Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-07-17
HOUSE

The Missouri contested election case was
Mr.. BENJAMIN made an argument
against the loyalty of the contestant, Mr..
Switzler, who followed in his own behalf.
denying that he was ever disloyal, and
throwing back the charge upon his op-
ponent. t
Mr.. BUTLER made report from the
conference committee on the invalid pen
sion appropriation bill, the point of disa-
greement having been as to disposition of
the naval pension fund. The report was
agreed to.
Mr.. PERHAM, from the committee OF
conference on nine pension bills, made a
report. Agreed to.
Mr.. CHANDLER presented a petition
from officers of the army for the passage OF
bill to equalize the pay OF officers and es-
tablish the pay of enlisted soldiers. Re-
ferred to the committee on Military Affairs.
The Missouri election case was resumed,
and
Mr.. ANDERSON, the sitting member
replied to the speech of the contestant.
On motion of Mr.. WILSON, of Iowa,
the report was recommitted with instruc-
tions to inquire into 10th claimants.
Mr.. SCHENCK, from the committee on
Wavs and Means, reported back the Sem
ate funding bill with thirteen amendments,
and asked that the bill and amendments be
printed and made the special order for to-
morrow, Immediately after the reading OF
the journal.
The amendment was read. The first
limits the denomination of bonds to $5C
bonds. The second strikes out the descrip-
tion of bonds, 20, 80 and 40 years, and
makes all bonds 40 years, bearing coin in
terest at $3.67-100 per cent per annum.-
The Sd, 4th, 9TH, 9th and 7th are verbal
changes, rendered necessary by the 3D.
The Sth strikes out the Sd section, and sub
stitutes for it the following:
That the holder of any lawful money OF
the United States to the amount OF $50 OF
any multiple of $50, may convert the same
into bonds for an equal amount authorized
by the first section of this act, under such
rules and regulations as the Secretary OF
| the Treasury may prescribe; provided that
such conversion shall not be allowed at any
time when the amount of United States
notes outstanding is reduced to 100000,
OOO and the holder of any of the bonds
provided for in the first section OF
this act NAV present the same to
the treasury of the United States and de-
mand 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 out
standing shall amount to $400,000,O0O, and
such bonds shall be so redeemable after the
United States have resumed the payment
of coin for their notes.
Amendments TO the 10th and 11th are
verbal. The 18th proposed the following
as a new section: --.
That hereafter the tax on any income
arising from the bonds or other interest
bearing securities of the United States,
payable to any person, State, municipality,
body polite or corporate company, or So
ciety, whether corporate or not corporate,
out of the treasury of the United States,
shall be assessed and collected by the treas
urer or disbursing officers of the United
States, charged with paying any lntesest
upon the debt of the United States, in the
same currency in which said interest is
paid, and such collection shall be made by
a deduction of the amount OF tax from the
coupons or interest due at the time OF pay
ment of such interest.
The 18th is simply as to the title.
Mr.. RANDALL made point of order
| that the second section made an appropri-
alton. 1t must have its consideration in
committee of the Whole.
The SPEAKER sustained the point.
Mr.. SCHENCK moved the bill and
amendments be printed and recommitted,
giving notice that he should report it back
| Tomorrow morning, after the reading OF
| the journal, and ask immediate action.
| Mr.. STEVENS moved to lay the bill on
! the table.
i The SPEAKER ruled the motion out OF
order. That would be consideration OF the