New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-09

man which had contributed go much to the credit OF the
decaratop that the debt shall be paid, according to
contract in lawful money. .o,oa ,v,,nout
Mr. WARNER said that II by 6xing per cent T. was
proposed 10 lengthen the tune Ae "ouu 'o'0 "s"N''
Mr. NEwBERRY Rep Mlchl offered an amendn ,1ans
striking out 40 much OF the bill authorizes the sSne
o. bonds and ana inserting the following me
ecreary OF the Treasury hereby al t6e
pleasure of the United staes after Ten years. anu pS
thirty year, after date o. Issue "a tho poasure Of
the United States aztec two years ana pAHhp.e a
years after date Of issue hh notes " sh" "a nrt Of
legal reserve an the interest on saiu no's ,
Mr. CLAFiIN inquired OF Mr.. Newoerry now many
bonds lie supposed would be taken NJ III Mlcnsah Nv
Mr. NEwBERRY replied that the Second National National
Bank of II 10 Of se he n ws on s efcna
ton and take the three per cent bonds and he thouknt
banks generally would take the three per cent D1
n Congress would relieve them from the taXalon oh
their circulation. which was nearly per cent Laugh
He mad gone TO the bank OF wnGn ne yo T S this
question aughterl, and it had said TO him. No,e ior
funding bill al per cent" without conui''oh do "
taxation
Mr.. HURD CAUSES MERRIMENT.
Mr. HURD (Dem, Ohio opposed any measure OF re-
funding which deprived the Government OF It's option 10
redeem the bonds at any time, unless be measure
should reduce the rate ofnterest on the BOND lie
believed that all debt would be paid in ten years lie
did not believe that the prosperity, about when
the gentleman from Georgia (Mr FELTON, nad spoken,
could long continue lie did not believe thst prosperhy
country could long continue without resumption
OF specie payments and he had no hesitation IN saying,
from all the lights which he had that specie resnupo
in this country delusion and snare IDerNVo
laughter the Republican side IL was based on raise
anu fraudulent silver dollars which were every DAY I'M
tIuthfully certified Applause on Republican side
1t was based legal-tender paper currency. in u
little While the prosperity o. the country %ouu asa san
such had been Ho WIS opposed to reiuu'
ing because it would then be necessary continue the
sinking fund, sinking fund h3Q ever Dcen SHOWN
TO he source OF corruption III the administration Oh
Mr.. BELFOED Gep. Cow expressed his opposition to
the Funding Dli as presenting scheme OF gross lll
position oil The people After making some Remarks on
the silver question he sad want to soy 10 my Re
publican friends Of the East that the time has come
when suge standard theory is TO 5o the policy OF
the Republican party in the Vest VIII revolt Against
their bLaucr. Applause the Democrat, siiel We
recOen,zr silver as the money of the C0nstuton-hc
winch hOnored aud respected III the States
before the Constitution was adopted Ii 1t Is night tG
Project uisi!Oa in PeBneyi1anld sugar III iVus. i,
and copper in Michigan 1t 10 right to protect thc "Vtr
products Of The West We will DOW neither 10 tho golden
meade image Of New York nor 70 the lonio"te l%sc
OF Pennsylvania ani II our rights are no. re Wceu We
Will march under the banner o. that parry whIrn accos
honest rccOntIOn" iAppidUse on the DcpOcTitc sWcI
AssAIIING MIR. NEwBGERr.
Mr.. CHALMERS dem, Miss) said that he would vote
the shortest bond possible ard then vote asst ne
whole bill.
Mr. GILLETTE ;Dein. Iowal ARMED against the policy
Of refund:ag. gentleman (reCrrlug TO Mr. NcWDerfj.
and 10 Is eternal shame and disgrace he it saiIad
stool uu and sad that he had INSTRUCTIONS from Ma
t!Onal bank, of which he diIcctOr. how 10 vote
Shame on "A Congress which received distractions
from II crcatlres-Shamc, eternal shane! u was no
What the people wante hut what the banks wanted mat
ruir,; Congress- rhe peOpe wanted Treasury note
which COuti circulate ~ money aud WIN WHICH every
nomd thai became due III ISL could be pad.
he Committee at o'clock rose for the iGr ose,
az stated by Fernando Wood, Of limiting tue deDI;c.
hat ! motion t. adjourn was intorieCtCd.
Mr.. WELLS (DeIl, MC) reported i:On the Committee
O Inddi. AH1lra the ludEm Appropriated h'l. which
approprlaCs 81 j2G 900. PRINTED amt leconIn,i,rd.
The Speaker lId before the House for Tie thfl time
the report OF the Pusastrrtienera IN reSdrl t. tue
abuse of the fraukmE privilege, bus was hot received
TAo Mnnse then. Mt $50. adiOnrned.