The Portland daily press., 1868-07-17

The 1st limits the denomination of bonds to
be issued to $50 bonds. The ID strikes out the
description OF bonds as twenty, thirty and for
ity years &C., and makes all the bonds forty
years. bearing coin interest at IS 5-1OOths per
cent per annum. The Sd, 4th, 9TH 9th and 7th
artcles-verbrl changes were rendered neces-
sary by the I'd. The Sth strikes out the Sd Sec
| tion and substitutes for it the following:
That the holder of any lawful money of the
United States to the amount of $50, or any
multiple of $50, may convert the same into
bonds for an equal amount authorized by the
LIST section of the act, under such rules and
regulations as the Treasury may provide, pro-
vided that such conversion shall not be allow
ed at any time when the United States notes
Outstanding reduced to $300,000,000 and
any holder of any OF the bonds provided for in
the 1st section of this act may present the
same to the Treasurer of the United States and
demand lawful money of the United States
for the principal and accrued interest thereon
and the Treasurer shall redeem the same in
lawful money of the United States, unless the
United States notes then OUTSTANDING shall
amount to S4OO,O0O,000, and such bond shall
not be so redeemabe after the United States
have resumed the payment of coin for their
uotes. r.s .--s
Amendments 10th and 11th are verbal.
The 18th proposes the following as new
secton:-That hereafter the tax on any in
come arising from the bonds and other interest
bearing securities of the United States, paya-
BILE to any person, State, municipality, body
polite or corporate company or society, wheth-
er corporate or not corporate, out of the Treas
ury OF the United States shall be assessed and
collected by the treasurer of the discussing
officers of the United States charged with
paying any interest upon the debt of the
United States, in the same currency in which
said interest is paid and such collection shall
be made by deduction of the amount of the
tax from the coupons or interest due at the
time of the payment of such interest -ts4a-
The 18th amendment is simply to the title.
Mr.. Randall made point of order that the
second section of the bill made an appropria-
ton. 1t must have its consideration in com
mittee of the whole
The Speaker sustained the point of order.
Mr.. Schenck moved that the bill and amend
ments be printed and recommitted, giving no.
tlce that he should report 1t back tomorrow
morning Immediately after the reading of the
journal, and asked immediate action.
MIR. Stevens moved to lay the bill ou the
table. F
The Speaker ruled the motion out of order,
as that would be consideration of the bill,
which, under the rules, must be first consid-
cred in committee of the whole
The bill and amendments were ordered to be
printed and recommitted with the amendments
proposed by Messrs. Schenck, Niblack and
Boutwell,.
Mr.. Boutwell, made repor. from the confer
ence committee on the bill to authorize the
temporary supplying of vacancies in the Exec
utlVe DepaI tments, which, after some discus
SION was rejected, yeas 36, nays 81.
Mr Moorhead moved that the evening ses-
sion tonight be to consider the tariff BILL y
Mr. Wilson, of Iowa. moved an adjournment
which would leave the evening session for gen.
eral debate. a~ .s.-... -
Mr.. Moorhead demanded the yeas and NAYS
on the motion to adjourn. The vote resulted
yeas 66, nay ga; so the House took recess till
nall past O'Clock, for general DEBATE. ~.
Inc thermometer in the Chamber to-day at
noon, Indicated w degs., and at The hour of ad-
Journment "a degs. s '-f fal bffl4.54
EVENING SESSION. y 1-a
The thermometer in the Chamber is at 90.
Inc Speaker appointed Messrs. Pomeroy,
Lawrence, OF Ohio, and Eldridge second con-
ference committee on the bill providing for va
cancies in the Executive Departments.
me House then went into committee of the
whole, Mr.. Cullom in the chair, for general de-.
bate. Q 80 -
Mr.. Stone addressed the committee in cou-
unuatlon of his speech of last night, and spoke
IN defence of f. P. Blair's letter, arguing that
IL was merely an appeal to the conservative
sentiment OF the country. --r..y .-
Mr.. Hill made a speech on the political Ionic
of the day. . q. = = - " " :" r. =
Mr.. Maynard spoke in defence of the Repub-
llcan party and eulogizilg its standard bear
erS. g A
Mr.. Stevens, of Pennsylvania. was the next
speaker, prefacing his remarks with resolu-
ton which he intended to offer in the House.
instructing the Committee on Foreign Affairs
20 ihq ulre into the expediency of providing
funds to purchase convenient naval statioi,
and depot among the West India Islands if the
same can be had at reasonable prices, and re-
curing negotiations for the same to be initat-
ed. |IHI - - - - .,l
Mr. Logan spoke in denunc;ation of the
democratic platform, and criticised the con- q
ventlOn which made it. He also eulogized Grant
and Coltax and the Republican party. 0goJi
Mr.. Van Horn, of New York, addressed the
committee in advocacy of the Republican par
ty and its policy.
Inc committee rose and the House adjourn