The Morning herald., 1876-01-25

payable quarterly In such coin at the rate
OF m per cent. per annum, which bonds.
and the interest thereon shall be, exempt
from the payment of al taxes or duties of
the United States as we'll as from taxation
In any form by Or under State, Municipal or
local authority and, the said bonds shall
have set forth and expressed upon ther face
the above specified conditions and shall,
with their coupons, be made payable at the
Treasury of the United States. =. -,
Section 2.-This Act shall not be con
strued to authorize any increase of the total
amount Of bonds provided for by the Acts
to which this Act Is an amendment, nor to
authorize any increase whatever of the
bonded debt Of the United States, and all
provisions OF the Acts to which this Act is
amendatory not inconsistent with the pro-
visions of this Act; are hereby continued in
force and effect. A. bill to provide for the
suspension of the sinking fund until Janu-
ary 30, 1880, iptroduesd by Mr.. T.. Wood, in
the House Of Representatives, suspends all
laws relating thereto in their operations
from June 80, 1876 until the above date. ~
Mr.. .Chdstenden's bill for funding the lers
gal tender notes of the United States directs
the Secretary Of the Treasury to sell to the
highest bidder for legal tender notes to be
Immediately cancelled and destroyed by
such methods as are now employed In the
sale of Government gold coin the bonds of
the United States for "a ,O0O, 900 per month
for eight months Of each year, beginning
with February and including September, the
bonds to be coupon or registered % may be
most for the advantage of the Treasury for
the time being to bear interest at q rate
not exceeding ~ per cent. In
gold coin per annum, the principal to be
paid In gold coin forty years from Jsnuary
1875. The bonds are made available by the
national banks for deposit, as security for
circulation and other liabilities, under pro-
visions of existing laws relating to national
banks, the act to take effect as soon as the
bonds can be prepared. u.~..,
Mr.. MonrOe's bill in relation to the
Japaneses idemnity fund; provides that after
the payment Of all just claims against the
fund, the surplus shall be returned to the
Japanese Government, for the purpose of
the education Of American and Japanese
youths. The bill offered in the House Of
Representatives BY Mr.. Roberts of Mary
land, to amend the Internal Revenue laws,
limits to the Commissioner OF Internal
Revenue for the redemption of Internal
Revenue documentary stamps, the use of
which has been rendered unnecessary,
by repeal of taxes for the paymeat OF
which such stamps were provided to the
first of October, 1876, and no redemption Of
such stamps shall be made after that date.
Mr.. Banning's bill to regulate the pay
and allowance Of army oficers, fixes the
pay proper ut the following rates {: the
General, $l3,5OO; Lieutenant General,
81 600 Major General, 81, 500 Brigadier
General, $500 Colonel, 81, 800 Lieuten
ant Colonel, 81, 900; Major, 81, 500; Captain
mounted, $4,000 not mounted, $l 800; Ad-
iutant and Regimental Quarter Master,
81, 800 First Lieutenant mounted, 81, 900;
not mounted 81, 500 =, Second Lieutenant
mounted, $1,000; not mounted 81 200
Chaplain, Isl, 500; Storekeepers, $500.
Forage is allowed Major General for three
horses Beigadicr Generals, Colonels, Lieu
tenant Colo1sls and Majors, two horses
other mounted officers, one horse. Officers
receiving over s., 600 are not to receive COM
mutation fOrquarters, full forage, servants
w ages0T clothing or any allowance Of any
name or nature.
The bill introduced in the House of Repre-
senting by Mr.. Riddle, of Tennessee, for the
payment of the lye-twenty bonds of the is-
sac under act Of February 25, 1859, provides
for the Issue Of $65, 1888 300, United States
notes not bearing interest payable to bearer
at the Treasury of the United Sta es which
shall be sppiied to the paymsnsof the $50
bonds still outstanding, ~.
=, Mr.. Mortiseon's bill preparatory to the
redemption of the United States notes and
the resumption of specie payments, provides
that from and after the passage Of the act
the Secretary Of the Treasury shall retain in
the Treasury for the ultimate redemption In
coin at par of United States notes, the coin
received from all sources in excess of the
requirements or the public debt until the
coin bo retained shall xmOunt to 30 per cent
of tho United States notes, then outstanding
and until such coin shall amount to 30 per
centum of outstanding United States
tes q 10, much Of section 3; of the act
to provide for the resumption Cf specie pay
ments as provides for or relates to the re-
sumption in coin of United States notes after
january l, 1870, ID suspended.
Section 3, That from iand after the pas
sage of the Act every National Bank shall
be REQUIRED to retain the coin interest, paya-
I Bic to such bank on ito bonds deposited as
security for its circulation to the amount of
its legal reserves now required by law and
of such sum in addition thereto as together
With such legal resources shall equal thirty
per cent, OF its circrlation which amount
shall thereafter be retained by every Ma
tional Bank as security for the redemption
lin coin of such circulation, m
Section 8. Repeats conflicting Acts with q
proyiso that United States notes shall be
receivable for the same demands of the
Government as now provided BY law.
| r wSiYHH rH-- y ~. ,ltId raE
4, .pa.;. .tl.., 4, 3 Notes' roY ,iH'
-sH o9gdt I,iB 1,a7---,ni4 lui
81 WASHINGTON, Jan. M.-The Select Com.
mitteel on Texas Border Troubles to-day
sYsmined two citizens Of that State, Whq
gave detailed accounts of cattle thisvmg Py
Mextcans on the Texas side lof tne MO