Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-12-15
House.

" AsTfINgTOS December l4th.-Morton introduced
a bill tc incorporate the Maritime Canal Company
of Nicaragua Refer red to the Committee on Com.
Ineree 1T names as incorpOrators U. ). Grant, e.
D. Morgan, Il J. Jewett, w. l. Garrison, Howard
Porter. Fred Billings, G. w. Riggs, Scion Hum
,,hravs Frederick, Buttereld, j. Thomas de France,
3 Beale and William DennisOn, and promises
that The capital stock shall consist OF not less than
100000 nor more than 100000 shares OF slOO
each.]
seaplen and TO provide home Tor permanently as
ahled seamen. Referred.
Bicknel then called up the electoral count reso-
luton, and demanded the previous question. The
Republicans refusing 10 vote, the House was left
without quorum.
The roll.call was ordered, and at its conclusion
Bcknei said it was evident that the Republicans
were not bettel minded since the debate than be-
fore and consequently he woui1 not now press the
resolution, but would bring it forward in January
as soon as ne could find lat Democrats.
Money, Chairman OF the Postoffce Committee, re-
ported back the resolution recitns that certain I'M
frankabIe matter was detained in the Washington
postoffiee under the frank OF Representative. He
reportei an amendment asking the Postmaster for
Information as to the abuse OF the franking privi-
lege by members OF Congress by the loan OF franks
Singleton of Illinois opposed the resolution,
shicii, howeyer was adopted with the amendments.
+ Wood moved that the House go into Committee
of the Whole on the funding bill, and the ayes and
noes were demanded.
Tae Sneaker announced that the motion made by
F. Wood had been cauied-ayes 136. noes 30 and
the House vent into Committee of the Whole Co
vert il the chair on the funding bill
P Wood stated that the Committee OF Ways and
Means had agreed to report an amendment placing
the rate Of int rest the bonds at three per cent
also technical amendments would be offered.
Kelley and Buckner offered, as substitutes for the
pending bill the bills which have already been pub
!shed
Gillette offered. as substitute the bill which he
had offered last year. authorizing The Secretary OF
the Treasury to set apart all surplus coin and paper
money which may be in the, treasury from time to
time as q fund for the payment OF maturing bonds
and for the purchase of silver bullion for m'ntIng
purposes, and imposing an income tax on
incomes exceeding 81 500 per anDum.
Mcmillan offered an amendment providing that
the bonds issued under this Act Shall be subject TO
tax alton, other property.
Al ordered printed.
Warner belisv d TIE debt should be paid. not per.
petusted and made an exhaustive argumen', advo-
citing treasury notes instead OF icnal bank not g
declaring the bonds payable in gold and silver
Chi.tanden said twas simple case. The United
States owed $500 000, 900, and was paying an eXor
btant interest. The credit OF the Government Is
better than ANYBODY would have believed possible.
C97er IS was to say whether to continue to pay
! 81 per cent. or pay the debt eventually, mean
tilie reducing the interest 20 per cent Tine credit
Of the country was, thank Cod, the best III the
world, despite the silver craze. he believed money
could be borrowed at g. hut would not limit the Sec
Teay Of the Treasury to par Tor such large amount
The committee rose aud the subject went over.
BiJunt stated that theie would be four appropria-
ton bills ready for consideration tomorrow.
Cabel offered resolution appointing A. W. c.
Nelain vi Virginia, Postmaster of the House.
C1ngor Of Michigan moved TO amend by subsd
tuting Henry Sherwood. Rejected, and Cabell's
resolution was adopted.
Singleton, from the Committee on Appropr
atoms reported the consular appropriation bill, ap
p-upr!ating 81, 10000 Ordered printed.
Forley from the same committee reported the
Military Academy appropriation bill, appropriatinG
S322, 09d. ordered printed.
tubnell reported adversely from to Military
Committee the resolution asking the Secretary o
War for the estimated cost OF double track rail
rosd from New York to Council Bluffs. LAID on tn
table
Adjourned