New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-02-27

THE BILL UNLESS MATERIALLY AMENDED-HoPEs
OF VETO.
lBY TELEGRAPH TO THE TRIDUEEI
WASHINGTON. Feb. 26.-The Committee of Ways
and Means agreed this morning to make an effort
to 90 to the Speakers table and take up the Fund
ing bill as soon as practicable. On motion OF Mr.
Mckinley the committee further agreed to the fol-
lowing amendment as an addition to the fifth Sec
ton Of the bill:
Proyided That nothing this act shall be construed
TO repeal IN any affect or modify Sections
5,22O, 5,222, 5.223 and 1924 Revised Statutes.
These are the sections which provide that bank
may go into voluntary liquidation and may secure
the return Of its bonds upon deposlting lawful
moneys the full amount of its outstanding circu-
aton. If this amendment should be rejected by
the House, its rejection would alone be sufficient
ground for the veto of the BILL if the measure
were otherwise unobjectionable. The committee
also authorized Mr. Conger his own responsibility
to offer an amendment to tho fifth section as
amended by the Senate. The Senate amendment
fixes July as the period at the expiration Of which
the deposit OF threo per cent bonds to secure bank
circulation shall be obligatory. Mr. Conger pro-
poses to extend this period to September l. and also
to strike out the following proyiso in the fifth sec
ton;
That Section Of tho act Of June 90, 1874 entitled
"An Act fixing the amount OF United States notes. pro-
vdlng for redistribution OF the National bank cur
rency, and for other purposes, De ana inc same ID
hereby repealed.
Great opposition was manifested by the Demo-
cratic members of the committee to this amendment
Mr.. Conger, however insisted that no should oe OIL
lowed 10 propose it before the previous question
should be demanded in the House, and he declared
that unless this was granted he would endeavor TO
prevent any further consideration Of the Funding
hill at this session. This declaration brought the
Democrats to terms.
IfMr. CopRer's amendment should be adopted by
the House. one of T. emost mischieyous ana oDJec-
tonabe features of the bill would be removed; Do
| cause banks would not then be compelled lmme-
diately 10 retire their circulation or otherwise 70
be dsposscssed of the control of their own property
IL is regarded as probable, however. that Mr Con-
gers amendment will be rejected by the House. even
II it not ruled out by the Speaker on question ol
order as some members expect.
Another member of the committee Mr. Mis- Oh
| Texas. was also authorized to propose an amend
ment on his own responsibility, 1t being understood
tina, no other member of the committee should DO
houud IN advocate or vote for II. Mr. Mile was not
ready 20 formulate the am endment which he desires
TO offer and its scope therefore not known when
the committee adjourned. The impression was that
| IL would turn out TO be nm impracticabe AFFAIR."
| because it's author is an implacable enemy OF Ma
tiopal banks, and has some extremely visionary
| ideas on currency and financial subjects.
| When the committee first met this morning tho
| Democratic members were disposed to recedc from
tbe agreement reached last Thursday and to de-
mand that the only motion to be made by tho coui-
m,,ee in the House should be ono TO concur IN the
| sspatc amendments. This disposition was at once
assailed by Mr.. Frye. who plainly declared that 1t
vonld be violation OF good faith on the part OF the
| Democrats He said that tho amendments agreed
nr were offered in good faith in order to improve
| ,ba mcosure and that they had been fairly adopted
| h, the committee He Informed the Democratic mem
| hers that unless the amendments were 10 DO pro-
| posed as committee amendments, the hepuoiIcahS
voud see to it that the Funding bill should not pass
fine House this session. This declaration caused
| A. Tucker Mr.. Carlisle and Mr.. Gibson to consent
| tbat the amendments should be offered in the House
| ~ committee amendments, and the Democrats
named promised to vote for them and III gooa faith
| to support Them w., -
ponrosent,tives il is very difficult to predict. The
sentiment against its passage has vlsiDly galheu
s,renpth since Yesterday among the Republican
r,opbcrs of that body and strong disposition Is
o,y manifested to prevent further action unless the
st esctinn OF the bill shall be stricken out AUTO
thar II has been intimated to leading kepuDIi-
o., -,on,hers of the House by influential Senators
,hot il the bill can be sent back to the oeha'o "i."
oven one amendment the measure VIII Oe k'iiou III
that body for this session at east; but hepuplcau
representatives say that they have truslcu te "en
80 orce To improve this BILL aud that IL they can
rreyent il they do not propose again TO DO tno VIC
tins of such misplaced confidence
| There are forty or fifty RepuDhcan inen'oeis VI
the House who now feel that they cannot JasvnS
themselves to their constituents II they en" i" "
,ao avery means possible to defeat the bill unless
| a1nn
49,, that the present financial situation produced oy
90, T ,,,oro nrosnect of the passage of this measure
and the still greater dangers Which impeno ~ WV
ort of its success arc sufficient to JUSTLY them III
| ,, overy means in their power to deteat IT, iho'e
na ntber membsrs who equally desire the deIea' D,
tho measure but who are ayerse to anS i,1o. W
40 6iIatorv tactics for that purpose veiS
little pressure, however would De requ'rou " W.
them TO do so. Probably no member ol 'no "ay
III Means Committee would feel justined III resor.
. s.c m dilatory measures unless speaker han,"'
, "hor,d rule ont Mr. Conger's amendment IN tn''
vent Mr. Conger would undoubtedly iee, 'u9,'no'
IN doing so There are many members VI v"o :,
who believe that II direct vote upon .uo ", IT.,
had now It would certainly be delea'eu' A"a
! nrobably tIue but no such proceeu'ns osn W ~
Pno", ,v vav on.n therefore, for the defeat OF tn
Inv n0 ~, the Uouse ia to prevent action upon tn
. 1a,dmants IN H. This can be done II forty mem
Ssrs stand together in oppostOn and in the opln,O
~ well-informed members of the House 'nof'i'
|. fair probability that such will be the case s..
AS to the probable fate of the bill IN tne 'ena..
Il shall again be referred to that Oooy, Up'n'Uo d.
difOr prominent Senator sent for loao'ns ,, nt
unblican member Of the House to-day. ana saia ~
him: "You Republicans in the house %a'S WsSa,m ~
a concur In the Senate amendments 20 tne ru"u'n
!. hill. Get in one amendment IL no moie, :. sI
send the bill back to u.s. unless you eau A.,
:, the House. The Senate VIII take anoh,s Ia.o fos
!, mt 90 10 the President uI,.ess itS OpIoo"oH"NO ~