The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1868-07-16


WASHINGTON, July 15.-Fifteen
Mississippi Radicals, including Egg
lesion, Tie defeated candidate for
Governor, appeared before the Re-
construction Committee this morning.
demanding the exclusion from count
votes on the Constitution of Rankin,
Chichasaw, Marshall, Carroll, Desota,
Lafayette and others counties BY
this means they expect to carry the
Constitution, and elect Radical State
officers and Congressman. The rea-
son they allege is that terror reigned
In those counties. They ask Congress
to declare Mississippi reconstructed
and entitled to e-admission to Con-
gress. Among the fifteen several are
Northern and Western men.
The following Is the Funding Bill
as passed by the Senate last evening
BE it enacted by the Senate and
/ House of Representatives of the
United States, in Congress assem-
bled, That the Secretary of the Treas
ury is hereby authorized to issue cou-
pons or registered bonds Of the
United States, in such form and of
such denominations as he may pre-
scribe, redeemable in coin at the
pleasure of the United States, of TWEEN
ty', thirty and forty years respectively,
and bearing the following rates of
yearly interest, payable semi-annually
in coin, that Is to say: the issue of
| bonds falling due in twenty years
shall bear interest of 5 per cent;
the bonds falling due in thirty years
shall bear interest at per cent,
which said bonds shall be exempt
| from taxation in any form, under any
State, municipal or local authority,
and the same, and the interest there
on, and the income therefrom shall
be exempt from the payment of all
taxes or duties to the United States,
other than such income tax as may
be assessed upon other incomes; and
said bonds, and the proceeds thereof
shall be exclusively used for the re-
1 demptlon or payment at the option of
| the holder of. or exchange for an
equal amount OF the present interest
bearing debt of the United States
| other than the existing 5 per cent.
1 bonds and the 5 per cent. certificates,
| and may be issued to an amount in
the aggregate sufficient to cover the
principal of all outstanding or exist
ing obligations as limited herein, and
no more; but not to exceed 500, ,000,-
GOO shall be of the issue redeemable
in twenty years.
l And be it further enacted, That
there is hereby appropriated out Of
the duties derived from imported
goods, one hundred aud thirty FIVE
millions of dollars annually, which
sum, during each fiscal year, shall be
| applied to the payment of the interest
and to the reduction of the principal
of the public debt, in such a manner
as may be determined by the SecFe-
tary of the Treasury, or as Congress
may hereafter direct, and such re-
duction shall be in lieu of the sink.
ing fund contemplated by the fifth
section of the act entitled An Act
to authorize the issue of United
States notes, and for the redemption
, or funding thereof, and for funding
the floating debt of the United
} States. approved February p, 1856
And be it further enacted, Tha
T any contract hereafter made pay
t able specifically in coin. shall be lega
and valid, and may be enforced &C
( cording to its term, anything in thl
: several acts relating to United State
! notes to the contrary notwithstand
l ing; provided, that this section shall
| not apply to contracts for the Dor
rowing of currency, or the renewa
t or extension of any indebtedness
( under a contract already entered
E. into, unless such contract originall,
3 required payment in COIN. 9
And be it further enacted. tha
from and after the passage of this act
Q no per eentage, deduction, commits
: sion, or Compensation Of any amour
u or kind, shall be allowed to. any per
son for the sale or negotiation of an
r. bonds or securities of = the Unite
= States, disposed OF at the preasur
o Department or elsewhere, on accoun
e of the United States: and all acts O
q parts of acts authorizing or permit
ting, by construction or otherwise, til
/ Secretary of the Treasury, to appoiu
o an agent other than some proper Of
II fcer Of his department, to make sue
:, sale or negotiation of bonds and 81
!. curities, are hereby repealed.