American currency and the American n
coinage system in the islands The in
sular committee includes in lis member
ship the chairmen Of the most powerful
committees OF the House-CannOn. chair
man Of appropriations; Hit, chairman n
Of foreign affairs. Payne, chairman Of
ways and means, Hepburn, chairman Of
interstate commerce. and Tawney, chair
man of the Committee on EXposiuOns.
They reported a bill 10 establish the gold
standard in the islands and 70 authorize
The coinage Of silver pesos Of 40 grains
70 be made legal tender al the rate OF two
rAsos for one gold dollar The majority
members made a gallant fight for their
bill. but a considerable number OF Re
publicans twenty-eight on the final vote,
under the lead of Hill Cf Connecticut,
Fowler Of New Jersey and Mccall of
Massachusetts, Joined with the Demo-
Gratis and carried through the substitute.
SHAW'S VIEWS HAVE WEIGHT.
The fact that Secretary Shaw and other
high treasury officials were quoted on the
llNNL d. AhNnAllle Allt rADSAlAuAt dAQGu III
the overthrow Of the committee bill
Their opinions were advanced as against
those Of Governor Taft and other mem
bcrs Of the Philippine commission.
The substitute passed provides that
the lawful money Of the United States
shall be a legal tender in the Philippines
and declares the coinage laws OF the
United States 10 be in fun force there.
j provides for the redemption of the
Mexican and Spanish silver, not includ-
ing any. Mexican pesos imported into the
islands after March IS. 1903, at their bull
lion value as declared from time 10 time
by the Philippine Commission, the silver
coin authorized by the Philippine Gov
ernment act TO be redeemed at the rate
ot Two pesos for 81 OF United States cur
rency. After six months no coin except
that Of the United States shall be legal
tender, with the following proviso:
That all debts. except those otherwise pro-
Nl-eo TOT IN the contract, owing on the date
when this act shall take effect OF contracted
within SIX months thereafter. shall be PAYABLE
IN che silver coins now in circulation in the
fhhi rI,ine Islands or in the lawful money Of
prescribed al the time by the Philippine Com
mission
MINT AT MANILA.
The bill provides that the pesos coined
unGer the Philippine Government act and
thc Mexican and Spanish coin when re-
deemed or received for public dues on
the above basis shall be coined in United
Stetes coin at the mint authorized TO be
established in Manila
A resolution was adopted calling upon
the Secretary Of the Treasury for a iist of
national banks holding Government de-
posits' other than deposits OF disbursing
officers, December 81. 1892, and On each sue
ceoding December 81 up TO the present
time. with the amount held and the ay-
erage amount Of such deposits in each
year The House then proceeded to the
consideration Of the Alaska delegate bill.
The bill was supported by Cushman OF
" washington, WOOten Of Texas and Sui
ger of New York, and opposed by Warner
II Illinois Without action on the bill
the House at 5:35 p. m. adjourned.