The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1840-12-31
HOUSE OF REPRESENTATIVES,
WEDNESDAY, Dec. 30, 1910.


After the reading Of the journal
| Mr. ADAMS asked leave to offer the following re-
solutions
Resolred, That the investment in the stocks of the
several States of the Unon OF funds held by the Go
yernment of the United States, in trust, is, to the
amount of the sums invested, and of the interest
thereon, assumption by the United States of the
debts OF the said several States in the event of their
failure punctually to pay the same.
Resolred, That the purchase by authority OF any
Executive Department Of United States of the bonds
of any of the States of this Union at the nominal
value with premium thereon, and the subsequent
sale of the land bonds at discount is unwarrant-
able and wasteu dilapidaion of the public funds.
Resotrcd 1 hat 1t is the duty of the Executive 90
vernmcnt of the United States to require of the go
yernment OF each and every State of this Union, (on
whose stocks, investments otthe public moneys held IN
trust by the of the nted States have been
made } punctua payment in specie its equivalent
OF the interest and stipulated in said stocks, and re-
payment of the principal soon possible by the
terms OF the contracts upon which such stocks have
seyerally been issued,
ReSotred That the further investment of any pub
lie funds of he United States in stocks OF the several
States ought forthwith be prohibited by law, and that
the Committee of Ways and Means be instructed TO
report a bill for that purpose,
Mr.. ADAMS moved suspension Of the rules OF
the House for the purpose Of considering the resolu-
tons.
Mr.. CAVE JOHNSON objecting,
The resolutions were laid over under the rules OF
the House, and ordered to be printed.
Mr. SAMSON MASON asked leave to offer a re-
solution requiring the Secretary of War to report to
this House the state of affairs in relation to the
Choctaw Indians, &c. &c
Mr., GlDDINGS moved TO suspend the rule Of the
House for the consideration Of this resolution which
motion failed and the resolution laid the
table,
The motion before the House, being to re consider
the vote on the appropriation bill and its amendment
Mr.. SHEPARD spoke at some length in support
ofhe amendment passed, and indicating his con
duct as a member of the Committee Naval Affairs,
in offering it.
The gentleman from Massachusetts, had taken il on
himself say that there something unfair in the
amendment he had moved something of trick. He
asked the Speaker if it was in order. He did not
seize sly opportunity thrust the Hotse-and
he hid this occasion behind the Speakers decision
But the gentleman thinks oherwise-hc did no, doubt
his skill in parliamentary rules nor the dgnlfied man
nor in which he urged them on the House,
He would briefly state some reasons in favor of his
amendment. This was the first time Continued Mr.
s. in which we had been called on to appropriate
money for this navy pension fund. 1t was a new bill
not an ordinary appropriation bill tocarry into effect
a particular law The passage of the act of 1887 has
destroyed this fund therefore strictly in order
to consider all the acts relative to that fund He
agreed with the Speaker on this point of order
But if il out of order it was too late to make
any objections on this point. If the gentleman did
make his objections day before yesterday il wasa poor
argument now for the reconsideration OF the vote
Another objection TO this act was, that II was too
/ hasty Who makes this objection Why gentle
man from Massachusetts and another and third
Do they want time to consider this act II young
member had told them he wanted time TO consider it,
il might be proper but his surprise was that old mem
bers should tell them The subject had been before