Show BILL B ILL NOW GUtS GOES TO I Ho R e Adopts Conference Re Report port 1 ort on Oli Financial Measure I IT WILL P PROBABLY Y BE SIGNED TODAY t No N o Hope Held Out Eor International International Bimetallism I Ove Ov et Confesses That the Pass Passage P s sago ago age of the Bill BUI Makes It Absolute Absolutely ly Ii Impossible to Ever Secure S ure the 16 fo to 1 Ratio Littles Severe Ar Arraignment Arraignment of the Republican Par ParI tys Action Says Bryan is the Only Hope Washington March The legislative le step IB in the enactment of the th e financial bill was taken by the house ho use of representatives today when the th e conference report on the bill was adopted ad opted by a vote vete of f yeas nays ISO 10 present and not voting 10 The 1 senate se nate had already adopted th the eon con conference f ference fe reace report so that It only remains f for fo r the president to affix his signature to the measure te to make it a law i I Representative the author of the bill will tike take H it to the White WhiteHouse House H ouse tomorrow and the signature te i iely likely lik ely to be affixed soon thereafter A number of minor bills bilte were passed Mr Grow Pa la in a personal state ment m eat denied that be he had ever said ia Iii a newspaper interview that the Porto Rican R ican bill was an outrage and rob erv cc v Then under th the order previously made m ade the house proceeded to the con consideration si of the conference report upon the th e financial bill I Overstreet Explains Bill Mr tad who was ws in c charge ch arge of the report m in de do detail t tail ta ll the modifications of the b U Il Mr O said that every contained co in the house bill had ben preserved pr in the conference report ex ox ce pt those relative to the taxation of national n bank franchises i The establishment of the gold geld stand standard standrd 1 i ard a rd into law was still its I and a nd essential feature This law would I J he h e said become the foundation of bu i j nesa n ess prosperity of the country Has the secretary of the treasury 1 t the th e power to redeem a sliver silver dollar In gold g old under the amalgamated bill asked a Mr Cole Colo He has ha not replied Mr Overstreet and he did not have the power under the th e original house bill Under this hilt bill will private obliga Mora ti ors be made maSe payable in gold in q Mr Snodgrass Penn Conform to Gold Standard Under section 2 of the original house ba bill b ill replied Mr Overstreet public and a nd private debts were made conforms ti ve to the gold standard That see sec J tion ti on is omitted from the report first because b it is a question In law whether It t would not net be retroactive and see sec ond o nd because having fixed the gold standard s and add recognized it T by y con erting v all public obligations into gold goki obligations o there will be no necessIty to t o legislate concerning private obliga j ti ons as they will invariably reflect j t hb character of government obliga j tione ti ons I i Mr Williams Ills asked whether r I it would not be impossible m in case an international i bimetallic agreement was a 5 reached r to serape escape paying the refunded t 2 per cent gold bonds in gold g old and such being the case whether the t he bill could be considered an en c to international bimetal li Sm No Hope Hopa Pox For Bimetallism The bonds could be paid only in gold g replied Mr Overstreet This bill olds holds h out not the slightest hope of international I bimetallism under present I i conditions c I say frankly that this bill I will t ll retake moke it practically and absolutely abl ely j Impossible i ever to have International bimetallism b at the ratio of 16 to 1 Mr McRae Ark followed Mr I Overstreet O with a general argument in itt opposition o to the principles embodied in i n the bill I Mr Mass spoke of the I frequency f of bonk bank fall ures u rea and citing the Globe National i bank ank b case asked what protection pee peo I pie p ie had when the government baz bank examiners e pronounced the institution all a ll right at the time irregularities were going g on Mr M Hill Cons Conn d the confer conference ence nce e report and Maddox Ga Os Ill and CoL spoke against a it Mr Little Ark closed the de tie bate b ate against the report He severely ar ax I r the the infamies nt of this VIc bill and l t I the t he stealth deceit fraud arid and ion tion t by which this conspiracy has bis forced f its slimy course couse along the path pathway pathway way of legislation until now moat we are areo to t o witness In the light of day Its tri tn triumph mph u over a free people He declared it would mark the blackest page tn Ia our legislative l history He dosed closed as fol foi lows l Bryan the Only Hope The forces of patriotism and integ rity i have selected their leader in ad vanee of the convention which action will be ratified on oat July 4 and with that leader l the incorruptible invincible and fearless tribune of the people William Jennings Bryan they will drive yoo and the cohorts of from from place and power foj ver Democratic ap Mr Brosius Pens Penn chairman of the theof 1 of the committee on banking rency and one of the conferees oa on the financial bill closed the debate in sup port pont of the bill and concluded in part as follows I This measure is a long measure to toward ward wand the splendid preeminence we are achieving as a world power American credits are affecting the finances of the world The Th British war loan and the Russian loan have sought American takers and we supply these calls as we did the payment to Spain without strain out of our abundant commer commercial cial credits abroad Are These pi are momentous events They ThOy show the marvelous development of the States and the power to ones com command mend mand them makes and controls the finances of the world Financial empire is before us and following in the ware wake of commercial superiority New York will ore ere long have supplanted Loon London La JB the clearing house of the world Let us then go forward achieving a prim acy among and taking that position assured by our great and manifest destiny The conference was tim agreed to yeas nays present and not voting 10 Nine Democrats voted with committee on banking and cur viz Clayton Driggs Levy Scudder all of New York Penny Denny Maryland McAleer Pennsylvania Thayer and Fitzgerald York In other respects the vote was stas on eta party lines At p m the house adjourned |