Morning journal and courier., 1881-01-17
News by Telegraph FROM ALL QUARTERS. |IHE RBFUNDING BILL. Strong Opposition Develop
 ing in the House. UNCERTAINTY AS TO ITS FATE. The Republicans SoIidly Opposed to
 its Passage. THE FENIAN PLOT AT MANCHESTER. ParnelI Resolved Upon an
 Obstruction Policy.
 THE NATTONAT, CAPTTAT,-
THE FENIAN PLOT AT MANCHESTER.
THE NATIONAL CAPITAL.

THE NATIONAL CAPITAL. 1 The Funding BiIl-Only Another Day to Finish It-Oppositton to the Bill in the House-Democrats and Greenback.rs- The Appropriation for Commercial Inn provements-Other Matters.
 WASHINGTON, Jan. 16.-To-morrow being the third Monday in the month, notices to House of Representatives after the morning hour. Consequently the further considera- tion of the funding bill will have to be post poned until Tuesday, unless the members shall agree to waive the right to move toesus- pend the rules, which is not very likely It is not thought that it will take longer than one day more to dispose of the funding bill, for all the sections have been disposed of ex- cept the fifth, for which Mir. Carlisle offered his substitute on Saturday. This substitute is intended in part to take the place of the amendment offered by MT. Sanford and adopted few days ago It is held that if Mir. Sanford's proposition should be incor- porated in the law finally, it will almost drain the Treasury of coin. When the bill is re- ported to the House it is not at all unlikely that the action of the Committee of the Whole will be reversed in many particulars in fact, there are those who believe that the bill will be defeated entirely. There can be no vote by yeas'and nays in the House Con- mittee of the Whole, but the roll will most assuredly be called on the bill and all the amendments in the House. The Republicans will vote almost solidly against the bill, and voting with them will be found number of Democrats who do not believe that 8 three per cent bond can be foated. The Green packers will also all vote against the bill on the ground that no funding bill is necessary. They gave notice all through the debate that they would vote for the lowest rate and then vote against the whole thing, so, although the bill has been nearly completed, it still has 8 pretty hard road to travel before it can reach the Senate.
 The consideration of the funding bill in the Committee on the Whole was very nearly completed yesterday. There is very little doubt entertained that when the bill comes up again on Tuesday the Carlisle amendment requiring national banks to substitute per cent. bonds for the fives and sizes now held by them security for circulation, and com polling the government repositories to use the per cents. as security for deposits will be adopted Then an amendment abolshing the tax upon the national bank circulation, capital and deposits will be offered. The greater part of Tuesday will be occupied in Committee of the Whole. The changes which will be made in the bill in the House will be chiefly formal ones. It is now gene rally believed that the Senate will amend the House bill. Day by day the conviction grows stronger that if per cent. bonds are to be
 1oated the time in which it is to mature must be extended for 8 considerable longer period than ten years. If g short time bond is crre- ated it is believed that the rate of interest must be fixed at 31 per cent In the con troversy which is likely to ensue between the two Houses over the bill it is possible that there may be no funding legislation accom- plished. The Democrats are very earnest in favor of per cent. and the majority for that rate in the Committee of the Whole was so large that it will be difficult to secure the adoption of higher rate. In extending the time of the bonds there is great opportuni- ty for agreement between the two Houses.
 MT. Reagan, chairman of the House Con- mittee on Commerce stated to-day that the committee had finished about two-thirds of the river and harbor appropriation of the bill. The committee did not intend to ex- ceed $S, 1000, ,000 and the Mississippi improve ments and the appropriations therefor would have 8 material bearing upon the appropria- tions for other works.
 The special committee of the House upon the interoceanic canal held meeting yester- day to consider the bill which provides for the incorporation of the Maritime Canal com pany of Nicaragua. Mir. s. s. Phelps, repre- senting that company, appeared before the committee and made statement in support of the proposition. He questioned the accu- racy of the report made by MT. Nimmo, chief of the bureau of statistics of the Treas ury department, some months ago as to the tonnage that would probably pass through an interoceanic cana, ,and showed the errors made. by Mir. Nimmo in his calculations, and that the tonnage would at least be 3,500,00O tons. Assuming that 3,0OO,O 900 tons would pass through the canal annu ally, that traffic would produce with toll of $2.50 a ton, $7, 5O0, 900 8 year, or a net gain of $6, ,0O0, 900, equivalent to six per cent on $10O,0O0,O00. MT. Phelps was en- gagged in responding to members of the com mittee on various points of the bill when the hour of adjournment came and the committee adjourned until Monday. On motion of MT. Whitthorne it was agreed that ex-Secretaryof the Navy Thompson, of the representative of the Panama Canal company, should have 8 hearing Monday. Mir. Eads, accompanied by his counsel, MT. Cochran, was present during the meeting and will probably be heard also by the committee on Monday.
 Senators Wallace, Beck and Windom, the Senate subcommittee on the Indian appro- priation bill, yesterday completed its consid- eration and will report it to the full commit tee on Monday with number of amend ments. The only one of general interest is the substitution of a clause appropriating $10,000 to pay the expenses of the Board of Indian Commissioners, for the clause in the House bill which proposes to abolish this Board altogether.
 The Senate Committee on the Census yes terday agreed to recommend the passage of bill appropriating $50O,OOG additional for completing the work of the Census Bureau. They also, in accordance. with Superinten- dent Walkers recommendation, decided to report bill authorizing him to contract with private parties for printing the census re- ports, in order to hasten their publication. as the government printing office is already ove-burdened with other work
 THE OTn WORTn