The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-23
Minority's Substitute for Introduction
of the American System I'm the
Islands Adopted.
SHAW OPPOSED THE BILL
AND HIS STAND RESULTED IN OVER
THROW OF HOUSE LEADERS.
Treasury Department Pftted Against
Governor INSTRUMENTATION Of
Less1er's Charges.

WASHINGTON, Jan. 22.-The Republican
leaders of the House went down to signal
defeat to-day when that body by vote of
LAG to 12S rejected the Philippine coinage
bill, reported by the insular affairs COM
mittee. and adopted the substitute offered
by the minority for the introduction of
American currency and the American COIN
age system in the islands.
The insular committee includes in it's
membership the chairmen of the most pow
erful committees of the House, Mr.. Cannon,
chairman of the appropriations; Mr.. Hit,
chairman of foreign affairs; Mr.. Payne,
chairman of ways and means; Mr.. Hep
burn, chairman of interstate commerce, and
Mr.. Tawney, chairman of the committee
on expositions. They reported a bill to
establish the gold standard in the islands
and to authorize the coinage of silver pesos
of 4l6 grains, to be made legal tender at
the rate of two pesos for one gold dollar.
The majority members made gallant fight
for their bill, but considerable number of
Republicans. twenty-eight on the final vote,
under the lead of Mr.. Hill, of Connecticut,
Mr.. Fowler, of New Jersey, and Mr.. Nc
Call, of Massachusetts, joined with the
Democrats and carried through the substi-
tute. The fact that Secretary Shaw and
other high treasury officials were quoted on
the floor as favoring the substitute aided
in the overthrow of the committee bill.
Their opinions were advanced as against
those of Governor Taft and other members
OF the Philippine commission.
The substitute passed provides that the
lawful money of the United States shall be
legal tender in the Philippines and de-
clareS the coinage laws of the United States
TO be In full force there. 1t provides for the
redemption of the Mexican and Spanish
silver, not including any Mexican pesos
imported into the islands after March Is,
1903, at their bullion value as declared from
time to time by the Philippine commission,
the silver coin authorized by the Philippine
government act to be redeemable at the
rate of two pesos for 81 of United States
that of the United States shall be legal
tender, with the following proviso: THAT
all debts. except those otherwise provided
for in the contract, owing on the date when
this act shall take effect or contracted
within six months thereafter, shall be pay
able in the silver coins now in circulation
In the Philippine islands or In the lawful
money of the United States at the rate of
exchange prescribed at the time by the
Philippine commission.
The bill provides that the pesos coined I'M
der the Philippine government act and the
or received for public dues on The above
basis shall be coined in United States coin
at the mint authorized to be established in
Manila.
A resolution was adopted calling upon the
secretary of the treasury for list of ma
tional banks holding government deposits,
other than deposits of disbursing officers,
Dec. 81 1892 and on each succeeding Dec.
81 up to the present time, with the amount
held and the average amount of such depos-
its in each year.
The House then proceeded to the consid-
Grafton of the Alaskan delegate bill The
bill supported by Messrs. Cushman,
Wooten and Sulzer and opposed by Mr..
Warner. Without action on the bill the
House at 5:35 d. m adjourned.