The daily gazette. [volume] (Wilmington, Del.) 1874-1883, 1881-03-03
w aShinetOn.
THE FUNDING ELL AND A SUPPLE
NENIARY MEASURE PAssED-wHAT
Mr.. HAYES AAID ABOUT A VETO.

MEN1ARY MEASURE PAssED-wHAT
Mr.. HAYES AAID ABOUT VETO.
The House passed the Funding bill
this evening just as it came from the
Senate. 1t adopted directly afterward a
supplementary bill declaring that the
intention of the section in the Funding
bill authorizing the Secretary of the
Treasury to use 6fty millions of coin for
the redemption OF bonds is to be under
stood as meaning that he may continue
to use coin to the amount of fifty mill
ions as fast as other coin accumulates in
| the place of that previously used; also
declaring that the Carlisle clause, which
has been understood to mean that banks
going in 10 liquidation shall not redeem
their bonds except In their own notes,
does not really mean this, but is inten-
ded emily to prevent banks from playing
last and loose with their currency, and
that banks actually going into liquida.
tion are to be allowed 10 redeem their
bonds In lawful money as heretofore.
The bill was engrossed and signed by
the Speaker aud Vice President this
evening before the two houses adjourned,
and will 60 to the President tomorrow.
ltis understood that he will undoubtedly
veto it, and thai he will send in his veto
message to morrow.
Mr.. Hayes was present at reception
given by Mr.. ChIttsnden this evening 10
General Garfield, and there gave it TO be
plainly understood that.he..wouldIsend in
a veto. A republican member OF Con
grsss said to him.
81, for one consentsd d to the passage ei
the Funding bill on the belief that you
would veto 1t, and hope thai will moi
dlsappoiDt U.s."
To this the President is reported by
the Representative to have replisd:-
"You just expectations will not be DIS
appointed"
General Garfield was spoken to by
several Representatives on, the same sub
jset. To one replied, as reported thai
if the bill should become law it W would
be "calamitous," and to another he
stigmatixed it as "a calamitous measure
AMENDMENT TO THE SUEDRY oIvIK
BILL.
The tollo wing amendment 90 the Sun.
| dry Civil bill was, on motion of Mr.
Bayard, adopted by the Senate to-day:
That tho Secretary OF the Treasury
| may al any HDd Apply kn0 euTplu'
money in the Treasury not Otherwise ap'
propriated, or so much thereof as he
may consider proper, to the purchase
and redemptio on Of United States bonds;
provided that the bonds SO purchased
| or redeemed shall constitute no part OF
/ the sinking fnnd, but shall be cancelled
| The amendment was adopted without
| debate or objection, Mr.. Bayard casual
| ly remarkIng, IN reply to Mr. Logan and
| Mcdonald, that without this provision
the Secretary could not extend his our
chases beyond the requirements of the
| sinking fund and that it would apply 10
| any bonds the payment of which was op.
i tional with the government.
The aggregate deposits by the national
banks to date amount to S17, 7,719, 1893.
| The United States Treasurer authoriz
| es the statement that he has made nc
decision that lawful money deposits
| made for the retirement of national
bank circulation vill be surrendered
upon deposit of the bonds.
| In no case will such surrender of de-
posits be made after redemptions there
| ander have begun or the bonds been
| Withdrawn. Applications for the return
oil deposits will otherwise rest upon the
special circumstances in each case.