The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-01-20

the Treasury. The expense OF Issuing md
disposIng OF the bonds and certificates Mt
par IA limited to one fourth OF per cent.
From and after May LIST per cent. bends
shall be the only ones receivable as security
for national bank circulation, and no bond on
which interest has ceased shall be continued
on deposit rs security for circulation.
Mr.. Gillette, of Iowa, rose to a point OF
order, and Yrgued that inasmuch a. Mr..
| New berry. OF Michigan, bad openly stated
that he had gone to the national bank OF
which he was a director 10 inquire how he
should vote, be bad no right 10 vote on this
question. He did not make the point OF
order out OF any ll.will 10 the gentleman,
but a. matter OF duty. II there had been
ANYTHING developed by the recent debate, IL
bad been the fact that this hill was so closely
allied 10 the national-baDk system that II
might with propriety be called NATIONAL
bank bill.
kIr. Newbury said that he was very glad
that point OF order bad been raised. The
point involved nearly every member not
only on this vote, but on every vote under
the rule Of the House. II construed as the
gentleman from Iowa construed it no mem.
Der who used tobacco In any form could
vote upon the proposition to take the tax
off tobacco. He held that no rule OF the
House could deprive any member OF bis
vote; the foundation Of mans right to
vote lay with a mans own conscience and
with no rule.
Mr.. Weaver, OF Iowa, said that he would |
broaden the point OF order so AZ TO include |
every member who was a national-bank
stockbolder.
Mr.. Hooker, OF Kansas, suggested that all
Greenbacker members should also be in
cluded in the point OF order, because they
were directly interested in keeping up the
agitation in regard 10 national banks.
After some further argument the Speaker |
overrued the point OF order on the ground
that to deprive a member o! bis right to
vote was an act beyond both his authority
and that of the House. The question then
required on agreeing 10 the amendments
reported BY the Committee OF the Whole TO
the funding bill.
The first amendment on which a separate
vote was demanded was that fixing the rate
OF interest upon bonds at per cent. in
stead OF "a. The amendment was agreed
to-ayes. 149; noes. l04.
The amendment making bonds 10 bonds
was adopted without division, As were also
the amendments fixing the rate OF interest
on certificates at 3 per cent. and making
them 10 certificates. A separate vote was
taken on the amendment providing that be-
fore any OF the bonds or certificates author
lied by this act are issued the Secretary OF
the Treasury shalt pay on BONDS accrulng
during the year 1881 all silver dollars and
all gold over $50, 900, 600 now in the Trea-
sury for redemption purposes. The yeas
and NAYS were ordered. and the amendment
was tejCcted-yeas, III: nays, 140-and 1t
was stricken from The bill.
The next amendment on which separate
vote was demanded was that the expenses
of preparing. issuing, and advertising OF
the bonds and certificates shall not exceed a
quarter OF per cent. IL was agreed to
yeas, l5l; nays. 1913.
The next vote was taken upon Mr.. Car
isles substitute to the 9Th section. which
provides that af'er the 1st If Nav 1881. the
3 per cent bonds shall be the only bonds re-
ceivable as security for natlona-bank circu-
lation, or IL security for The safe-keeping Of
public money. Ii repeals section OF the
act of June 90, 1874, and reenacts sections
5lj9 and jlG0 OF The Revised Statutes. 1t
was agreed to--yeas, 1877; nays, 1l9.
The question then required on the final
passage of the bill, and ii was passed-yeas,
13j; nays, 20.
az,