Morning journal and courier., 1881-01-13
FORTY-SIXTH CONGRESS.
WASHINGTON. Jan.

WASHINGTON, Jan. 12.
 SENATE.-In the course of the morning
 business Mr. Hoar addressed an inquiry to MT. Edmunds as to the probability of the bill introduced by him for the distribution of the
 balance of the Geneva award. MT. Edmunds not being chairman of the Judiciary commit tee could only express his individual views,
 but stated that the committee had directed considerable attention to the bill and he be- Eeved would labor diligently to bring the
 bill before the Senate for it's action.
 MT. Logan called up his resolution extend
 ing the franking privilege to all official busi-
 ness sent through the mails by Senators and Representatives and delegates in Congress. The resolution was discussed until the close
 of the morning hour and went over.
 The bill for the relief of Ben Halliday be-
 ing the regular order it was formally laid
 aside and the Senate proceeded to consider
 the army appropriation bill. MT. Winslow
 briefly explained the act of the committee, after which the bill was read for amendments The entire session was spent in discussion of the phraseology of clause appropr iating $125.OOO for pay of 90 per cent. in settle ment of the amount due to land grant rail roads in full settlement of their claims, and
 without deciding the matter the Senate at 4:25 adjourned.
 HoUsE-As soon as the journal had been read MT. Buckner moved to dispense with the morning hour, his object being to pro- ceed with the consideration of the funding bill MT. Weaver, on behalf of the Green packers, resisted the motion. The morning hour was dispensed with after struggle. F. Wood then moved to go into Committee of the Whole on the funding bill and proposed
 to limit the debate on the pending amend ment in relation to the rate of interest to
 thirty minutes. This was also resisted by the opponents of the funding bill, who insisted upon quorum. The debate was limited and the House then went into Committee of the Whole with MT. Covert in the chair. The pending amendment was that offered by F. Wood to make the rate of interest per cent Mr. Wood said from information he | had received since the bill was last under | discussion his opinion was strengthened that | a per cent bond could be foated if Con- gress would repeal the tax on deposits. He l believed the question of option would be ab- i solutely immateria1, for the United States would hold the control of the bonds in it's l hands.
 l Mir Stevenson, of Illinois, was opposed to | any legislation which would take from the l Treasury the option to redeem the bonds at | it's pleasure.
 | Mr. Weaver, of Iowa, argued that it was | idle to say that 8 three per cent. bond could not be hoated. The bondholders had already | been paid more than the aggregate of the l present national debt. He wanted the low | est rate of interest possible, but he would | prefer to let the bonds remain as they are, subject to speedy liquidation. He was op- posed to g long time bond at per cent. as more expensive than to redeem the bonds at | the present rate.
 Mr. McMillan, of Tennessee, advocated his I amendment to take the bonds prescribed to l be assessed the same as other property. | MT. Oscar Turner opposed a long bond and the depriving the government of it's option, He thought there should be coupled with the
 bill provision for an income tax, as it was the only way of getting revenue from these bonds. He believed the proposition to fund the debt was in the interest of the national banks.
 Mir Randall said he rose again to advocate I with increased confdence the placing of the
 bonds at per cent wish au option to the government to redeem theAl at any time af 1 ter one or two years. He had statement prepared by Mr. Elliott, bf the Treasury de