Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-01-16
THE EVENING STAR
IHURSnaf........January Les, 1879.
CONGRESSIONAL.
Of Tesserdap,s proceeaf,c


ana soldiers OF the Mexican war of the three
months extra pay provided for 10y the AZ, on
July -, 1SaS, led TO discussion participated IN
by MeSSrS. EdmundS and MaXey
MI Edmunds submitted an amendment 50 as
to make the bill applicable to those who wera
In the late war for the suppression OF the re-
bellion.
Pending discussion the bill was laid aside and
the Senate then resumed consideration OF the
unfinished business, being the bin to amend the
patent laws, and lengthy discussion followed
between MesSrS. Wadleigh, Conkling and Hoar
in regard to alleged unwise and Illegal provi-
SiOnS in the bill.
Pending discussion. tie Senate at 3 35 O'Clock
on motion OF Mr. Edmund5. went into executive
session.
At 80 the doors were reopened and the Sen
ate adjourned.
FINANCIAL LEGISLATION.
EOC SE.-After our report closed
Discussion was continued on the bill author
ztng the issue OF certificates of deposits in aid
Of reflnding OF the pubic Iebt,
Mr.. Wood said that ii was proposed by this
bill 10 make national savings bank where
there would be positive ana absolute security
Tor every dollar deposited BY the poorer classes,
ana the result OF which would be TO make these
classes of the people c0partnerS In the govern
ment Itself. Another effect OF it would be TO
cement fraternal concord throughout the land.
Mr.. Kelley spoke in favor OF his amendment
and in opposition to the bill, COnJendiHg that no
laborirg man could be benefited by 1t.
Mr.. banks argued that the effect OF the bill
would lie disastrous upon the savings banks.
Mr.. Butler opposed the bill a. de.liSon and
snare He said it had no elements OF a savings
bank IN it, and had no safety.
MIR. Hewitt a. " also opposed the bill, and
declared. among other things. that its efficiency
as ii means OF taking = per cent. out of the
treasury OF the people ana putting il In the
treasury or The national banks was as clear as
monday.
The debate having closed. Mr.. Rurchard
oifered an amendment that IN Lieu of the certfi-
cate provided for, the Secretary of the Treasury
shall. if desired, enter on the books OF the
treasury. TO The credit of any one presenting or
forwarding il 10 the Treasury, any sum not less
than one dollar and shall allow interest there
on ana credit the same quarterly at the rate OF
thrte Per cent. per annuln, and shall establish
rules and regulations for the withdrawal Or
payment OF such deposits; provided that when
the sum OF $1,000 snail have accumulated to the
cEeGt OF any person. four per cent. bonds snail
he issued il discharge and payment of it,
The previous question was seconded. and the
main question was Ordered-yeaS 1872. nays 90
me HISt vote was taken on MIR. keeyS
aIGendnent-that certificates snail be convert
| iOie [a1ter six mOnthSl into lawful money and
at any time into four per cent bonds.
Isl The amendment was rejeeted-yeas ST. nays
The next vote was taken Oh Mr.. B,;rrbard.s
substitute. and 1t was defcated-yeas 81, nays f5S
Mr. SPRINGER moved TO lay the bill on the table
Nj Buhdy moved TO adjourn, and the yeas
ana nays were ordered.
During the roll-call the hour Of $50 arrived
| at which time the House had agreed To take a
recess until 80, but the Speaker ruled that the
| call should be completed, and it reSulted-yeaS
u
| until 80
| During the course of the day Mr.. Hunton
| offered resolution; which was adopted, for the
| payment TO the children of the late b. b. Doug
| las OF the remainder OF his salary as a member
II the 18th Congress.
| The House resumed consideration of the bill
| authorizing the issue OF certificates OF deposit
| the first vote being on the motion OF Mr. Springer
| TO lay the bin on the table
This was deIeated-yeas IS. nays ll5; and the
| dill was then paSSed-yeaS III, nays y.
/ IN
| and means, reported Il bill making United States
notes receivable for duties on imports.
| MI. GaTfied stated that he desired to offer an
| ;ilAeGdi eilt providing that such notes should
| pe receivable 80 long as they were equivalent to
| com. lCrieS OF NO, mol lie did not propose,
for enc, to shut off the supply OF coin to meet
the interest OF the public debt. III case any Ca
| idl1itl should happen 10 the country.
Mr.. Wood, acting as the organ Of the commit
lee, yielded TO The introduction OF the amend
| hient ana the previous question was ordered.
| The amendment was defelted-yeaS as, nays
| 10
| Mr. Garfield.-Belieying this bill TO be a serl-
| the table
The House refused 10 lay the Ion the table
| yeas II. nays 155
| TIE bill was then pasSed-yeas 154. NAYS a
1t simply provides that after the passage OF
| the act nlted States notes shall be received In
| payment OF duties on imports.
| MI. NCtd also reported a bill to facilitate the
| rebuilding Of tie national debt. III authorizes
tEe Stc etary OF the Treasury in the process of
| .efULdlng the national debt, to exchange di-
iectiy at par the bonds bearing per cent in
'eiest ior The bonds commonly known as 5-20'S
outstanding and uBcaled, and directs that when
| ever al such $40 bonds shall have been re-
Iee1ned, the provision OF this section and all ex-
latihg PROVISIONS OF law authorizing the refund
| ing or the national debt shall apply to any
bonds OF the United States bearing 5 per cent
| Gf Il highef rate OF interest which may be re-
"eeinabie, and that in any such exchange In
teTest shall be allowed on the bonds redeemed
lOr a period OF three months.l
Ihe main question being ordered, the House,
dt 1850, adjourned.