, 1881-02-18

There were Fosno eighteen scnators absent anu
mt pnIrcd, aevcrn Of whnn nro known to bo
opposctl tn this nth section.
IT fs OF CUUHsf: POSSIBLE
that, II final neti0n IN the tienRe SHOULD be post
roncd until those eighteen Ahsontcea coutl 10
present, tho nctton nj tl-ntKht might be TO.
verscd. This. however. Is hnrlly prol,n1lc. Tic
expectation now Is that tho Jinstso nny ncccpt
tho I'LL as It will cnn.o from the Senate, ID view
of tho a'1nntinn ri tho i prr cent rate. even
without conference. The only serious change
In tho liouso hill, thus far. Is tho ncronso of tho
commission allowed for negotiating tho bonds
frnm = to II per cent. Tho Ilo,lse made firm
stanI for this reduced rntc, and hnt1 much 10
my of
sySplcATEs Ann FAT CONTRACTS.
For this reason tho 1iauso tnay insist upon
conference. The t!fth section, na adopted, re-
pca1s TINT section Ut tho stnnto which per-
snlttcd tho hunks to retire circulation ly only
gathering up their own notes and presenting
thoIn at tho Trcasury. Under tho old law this
WIS found to 10 difficult, and, In many cases. m
impossible procedure, tho banks having sotue-
times been compelled to pny n premium upon
their own notes to sceurc possession Of tbcm
wlten desiring to rctlico their ejaculation. cfute
this CHI BECOME Il Inv, thoro still will rctanln
few ,lays Within which tho bu,iks may retro
thor circulation. mud
j. rr f!EstAiSs 70 III: BEEN
WhetheF they will, rs predicted BY soyno hnnn.
eiers, take advantage If tho opportunity. The
Cot,inlttcrs amendment prescribing tho modo
Ut Selecting tho bonds to bc redeemed frDm
time tn tltnc WIS ngrce1 to, ns wns ntso tho now
section nuthosIztng tho Treasury to hold tho
ncw h0nfs rs security for tho circulation Of tho
lH.'lks. and prnrlng TINT only honds bearing
inserpst should bc 50 hctd. i tlcbnte followed
,pon AilIson's amendment providing for tho
zulu of tho Gonts under senIc1 proposals,
liz
Some Senators. Including UeE. Logan, fcarcd that
this might throw tho whoc loan Into tho hands
Of IL sy'l''leato or combination Of bankers. hut
tho amendment was agreed to.
TIT: SENATE DECIDED
totRkc finnl vntc upon tho Funding blff to-mor-
row ut :. O'clock. Therr Is little doubt that tho
bill. us It WIS aRrcesl to fortnight in tho Com.
mttco Of tho Whole, will be passed. It will
then rcn,ain to bu Bcon whether the
llousc will accent Its own bill with tho blight
chanucs IN substance and phrnscoluyy nude by
the Scna1c. IL Is believed that tho House will
mt make Il serious contest OIL tho extg t1sjon Of
Tine. The trnvislon increasing tho commission
ioa;i viii excite % uurc o. opposition. stt, inas. @
much uS tho ac,latg hns 10 nenrly accepted tho
blu of tho liotlse. It mny be TINT tho Lower
Chanbcr will ngrce to tho notifications without
Il contest.
THE SENATE FISASCIEHs
havc great fasth In tho credit Of tho Govern
etan e senaor a' ss saeas ats %
WIS tlnptcd providing tint the rite should mt
cxccot > pcr Gent. Mr., Mcdonald evidently
thinks that tho toan lliuy 10 negotiated at per
cent.
From "riE HEco1sD."
To tae tt1'tt'7 A''oetattd Pres1.
sue'i ine .,iscuss1oi; Of tho Fu,'iins iii. viii
thu generally. Understand purrOst VI dlspcsIng
Of tle blu to-day, even If Il night session wer:
Mr. TIatt spokc II, fayor Of n3l; per cent rato,