The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1878-02-07
BILLS BEEuRE CONGRESS-.
THE sAYINas.RoNp BILL

THE SAVINGS
The bill introduced in the Rouae by
Mr.. Price, of Iowa, to promote the de-
post of rawlings and refuhding the ma
tional debt authorizes the Sec-..,a OF
tie Treasury to . .ssue eer.;Aaates af he
posi- or the Uaitsa s..a..5s, OF denomin-
atiens Of SO, 800, $50, and 800 each,
Which certificates shall bear interest at
the rate of 8 65-100 per cent. per annum.
The certificate thus issued shall be de-
posted In such amounts as the Secretary
OF the Treasury. may direct, with any
Designated depository of the United
St.-sces, or with any Postmaster of any
postal money-order Office of the United
States, on condition that all such certifi-
Gates SO deposited shall be paid for by
such designated depository or Postmas-
ter. within ninety days from the tire CT
making such deposit il coin OF its equiv
alent, or the .se5urn of such certificates
CT any part thereof to tie Secretary of
the Treasury, and that certificates issued
as aforesaid shall be redeemed only in
United State7 per cent bonds, and the
holder thereof shall be authorized to re-
ceiVs from the Secretary of the Treasury
United States bonds bearing interest at
the rate of 4 per cent. per annilin when
pfesehtGd st the United States Treasury
or any designated depository, in sums
of SO or any multiple thereof, said
bonds being payable, principal and in
terest, in coin of the standard Of July
4, 1870,
ihe oil further provides that all ma
tlonal banks organized and doing bust
ness under the MISUNDERSTANDING law OF
the United States are required to receive
at par and accrued interest all such GER
tifitntes In payment of any debt die to
said bank, provided, however, that no
interest shall be allowed unless the same
shall amount to so cents or upward 1t
further authorizes any national bank do
ing business under the United States
Barking 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.
THE RESUMPTION ACT.
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 aid after Jan.
l. 1879; bit 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 50 as to reduce their total
amount below $3.50, coo, 600, 1t being de-
ciarea tie be The intent OF the bill to pre-
vide for continuance of that amount as
part of the circulating medium of the
United States.
MAKING ACCUSED PERSONS COMPETENT
WITNESSES.
Following is Che text OF bill making
parties acciised of crime competent wit
nesses in United States courts:
In the trial OF ali indictments. informa-
tons, complaints and other proceedings
against persons charged with the COM
mission of @ ines, and ofenses, and mis-
derieanofs 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 compe-
tent witness, and his failure to make
such request shall not create any pre-
sumption against him.
BILL TO PUNISH CONSPIRACY.
The bill submitted to the Senate
by Mr.. Howe to punish the forcible
obstruction of Interstate commerce
upon railways PrOV1ueS tnaG 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 of1ense
shall be deemed misdemeanor against
the United States, and persons found
guilty thereof, ON conviction, shall be
punished by fine of $500 and one years
imprisonment. That whenever any per-
sons shall compel any railroad employee
engaged il the transportation Of inter
State commerce to abandon his duties,
they shall, on conviction thereof, be
fined not less than $500 nor more than
s., 600, and be imprisoned not less than
one year nor exceeding five years.