Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-02-13
GENERAL CAPITAL NEWS.
THE REFUNDING BILL.

THE REEUSDlNC' BILL.
WASHINGTON, Feb. 12.-The House committee
of ways and means disposed of the refunding
bill question this morning. The rate of interest
was decided in favor Of three and q half per
cent. by vote of ten to two. The question
of time was settled by the decisive vote of
twelve to one in favor of 20-40 bond. The
interest on these bonds is to be paid quarterly,
and they will be used in funding tves aud
SKIES, amounting to about $500, 100000. The
committee decided also to recommend that au-
tbority be given the secretary of the treasury
to issue S2J0, COO of per cent. treasury
notes, redeemable at pleasure, to assist in the
reduction of the annual interest burden in tho
manner proposed by Representative Kelley.
Those in favor were: Repre- sentatives Woo d,
Tucker, Gibson, Carlisle, Phelps, FELTON,, Con-
resentatives Garfield and Morrison. Mr.. Willis
not voting. A subcommittee consisting Of
Representatives Wood, Frye and Carlisle was
appointed to confer with Secretary Sherman
and agree upon the exact phraseology of a bill
embodying the features agreed upon by the
committee. 1t is expected bill constructed
upon the basis of MIR. Woods bill, with modi-
tications and changes adopted by the commit
tee, will be prepared and reported to the House
on the call of the committee Tuesday next.
EXTRA CLERK ALLOWANCES.
poned for two weeks consideration of the bill
extending the provisions of the sinking fund.
The Senate committee reduces the appropri-
atoms for additional clerks in the pension
bureau from S6l, 900 to $4,000 and for the
war department from $50, 0OU to S32, 600. The
second auditor will also have additional clerks
to clear off pension business.
BUYING BONDS FOR THE SINKING FUND.
Tha foil oil. in Int fn no
chase of United States bonds for the sinking
fund was issued this afternoon:
TREASURY DEPARTMENT, OFFICE OF THE SEcRE
TARY, WASHINGTON, Feb. 1.-THE secretary of
the treasury hereby gives notice that proposals
for sale to the government of 81 COO, 0O0 of
any of the bonds of the United States de-
scrlbed below will be received at the Office of
the assistant treasurer of the United States at
New York, at noon of Wednesday of each week
hereafter until further notice, on which days
the bids will be opened and the awards de-
clared. The bonds thus purchased to be ap-
piled to the sinking fund as pro-
1vided in section 1864, revised statutes
of the United States, act of February 8, 1861:
Skies of 1880: Acts of March "a. 1861, July II,
1861, and March 8, 1863. Skies of 1881: Act
of July A. 1870. Five per cents of 1881. The
proposals should state the specific character of
the bonds offered, whether registered or cou-
pOQ, anu uuueI Hudt dCtS lucy HtIc lSSuSQ,
and may be for any amount not less than
5000. The offers must be for the sale of the
bonds, with accrued interest to and including
the date of sale, and each proposal
must enclose certified check for
FIVE per cent. of the amount of
bonds offered. The checks of unsuc-
cessfuI bidders will be returned as soon
as the result Is ascertaIned, and those of the
others on the following business day, when the
bonds must be delivered and payment in law
full money will be made as soon as they can be
duly examined. The right is reserved to re-
ject any or all bids and waive any defects
(Signed) JOHN SHERMAN, Secretary.
The United States bonds accepted by the
government, under the instructions Of the
secretary of the treasury in his circular of the
Sd inst, amount in the aggregate to about
I'll, 100000. The treasury department, to-day,
purchased 100000 ounces of silver for the
minis at New Orleans and Philadelphia.
CLAIM AGENTS GETTING IN THEIR WORK.
The House committee on education and labor
will report adversely to Representative Thomp-
sons bill providing for the distribution of the
fund from unclaimed pay and bounty of col
ored soldiers for the education of the colored
race. The action is based on information fur.
nisbed the committee that the fund barely