, 1881-02-17

TIE ) PER CENT SENATORS.
WAsH1SaToN, n. C., Feb. 16-Thero is good
t1eNl moro opposition in tho Senate to the
Finu,cc Com1n!ttce's amendment to tho Fund
ng blu. fixing tho rate of Interest Ut tho ucw
bonds ut J.i per cent, than has beon supposed
4 i1eterIuncd effort WILL be Matlc to ffx tho rato
ut per cent, and those advocatlnR it say It Will
bo cnrftel. II tho ~ per cont rate Is tuain.
tained, 1t will bo by a very close vote. The per
cent Srnators arc from the West anil South.
FROM 1.-THE nEconD."
~ the nt,t1rn Astoetas<d I'rsss.
WAsluNUTDS, p. C., Feb. l0,-Aftcc briefly
n9ds ,r. ns srsortea @ a. r seo"aia thoaaht 3 tie
leading dG.. IN r'funsllnr & and pnr centa, likn
he n k n the resh han, s9 III r. AZ tho
art!, 3 % rs i was ths ex expecatioa that $50 of
:is isiliinK duo IN iH!l uni outstanding " COM
oat M Funding III, would Gea 'lnullsy. aud that
Congress W'''ild not be eailed .;pnn to nas*:
IsDt. i1e iavorc,l tno 5 nor cent rItn of tho
tlottse. but cuGcurrcd with the senat9 Commit.
s o tho isnEta Of tne ax bend y nsa ,so ~
~ ~ 'tias'''p tho present taSon,blo cond|tioa::
Gese Se5e Witch M IL yeqs g two %Fhs
not l.od good. lio w,s certatnly II fnyor Of dts-
e. SanHs w ~ eo reure @ Sa nS t
posit thest' In preferunclt 10 others rs SECURITY
.Ss snpsa a IL s o. ts
slsjot. nj rs it pi.sscl tho Iiouss, wonlI work any
wrt,1lg, ha ha4 nut cxarnlnrd y sufficiently TO
banks III requiring tllel,i tn scrimlnate In fAycr
of tho bond which the ti"ynrntnnnt WIS propoa-
| Ing tu put uttnil tho inurktt ut lMr
THEY ought Tt AID THE 0UVElsNSfESr
| tn thur uxteut. he cnuti SEQ no coercion In 1t,
| hecallsu It wuX 0ptinnal with tho banks to III
CREASE thnir circulation or not. Rs they pleased.
| and tho cost to them OF a'as aud +HS woalu no
alr. i!ssefar4 doubted tho necessity Of refund
css @ rats. the shortrst timY ll tic pay mont of
tho wtIuu debt Us rapl1Iy IA 1t gnuld Go paid
WITHOUT be!x to- hcaxYH tT M SI s,9 n3s r. GS
hMnkers. upon Whtse aAVIoc the tlnlnco Com
'tes n !ssrt 20 Esr Ss1 whs s y i sGi en-
authuriznK tl.e issue OF silver certltcates was
| pe,llil,K, tho Secretary assured tho Committee
.set II ssaa drsS a De xs o
try. Experip1co had de.,uilstt1stsat tho very ~.
:f s If t. ~ 10 r%s TT t Mna
| EVERY ASSERTION or THE QuoSDAM FlhAN'
| CIElis
who opposed II. Tho pertinent fact r. this son.
eson MN thas the inef'4s w. o. xo!i aa s!yss a
OlN,0U. Thu objection now to- pes cent pond.
which ca1no froln thc sl'1o source, was that ~
| faIlura u,tght lu1uru our credit. Hut, fu9dtnx
lisrcfot.l donlcI that tho National orpdtt would
tskinx lho fIsk. as ii 60 doing there vas :
probability Ut !essentn1 tho burdens OF tho
Mr KirkwooJ suggested that tho sama
| elasticity as To rnto which was given tho
! Tscasury notes should be exteaned 10 the hot1ds,
and that, therefore. thB pl'ruso mot eacssdiax
| butli, Elu desired 10 huar from Tho Finance
Committee whether any good reason existed
why this should nut bo 'ionc.
Mr. UayArd replied thnt to leave the rate Mpo1
tho fuudct luan discretionary with an oflcia1
would hc 4ulcclsu. III our l!nancIsl policy.
| AftuF furthur Itl,ntc, paFticlpatel In by
Mcssers Allison. lSoolh, nlalr. fendleton. snd
VuoFhees. upon tho possible advantage 70 the
luyprnmont 1T allowing the Secretary Of ths
Treasury discretion ps tu liking The rato On .
short loan.
by Mr. Allison tlat tho proposed loan should bs
| rOrULAl: LOAN,
| saii that all pthef 1uaus, With one exception,
| hal Of 1871, bad been Yold to synd!cAtea ouloW
thniE par value, and that thona aJudtestae