, 1881-01-19

htltt by TINT means contract tuc cHIftHcS ~
lint extent, II Ills substitute stood, TINS re-
tluction must be- gratlnal nt1f slow.
AEr. 1Eatci,'s amendment wns rc1cctett,-
yeas, 81; nnys, :7,-Isepubllcans not voting.
Mr. Ward offered Mi amendment -
nErESt1Su THE LAWS IMPOSING TAXATION
on capital and deposits of bantseio on ting: CIR.
cufhtion Of National banks. antf upon bnnk
checks. Ruled ont OIL point of order.
.AIr, Price offered m amendment providing
Tint any National bauk dcposttlng tho bonds
pfd1ldetl TOR In lhis bill as scdutity for h1rc,t-
lo,ion shnl be exempt from oll tax on cap-
ital, deposits, and circulation. Ruled ont Of, |
pH1i Mrianni nInes askcd Ind obtained cave oiavo
printed II, Tho record some runarks upon MI |
amendment offered sonu days ngo rolatlve to |
tl,o nnymcut OF double interest, 1t Ind been
asserted It woula result In a loss to the Gov
ern,ncnt Of 81 ,00o, 900. but lio contcndcd 1t
would result IN II saving.
General lcaye to print was granted to all
members.
Amendments. wero further offered by
Mrssrs, Cnlkins, Prescott, and lIaskolI, Which
were all voted down without debate.
Mr.. Chalmurs uiForcd, rs Il new SECTION, an
amendment providing for tho RraduAl retire
,nent of Nuttoral-bank notes and the substl-
tuition III their p!aee OF no,,-lcgat-tender
Treasury notes.
Morrison said llo would vote for the pend.
Ing bill with no expectation or desire tlsat 1t
should become n law. lie held that 1t WAS
WHOLLY 1MrRAcrlcABl.E
ns funding measure, but lie recognized tho
necessity Of passing some Inv OH uae suit
icct, aud lie would vote for 1t iii tic iopo
lint It would be bpttcrcd at Lie other end Of
the Capitol. -.
Messrs. Weaver and o. Turner moved to
amend by making the Treasury notes legal-
tcuder. Rejected.
The reading of the bill was then completed,
tho date III the last section, 1851, being
changed to 1851.
Mr., Bland Offered substitute for tho
whole bill, authorizing the Secretary Of the
Treasury to receive, for resumption purposes,
coin in the Treasury equal to 70 per cent Of
NIL the legal-tcn.ler notes outstanding, ard
sufficient sum of coin TO- redeem the silver
certificates md to, apply tho residue to tho
redemption Of the public debt.
Tile Republicans, Mt first, showed hspo-
sitiUu to refrain from voting, hut finally
other counscls prevailed, antl they voted
ngalust the substitute, which was rejected
i:} to ~.
stl.. GILLETTE THEN OFFERED HIS sCnsrf-
TUTE
providing for the redemption OF United States
bonds by the Issue or S34o,pou,ouo Irea5nfy
notes and by the imposition OF. Al. income
tax, tho revenue from which shall he used In
rcdeclnlng bonds. Ruled ont oil point of
order
Mr.. Gillette then modified his nmeddmcnt
so rs to escape tho point Of order. ans in IT.
Eulng in favor Of IL sald tho gentleman from
Missouri tpatllips) hau takon advantage Of
the privilege accorded him to print some
remarks III the Record to abuse lin (tstl.
1etto), to question Ills motives, md abuse his
party. The gentleman might bo excused for
being nervous about the growth Of the Green.
.bnck party in his State, but, when Il man
J.. asked the privilege to print remarks, to use
That privilege to abuse anothcr man was be.
meath the dignity md character Of gelitle-
man. The gentleman {phlllips> even went
so far rs to reflect OH his successor In the
next Congress.
Mr.. Phillips replied that lle WIS not awar1
that anything he had submitted hal been
uuparliamentary, or that lie l,aI violated the
privilege accorded him, and when tho gen
tleman from 1own accused him Of doing SO
Ills remarks: 'wero entirely gratultous. Ill
~ PhIlilps(' had simply entered into
ga discussion tjf the nonsense en-
II Tie