The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-12-30
COMPRESSION AL.
MONDAY, Dec %,
NAVY PENSION FUND.

NAVY PENSION FUND.
On motion of Mr.. F. THOMAS, the House,
bn unanimous consent, resolved itself into Com.
mittee of the Whole on the state of the Union,
(rdr. MCKAY, of North Carolina, in the chair)
on the following bill;
"A BILL concerning Navy pensions and half
pay.
''Be il enacted By the Senate and House Of Re
personalities oftke United States Of .dmsrtca IN
Congress assembled That the sum of one hun
bred and fifty-one thousand three hundred and
ffty-two dollars and thrty-nine cents be, and
the same is hereby, appropriated, TO be paid out
of any money in the Treasury not otherwise
appropriated, for the payment of pensions and
haif-pay chargebe on the Navy pension fund"
The bill having been read
Mr.. Thomas sent to the Clerks tsble the
following letter from the Secretary of the Navy;
which was READ:
"NAvY DEPARTMENT, DECEMBER l, 1910.
'sSIR: have the honor 10 state that the
whole amount of money how on hand, TO pay
Navy pensioners, is $lS,647 81; and that there
will be required in addition thereto, for that
purpose, for the ensuing year, l84l, the sum of
SI5I, 1852 80; of which the sum of lS5l, 476 73
will be want ID to meet claims for rensions be-
coming due on the 1st day of January next.
"The stocks at present owned BY the Navy
pensieR fund are
City of Cincinnati 5 per cent. 100000
City of Washington 8 per cent. 1889
Bank oil Washington lf,OO0
Union Bank of Georgetown ll,4OO
Nominal value SI5S,739
eAll these stocks have greatly deprecated in
value, and some of them are now altogether
unsaleable. The stock of the city If CIncin-
na;i, standing highest, has been advertised TO
be sold at public auction on the 18th OF this
month"; (Dec.) for the purpose, in the first place,
Of reimbursing the Bank OF America the sum of
fifty thousand dollars advanced to the fund on
deposte Of the said stock, TO meet the pay
ment of pensions which became due on the list
of July last, and afterwards to meet, as far as it
may suffice, ;be payment falling due on the LIST
OF January next
To luuitate these and other claims becom-
ing due in the year IS4l, and at the same time
TO prevent the great sacrifice which must ensue
if the stocks belonging to the fund be sold at
this time, have the honor to request that you
will be pleased to call the attention of Congress
to the subject at the commencement OF Its APP
preaching session, ard to recommend an imme
! diate appropriation of the above named sum OF
| SI5I, 352 80 in aid of the fund; the deficiency
Units means of satisfying the just claims Open
| sioners, which, by thu act of Congress OF Esd
April, $780, the public faith was pledged to sup
| ply, having occurred.
81 have the honor to be, very respectfully,
your ODE dent servant,
JK. PAULDING.
$40 the PRESIDENT of the United States. "
Near the close of the debate which ensu-
ed
Mr.. SHEPARD, of North Carolina, moved to
amend the bill by adding the following Sec
| ton:
Sec. ,. find be it further enacted, That the
| act of March 3, 1889, entitled San act for the
more equitable administration ofthe Navy Pen
sion Fund, be repealed.
After some debate on this amendment
Mr.. PEEK moved the previous question;
which was ordered, and the question was put
on the amendment of Mr.. SHErARD, and car
ried, as follows:
uYEAs-Messrs. Anderson, Anterior, Banks;
Beirne, Black, Blackwell, Boyd, Brewster
Burke, Sampson n. Butler, William o. Butler
VIM b. Campbell, Carr, Casey, Chinn, Clifford
Coles, Conner, VIM. r. Cooper, Crabb, Dana
John w. Davis, Garret Davis, Dawson, De
berry, Doig, Duncan, Earl, Eastman, Ely
Fine, Fisher, Floyd, Galbraith, Garland, Gerry
Giddings, Griffin, Hand, Halves, Hill, OF n. Z
Hubbard, Jackson, jameson, j. Johnson, Cave
\ johnson, N. jones' I1cduDeltSI3 l-eWloo 1No"C'l
Lucas, Mcclellan, Mckay, Mallory, Marchand
Medill, Montanya, PARIS, Pickens, Pope, Prem
tiss, Reynolds, james Rogers, Ryal', Shaw
Albert Smith, Steenrod, Strong, Stuart, Swear
ingen, Francis Thomas, Waddy Thompson, jr.
Jacob Thompson, Turney, Underwood, Vroom
Waterson, Weller, Henry Williams, Levi!
Williams, c. II. Willlams-S1.
NAYs-Messrs. Adams, ]. Allen, Barnard
Beatty, Boardman, Calhoun, Carter, Chitten-
den, Clark, Cranston, Davee, Edward Davies
John Davis, Dellet, Edw ards, Everett, fillmore
Gates, Goggin, Goode, Granger, Graves, Green
Habersham, Henry, Hill, OF Va, Hllen, Hook
James, Kempshall, Kille, Lane, Leet, Lincoln
McCarty, McCulloch, Marvin, Mason, Mon
roe, Moore, Morgan, Morrow, Naylor, New
( hard, Osborne, Paen, Paynter. Peck, Randall
: Rariden, Rayner, Reed, Ridgway, Edwar
Rogers, RUSSELL Saltonstall, Simonton, Slade
Truman Smith, Thomas Smith, Stanly, TaiIa
ferro, John B. Thompson, Tillinghast, To
} land Triplett, Trumbull, Peter j. Wagnei
: Thos. w. Williams, Joseph L. Williams, Wis
3 10.
The bill, as amended, was then order to
third reading; was read the third time forthwith
and passed, and sent 10 the Senate for concur
:, renee; ald, so far as the House of Representa-
| lives is concerned, the act of Sd March, 1881
d for the more equitable administration Of tn
NAVY naasion FIND is repealad