The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1881-02-25

e for the the parp.lse OF facilitating the
OF pension claims and clear
ng up rs Soon as possible the vast &C
of unsettled cases, gave
Use la discussion.
Blair supported the amendment, but
argued that defects of the pension sys-
em required remedy, such as was con-
aIued in the measure he had prepared
IL a substitute for the 60 surgeons bill.
Pending debate, the senate took re-
ress.
HOUSE next was set apart to
remit III ber the late Fernando Wood.
4 resolution was introduced by Re
Turner. 10 appoint COM
missioner TO inquire into The injustice
,If the freight charges upon Interstate
and to propose a remedy. IL
provides for the appointment of y COM
mission, 10 consist of three members,
one to know something about railroads, |
and ali alleged abuses are tn be examin-
cd and Tebated 10 the next session of
congress.
Representative Wells moved that the |
house insist on its disagreements to the |
senate amendment to the Indian appro- |
priation bill. He said that the amend |
ments were those continuing in exist |
ence the Indian commission.
Representative Conger moved that the |
house concur in these amendments Re-
jected-yeas 1O5, nays 124.
Representative Wells motion was then
agreed to. and new conference commit
tee wells, Singleton, of Mississippi,
and Hubbell) were appointed.
Representative Hooker, under instruc-
tions from the committee on Indian at
fairs, moved to suspend the rules and
pass the bill to ascertain the amount due
the Choctaw nation of Indians by the
government. Agreed to-yeas TIA, nays
Representative Goode, under the di-
rection of the committee on education
and labor, moved to suspend the rules
and pass the senate bill to establish an
educational fund, TO apply portion of
the proceeds TO the sales of public lands
to public education and to provide for q
more complete endowment of colleges
for the advancement of agricultural and
industrial education, with al amend
ment in the nature of a substitute. The
substitute is the bill previously reported
from the committee on education and
labor, and Iecommitted.
The house refused to second the de-
mand-yeas, IS; nays, Sc.
The motion to adjourn over Washing
toms birthday was defeated.
The senate was invited to attend the
presentation of eulogies upon the life
and character of Fernando Wood
Adjourned.
The Funding Bill.
NEW YORK, Feb. 1S-The Posts fl
nancial editorial says: The vote IN the
United States senate in favor of per
cent. rs the rate of interest for refund
ing the bonds was a surprise to Wall
street, and although there is high bank
| ing authority for the belief that per
cent. bond can be sold, yet it is beyond
dispute that if the rate had been 81 per
cent. refunding operations under the
| bill would in no sense have been expert
mental. 1t may be that before the bill
! goes to the president the time for which
| the bonds run will be extended
and principal and interest be made
specifically payable in gold or in
silver at the option of the buyer of the
bonds. The bill, in its present shape
contains provisions instructing banks
which may well make it a question,
with those in New York at least, wheth-
er it would not be as we'll to 60 out of
the national system and organize under
state laws. In part confirmation of the
report yesterday, that the 81, 600, 900
raised by the chief organizer of the Ore.
gon Navigation company were TO be
used in obtaining control of the North
ern Pacific railroad, we have to-day the
authority of a leading banker for the
statement thai the chief promoter of the
Oregon Navigation company told him
that he had already secured majority
of the Northern Pacific stock.
NEW YORK, Feb. 19.-The Graphic
says that majority of the conservative
stock operators in the street look for g
much stronger and higher market mex
week, after the funding bill is under
stood. AS soon as the government &C
tually begins to buy $50, 000, 900 In bonds
and issue $500. 100000 in certificates, 9
further improvement may be looked for
because the operation to great exten
will prove a virtual expansion on 6
sound basis. There is a very large
"short" interest in the general stock mar
, ket.
The Commercial says that the furry
about the 3 per cent. funding bill, which
. some unWise banking people tried to ge
up this morning, has about passed over
There is not the slightest doubt but tina
the government could get all the money
. wanted to pay the bonds of 1881 at PEE
. cent. The whole $500, 100000 in on,
f year treasury notes could be subscribed
in the New York Stock Exchange mex
week if the notes were ready and sole
at face value. This, with the $500, 900 ,O0t
! cash balance in the treasury constantly
, increasing, would settle all bonds with
out dollar of refunding, and if We arr
not greatly deceived this will the policy
of the new administration. There will
J be no 500 bonds issued under the bill
New YORK, Feb. 22.-The Graphic
says that the action of few of the city
banks, which on Saturday decided t
withdraw their circulation because o
the tax and the low rate of interest OF
the new bonds, is the subject of cOnsid
| cradle discussion in stock exchange cir
, Giles, where the operation is much rid
iculed, and generally considered as ex
, tremely ill-adVised and hasty. 1t i:
e claimed that one of these institution
which has been largely benefited ant
favored in the past by government
: officials is short Of four per cents in tn
stock market, and it is therefor
making as much opposition to tn
three per cent bill as possible
and is also endeavoring to Undue,
other banks to oppose the measure ant
) withdraw their circulation. The con
, sentative bankers, however, believe tina
these banks will all ultimately conclud
, to re-deposite 3 per cents and take on
r circulation again within three months
! 1t is understood that there is to be al
amendment offered to the house bill
which will provide for an issue of green
backs to take the place of bank circula
, ton that may be withdrawn. If thi
sensible precaUtion is taken, it will in
stantly restore confidence and take per
manently away from the banks this fear
full power to Withdraw In one day al
, their bills from circulation. or what I!
worse, lock up an equal amount of gol(
and legal tenders, and leave the street Ut
terly without means of doing business
Such terrible power no set of mel
should for one instant possess.
lawyers Opinion of the Temperance Bill
; TOPEKA, Feb 19.-It seems as if thi
temperance talk will never end. Ever
third man has his views to offer on the
legality of the law, and his dreary plat
tudes must be listened to, or hi!
eternal displeasure is incurred. The
| course which will be pursued by
the so-called religious opposition ha:
been stated. In order to discover vha
means have been decided upon to meei
the wiles of the devil, who has this time
as on other notable occasions, assumed
the cowl and frock to work out his in
iquitous purposes, Mr.. a. B. Jetlnore was
interviewed this morning. Mr.. j. has
been retained by the Kansas Legal TEN
perance association as counsel, and con
sequently is conversant with their plan
of action; also being one of the recog
nIzed leaders of the Kansas bar, his opin
ion on the bill carries weight In re
spouse to the inquiry as to the enforce
ment of the law, Mr.. Jetmore said:
''That the law can and will be en-
forced. have no doubt, the machinery
for the purpose being ample The eff
fective execution of all laws depends on
the sentiment of the people The
amendment to the constitution received
feeling. The choice of delegates al
the fall elections, when this question
was brought directly In Issue, and when