New-York tribune., 1879-01-16

do not know how It may be elsewhere with govern.
savings bank there will be registration. voucher
be sold In proper fOr aud the assignee get the
money II the book the bond II lost tie owner can
get II back just well the Manhattan Savings Bank
got back It's bonds ! an heart and soul body ana
Mr. KELLEY-Even with nv amendmenti
Mr.. BU lLER-l viii vote FOR your amendment De-
money ~ any time On the 10Th OF February. 1890.
proposed to tdc House the convertible system. NV
90 back it and stand by it -till
Mr. HEWITT Dem, y said That It was not neces-
an institution a. would protect the poor man or give
hlm any facility for saving lis eanngs He might Just
~ well Keep MS SO IN his pocket In the shape OF bank
b'l. The bill was proposition To give 10
nch men with large sums of money per
cent interest from deposits with the Government afjer
SIX months For the ast four years There had been over
SlO00O0.000 deposited in trust companies in New
York NJ less than per cent He knew OF large sums
now on deposit NJ per cent. II amendment were
adopted. the rich men would Simply walk 10 he sub,
Treasury get tier $40 certificates aud at The end of
elx montnr get h"ir per cent interest If this was
ever much savings bank he should be opposed TO II
for another reason, which to him appeared
insepcrable The moneys received from the de-
loss Were TO DC usen ncrofuhg 10 the proValohs ol
thc Funding Act. Whou those deposits were
aggregated. WAS going % lie three months somewhere
Where would II iieG Where II is nov IN call bOLds.
Tins money gathered up from the poor IN SUNS OF so
would INTO the puhC Gep0sOrles ~ the same mali
Those bosted banks which had during the lat year
made millions OF DO lars, allowed To get Z
feo1r Thai -" o6ietfinn Was Al souteiy r,t 10 The hi
Mr. GARFIELD Qiep.. Onioi SAID that the less egsla-
WELL aud he would no; favor any radical change IN the
present order OF ne currency laws. But her was
funding, the present Secretary OF the Treasury had
aoanaoIed the : Indicate ana avi!.d all National bank;
/ OF the WORK ana All him III Transferring lie
bt per cTarv Teh1 1 that ne can mat the work Of
rounding proceed yet more rapidly 10y gong Dr!Dhu
tue banks and dealing with the people directly. TINS
bill proposed iusj that thing i was not proposal TO
make "A savings bank OF the Treasury Ihe amend
of the gentleman from PENNSYLVANIA CIr KeiiHl
"A - H.,
enough nj the idea OF savings bank. while n sub
stdnualy purpose OF reiunding. tie be-
h,stenng IefundluG The gentleman from Massa hu-
sets (ir ButIel sad ibat the Gi would distress thr
man. He wiring ~ believe tnat il d"terln ed
to &JO. be- could do one of the elements 81
strength IN France arose from the fact that
5.UOU,o00 FIcucEmen held tie bonds OF France
laboleIs holders OF United states bonds W"u'd
be the day when he occupation o, those seii'ltH.h
WHO try 10 raise ro" between IA" o3ndodcis anu 't
poor people Viii he gone. lApQlauseJ He was d1l"ls
should become interested IN the dept oi the nh,ion
That wOud Dc great protection for the uunIc 'redt:
sired 10 orcr an mcpdmcnt royiding ,or ne deposit
any Post Ofoe, winch money order OH e, 81 any
.ess tAan twenty yhyc cents 10 zoe iolNdfd 40
the Chlvd States Treasury ana au account kru, 49,
thc deposition, VINO shall rec i've interest at t"e f
pcr cent, ana that when this sum shall amount ju so
y s.a be converted INTO certificates provided ;of ny
Mr WOOD declined 10 yield for the amerdu,ut.
Mr CHITrENDEN N;ep, y. y declared himself IN
favor Of Government Issue of per cent bonds 10
I
be boarded.
MI TOWNSEND Rep, Ohlo) favored the bill:
The deDdtr nav ing cOscd Mr.. BJ RICHARD offered an
Amendment making tue Treasury suVIng- bank.
Tie previous question seconded aud the main
question uriered.-ycds, I12; nays, W -,
Nh keleyo sMendincnd was IeJected-yeas 81 !;
( nays, IJl.
lIr Barcnard's substitute was defeated alsl-yeas.
Nr sPkINGER Dem, H. moved 10 lay the bill on
I the table.
Mr. BUNDY O:ep. " - moved to adjourn, ard the
yeas and NAYS ordered. The motion was defeated
yeas IS nays, 12G-aud the House at 4lo took fe-
cess until $50.
during the day Mr. HUNTON Dem. Va) offered a
children ul Is. 3. Douglas OF the remainder " LII
salary as member OF the ALNth Congress.
THE EVENING SESSION.
AZ the evening session. Hnuse resumed the con
deration Of The bin author Eng the issue Of certih-
Gates II deposit; the first beng the motion OF
M Springer, Illinois, 10 Jay the III on he table;
Tbs dcedteC-yeas, =; nays, ll3-ahd the Dlil
was then passcd-yeas, III; nays, ~
Mt. WOOD Dem y. y. J, Cnai rman OF the COMMITTEE
/ on Ways and VI ans, reported a Oil making CHiled
! states notes receivable FOR duties on inlnr+ - -
Mr.. GARFIELD ORsp, Ohio stated that he des'ref 70
cfier anendmoB; proN!lns thdt sLch notes N.'ou "
receivable long a. they were equlNa ent 10 COM
Cries ono nO He did not ropose, or one 10 smut
on the supply coin meet the interest OF the pun c
debit any calamity should happen 70 tne couhr
/ Mr. WOOD (4cting the organ ~ the comm itctl
yielded 70 the introduction of the amendment anu tue
previous question was ordered
The amendment vas then Geieated-yeas' 49, h"J =
Mr. GARFIELD-Believins this hill to he a serious at
tack on RESUMPTION, move 10 lay II on the table
Th House refused 10 lay the bill on the tabi'-} cas-
/ A. nays. 1J5
II simply provides that after the passage OF the act
Uned -tates notes shall be received III payment OF
duyes on imports. .
OF the National debt be SLOWED the bouds redeemed
for IA period OF three nionths-l -, -,..... sara
The main question being ordered the Rouse az Io;oo
I adjourned