Southern telegraph. (Rodney, Miss.) 1834-1838, 1838-06-27
NMNN',. !, -, A )
misc to hslifS such renew ef

a bose and dissultorv discussion fllow-
ed Of which will take particular notice
tomorrow.
Mr B rchanan declared himself averse to
ho proposition OF Mr. Webster; nni ayoN-
ed he would MT consent that any bank
VII &c notes were to be made receivable in !
payment of puhlc dues, should issue ties
# less denomination than s. after Ocio-
Der next.
+ Benton proclaimed that he would oppose
the receipt # he notes Of any such banks.
The country viii perceive from these
declarations what's TO be expected from the
Administration.
Mr.. Webster according TO notice, intro
duced the fll1wing bill making further
provisions fJr the collection Of The Reve-
nue..
A BILL making further provision for The
collection of the public rcreHHes.
Be ii enacted &c, That the operation of
the act of June 23d, 1886, entitled San act
to regulate the dcposites of the public mo-
ney," as prohibits the receipt of notes or
bills Of specie-pay wing banks, which have
issued since the 4ih of March, 1885, notes
or hills of less denomination than FIVE dol
lars, be, and the same is hereby suspended
until further order Of Congress.
Sec. 2. And be il further enacted, That
it shall be lawful for the Secretary of the
Treasury to select and employ as deposIto-
ries Of the public money, according TO the
provisions Of said act, any banking insltu'
tons which may be established under the
provisions Of law f the State in which it
exists.
Sec. 3. And be il further enacted, That
it shall be lawful for the Secretary OF the
Treasury TO select and employ as deposllo-
ries Of the public money, according to the
provisions Of said act, any bank which shall
redeem its notes and bills on demand in spe-
Gle, notwithstanding it may have stopped
specie payments since the date OF the said
act.
Ser. 4. And be il further enacted, That
the operation Of the Sc, ond section of the
act of April Ii, 1889, entitled San act
: making appropriations for the payment of
Revolutionary aud other pensioners Of the
United States for the year 1885," be, and
the same is hereby suspended unnl further
? urder of Congress.
The following joint resolution was moved
by Mr.. Kennedy and ordered to be print
ed:
Rcsolred By the Senate and House Of
Representatives. Of the United States of
america ia Congress assembled, Tint he
Secretary of The Treasury be, and he is
hereby authorized and required To cause the
public moneys 10 be deposited in such bank
or banks, after the Is h day Of July nexl,
as shall consent and agree to receive The
same On the following terms, 10 wiz:
FIRST, That said bank orb INKS shall agree
to pay over the said public mlneys on war
rant, from time to time, when and whereSo-
ever the public convenience shall require
The same to be paid, in the legal currency
of the United States, if demanded Tree Of
all charge or expense TO the Treasury.
Second, That such bank or banks shall
guarantee all bills of exchange supplied by
it. or them, to the Government, in The trans
ieror payment Of any such moneys.
Third, Thlt said bank or banks shall
perform the same duties in rel ,ion To loans
and pensions, as have heretaf,re been per-
for ned by the Blnk # the Ualted States,
or the depusile banks free Of all charge TO
the Gvornmrnl; and finally III 1t sad bank
or banks shall deposte with the Secretary
Of the Ire isu y,a security for the p lnrn-
: al payment the said punic moneys, aud
for the flhim perlo m nee of the duties
heretufre referred TO, stocks # he United
> States, Treasury notes, or stocks "t he Sc
veral states such us the said Secretary shall
2 approve, TO the amount of five m lions oi
2 dollars, estimating the same by he par val
l. ne thereof
Resolred, That the Secretary Of The Trea-
sury be empowered To adopt all such inca
: ,ures as he may deem necessary Ia carry
+; the above resolution into effect, in such
+ manner as shall most securely provide FIR
E the Seposlle and payment Of the public mo
news IN accordance herewith.
RESOLVED, That it is expedent and pro-
per that so much of the fif section Of the
: acl entitled "An act TO regulate the depo-
. sites of the public m ney," approved on
: the 23l day of,June, 1885, as prohibits the
2 receipt ly The Government Of the notes or
, bills If banks which issue or pay out notes
or bills uf "A less dent m nation than FIVE dol
: lars, be forthwith repealed.
June 10, 1888.
Mr. Wehsters bill making further proyis-
ions for the collection Of the Revenue, came
.up to-day for its second reading
MIR. Wright moved tn lay II ON the table
: for the present. The Committee IF FL
nance, he said, had already reported on all
the questions il involved; aud there could
be no necessity therefore for referring it to
them. His object now was 10 delay any
action on the matter, unit the Senate should
know the decision Of the House on he Sub
Treasury bill.
Mr.. Webster, 81 have no objection" the
bill was accordingly laid on the table.