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Bath, Sagadahoc County, Maine
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The Treasury Note Bill passed the House narrowly after revisions, allowing the government to issue up to $10 million in notes under prior restrictions. A reconsideration motion failed by tie vote, signaling the administration's impending downfall.
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Domestic News Details
Outcome
bill passed narrowly (110-109, tie on reconsideration defeated by speaker's vote); allows $10 million in treasury notes with restrictions; signals administration downfall.
Event Details
The Treasury Note Bill passed the House after removal of objectionable features. Original bill sought unlimited issuance power; final version limits to $10 million under October bill's provisions. Reconsideration motion failed 110-109, with Speaker breaking tie against.