, 1879-01-16
WASHINGTON.
Important Finance Measures
Passed by the House
Yesterday.
A Bill to Authorize The Issue Of
Small Certificates Of
Deposit,
And a Bill to Allow the Pay.
ment Of Duties in Green"
backs.
The War Opened Between Senator
0onkling and President
Hayes.
Papers Sent to the Senate Ex-
planning the New York
Removals.
The Charges Denounced by the
Senator as Personal and
Partisan.
A Democratic Senatorial Caucus
to Take the Lay Of tho
Land.
An Evident Disincliration to Sustain
the Constitutional Amend
ments.
A Democratic Senatorial Caucus
to Take the lay Of tho
Land.
An Evident Disinclination to Sustain
the Constitutional Amend
ments.
FINANCE.
THE CCRTtrlCATH-or.DEr DILL.

WASHINGTON, u. t.. Jan 15.-lhc llouse
spent tho day session In consideration Of tho
hill reported by the Ways and Means Commit
tee to authorize tic ]esuc OF certificates VI de-
roett in aid of the funding Of tho public debt.
Tha bill !s tho Treasury bill, AMI was submitted
10 tho Ways and afenus Cotu1nlttee br Secretary
Sherman. 1t authorizes tho Secretary to cx-
change for 1cgal-tcndcrs certificates Of deposit
ot the denomination Of $40, bearing interest at
The rasc Of . per cent, convertible at any time,
with accrued interest, into 4 pcr cent bonds.
with q provision that tho money TO received
shals be applied only to the payment Of
O per cents. and for tho purpose
Of refundiag. Fernando Wood, who bad charge
OF the bill, did not notify tho Ifuusc that IL was
tho bill recommended BY tho Treasury, and
deemed By Secretary 8hesman necessary 10 aid
ntruNpINo TIE ruaL1o DEBT.
II ia posslblc that Wood thought that such m
announcement would prevent tho bilt from re-
ceiging some Democratic votes which Il other
wise might receive. The consequence Of tho
suppression OF this fact, however, was In tho
frat instance to a1!enate from the bill almost .
majority Of the Republicans, who Immediately
raised the question. why should Mr. Wood bo
undertaking to interfere With the pres
ent condition OF tho lnances, aud Is
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