The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1870-07-07
Congressional
Washington, July, l.
SENATE.

washington, July, l.
SENATE.
Mr.. Anthony was elected Presi.
dent pro teMin ce4sequenca of tho alb
sence Of the Y icS President until At
ter July 4tbs E 49, g "a
xIhe HouHn an ndmon1h tdthe kll,i
fVrths I'M f1vei 5en I soi IN watSrl
G6n mAnicneloh hStw een the lissiSs-
ibpi rtyor md Lake EidhiRsn oJa
,Wisconsin ma Rpk f{sifsI ~ On
Currod Ia. s W "a w
YThestax Bill Vas taken. upg she |
question being upon the amendment
to tax the interests on U. s. bonds at
s per cent, which was discussed and
rejected-12 to SO.
Discussion ensaed Upon the aimenas
ment by Mr.. Thurman to tax in
COMES derived from u. =. Bonds at s. |
per cent. In gN
Mr.. Warner moved to Substitutes 8 i
3 per cent. tax on incomes derived
from all invested capital. Both
amendments werd f4jedted.g Fiji
.Amendmer4 were saopted allow
ing free importation IL atimalf in
tended for exhibition q agficultural
shows. but not to remain over six
months, and if sold iu New York to
be liable to duty Also repeaHug,|
tho tax on bequests and literary IN
situations, to take place after the
death Of the testAfor. TFs III
Tho Finance Committees amend
ment 90 to the time when the free
list should 60 into operation being
withdrawn, the paragraph remains
as passed, by the House fixing the
timo for the 31st of December.
The bill was then reported from
the committee Of the Whole to the
Senate. E ~. s-
HoUsE.-On motion Of Mr.. Stiles
it was ordered that the House adj
journ from tomorrow until next
A resolution BY Mr.. Batler . 1
Mass, was adopted, requesting the
President to demand Of the British
Government, under what pretense
and under whose orders, American
fishing vessels had been arrested
and detained, while on the.yays to
their fishing grounds, by vessels
flying the British flag. a,ts Y stis
The House then resumed the con-
sideration Of the funding bill No,
amendments were made to the sec
ond and third sections.
Mr.. Holman moved to amend the
fourth section BY providing that the
$50 bonds shall be paid in green.
backs. After discussion the amends
ment was rejected by AZ to 1913. The
Republicans who voted aye. wero,
Beatty, Coburn, Orth and Tyler.
The Democrats who votedsuo wore
Barnum and Brooks of N. w. RAN
dali, Slocum, Stone and Swami.
The Fourth Section was amended
SO as to read, that the Secretary Of,
tho Treasury is hereby authorised
and instructed to purchase with any
coin in the Treasury Of the q. s.,
which he may lawfully apply 70,
such purpose, or which may be de-
rived from the sale Of any of the
bonds of the issue Of which is provi-
ded for in this act.
A number of other amendments
were offered to the fourth section
and all rejected.
Mr.. Butler of Mass. moved to
strike out the fifth section, which
authorizes the Treasurer to receive
gold on deposit, and issue 3~per cent.
certificates therefor, and use 20 per
cent. Of the amount in redemption Of
outstanding honda. ,za a2i "a saer,'
Mr.. Butler declared that q more
dangerous and destructive PROPOSE
ton was never put into . bill. It
would place the United States Gov.
ernment At the mercy of foreign
bankers. .gfTfs.
Mr. Schenck defended the section
as essential TO the operation of the
! bill.
y In reply to the question from Mr.
Cox, Mr. Schenck announced that the
expectation was that within this and
the coming year these four per cent.
bonds would be taken. His reasons
tor thinking so were to be found lin
the various articles in European
Journals, speaking hvorAbly Of the
credit of the United States, and its
chances Of obtaining loan at this
low rate of interest. eG.4Fs0e ~
The Committee Of Ways I and
Means, himself included, had had,
within the last few weeks, assurance
from banks and bankers in favor Of
their readiness to take the bonds at
four per cent. II thoy could DO Of tho
kind described in tho first section Of
the bill, that is, long bonds, redeem.
able after. thirty years, free from tax,
and payable in coin, and Of small de-
nominations, running down to fifty
dollars. ~ z ~ aHt& @
After considerable debate, in which
Mr. Cox announced that if he was
sure that Mr.. Schenck's information
was correct, he would DO inclined 70
vote for the bill. ~. 7eoSd ser . p
After some Objectionable features
were eliminated, and was taken to
task therefor. By several on the
Democratic side, Mr. Buffers motion;
to strike out was rejected. : :
The sixth section, Was read tor
amendment, but none were adopted!
Mr. Davis, Of New York, offered
an additional section, providing for
the issue Of four per cent. bonds for
which groenbacks be ,exchAngabla,
and into which they Be conyeftiblS
L Previous question, on the bill and
| amendments moved and seconded. I s
Mr. Davis amendment was rejected
and the bill passed, 1879 to Al. The
Democratic vote was entirslysin the
negative.
| The House bill was then adopted
as substitute for Senate bill. pc ie =
Adjourned. a4i
SENATE.
Washington, July 5.
The bill granting lands to the State
of Minnesota to aid in improving the
harhor nf nnn1a;th was Y,aaaaA 4 s#