New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1878-03-07
XLVth CONGRESS---Ild SESSION.
prcIrIAR REPORT OF PROCEEDINGS.

REGULAR REPORT OF PROCEEDINGS.
Tur SENATE PASSES THE POPULAR SAVINGS BOND
RuI. AFTER An INTERESTING DEBATE-GENERAL
GARFIELD MAKES RoUsISG SPEECH on KELLEY
IN THE HoUsE-HE Is CORDIALLY APPLAUDED.
SENATE WAsrINGToN. March 6. 1878.
In the Senate, to-day, the VICE-PRESlDENT
presented report Surgeon Palmer OF the relating
TO the conduct of the navigating officer of the United
States steamer Huron at the time OF her loss
large number OF petitions demonstrating against the
passage the Sargent hill to transfer the control Of the
Life Saving Service from the Treasury 10 the Navy De-
psrtment prese, ted by Messrs RANDOLPH and
MCPHERSON Dem. N j.. CONKLING rep, n ",
and HOAR CRcp.. Mass). all OF which laid Oh the
Petitions also presented from Chicago, H. re-
regard to the transportation OF live stock from sew
York, Philadelphia, and Boston, remons "-f S
Ohio ia regard to certain AMENDMENTS to me act 10
hceEse aliens as Pilots &C. ana IRON En ronased Inc Of
srcan,ers bef New Rio de daneirO.
The following bills reported and placed on ;he
substitute fr the s. Nj elautnorzips the citizen. Of
br on the public domain mining ana domestic purposes
sp may assigned and located or applied by actual set
Tie Bill tlorizng he Secretary Of tie Interior to
Tie senate bill to leraze certain patents issued to the
Aresoution authorizing the committee in considering
the memorial OF William McGurahan, 10 send for pei-
crapbc the expenses 10 be paid cut OF the contingent
fond of The senate was @greed 10. -,.,,,to,s of
the select and Common Councils of Philadelphia favor
Ing The Improvement OF tnc Delaware River 10y REMOVING
Lefrom the islands IN front OF The cty, and filing
M the Horseshoe Also iayOr1uE ire lmlrOycmcnt al
Tie schuylk River. Reieuodtot tie Committee on Com
MT MORGAN Dem, Ala Introduced bin to amend
BS re- TS5 ia to the Committee ON The judiciary.
TIE senate bin to authorize the WorthngtOn aud Sioux
ory Of Dakota the village Of Sioux Fails, was DIS
cussed NJ some length emended ana PASSED ,s 90,
MI Morrill, had gwen notice that he would to-day &C.!
M tn bil III regard TO the appointment II commission
TO inquire into the alcohol liquor rahe me otngtor
too Ill TO attend the senate today nut H. n9pe" 10
BONDS FOR THE PEOPLE.
ME-. EATON. Mr. BLAINE AND OTHERS SUCCEED ~
HAVING THE INTEREST RAISED TO PR CENT.
The Senate then resumed the consideration OF the
unfinished business, being the bill to authorize long
bond for the investments of savings. Several verbal
amendments agreed to.
Mr.. COCKEELL Dem, Mo- moved to strike out the
words IN coin" in the clause making the bonds redeem
able in coin after aiy years oH a, he dc Of hrr
II was then rejected without roll call.
Mir. DORSEY QeP ATk9 moved 70 amend the section
for United ecender notes at the rate at which
they may then stand in he market Icy striking out the
,nSrEet~ And said the object Of his amendment was
have bonds purchased with either coin lcglender
notes Rejected without roll call
Nh. COCKIELL Dem. MOI moved to amend the last
tit section a. 10 tit lue com ItCtlNcu
Tor such bonds shall appl ed redemption of
standing bonds of the United states. which are redeem
able and bear the Gghs rate OF interest Of such bonds
Mr. EATON Dem. Comm said he was in favor of the
general features Of the bill but he favor
some OF its details Il Gravey propose IN tnis Sen
ate to pay the workingmen and WORKING women Of THIS
paying tue capitalists OF Europe VINO nave invested in
eur bonds lie favored the Issue OF 100000 Of such
bonds instead Of 500 900 to bear per cent inter-
est instead OF 800, and would make the smallest bond
Mr. con KING inquired low it occurred in France
that great many people liked bond which called for
only fifty fTancs-about TO- Mcn and women he SAID
there sit tie curostone for hours awaiting their turn
Mf EATON said if The honorable Senator Cir. Cons
ling had information that III France the people await
noses sed information he (Air. Eacu) did not.
Mr. BAYARD Dem, Deli said our present per cent /
ones could disposed OF If for longer they should
be made to bear the same rate Of interest 49,. ,.,
cjpe stopped fftyvears bond should bear 800 per
en- ntrrst ther Lliudred-years bond should bear
ner cen and he supposed a thOIsandyears Oond should
bear no interest Nh Blaine agreed with tAe senator
of the experiment ;ha the rate Of interest be fixed at
WALLACE Dem Penn) said the bill as stood
fore the senate the result of fuu consultation by
the Finance COMMITTEE ana II I4d Deeh deter 'D
Mr. BLAINE sad the Senator tMr Wai!ace had wisely
hrng forward This bill. There ia feeling OF distrust
toward savings banks throughout the country ana II is
no right Congress to take advantage OF that ana co
cree the people into taking bonds bearing low rate OF
interest He moved TO strike OUT three
diedns the rate Of interest," and insert iii lieu there
o. NJ Nv g1UIsBURY Dem. DELI favored Mr.. Blanes
amendment, aud Mr.. COCKkELL Dem. Mo- op-
'G Mr. RANDOLPH Dem n. ~ said. this being Ash
v@dnesdav he supposed the have financial
hash today He would vote for per cent because lie
believed the bonds would be more rapidly taken II they
MI ALLISON Qep, Iowa. also favored the rate of 4
per cent During his remarks he ref FRED to the arg
inents against the Silver Bill recently passed He said
although credit has been hammered by the news
naner and by other means yet II has stood, and to-day
our securities high ever III the markets or the
Tr BLAINE said he hoped the Senators would look at
the practical operations OF this bill II it shold be passed
asst then stood c liz n aT Ss neet every S
months TIE man who bought so PONG would nave
Mr. WALLACE said OF course. fractions Of cent could
Mr. BLAINE said the issue OF such coupons not
apructeal common sense way OF dealing WIN the Amer
4 ner cent the coupons would he for an even amount.
1t would be but little short of palTabe absnrdiiy TO
pass through The Senate a popular loan having such
The ancndment Of Mr.. Blaine. fixing the rate of inter
est al per cent, then agreed 10 by rising vote
Mr. PLUMB (Rep.. Kan) moved TO amend tho fourth
sSs be 81 sold for coin or for United States
notes at the rate at which tney may tne1 saf IN me
they may then stand in the market inserting IN leu
thereof nominal value Agreed to without
The bin was then reported to the Senate; tie amend
mens made Committee of the Whole were cOncurred
H. and il was passed without roll call
On motion Of Mr.. sARG EST sep CALI the JOINT reso
luon recently submitted by him in regard to Chinese
immigration was taken up as to be the unfinished
business tomorrow, when he viii address the Senate in
The senate then at $3.50. proceeded to the consdera
ton of executive business and at $50 when
doors were TeOpencd, adjourned
HOUSE OF REPRESENTATIVES.
Tn the House to-day, the Fertilization APP
preparation Eli, which was yesterday considered in