Morning journal and courier., 1881-02-05

House funding bill and authorized their chair- man to report it back to the Senate with 8 recommendation for passage with amend ments which provide that the bonds shall be redeemable in five years and payable In twen- ty years; that the rate of interest upon them shall be 34 per centum per annum that the one-ten certificates authorized by the bill shall bear interest at rate not exceeding 8 per cent per annum; and that the interest in each case shall be payable semi annually. The committee strike out the fifth section (known as the Carlisle amendment) which provided for the compulsory use of the new bonds as se- curity for national bank circulation and for change in the law concerning the retirement of circulating notes, and substitute in lieu thereof two new sections, the principal fea- ture of which is 8 provision that hereafter the security given by national banks for gov ernment deposits and the faithful perfor- nance of their duties as public Repositories shall consist wholly of United States bonds. The committee also recommend that the all lowance for expenses of issuing and placing the new bonds and certificates be increased to one-half of one per centum instead of one-quarter as limited by the House of Rep resentatives.
 There is some talk among Democratic Sen ators of voting for the passage of the bill to place General Grant on the retired list of the army, provided an amendment will be agreed to prohibiting General Grant from ever being called into active service as General. It is doubtful if the Republicans would accept such an amendment
 The chief topic of Cabinet gossip is wheth- CT New York will be given the Treasury de- pertinent by General Garfield or not. The air is full of rumors to the effect that the President-elect has finally decided to choose Secretary Sherman's successor from one of the eastern States. It can be positively stated that this report is not true. General Garfield has not yet decided whom he shall choose to preside over the Treasury depart ment. It may be an eastern or western man, but whether he will come from New York. Indiana or Colorado is not yet known. a solitary Cabinet officer has been .se. with the exception of Blaine. N setseo assured, as some persons take elenef IS II that New York will be ,H Tor granted office department if the .zgiseh the Post where. Sareesufy goes efse mittee on V 4 to-day ef the House Com. Carlisle ,eys ahd Means, Representativ, rever 1Eoia the sub-comihittee on interna
 x. oa matches, bank deposits includin, savings baaks), bank checks, patent medi cines, perfumery, etc. The conmitte' adopted the report and authorized him t, prepare bill embodying the recommends tions of the report, and report it to the com mittee. The committee refused to abolisl the tax on bank capital.
 
 ed here this evening to appear before tn, | Senate Judiciary committee in relation to hi nomination to the Alabama circuit in place O Justice Woods. Mir. Billings will appear be fore the committee at it's next meeting ant reply to the charges which have been mad against him. There is & decided impression that his nomination will be rejected
 There is 8 wide divergence of opinion a to whether the House will concur in the Sen ate Finance committees amendment to tn, refunding bill. MT. Carlisle, who was tn author of the fourth and fifth sections of tn House bill, and who contributed largel to the passage of the measure, say the House will not agree to tn I Senate amendments. He believes tn House will consent that the time for tn bonds to run shall be extended to twent years but he thinks it will not agree to rais 4 the rate of interest to 3 per cent. In hi opinion the House will refuse to concur il ! the abolition of the fifth section, which com I pels national banks to accept bonds as secu1 l 1ty for circulation and deposits. All tn ! Greenbackers and 6 number of Democrat will oppose the removal of this section Messrs. Carlisle, Tucker and Frye will prob ! ably be the House conferees on the measure Speaker Randall is still strongly in favor o the three per cent. feature of the bill.