The weekly miner. [volume] (Butte, Mont.) 1878-1881, 1881-01-18
CONGRESSIONAL
SENATE.

WASHINGTON. Jan. 12.-Davis submitted
a resolution inStructing the committee on
finances to inquire into the ACCESSIBILITY OF a
change ia the organization OF the treasury
| and other departments and make a general
transfer of authority and custody. Ordered
printed.
Logan called up the joint resolution regard
ing the extending of the frankiDg privilege.
He said that under the present law while de-
partme clerks could frank official business
this privilege was denied to members Of con-
gress. .
A discussion followed on the expediency Of
restoring the ranking system in which some
of the abuses which caused its abolition were
referred to-
At the expiration of the morning hour on
melton of Withers the army appropriation
bill was taken up.
Withers stated that as, compared with the
bill of last year the present bill reported from
the senate committee showed q net increase OF
S2G2, OOO, in committee of the whole the SEN
ate committees amendments were agreed TO.
The time for debate having expired tie
question REQUIRED OH the Woods amendment
fixing the rate of intereSt on bonds and certlt-
icates at 3 per cent.
Newberry demanded a division OF the ques-
ton and a vote was first tskon on fixing the
rate on bonds at 3 per cent. Agreed to yeas,
l31 nays, 81.
The great body of the democrats voted i'll
the affirmative and a majority of the republi-
cans in thr negative.
The secead branch of the Woods amend,
ment, which fixes the rate on notes at ) per
cent, was also agreed to, without a division
Of the question.
HOUSE,.
WASHINGTON, Jan. 12.-Woods saw moth
ing inconsistent in the = per cent. bonds and
the shortening of the option indicated i'll the
bill. With the removal of the tax on Gepos'
its i'm banks and the establishment of a ) pc
cent. rate the option YVES lumaterial because
the bonds would not be likely TO rise to any
great premium and the government could any
time get them at par or a nominal premium
He was confident of the speedy negotiation O
every bond issued.
Stevenson opposed the bill because it ti1et
a permanent national debt on the country.
Weaver protested against it on the same
grounds. ,
Mcmillan said be would offer an amend
ment making bonds taxable.
Dsnnell advocated } per cent bonds re
deemable within ten or twenty years.
Turner opposed the refunding theory, bu
favored an income tax on capitalists 10 extlh
guish bonds
The debate was extended one hour.
Sanford, Gala offered all amendment pro
yidipg that before any bonds or notes author
lied by this act are issued it stal be the dut!
of the secretary Of the treasury to pay out TO
bonds accruing during the year 1888 all stand
ard silver dsllars and all gold over $5O,0OO,
QUO now in the treasury for redemption pnr
poses. w
mittee bin, aided the adoption of thisa amend
ment by aoslaining from voting and 1t va
agreed to by a vote of So against %.
Wood gave notice that he will demand tn
yea and nay vote on this amendment III I'LL
t house.
Mcmillan then offered All amendment pre-
viainp for fine taxation of the bonds and, al
though at first there was Il disposition on til
, republican side TO refrain from voting an
!, even to vote in its favor, 1t was hhally oeTea'
= ed. Ayes, 81; days, 80.
NEW York, Jan. 12.-An evening pape
- e a., ,,,fr,, IF the talaCraDl cOInpau