The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-01-19
for the tftb section of the bill, was agreed

series Of measures which were going u
make 1t impossible Tor NatioAal banks t
continue business in this country. The
amendment was rejected by a vote oil 77tt
Mr.. Hatch offered an amendment civ
ing to State banks the right to issue cir
culating notes on the deposit oi 8 per cent
bonds in the same manner as NationR
banks, II Congress allowed State banks
the same privilege In placing their fund;
In 8 per cent bonds the loan would be
popularizsd. 1t would not he forced
loan, but would become popular loan.
Mr., Carlisle, In opposing the amend
ment, called Mr., Ha'ch's attention to the
fact that under the existing law any State
or private bank could organize itself as q
national hank. He trusted that his sub
stitute would not be amended, 1t had
been said that 1t was In the power oi
the national banks TO reduce their CirCu
lation 10 the extent OF $500 900 600 and by
that means contract the currency To that
extent, II his substitute stood, this re
duCtiOn must be gradual and slow.
Mr. HstCh's amendment was rejected,
ayes, 81 noes, 81; Republicans not voting,
Mr. Ward offered an amendment re.
pealing the laws imposing a tax on capital
and deposits OF banks, on circulation OF
national banks and upon bank checks,
Ruled out on point oil order.
Mr.. Price offered an amendment provid.
ing that any national bank depositing
bonds provided lor by this bill as q security
for circulation shall be exempt from all
tax on capital on deposits and circulation.
Ruled out on point Of order.
Mr., Randall asked and obtained leave
to have printed In the record some re-.
marks on an amendment offered some
days ago relative TO the payment OF double
interest II had been asserted II would
reantin q loss to the government oi 81 600,
600, but he Contended 1t would result 10
saving General leave to print was
granted TO all members.
Amendments Nere further offered by
Messrs. Calkins, Prescott and Haskell
which were all voted down without de.
bate.
Mr.. Chalmers offered new section to
the amendment providing for the gradual
retirement OF National bank notes and the
substitution In their place Of non.legal
tender treasury notes,
Mr.. Morrison said he would vote for the
pending bill with no expectation or desire
that 1t should become law. He held that
II was wholly lmpraCtiCable Bs q funding
measure, but recognized the necessity OF
passing some law on the subject, and he
would vote for II In the hope that It would
be hettered at the other end Of th capitol.
Messrs. Weaver and o. Turner moved
to amend by making treasury notes legal
tenders. Rejected.
MIR. Clymer's amendment was rejected
The reading Of the bill was then com.
pleted, the date In the last section, 1880,
being changed 10 1881.
Mr. Bland offered substitute 10 the
whole bill, authorizing the Secretary Of
the Treasury TO reserve for resumption
purposes coini In the treasury equal 10 20
per cent Of all legal tender noteB out.
standing, and sufficient sum Of coin to
redeem the silver certificates and 10 apply
the residue to the redemption ol the pub.
lic debt.
The Republicans at first showed dispo.
sItion to refrain from voting, but finally
other Counsels prevailed, and they voted
against the substitute, which was rejected
ny NDtt ol 40 10 luO,
Mr.. Gillette then offered his substitute
providing for the redemption Of United
States bonds by the issue OF three hun.
dred and forty millions oil dollars In Treas.
ury notes, and by tie imposition oi an In.
come tax, the revenue from which shall
be used In redeeming the bonds. Ruled
out Of order.
Mr.. Gillette then modified bis amend.
ment 30 as to escape the point OF order,
and In arguing In favor Of itRaid that the
gentleman from Missouri [Phllips1 had
taken advantage OF the privilege accorded
him to print some remarks In the Record
to abuse him Gillettel 10 question his
motives and tO abuse his party.
The gentleman might be excused for being
somewhat nervous about the growth OF
the Greenback party In his State, but
when man asked the privilege to print
remarks, to use that privilege TO abuse
another man, was beneath the dignity and
character Of = gentleman. The gentle.
man Phillips even went 80 far as to re-.
fleet on his successor In the next Congress.
Mr.. Phillips replied that he was not
aware that anything he had submitted had
been supplementary, or that he had VIC.
lated the privilege awarded to him, and
when the gentleman frotn Iowa accused
him oil doing An his remarks were entirely
gratuitous. He [Philips1 had simply
entered into the discussion Of the non /.
Aense embraced Ia The gentleman's bill
lie denied having been defeated by q
GreenbaCker. lie had been beaten by a
Republican 10 disguise. Laughter /
His opponent had been q subtle agent
in the hands Of the Republican party to
beat the Democratic party when 1t could
not be done In an open and fair 6ght. The
Greenback party had been performing the
same office IN Missouri, which the gentle.
man [Glliette and some Of his associates
were performing here as adluncts and
allies Of the Republican party.
Mr.. Gillett's amendment was then re.
jeCted 8 against 100.
Mr.. Updegra[T moved 10 amend the title
OF The bill 30 as to read as follows: IA bill
10 defeat retnnding, to increase the amount
Of interest on the public debt, IN contract
the CURRENCY, to ininte the public credit
and 10 depfess the business and Industries
nf the country" Rejected, yeas 80, nays
III
The committee then rose and reported
the bill / /, tho House, when Nj. F. Wood
demanded the previous question, which
WAS tecondsd, and the main question or.
deted on the bill and amendments,
Pending further action the House ad'
joqrued.
Monroe Doctriss and DsI.esstp'a DItch..
wA.HlSoroS, January Is The House
Committee on Foreign Airsits having be
fore II for consideration MI CApo's reso.
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