The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1878-01-24
BILLS BEFORE CONGRESS.
THE sAv1NGs.B oND BILL.

ts -
THE SAVINGS BOND BILL.
The bill introduced in the Rot1se by
Mr. Price, of Iowa, to promote the de-
post Of savingg and refunding the ma
tional debt authorizes the Secretary Of
the Treasury to issue certificates OF de-
post of the United States, of denomin-
ations Of $40, $40, $50, and 800 each,
Which certificates shall bear interest at
the rate of 3 65- 100 per cent. per annum.
~ sThe certificate tl11s issued shall be de-,
posted in such amounts as the Secretary
Of the Treasury may direct, with any
designated depository of the United
ia@5 States, or with any Postmaster of any
postal money-order office OF the United
States. on condition that all such certif-
Gates SO deposited shall be paid for by
ll such designated depository or Postmas-
ter within ninety days from the time OF
making such deposit in coin or its equiv
alent, or the return Of such certificates
or any part thereof to tie Secretary of
the Treasury, and that certificates issued
as aforesaid shall be redeemed only in
United States per cent bonds, and the
holder thereof shall be authorized to re-
ceive from the Secretary of the Treasury
United States bonds bearing interest at
the rate of per cent. per annum when
presented at the United States Treasury
or any designated depository, in sums
4 of $40 or any multiple thereof, said
bonds being payable, principal and in
terest, in coin OF the standard of July
4, 1870. jan
s The bill further provides that all ma
tional banks organized and doing bust
ness under the National Banking law OF
the United States are required to receive
at par and accrued interest all such GER
tifcates in payment of any debt due to
said bank, provided, however, that no
interest shall be allowed unless the same
shall amount to 80 cents or upward. 1t
further authorizes any national bank do
ing business under the United States
Banking law to hold at it's option two
thirds of the reserve now required by
law to be held in the certificates herein
before referred to. ''a3f'2 f@
THE RESUMPTION ACT. = 7ai
The bill introduced in the House
by Mr.. Sapp, of Iowa, to give con-
struction to the Specie Resumption act,
declares that it does not authorize the
cancellation of legal-tender notes OUT
standing or redeemed on and after Jan. 4
g. /, 1879, but requires them to be paid out
again as legal tenders. The bill also
proposes expressly to prohibit the Sec
rotary of the Treasury from destroying
said notes so as to reduce their total
amount below $780, 100000, it being de-
clared to be the intent Of the bill to pro-
vide for a continuance of that amount as
part Of the circulating medium of the
TTnitnd Stetns 5,I, .
MAKING ACCUSED PERSONS COMPETENT
~ tr...s WITNESSES
Following is the text OF bill making
parties accused of crime competent wit
nesses in United States courts:
In the trial of all indictments, informa-
lions, complaints and other proceedings
against persons charged with the COM
mission of G! INES, and offenses, and mis-
deneanors in United States courts, the
Territorial courts, courts-martial and
courts of inquiry in any State or Terri
tory, including the District of Columbia,
the person SO charged shall, at his own
request, but not otherwise, be q compe-
tent witness, and mis- failure to make
such request shall not create any pre-
sumption against him. p
BILL TO PUNISH CONSPIRACY.
The bill submitted to the Senate
by Mr.. Howe to punish the forcible
obstruction Of Interstate commerce
upon railways provides that whenever
any person or persons shall conspire to-
gether to obstruct or hinder by force,
violence, threats, or intimidation the
free and customary transit Of persons,
baggage, and merchandise passing by
railway or water from any one State or
Territory into another, such offense
shall be deemed q misdemeanor against
the United States, and persons found
guilty thereof, On conviction, shall be
punished by a fine of $500 and one years
Imprisonment. That whenever any per-
sons shall compel any railroad employee
engaged in the transportation Of inter
State commerce to abandon his duties,
they shall, on conviction thereof, be
fined not less than $500 nor more than
$4,000, and be imprisoned not less than
one wear nor axcnedinp five vaars