New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-07-18
HORSE or REPRESENTATIVES,.

Mr.. GRISWOLD Rcp, y. " reported a
bill authorizing the Secretary 81 the Treasury 10 refund
the dutlcs paid on chime Of bells and clock imported
for st. Jo,cph's Cathedral ~ Buffalo. Passed.
Mr.. sCIu.NCK u!cp., Ohio reported back the Senate
Funding bin with amendments. Mr. schenck moved 10
po,ponc all orders in the Committee OF the Whole ante
rior to the Funding bill. The motion was agreed to
Yeas %, Nays -.
ON motion Of Mr. DAWES REP, Massl the credentials
Alabuua was referred 20 the Commit cc on Elections
The House-Mr PomeIoy Grpr N - IN the 'h"lr-
went into Committee Of The Nhoic.
IIiE FUNDING BILL.
The bin having been read, the amendments proposed
III, tIe C",mmittce Of ways aud Means considered
The first amendment proposed by The Committee on
WAYS aud Means was TO Limit the lowest denomination
Nj SCIIENCK advocated the amendment
THE Committee rose Informally aud tho House re
cevcd q message from the Senate, with M senate
amendments Ia tuo Indian Appropriation BIZ The
amendments were not concurr'l 10; al tohh,tir' "i
Conference was asked for Mrssr- Butler u.cp, MasaJ
Window tRcp., Miun.,l and Brooks tDtmr y. lrj were
'l3hr Finding BIN having been resumed the first
amendment v., 40 the suggestion ot Mr. Butler Nia-sl
modified hy Mr. schcnc Icy MAKING inc LANGUAGE - i3l,
lows: Bonds Of The United STATES, III hu, Iol q, ne
Cthc secretary Of The Treasury may prescribe, aud Of
denomination Of $50, or some multiple oil lnsl 'hm
Tie amendment ~ that form was agreed 10
The next amendment Of the Committee Of Ways and
Means was TO strike ont The provision OF .e III stt%h
wl!cl Classics the duration ana INTEREST "l llc hd@.
and insert In llcu 81 il the words forty years and bear
ug interest payable scmiannualy III coin at the rate OF
w. Ross Dem, ILL., moved to amend the amend
u
Sir SCIIENCK opposed Mr.. Ross amendment ana II
wa, rejected.
Mr. HUBBARD G;cp. Val moved TO amend the Dor,
tou proposed 10 be struck out ny Pio'lais elasS 81
5Oycar bonds at C5lOO thus making iouf classes OF
bonds. ... o., ,.. 1900.
elias. Of bonds but hc hoped that u the Stha tHrSnca
ton not struck out, Dir. HUBBARD ahehdmehI
might he adopted
Mr. PIKE Rcp., Me- moved 10 amend te amendment
rrrunsed by tie Committee Ways and Means, by
making ne mere, per cchi instead ~ ,,i h
Mr. GEIsNOLD advocated the amendment oHeieu by
Mr.. Pike. -, ono In, -.
funded debt We have nineteen forms O plplc hecufl-
Ties and nobody tell which form Is worm more ana
winch less. lie advocated the extension OF INC une 10
nv yclr, the adoption Of the CjlO0 rate ot interest.
and thc absolute withdrawal OF all taxation on such bonds
jTPAiNE d.ep. WIS., advocated also the striking out
of everything which authorizes taxation oi income ana
Innd, and the fixing Of interest at . Gj-lo0.
Mr. rTENENs Rep. PENN declared hlhlsel III favor
of a funding bill, which should reduce interest III no
pcfsOn chose 10 fud under II no harm wa u.ne . any
,r.on did choose 60 fund AT lower rate OF interest then
ibe Government would prOht by IL. lie thousnt now
ever that the lowest rate OF interest shou ne iouf per
cont he did not think they could get money cheaper.
lie Thought IL the duty OF the Government WIN the ac-
,nrI1fp cold 20 cXpcnd oncliaf OF ~ IN ledeemiug
tbr TiycTwenes in advaucc,Of their flHg que after
they fell due, one could object 10 ther ITuemplo'
lie had understood the gent eman from linols or
Ga Tho New York platform. What was that pdtlofmf
| Mi ROSs-TO pay the FyeIWeuties ~ lawful money.
MIR TENENS-What do you call laNiu money
Mr. RO~s-GTecnbacks that is your doctrine ana nine,
r sTEvEYs-I hold to the Chicago platform, aud as
understand it, that point. those bonds are TO DC PAID
/ iust according 10 the original contract .,
! A MEMBER-Ihe law, Mr.. steyens-aoeofulng 10 tho
| i"Mr pIKF-The spirit and letter of the contract
MIR sTEVENs-What was that law that the interest
should paid. up 10 certain time al per cent III com
lust AS the gentleman from Illinois t9ssl understood H.
lust ne he Mr Hteyensl understood H. luh1 AZ s uho