OCR Text |
Show of the bill. The discussion was confined quite generally to the merits of the measure. meas-ure. On some of the amendments suggested b Democratic Senators, several Western Republicans voted In the affirmative, but Mr. McCumber was the only Republican who voted' with the Democrats against the final passage of the bill. The most notable change made during the day was the lowering of the rate of Inttrest on railroad bonds to be guaranteed guar-anteed by the Philippine Government, from 5 to 4 per cent. The bill as passed exempts from taxation taxa-tion all bonds issued by the Philippine and Porto Rican Oovernments; authorizes author-izes municipalities In the Philippines to incur a bonded indebtedness amounting to 5 per cent of the assessed, valuation of their property, at 5 per cent interest; authorizes the Philippine Government to Incur a bonded indebtedness of $5,0u0,000 for improvements, at 4V4 per cent interest; inter-est; authorises the Philippine Government Govern-ment to guarantee the payment of Interest Inter-est on railroad bonds, at the rate of 4 per cent per annum; provides for the administration ad-ministration of the Immigration laws by the Philippines authorities; establishes a system for the location and patenting of mineral, coal and saline lands; fixes the metric system for the islands and gives the civil Governor the title of Governor-General. Governor-General. During the day Mr. Reverldge, from the Committee on Territories, reported the Statehood bill, and he will make a motion mo-tion on the first day that the 8enate convenes con-venes In January that the consideration of the bill shall be entered on at once. |