, 1880-02-19
WASHINGTON.
The Complete Text Of the
3 Ia Per Cent Refund
ing Bill.
Senator Bayarl Believes n 4 pcr
Cent Scheme Would Go
Through,
While This Will No Doubt
Meet with Considerable
Opposition.
The Washburn-DonneIIy Case Taken
Up In the House, and Decisive
Action Deferred.
A succinct Stntcment of tho
Grounds for Throwing
Wasllburn Out.
The Exodus Committee Catch a
Witness Not Wholly to
Their Liking.
It's No Wonder, According 10 Ills Tcsti-
m0ny, tint Negroes Come
North.
Aoklen's Case Reported to the House and
Referred to the Judiciary
Committee.
TILE REFUNDING BILL.
The Exodus Committee Catch a
Witness Not Wholly to
Their Liking.
It's No Wonder, According 10 Ills Tcsti-
lnony, tllat Negroes Come
North.
Aoklen's Case Reported to the House aud
Referred to the Judiciary
Committee.
TILE 12EFuNDING BILL.
SENATOR HAYAHD's VIEWS.

WAsu1xGt0N. D. C., Foh. 1B-scnntor 1iayard
said to-day In conversation lit rcKnrl to REFUND
ing thnt he could not brirg himself to look at
tho subject ns ono that should t,o regarded In the
light Of party. flo thought tho SUnnto WIS Ill
cllncd to bo moro conservative in It's actton than
tho House, nnl that tho proposition Of tho COM
mtteo Of Ways md Mems to Issue w rcr cent
1,onds would nntf less favor In tho senate
thnn 1t nppoars to havcln tho 1Inuso. IIo thinks
that in this matter tho contingency Of
chnngo In our present prosperity boforn
tito yGnr ends should DO carefully considered.
Tho balanco Of trade might bo turned ahnrp1y
ngainst liz through nKonctcs which wo cnrn0t
now clearly foreacc, and 1t might bo Impossible
to tont a 3h bond Mt par. Io reparlcd tho con.
ncction bctwcon our bonds antl our NNtlonnl-
bank notes as 20 inttmate thnt II 1nntcrlul do
orcnso III l,Ouda might affect tho vutues OF buntls,
and 90 Of all values. Tho wholo drift Of bis talk
tnlicated tho bollof that tho tendency Of sonti-
mcnt tn tho Senate Wis toward d bill providing
Enly for per cont bonds.
TEXT or THE MEASURE.
Ib tho 1Vfster1s Assoeiattd P7tss.
WAsHlNaTON, D. G., Fob. 13.-Tho following Is
a toxt of tho bill to facilitate tho rof,nding Of
tho National dnbt, agreed upon by tho Com
1n!ttco on Ways md Means:
Of tho law authorizing tho refundlns of Tho Nj
United States bcarin4 i higher fnto u interest
than ~ per contitin per atlt,11na which nl!y
a tGe gems iss s ha u
so m tho 2 rsfs2ns @ d iho Nat!oiai ,lol, MD Tho
s'i aosso eSaofy Sy d 5nSFp ssf q Fe 5 81
an not To nlthur!ze tho ixsuG Of ccFtificntcs ct
tsat f. u" IL, q tss ss.1SY 5sF & o eS asa4s nS
Is hereby authorized ii issue bonds 4!
IN amount ,, not exceeding f;AD,oo9,en
tnh&i1ft ftljlnntIJn11]J mt tho
pleasuro Of tho. United statea after. twenty
years a;, payabio forty years from @ :t9 3 e ~ y.
bcnrlng interest at tho rato of NJ per tentnnl
ppr ,!.''ln!n, rodeetnablo ut tho p!easure Of the
gnsa stes te 95tcg t5s two mi p"Ss 1 ~
thar 10000 600 Of satd noics slalf 30 redeemed
IN any ono tlscal ycar, and tho particular notes
tor1nned by lot under such rulcs as tho Sccrc;;
tary Of tho Treasury nlay nuke. Tie bonds md
notes stl bo In all other respects nf llko chnr-
ncttr nnu subject to tho BAslu provisions As tho
bonus uiitrixc.l to 10 issued By to nut Of July
II, 1y!o, entitled AN net to al,tI.orizo tho ro-
im0iidtitory tl.oEcto," provided tint nothing In
this nct shall bo 10 construed LIS 10 authorize
''sre!tso @ Ct tke public dept +, ,o.,,
authorized IN tho PROCESS OF rcfttndlng tho NA-
t!onal debt to uxchHnRc ut nnt ltas thHH par any
"f tic Ito bonds % of ss' ths unitsd statcs outstanig
anI uncalEod. bearing h'3hor r!te Of Interest
than ~ per cent per nntl,!m md "a tho boiltls
allow to holders tho difference hctwecn tho In
forest on sslch lnnds from tho tlnteo cxohnhEo
t3 tho ts Of er t'! % %ntry a ntGrss f9r
none Of the proyiaIoRtof this not sh1ll npply to
tho redemption or exchange Of nny bonds Issued
80 received md exchanged' 'iM piirsua'ico Of tho
provisions Of ths not shall 10 canco!cd aud
SEc. .. authority to Issue bonds md notes to
tho nlnount necessary 70 cafry cut the provision
Of this pot is hereby Hrnnte4; ~ ,a,, -