The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1881-02-22
CONGRESSIONAL
SENATE.

VAN oA SOluulClSO ~ IuSICASC Ia
appropriation in the river and harbor bill for
the improvement of the Missouri river be-
tween its mouth and Yankton to 81, 1880
as recommended by the chief engineer; Ia
bled temporarily.
At his suggestion a number of amendments
to the river and harbor bill were referred.
The cattle disease bill, establishing a bu-
reau OF animal industry, was taken up.
WASHINGTON, Feb. 16.-A cemmunica-
ton was received from the autitor of railroad
accounts setting forth certain facts and fig
ures which secured the amendment
to the sinking fund act, so far as
relates to the amount required from the G.
+. Railroad Company, SO that the SO per
cent. earnings of that company may be ap-
piled to the payment of its debts to the gov
eminent instead of rs per cent, as now re-
quired by law. Secretary Schurz, in trans
uniting this communication from Auditor
French, said Il concur IN the views set
forth in his letter, and commend them to the
favorable consideration of Congress-" Re-
ferred.
said he would press the bill to a conclusion to-
morrow. Adjourned.
WASHINGTON, Feb. 1.-THE debate was
temporarily suspended and the conference re-
ports on the consular and diplomatic and ma
val appropriation bills were presented and
adopted.
Wallace. from the conference on the In
dial appropriation bill, reported an agree
ment on all the items except that relating to
retaining the Indian commission, and in re-
ply to Allison explained that the effect of the
adoption Of the report would not be to pass
the bill but to settle the differences between
the two houses.
Cockrell recalled the fact that Secretary
Sherman had objected to the silver bill be-
cause it would cripple his efforts to float 4
per cents.
A vote being called for Ferry moved to
amend the report fixing the 81 rate for long
bonds by inserting the words not exceeding,
thus applying asliding scale for treasury notes
to a long loan.
Bayard intimated his willingness to accept
the amendment on condition that it would
strengthen the 81 rate.
At this point, $50, an Intellectual effort was
made to adjourn.
Davis, OF illinois, insisted that it was a du-
ty the senate owed the country to pass a
funding bill OF some kind before adjourn
ment. He thought that the subject had been
talked to death, and that as every member
had made up his mind on it they should come
10 a vote.
Ferry advocated his amendment and Ali.
son opposed it.
The amendment was rejected; ayes, ~
noes, 45.
A vote was then taken on the amendment
of the committee fixing the rate of interest at
81 instead of 3 per cent, as fixed by the
house.
The amendment was rejected ayes, %
noes, 33.
The next amendment of the committee
making the bonds payable semi-annually, wa!
agreed to-.
The next amendment was to create a 500
instead of a BIO loan.
Mcpherson moved to amend so as to make
it $50: lost.
The pending amendment then prevailed
without objection.
The amendments substituting the term o
treasury notes for certificates, as applied tt
!, the short loan, inserting the words not eX
ceeding b-fore the amount three hundret
millions of such notes, aud providing for thei
issue in denominations of $40, or some mul
. tiple of THAT sum not exceeding $1,000. Agree,
to.
:, The next amendment was to fix the rate o
. interest at 81 instead of 3 per cent. Lost
, ayes, 81 noes, "a.
, The vote was identical with that upon tn
: interest for long bonds, except that Loga1
= did not respond. The amendments provid
ing that treasury notes shall be payable semi
r annually and those of a less denomination
than 500 shall be registered were agreed tt
without objection.
o The amendment increasing the expense O
preparing, advertising and placing the load t
: i per cent. was discussed.
An amendment was adopted allowing tn
secretary of the treasury to purchase and pa
off maturing bonds from the treasury funC
+ but not so as to permanently impair the IT
sumption fund.
The provisions of the house bill were sui
stantially retained so far as they related t
the provisions regarding the deposit of bono
as security by national banks.
a The next amendment of the committee bt
o ing two new sections relating to the paymen
+ of the loan in amounts to be determin ID b
O the secretary of the treasury, ETC., making til
bonds receivable for circulation and PROVE
j. ing thai only the interest bearing s%ecuritit
of the United States shall be receivable {
o collateral for government deposits. Agree
l. to.
IS This disposed Of the committees amen'
ments.
h Kirkwood submitted amendments as 70
e lows:
1t shall be the duty of the secretary of IL
IS treasury under such rules and regulations
e he may prescribe, to authorize public sui
h scriptions at not less than par to be receive
at all depositories of the United States and
all national banks for bonds and treasul
notes herein provided for, 80 days before |
shall contract for or award any portion
said bonds or notes to any syndicate OF il
n dividualS or bankers or otherwise than und'
"a such public subscription, and if it shall hal
pen that more than the entire amount OF sal
* bonds and notes, or of either of them, b;
been subscribed within the 80 day, he sha
award the full amount subscribed to all pei
sons who shall have made bona fide subscril
tions for a sum of - thousand dollars {
n less at the rates most advantageous to tt
United States. Agreed to.
n Bayard asked that the bill be taken up in
mediately after the morning hour and a vel
y be had at 2 O'Clock. Agreed to.
l. Adjourned.
y w LcIII>rcnaN Eab Is -RansAm mQpe