Evening star. [volume] (Washington, D.C.) 1854-1972, 1870-07-12

HOUSE.-Mr. Dickey (PAD withdrew his
motion 70 20 into COMMITTEES OF TIE Whole.
which was pending when the House adjourned
Yesterday, and reported frOm the Committee OF
Appropriations the Army appropriation bin
with senate amendments, with an amendment
.ss.statips Mr.; Lsesns >, army b.n in place Of
Mr.. Dawes, (Mass-,l chairman OF the com
mittee, SAID the committee had before them the
propositions either % strike all this legislation
ton bll Cor the support Of the army. aud 20
attempt % secure q reorganization Of the army
oy appending q bill % this effect 90 an sppro-
prisoon eill, and the committee had decided to
ccnnitsee ef Conference ana had passed the
house by large vote.
Mr. Logan tihl proceeded to point ont the
thar Of the Hoase, % show that the i.tter ~ss
the moet perfect, equitable and lust l,lll
MT. Butler Mass said he had opposed the
sent here by the senate fhe House s.S sps s.S one
the bib, and the conference committee hal
agreed upon it, but Il had been slaughtered in
me me senate senate, ,a ane she o,l nov same back nom
did not take the Senate amendment. they could
get no appropriation for the army. he was
willing to accept that issue, and stand upon the
rights and privileges OF the Representatives OF
After some further debate, participated in by
Messrs. Van wyck, Logan and Dicksy, the
adopted, and the Senate amendment az amended
WAS concurred in. The amount Appropriated
by the bill is so SD ,SG.22.
Mr.. Schenck obtained leave 20 introduce a
Joint resolution, which was passed, suspending
the 18th and iIth joint rules. These rules pre-
vent bills being sent between the tvo Houses
for concurrence during the last three day. OF
the session, and to the President on the last day
Mr.. schenck from the Conference Commit
tee, reported the Funding bali, - agreed on IN
49,. -. 80
the committee had taken the House Din A. the
basis, and had made several notifications, the
principal points were p authorize the Secretary
thirty year tour per cent. bond-, three hundred
millions tfteen-yea four aud one half per cent
and two hundred millions ten-yesr five per cent.
10 exchange their securities n stricken out: en-
cept that new banks must take new bonds The
interest ON coin certificates u reduced 20 per
cent- The Treasurer is allowed 20 espend one
vertising, and putting the bonds in circulation.
Mr.. Judd (Ill.l complained that the seventh
section, requiring new banks 20 take new bond
~ less rate OF interest than those held by the
Odd banks, Was unfair, and would defeat the
operauom OF the currency act
Mr.. Schenck yielded temporarily 10 Mr.. But
Georgia bIil, which was ordered.
Mr.. Cox \. W spoke against the report a.
the Funding ball, opposing more than one kin .
OF bonds. which led Ia confusion, aud nothin
Of one per cent. allowed for putting the bond.
IN the market, which would allow favored ones
TO be rewarded.
Mr.. Marshall Qll) said Is he had not sun
ported the original bill In the House he could
not be expected 10 support this bill, which was
much more Objectionable. He asserted that the
committee on the part OF the House had Welded
all the important points of the bill.
Mr.. Garfield (OhiOl objected 20 the seventh
section AZ operating unjustly against the nes
hanks, and said he regarded II as an inde mite
suspension OF the main feature OF the currency
act He hoped the bill would 10 back 90 the
committee Of conference again.
Mr.. Benjamin Mo- took the same ground
charging. that the provisions OF this section
were unjust and unfair towards the people OF
tbe South and West. The present was the bes,
time 70 require the banks Of the East 20 take
the same bonds that were given to the south
and West.
Mr.. Schenck defended the seventh section He
bad none Of the tender sympathy for the banks
As long a. they could make from twelve 90 eigh-
teen per cent. on their capital, there would be
no lack Of candidates for the bonds The banks
had threatened that i'm the case OF certain leg
islation they would wind mp and go out Ne
had never had q belief that they would DO 30
By the terms Of the bill it would not be long he
fore the Old bonds would be called i'm.
Mr.. Holman (Ibd.l moved 70 lay the bill and
amendments on the table.
The motion was not agreed to.
Jhe Speaker announced as a conference com
mittee on the Georgia bill, Mes.rs. Butler.
tMass-,) farnsworth, (lll-,) and Paine, (wisl