New-York tribune., 1867-02-28
XXXIXru CONGREsS-SEcoND SESSION
BI TELEGRAPH TRIBUNE
SENATE. WASHINGTON, Feb. a, 1897


SENATE. WASHINGTON, Feb q, 1897
THE NAVY ~
Mr. GRIMES Rep., Iowa. called up the bill to
published i'm Yesterdays report 1t passed with an
amendment reducing the number of Cadets to be ap-
% TRIALS u sTATE cao6 COURTS 0U as Act 70 amopa
an Act for the removal Of the from
the state Courts 1t provides that this ACT sai De
"That where a suit is now pending may hereafter be
brought any State Court in which there controversy
State and the matter in dispute exceeds the sum OF s
exclusive costs such citizen Of another state whether
he be plaintiff defendant, II he will make and file in
such State Court am affidavit stating that he has reason
TO- believe that from prejudice or local Influence
may file petition for removal Of the case TO the United
n also regulates the manner in which the transfer OF
the to the United States Courts shall be made
was passed
Mr. SHERMAN Rep., Ohio moved TO take up the Com
pound Interest Note bill, and il was taken up
The question was the Senate substitute for the
House bin The Jil passed by the House, authorizes
the Secretary Of the Treasury TO redeem compound inter
est notes with of legal tenders not 10 exceed
$OOOOOOOO For this the Senate Finance Committee pro
poses as substitute the bill passed by the Senate recently
authorizing the redemption Of maturing compound in
crest notes with certificates Of loans three per cent
interest.
Mr. SHERMAN said the House bill was a violation Of
the terms OF the contract under which the compound
interest notes Issued and TO pass II would be moth
ing else than repudiation. There were DO facts 10
justify such measure especially now when the credit OF
tho country good that money could be borrowed
anywhere at five per cent thought the Senate would
agree that there should be no more legal tender notes
issued. The Government had contracted not 10 do 30,
and in the strength OF this agreement it had raised
money TO carry on the war, which IT could not have
be an act Of perfidy and bad faith.
The question being taken on agreeing 10 the senate
bill as substitute for the House bin, II agreed
60.
Mr.. WILSON Rep, MassJ offered the following as on
additional section:
That every National Bank shall nj all times have
hand in lawful money OF the United States amount
equal TO 25 per cent Of the aggregate amount Of
its notes In circulation and deposits and IL shall be
unlawful for any National Bank to pay interest on
depositSmade In the said bank by any other bank"
Mr. SHERMAN said this proposed two distinct proposi
tons. The Committee ON Finance had today agreed
upon an amendment which he would offer leu Of MI
Wilson'S 1t follows
"That no National Bank shall either pay or receive
interest any portion OF its reserve, when depoed IN
any other National Bank and the Compound Interest
Notes shall not be held counted part Of their
reserve after the first Of July next"
Mr. shermaB's amendment was agreed 10, and the bill
as amended was passed in the following language:
SECTION !. That fdf the purpose Of redeemng and
retiring any compound notes outstanding the
Secretary of the Treasury s hereby authorized and
prescribed by section Of the Act entitled, An Act
authorize the issue OF United States notes and for the
redemption or funding thereof and for funding the float
ing debt Of the United States approved Feb 23, 1862
hearing interest al rate exceeding three per
per annun, principal aud interest payable In lawful
money on demand and said certificates Of temporary
Sodns @ or owning the same as part o the reserve pro-
vded Tor in Sections and 81 of the act entitled "An
Act TO provide National currency secured by pledge Of
United States bonds, and TO provide for the circulation
and ed G % & Sne @ q"
bank shall consist Of lawful money Of the United state
certificates, at any time outstanding shall not excead
SIC That no National Bank shall either pay or re-
ceye interest any portion Of It's reserve, when de
posted any other National Bank the compound
Interest notes Shall not be held or counted part Of
their reserve after the first day Of July next
THE EXECUTIVE PROcLAMATIoS BILL.
tee Judiciary, without amendment the House bill, de
earng valid and conclusive certain procamatons OF the
orders In the suppression OF the late Rebellion agaist
the United States.
Mr. TKUMBULL reported from the same Committee
adversely upon the House BILL amendatOry Of the act
United States IN case Of vacancy In the office both Of
President and President" and moved its postpone
remaining for proper consideration OF the subject during
The motion TO postpone was agreed TO-
THE OMNIBUS APPROPRIATION BILL
Mr. SHERMAN QSep., Ohio called up the Omnibus
The following amendments to the bill as IT passed the
i2OC6 instead Of 10000 to enable the Lighthouse Board
to restabsh lights and other aids to navigation on the
ofore appropriated for iron lighthouse at Southwest
Pass but which has been carried the surplus fund,
slQsGOo; for new lighthouse at Punta Arenas, CAL
$4,000; for lighthouse at Cape Blanco Oregon
$4,000 foi repairs and alterations IN the NewYork Gus
tomHonse saOOO for furniture and repairs Of the same
$1,000 Strike out the folowing For Custom House 10
Newport VT $4,000; to strike the appropriation of
section abosng the office Of Commissioner Of Public
buildings and AUTHORIZING the election by the Senate OF
General Appraiser Of NewYoTk city is fixed at 5000 in
stead OF as In the House bill declaring that shall DC the
same as that OF the Appraiser-G General Of Boston
MT WADE Repp Oho) hoped the Senate w0uld not
strike out the section aboshng the office Of Commission
Messrs SHERMAN and WILLIAMS Rep, Oregon
spoke In favor Of the Senate amendment
Mr. WADE eontendcd for the House proposition. There
had been threats OF violence against Congress by the
had never done anything TO contradict these statements
This being the case, he wadel thought II than
frieinds '''"' ''''' WIZ" ''
Mr.. DIXON johnson Comm said he had never heard
any such threats by any Of the friends OF the President
Mr.. HOWARD had no special information the sub.
ect but Mr. Dixon could not be ignorant Of the menaces
issued by the Johnson Rebel newspapers OF the country
~ was perfectly natural that they should make these
threats after the speeches OF the President In which Con
as well as The National hHfgncer, which the Presi
dents organ here frequently made these threats II the
President determined to iDaugurate against the
Congress Of the United States Congress ought TO be pre-
pared for H. ana ready TO protect itself with all the means
Mr.. WADE said men threatened bere year ago to 90
tiyes to make majority, combined with the Rebels Of
the South They were then 70 get the President TO recog
nze them the lawful Congress lie Ir Wade did not
believe they had courage enough carry out their threats
But why did they make themf
EXECUTIVE SESSION.
PENDING the consideration OF this question, the Senate
went INTO Executive session at 4l6 O'Clock.
EVENING SESSION.
GEN. SCOTS MONUMENT
Mr. WILSON tRep., Mass called up joint resolu-
0n passed by the House at the last session. directing the
secretary Of War 70 contract for tho erection OF an
equestrian statue in brOnze 90 the memory OF Gen Win
Aeia scott " W PLACED 9Ysg bs gave at West Point IL