, 1881-01-13
"DRAG0ONlNGNf;3 Nf:;3
A Bad Day for theEs7sa-
tiona1 Banks in tY 20
House. ~
Continued Debate upon the
Funding Of the Nation-
al Debt.
The Rato Of Interest, by Vote
Of 132 to %, Fixed at
8 Per Cent
Payments to Be Pushed in Silver
Dollars to Keep Down
the Surplus.
Republicans Also Allow an Amendment
10 Tax the Bonds to Come
Near Passing,
Evidently Intending to Let the Bill
Get Too Heavy to Stand
' Alone.
Messrs. FRYE, Haskell, Einste1n, aud
Xarl Battle Hard for tile M.
tional Banks.
Democratic Leaders Not Willing to Risk
Uupopularity By any Concession
to the Capitalists.
Evidently Intending to Let the Bill
Get Too Heavy to Stand
Alone.
Messrs. Frye, Haskell, Einste1n, aud
Harl Battle Hard for the MI
tfonat Banks.
Democratic Leaders Not Willing to Risk
Uupopularity By any Concession
to the Capitalists.



WASHINGTON. u. C.. Inn. 12.-'rle leading
results and Incidents of the long debate IN
the House llp0il the Funding bill tQ-tlpy may
be titus summarized:
!. Tho flDnsc. by II majority Of 10 votes fycns,
III; nuys ~ slccdel that tue r1ato If Interest
p0sl tho proposed now tnnI shn|l he per ccnt,
irruspcgtis Ut tho length Of time which It n,uy
hereafter do determined that tho bond shnll run.
:. ~ rrovlsu wns auI'cti In tho till TINT, beforo
auy Ut tho proposed per cclsts st,al be issucd,
nll the gold and stlrcr G0ln III the Treasury over
*1,0o.dO0 now held for resumption purposes
shn be pull to redeem tho tllatur!ng bonds.
j. Thnru Is Il very decided tendency to shorr-
t!tlEc bond. Tho ovldent belief on tho pnrt Ut
ttnny who voted for tho per cent ratio Is
th1t tho So1ntc will afno,ld by giving tho Secrc-
tary Of tho Trrasury discretion to tho maximum
uf W pHr cont, and thnt tho Inter proposition
wilt ultimately bu agreed to In tue Committee Ut
Conference, and ntfopto.i BY 10th liouscs.
1. Thorc nre iifty-scvcn members Of tho Houso
willing tn otD ihut tho rnte Of interest ehn1 bo
liked Mt per ccnt. thut tho bonsls shall he Of n
short term, anu TINT thoy shal also be taxed.
These fifty-scyon gentlemen cais themselves
statesmen.
s. There IN Il very marked disposition m tho
pNrt OF Speaker Randall to drag politics into tho
! discussion, and to secure credit far tho uomoc-
racr ~ a dcbt-pnyfnE purity, anti to rnako It up,
pcar that thnt party t1ocs not deserve its rcpu-
tation OF tho party 0f repndlntIon.
g. Tho v0to fn fnvOr at tho Q per cent clause
wns Utmost entirely rnrtlsa1,. tho Republicans
voting almost s1iftity algaiust 1t, uud tho Dcno-
crnts. With nenrlY equal aoidty, f<'r tho per-,
cont. =.
FERNANDO WOOD, ;
rising from Ills bed, wlcru inianlmatory
rheumatism Eas fur sOll,o lays cnl1fneu 1lin,
nppcnred nEail} to cull np tic bill. i lie did
50. liz sntd, With renewed confidence III tho
ability Of tho it;0vernient 10 tlolt = per
cent bond. lii said tlAt since the Inst day
Ut the tlebAte, 1le l, received additional let
tcrs from bankers, wlicll CONVINCED hin Of
the certainty tlsat such n loan woult bu slle-
| cess. llD showed how
1L1.0t'1cA1 AND INCONSISTENT
Ills position Is, however, III tic iElSt pnr-
ngrapll Of his speech, III wlllcl, lie nJlAtttetl
that It might become necessary. III orlcr to:
'l0at the bond, to TAKE oil TIC tax upon tho
capital a,li deposits Ut National ban';s. 1t Is
to bo nolct, 1,oweyer, ttut ile did not ltayo
tie cttlrage 0r Ills opinions III tlls respect, III
ille did not propose to a1Ieltf the bill by
making my such proposition. Ills. evident
purpuse istO lenyo 1t to tho Republican COIL
EEGss to rrtteye the hunks Ut this tuxation It
1t sllnfl be fol1nd necessary t0 do 10 to sell
tilt bonds.
THE ONLY nEru1ll.lcAS
wlu spoke In fnv0r Ut t!Ic ) per cent ratio
| was Dunllul, Ut Minnesota liz 5aEl'tEnt lo
sa>. lIo rcns',ll to c!lanRe Ills opinton tint u
= pgr cont bulld could bo negotlntcu since lla
| hal voted fur tlAt ratio In tho Waysanu A[ea,la
<Commlttee. iio hascd Ills belief tint tho
Government can sell tic bond upon tho larg.
amu1,,t Ut trslh. nlnney which ho thinks will
seDk such all Investment. Dy taking this p0-
sltlon some Ut h!s Nepublcan opponents for
tile Spcnke1shIp say that l,o llns lnjuresl Ills
tt1utlta.H f1r Tint tIillcH AlIru m hnpr.1 I,tn-