The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-07-18
HOUSE.

with amendments from the committee
on Ways and Means, was referred to COM
mittee ofthe Whole.
The credentials Of four representa-
tives from Alabama were referred to the
Election committee.
The House went into committee Of the
Whole on the funding bill.
On the Committee rising informally
the House received Il message from the
Senate with amendments to the Indian
Appropriation bill. These were con-
CURED in and q committee of Con.
ference appointed.
The consideration of the funding bill
was resumed in the committee and the
first amendment was agreed to, with the
modification that the bonds shall be in
the denominations of S5c or some multi
pie thereof.
Mr.. Ross moved to amend the second
amendment by reducing the rate of in
terest TO three per cent. Rejected.
Mr.. Hubbard, of West Virginia, moved
to amend the portion proposed to be
struck out, by providing class of fifty
year bonds ut ) 65-lOO per cent, thus
making four classes of bonds. This was
agreed TO.
After some discussion q vote was ia
ken on the first amendment of the Com
mittee Oh Ways and Means, making but
one class of bends to run forty years at
365-l00 per cent, and was agreed to.
Mr.. Pike moved to arend, and the in
terest thereon and income therefrom
shall be exempt from payment of all
taxes or duties to the United States, as
well rs from taxation in any form by or
under State, municipal or LEGAL author
ity..
Mr.. Niblack moved to amend by
striking out the exemption from taxa
ton and inserting (which said bonds
shall be liable to taxation by or under
State, municipal or local authority to
the same extent as money is taxed un-
der such State, municipal or local
authority, aud no greater"
Without disposing of tue amendment
the committee rose.
The credentials of the Representa-
tives elect from Louisiana and the action
of the State ratifying the 18th amend
ment to the Constitution was referred
to the committee on Elections.
Mr.. Schenck moved that the evening
session be to go on with the funding
bill. Agreed to.
Mr.. Myers moved that if the funding
bin be disposed of tonight, the com
mittee will then go on with the tariff
bill. Negatived.
Recess.
In the evening session, the House in
Committee of the Whole, resumed the
consideration of the funding bill. The
amendments reported by the committee
on Ways and Means to the second sec
ton, although merely verbal, were
agreed TO.
A discussion arose on the section pro-
posed to be inserted instead of the third
section, legaliziug contracts payable in
gold, and which authorizes the CONVEX
sion eft the United States notes into
bonds unless the United States notes
then outstanding shall amount TO 4O0,-
100000
Dir. Broomall moved to reduce the
amount to $3.50, 900, goo, being the amount
now in circulation.
The section and amendment were de-
bated by McsSrs. Broomail, Pike. Gar
field, Schenck, Boutwell,, Hooper,
Lynch, Batter of Massachusetts, Logan,
lngersoll, Allison and Others.
Finally the debate closed aud Mr.. In
gersoll moved to strike out the provision
as 10 the limit of the United States
notes. Rejected.
Mr.. Coburn moved to strike out the
clause allowing the conversion Of United
States notes into bonds. Rejected.
Mr.. Ingersoll moved to increase
the limitation from S300,000,00O to
1856, 100000.
Various other amendments were of
fered and rejected. and finally the cote
was taken on inserting the section as
reported by the committee on Ways
and Means in place of section Sd, and
the amendment was rejected.
The second amendment was to strike
out the third section, legalizing con.
tracts in coin. 1t was debated by
Messrs. Axtell, Logan, Eldridge, Cava-
naugb, Higbee, Boydon, Coburn, Hub.
bard, of West Virginia, and others.
Mr.. Cavanaugh moved to legalize con-
tracts payable in gold dust, and advo-
Gated that proposition.
Adjourned.