The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1881-01-28

lur;nu its continuance. In neighbOring set
Element. eighteen lives were lost, and doubt
less many more in other places. Hundreds OF
houses were destroyed, BRIDGES washed away,
and streets and roads so utterly devastated as
hardly to leave trace of their previous exist
ence. DR.. Blumenaus valuable library ana
private papers and manuscripts were irrepara-
bly damaged, and his botanical garden, that
had been carefully cultivated for TWENTY-FIVE
years, was partly uprooted and destroyed ana
partly buried in mud. Most OF the colonists
are destitute.
The Funding BIN.
WASHINGTON, January 10.
FOLLOWING is the full text Of the Funding
bill as finally passed by the House to-day:
SECTION l. Be it enacted, etc. That all ex'
fsting provisions of the law authorizing the re-
funding of the National debt shall apply to
any bonds of the United States bearing high
er rate of interest than ~ per cent. per annum
which may hereafter become redeemable; pro-
vided that, in lieu of the bonds authorized to
be issued by the act Of July IA, 1870, entitled
IAN act to authorize the refunding of the
National debt" and acts amendatory there
to, and the certificates authorized by the
act of February 20, 1873, entitled IAN act to
authorize the issue of certificates or de-
post in aid of the refunding OF the
public debt" the Secretary of the Treasury Is
hereby authorized to issue bonds in an amount
not exceeding 500, 900, which shall bear in
terest at the rate of three per cent. per an
mum, redeemable at the pleasure of the
United States after five years, and payable
ten years from date of issue, and also certifi-
Gates to the amount of $500. 100000, in denomi-
nations of $40, SO or $50, either registered or
coupon, bearing interest at the rate of three
per cent. per annum, redeemable at the pleas.
ure of the United States after one year, and
payable in ten years from date. The bonds
and certificates shall be in all other respects OF
like character, and subject to the same provis-
ions as the bonds authorized to be issued
by the act of July IA, 1870, entitled " An
act to authorize the refunding Of the
National debt" and acts amendatory thereto;
provided, that nothing in this act shall be SO
construed as to authorize an increase OF the
public debt; and provided, further, that in
terest upon the six-per-cent. bonds hereby au-
thorized to be refunded shall cease at the
expiration of thirty days after notice that the
same have been designated by the Secretary
Of the Treasury for redemption.
SEC. 2. The Secretary of the Treasury is
hereby authorized, in process of refunding the
National debt, to exchange, at not less than
0Is
lied for any Of the bonds of the United States
outstanding and uncalled bearing higher
rate of interest than ~ per cent. per annum,
and on bonds so redeemed the Secretary of the
Treasury may allow to holders the difference
between the interest on such bonds from the
date of exchange to the time Of maturity, and
the interest for a like period on the bonds OF
certificates issued; but none of the provisions
of this act shall apply to the redemption or
exchange of any of the bonds issued to the
Pacific Railway Companies, and the bonds SO
received and EXCHANGED in pursuance OF the
provisions of this act shall be Cancelled and
destroyed.
Sec 8. Authority to raise bonds and certifl-
Gates to the amount necessary to carry outline
provisions Of this act is hereby granted, and
the Secretary of the Treasury is hereby au-
thorized and directed to make suitable rules
| and regulations to carry this act into effect;
provided that the expenses Of preparing, issu'
| ing, advertising and disposihg of the bonds
and certificates authorized to be issued shall
| not exceed one-fourth of one per cent.
SEC. 4, That the Secretary of the Treasury Il
| hereby authorized, If in his opinion it shall be
| come necessary, to use not exceeding $4,000,
| 600 of the standard gold and silver coin in the
Treasury in the redemption Of the five and six
percent. bonds of the United States, authorized
to be refunded by the provisions of this act
and he may, at any time, apply the surplus
money in the Treasury, not otherwise appro
| priated or so much thereof as he may cOnside
| proper, to the purchase or redemption o
United States bonds or certificates; provided
that the bonds and certificates so purchases
or redeemed shall constitute no part of tn
Sinking fund, but shall be Cancelled.
SEC. S. From and after the first day of May
1881. the three-per-cent. bonds authorized b.
the first section of this act shall be the onl
bonds receivable as security for Newfoundland
circulation, or as security for the safe-keer
ing and prompt payment of public money dc
posted with such banks; but when any sue
bonds deposited for the purpose aforesai
shall be designated for purchase or redemI
ton by the Secretary of the Treasury, tn
banking association depositing the same sha
have the right to substitute other issues o
bonds of the United States in lieu thereof
provided, that no bond upon which interes
has ceased shall be accepted or shall be contir
ued on deposit as security for the circulatio
or for the safe-keeping of the public money
and in case the bonds 80 deposited shall not
withdrawn, as provided by law, within thirt
DAYS after interest has ceased thereon, tn
banking association depositing the same sha
be subject to the liabilities and proceeding
on the part Of the Comptroller provided for
Sec. 524 of the Revised Statutes OF the Unite
States; and provided, further, that Sec. {
the act of June 20, 1874, entitled IAN act dxin
the amount of United States notes, providin
for a redistribution of the National Bank Gu
rency and for other purposes" be, and II
same is hereby, repealed, and Secs. 5,l59 an
5.l60 of the Revised Statutes of the Unite
: States be, and the same are hereby, re-e
| acted.
; SEC. 6. That this act shall be known as ''Tt
Funding Act of $751; and all acts and parts I
acts inconsistent with this act are hereby r
, pealed.
The Episcopalians of St. Lou
dubbed together lately. hired theat'
for a week, paid the manager the saia1
of the players, selecting. OF course.
moral play, and at the close turne
e over the profits to the local charity Il
e the sake of which this new departu
. was made.
-Anest of little gray mice with shir
life-like eyes of jet was lately SEE
!: upon q Quaker gray plush bonnet VOL
by a weli-known laty milliner in Pari
2 -Venuor has been offered positie
!. in the Weather Bureau at Washingto