Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1881-01-14

SENATE.

| WAsHIxsTox. January Il.
| Mr.. Eaton, from foreign Affairs. reported
adversely on sundry bills relative 10 the
japanese Indemnity fund. and favorably As
substitutes therefor two new bills.
Bills providing for damages to Indians on
Minnesota reservation: passed.
On motion of Mr.. Logan. resolution ex-
tending the franking privilege to Senators
and members was taken up, the question be-
ing to refer to committee on pcst-ofiice offices.
| Mr.. Wallace referred 10 the allusion 10
plant of abuse of the ranking privileges. and
denied the charges referred 10 committee on
post-of6ces.
The Senate resumed army bill
Senate was principally engaged in the dis
cussion of the army appropriation bill, but
adjourned without final action
Horse.
The following bills are reported from the
committee on elections: Minority report de-
claring neither J. C. Holmes or L. F. Sapp
legally elected from the Sth district of Iowa.
A similar minority report was made IN the
case of Wilson VS.. Carpenter. from the 9th
district of Iowa. and laid on the table.
BY Mr.. Steele, from the committee on
agriculture adverse to the Incorporation Of
the American Agricultural Society: tabled.
BY MIR. Johnston, from military. for relief
of Brigadier General and Brevet Brigadier
General and Brevet Major General Ord; re-
ferred to private calendar. tAuthorizes his
retirement with the rank and pay and emolu-
ment of Major GENERALLY
The House went into committee of the
whole on funding bill, pending amendment
authorizing issue of bonds, to an amount not
exceeding $3.50, 900, 900. which shall bear
interest al per cent. redeemable after -
years.
Mr.. Reed thought the most sensible thing
that could be done would be to agree to
thirty year per cent bond and take the tax
of the banks, but the only thing that could
be done was to agree to an option bond bear
ing 81 per cent. Figures, facts and argu-
ments urged by the gentleman from Pennsyl-
vania (RandalD were, in his opinion,
fallacious. He criticised the action Of the
Speaker in making this a party question.
The Speaker had declared that the democrat
c party had always been in favor of paving
the National debt. He would charge the
Speaker with having believed that except for
a moment, but because he and his party had
gone down in three pitched battles on that
very question. He had merely desired to
sound the party tocsin and bring the party
solidy to question of a ) per cent option
bond
Mr.. Randall stated that he had been some
what amused at the lecture of the gentleman
from Maine, which might better have come
from any other member, for that gentleman
had never gone very far beyond the lines of
the narrowest partisanship.
Mr.. Randall accepted an amendment
offered to his amendment by Mr.. Townshend
(of Ill. limiting the amount of bonds to
$500, 900, 900, and certificates to be issued at
$500, 5000, 900, whereupon Mr.. Mills offered
an amendment fixing the time for bond and
certificates at l and 10 years, which was also
accepted by Mr.. Randall.
Mr.. Clafiin {of Mass) moved to amend it
by making the bond and 10 years; agreed to.
Mr.. Randalfs amendment as amended was
then adopted-l2S to Weaver and Gillett.
The section of the bill now provides that
all laws authorizing refunding of the National
debt shall apply to any bonds bearing n
higher rate of interest than IL per cent. per
annum, which may hereafter become redeem
able provided that in lieu of bonds authorized
to be issued by act Of July IL, 1870, and the
certificates authorized by act of February 20,
1879, secretary of the treasury is authorized
to issue bonds in amount not exceeding
S40O, 900, 600, which shall bear interest at the
rate of 3 per cent. per aunum, redeemable at
the pleasure of the United States after
years, and payable in 10 years from date Of
issue, and also certificates in amount not ex-
ceedng $500, 000, O00 bearing interest at 3
per cent, redeemable at the pleasure of the
United States after year, and payable in 10
years from date of Issue.
The bonds and certificates shall be in all
other respects of like character and subject
to the same provisions as bonds authorized
by act of July, IA, 1870, refunding the debt and
acts amendatory thereto. Nothing in this act