The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1881-01-13
CONGRESSIONAL.
THE roarr-sEvExrH CONGRESS-
SENATE.

xu.,.;,ton Ian. l2.-Dayis submit
ted n resolution iils.raciing The commit
taa on finance to inquire iato the adyis-
ahi,;tv Of a change in the organization
~ the treasury and other departments,
md make a general transfer of author
;tv and custody. Ordered printed.
Logan called up a joint resolution
regarding the extending of the frank
ing privilege. lie said that under the
present law, while the department
clerks could frank official business, this
privilege was denied to the members of
congress. A discussion followed upon
the expediency of restoring the frank
ing system in which some of the abuses
which caused its abolition, were refer
red to.
AT the expiration of the morning
hour, ON motion of Withers. the army
appropriation bill was taken up. With
ers stated that as compared with the
bill of last year, the present bill, as re-
ported from the senate committee,
showed net increase of the appropria-
tion of $262, 600 In Il committee of
the whole, the amendments of the sem
ate committee were agreed to.
HOUSE.
Washington, Jan. 12.-On motion Of
Buckner the morning hour. was dis
pensed with, 123 to "a.
f. Wood moved that when the
house next went into committee Of
the whole on funding bill debate on the
amendment be limited to thirty min
utes. Agreed to, 149 TO 4. Coffroth,
Stebenson, Humphreys and Weaver
voting no.
The house then went into commit
tee on funding bill.
Wood saw nothing inconsistent in
the three per cent bond and the option
indicated in the bill, with the removal
of the tax on deposit in banks and the
Establishment of the three per cent
rate. The option was immaterial, be-
cause the bonds would not be likely to
rise to any great premium, and the
government could at any time get them
mt par or nominal premium. He was
confident of the speedy negotiation of
every bend issued.
Stevenson opposed the bill because it
fixed a permanest national debt on the
country.
Weaver protested against it on the
same ground.
Mcmillan said lie moved to offer an
amen dment making the bonds taxable.
Dunnel advocated three per cent
bends redcemable in fifteen or twenty
years.
Turner oppose the refunding theory,
but favored the income tax on capital
lists to extinguish the bonds, and the
debate was extended one hour.
Danford (Alabamal Offered an amend
ment providing that before any bonds
or notes authorized by this act are is
sued, it shall he the duty of the secre-
tary of the treasury to pay out for bonds
accruing during the year 1881 all stan
dard silver dollars and all gold over
the fifty millions now in the treasury
for redemption purposes.
The republicans in order to spoil the
committee bill aided the adoption of
this amendment by abstaining from
voting. and it was agreed to by vote
eighty-three against twenty-eight.
Wood gave notice that he would de-
mand yea and nay vote on this
amendment in the house,
Mcmillan (Tenn.) then offered an
amendment providing for the taxation
of the bonds and although at first there
was disposition on the republican side
to refrain from voting, and even to vote
in its favor, it was finally defeated.
ayes 81, noes so
The time for thesslebate having ex-
pired, the question REQUIRED on Woods
amendment, fixing the rate of interest
upon bonds and certificates at three per
cent.
Newberry demanded division of the
question, and the vote was first taken
on fixing the rate on bonds at three per
cent. Agreed to by 1872 to 92. A
grqat body of the democrats voted in
the affirmative, and a majority of the
republicans in the negative. The Sec
ond branch of Woods amendment to
arrange rates on notes at three per cent
was also agreed to without division.