Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1881-01-20


private land claims under the Mexis
can grants, &c. to the United States
courts for their adjudication in prac-
tlcally the same manner heretofore
provided for in the Mexican land
claims in California.
The senate then adjourned.
WASHINGTON, Jan. 10.
After a short personal explanas
ton by Mr.. Price, of Iowa, the
funding bill came up as unfinished
business for further consideration.
The bill, as adopted in the commit
tee of the whole, authorizes the Secs
retary of the Treasury to issue $780,
OOO,OOO OF bonds, redeemable after
i've years, and payable ten years
from date of issue, bearing interest
at the rate Of 3 per cent. per annrm;
and, also, B per cent. certificates to
the amount of $3OO,OOO,OOO, in de-
nominations of $40, $40 and $50,
either registered or coupon, redeem.
able after one year, and payable in
ten years from date of issue.
Before any of these bonds o.
cerEncaIes are s1gned, It shall De tHe nc
duty OF the Secretary of the Treasury
to pay On bo"ds accruing during
1881, all standard 81 .er dollars
and all gold over and above $50,
100000, now held In the treasury
for redemption purposes. The in
terest upon 6 per cent bonds to be
refunded shall cease at the expira-
ton of thirty days alter office by
the Secretary of the Treasury Ex
pense of issuing and deposing of
bonds and certificates at par, is linz
tied to one-fourth of 1 per cent
From and after May first the 8
per cent. bonds shall be the only
ones receivable as security for ma
tional bank circulation. No bond on
which interest has ceased shall be
continued on DEF lit as ecur;ty for
circulation.
Mr.. Gillette, of Iowa, raised to q
point of order, and argued that in
asmuch as Mr.. Newberry, of Michi-
gan, had openly stated that he had
gone to the national bank of which
he was director, to inquire how he
should vote, he had no right to
vote on this question. He did not
make it point of order out of any
ill-will to the gentleman, but as a
matter of drty. If there had been
anything developed by the recent
debate,Iit had been the fact that this
bill was SO closely allied to the ma
tional bank system that it might
with propriety be called a national
bank bill. l
Mr.. Newberry said that he was
very glad the point of order had
been raised. The point involved
nearly every member, not only on
this vote but on every vote. Under
the rule of the House, if construed
as the gentleman from Iowa cons
strued it, no member who used
tobacco in any form could vote upon
the proposition to take the tax off
OF tobacco. He held that no rule of
! the House could deprive any mems
. ber of his vote. The foundation of
the right to vote lay with mans
own conscience and with no rule.
Mr.. Weaver, of Iowa, said that he
would broaden the point of order so
as to include every member who was
national stockholder. Mr.. Haskell,
of Kansas, suggested that all Green
back members should Sc be includ-
ed by thepoint of order, because they
were directly interested in kee,Gr g
up an agitation in regard to national
banks.
After some further argument the
Speaker overruled the point of order
on the ground that to deprive
member of his right to vote was an
act beyond his authority and that of
the House.
A question then required on
agreeing to the amendments repc It.
ed by the committee of the whole to
the funding bill. The first amend
mention which a separate vote was
demanded was that fixing the rate of
interest upon bonds at 3 per cent.
instead of 81. The amendment was
L. -ooa 1A0. ~,.-o 1nH