The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1879-02-20
K0CsE.

In the house, on the 10Th, the bill
authorizing the issue Of certificates Of
deposit OF denominations of ten dollars in
ali OF refundiDs the public debt, passed
with the amendment increasing the interest
to four per Cent......& bill was introduced 10
discourage usury and to promote the legitl
mate rates of interest, and 10 make it unlaw-
full for banks 10 allow interest upon deposits
Of anv character. Ii further provides a tax
of FIVE per cent upon the gross amount OF
Geposiis each year, such tax to be RENTED
upon proper affidavit being made that no
interest has been allowed on the deposit by
the bark. The house then went into CONS
mittee of the whole, Mr. Blackburn in the
chair, ON the legislative. executive and Judi
eial appropriation bill. The bill spprOpriates
3l5.I54 AS, as sgsinst estimates OF Si6,U96,-
| 6Ol and a against the appropriations at the
| last session of S15,35f .239. Adjourned.
In the house, on the 18th, the con-
! ference report on the naval appropriation
| h n was agreed to zee. Mr.. Reagan, cnsirman
/ of the committee on commerce, reported the
! river snd hsrbor appropriation bi !, which
Was ordered printed and rec0mmitted. ...
The house then went into committee of the
whole on the legislative appropriation bill.
After some prog ess on the bHi the commit
| tee rose and the house adjourned.
In the house, on the 18th. the cons
| ference report on the bill to abolish vOlun.
teers to the United ares navy wss agreed
| to The house went into committee of
the whole on the legislative, judicial and
| executive appropriation bill. Mr.. Hewitt
| Ala su omitted an amendment REQ airing
| The marshal or officer making the arrest OF
suy person charged with a violation of the
revenue law to carry his prisoners before
the nearest official who is authorized 10 take
bail. Adopted. After progressing as far
as the ifty>fifth page Of the bill, the COM
| mittee rose. and soon q tunultuons struggle
took place between those favoring and those
opposed to q night session for considering
| the business of the committee on public
lands The opponents prevailed. Ali
journed.
In the house, on the 3sh, letter was
r.ferred 10 the committee on ways and
| means. from the sec etary OF the treasury,
stating that there will probably be deficit
in the revenues of the government for the
next fiscal vesr o. tventy>'evsn million dol
lars sDd asking authority 10 issue four per
I cent bnnds to cover such dehcl-Rci es......
The house soon afterwards went into COM
Dittee # the whole On the legislative bill.
After dispOSing Of siIry-three pages OF the
hill. the COMMITTEES rose 80. The remain Ter
of the DAYS sess on was devoted 70 the
memorial services Of the late Julian Hart
ridge.
In the house on the IA n, Mr.. Bragg,
from the committee on military affairs. re-
ported a bill author zing the president TO
appoint James Shields, OF Missouri, as
brigsdier general on the retired list, such
appointment to be in lieu of the pension he
now receives. Referred ..... The house went
into committee of the whole on the private
calendar. ....T The bill to pay $4,000 to Asa
Weeks for his labor and expenses in perfect
ing torpedoes and torpedo machinery was
laid aside to be reported lavorsbly TO the
house The remainder of the morning
session was consumed in debate on the "war
claim B" bill to pay John I. Armstrong, OF
Virginia, 81 $40 for rent OF wharf IN Alex
andIia during the The evening ses'
sion was for debate nn'v.