The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-03-06

bonds. was introduced Immediately after
the insurgents had met their reverses on
the Cummins amendment The regular
Republicans apparently were expecting
the amendment and we're prepared TO
accept it, Senator Carter, who has charge
Of the bill, announcing that he had no
objection 10 il. This amendment went
through by vote OF ~ 70 Il. Many Of
the organization Republicans voted for
this amendment, apparently as a good
political move. BY so doing they have
prevented the insurgents from saying
that the Republican Senate organization
was solidIy against the amendment
Amendments Voted On.
An amendment was offered by Senator
owen. OF Oklahoma, authorizing the
President. in his judgment. TO issue GER
tificates OF Indebtedness bearing interest
at the rate OF per cent This amend
ment was defeated by vote of 50 to 4
Then the vote was taken on the Smoot
amendment, against which the insurgents
have been fighting II provides for the
withdrawal of the postal savings funds
by the President for investment in gov
eminent bonds in times of war, or when
ever any other contingency involving the
credit OF the United States arises. This
amendment was passed by a vote of IS
ayes 70 "a noes. Senators Bourne. la
Toilette, and McCumber Joined with the
Democrats in voting against the amend
ment. and Senator McEnery. OF Louis
lana, voted in the Affirmative with the
Republicans.
Senator Gallinger, OF New Hampshire,
offered an amendment putting trust COM
panies on the same basis with State
banks In the matter of receiving de-
posits. but 1t was voted down. The vote
on the bill itself was 80 ayes to p noes
Senator George E. Chamberlain. OF Ore
son, was the only Democrat who voted
for the bin. Otherwise it was 8 strictly
party vote.
How Senator's Voted.
On the first roll call on the passage of
the bill Senator Burton, OF Ohio. was
silent He heard his name called and
heard Il repeated He had told some of
his colleagues that he was uncertain
whether he could vote for the bin or
not. On the second roll call. however.
he asked to be recorded in the afirma-
tive. Practically all of the insurgents
were present Senator La Toilette said
that he could vote for the bill because
1t had been modified by the Borah amend
ment Surprise was expressed when
Senators Hepburn Of Idaho, and Cal
linger, of New Hampshire, voted aye"
Senator Hepburn has been one of the
most persistent opponents of the measure.
Senator Bristow. of Kansas. was absent
on account of sickness, but was paired.
Senator La Toilette announced the cause
of his absence and said that Mr. Bristow.
IL ne were present. would have voted for
the bill
The administration leaders say that
there are now outstanding s52S.vVo,0Oo of
bonds bearing more than PA per cent in
terest. in which the postal savings de-
posts may be invested under the terms
OF the bill Only q little over slsl COO 900
of these bonds. however. are held by the
government as security for national bank
circulation, as compared with the $780,
0o0. 800 of per cent bonds. The insur-
gents point out also that under the bill
in its present form the government win
not be able to invest the deposits in the
$3.50, 000.9O0 OF Panama Canal bonds au-
thorized, but not yet issued