Weekly graphic. [volume] (Kirksville, Adair Co., Missouri) 1880-1949, 1881-01-14
SENATE.

SENATE.
WASHINGTON, Jan. 12.-Senator
Davis, of West Virginia, submitted a
resolution instructing the committee
on finance to inquire into the advisa-
bility of a change in the organization
of the treasury and other departments
SO as to divide accounts etc. for col
lecting receipts and safe keeping Of
revenues from disbursement accounts to
transfer from the treasury to the war
or navy department. Steamboat in
spection, life saving and other services
and to place under the state depart
ment matters connected with our do
mestic and foreign commerce. Ia
bled and ordered printed. Mr.. Logan
called up the joint resolution extend
ing the franking privilege to all the of.
fetal business sent through the mail
by senators, representatives and dele
gates in congress and in all other re-
spects to be under the limitation of ex-
isting laws.
Senator Logan explained the reso-
luton was designed to cover only let
tiers, ETC.. sent from the departments
through the hands Of congressman to
people at large.
He said that under the present law,
while department clerks could frank
official business, this privilege was de-
MED to members Of congress. a dis
cussion followed upon the expediency
OF restoring the franking system. in
WEIGH some of the abuses which caus-
ed its abolition were referred to. At
the expiration ofthe morning hour, on
the motion of Mr.. Withers the army
appropriation bill was taken up. Mr..
Withers stated that as compared with
the bill oflast year the present bill as
reported from the senate committee
showed a net increase ofapprop,iations
of $262,ooo. In the committee of the
whole amendments of the senate com.
mittee were agreed to.
WASHINGTON, Jan. 12.-On the mo-
ton of Buckner the morning hour was
dispensed with. 12S to "a.
F. Wood. of New York, moved that
when the House next went into Com
mittee Of the whole on the Funding
Bill, the debate on the pending a.
mendment should be limited to thirty
minutes. Agreed to, 14o to 4; Cof-
forth, Stevenson, Humphreys and
Weaver. The House then went into
Committee of the whole, Covert in the
chair. on the Funding Bill.
Mr.. F. Wood said that for himself
he saw nothing inconsistent IN the es-
tablshment of three per cent Of in
terest for bonds and the shortening of
the option indicated in the bill. He
would go further. He believed that
with removal ofthe tax on bank depos.
Its and the establishment Of a rate OF
3 per cent the question Of option was
absolutely immaterial, because bonds
and certificates would not be likely to
rise to any great premium and would
be at any time at nominal premium
He believed that a three per cent. rate
could be safely established, and was
confident of the speedy negotiation Of
every bond and certificate issued.
Mr.. Stevenson opposed the bill on
the ground it did no more nor less than
fix permanent national debt upon
the country.
Mr.. Weaver protested against the
refunding of five or SIX per cents into
any obligation that would take from
the Government the right of redemp-
ton for single day or hour.
Mr.. Mcmillan argued in favor Of an
which he proposed was
making the bonds subject to taxation.
Mir. Dunnell, member of the COM
nittee on Ways and Means, said he
lad no doubt that three per cent
bond would find a ready sale and he
advocated that rate of interest He