Morning journal and courier., 1881-02-18
FORTY-SIXTH CONGRESS.
WASHINGTON, Feb. 1;


 sENATE.-After speedily disposing of the
 routine business the Senate resumed discus sion of the funding bill, with the generally understood purpose of disposing of it today | even if night session is necessary Mr. Platt, of Connecticut, spoke in favor of the B rate and the other features recommended by the Senate committee.
 Mir. Pugh, of Alabama, favored per cent. and MT. Voorhees,, of Indiana, eulogized the greenback and advocated provision to pro- tect 1t from destruction in the operation of 1 the bill.
 MT. Logan advocated B per cent. and op-
 posed the proposition to leave it at the dis cretlon of the Secretary of the Treasury to l fix a rate not exceeding 34 per cent. Mir. Wallace, from the committee of con- ference on the Indian appropriation bill, re- ported that they had agreed on all points of difference except the item in relation to the Indian commissioners and the report was adopted. A new conference was agreed to in relation to the remaining disagreements MT. Eaton submitted the report of the con- ference committee on the consular and diplo-
 matic bill, and MT. Windom the report of the committee on the naval appropriation bill. Both were agreed to.
 MT: Brown advocated per cent. bond. claiming that if the loan failed there would be g loss of SIP O0o, 900, while the difference between and 39 per cent. would, if the bonds run ten years, amount to $35, 1000, 900. MT. Call believed the high credit of the ! country would secure the taking of bonds at per cent.
 MT. Salisbury confessed himself as not free ! from doubt, but believed that loan of 3 per cent could be hoated
 After some desultory debate a vote was taken on Mir. Ferrys amendment that the rate | of interest should not exceed B per cent. ! The amendment was defeated by 45 nays to 12 yeas The committees amendment making nf oov1f fo1 yeas 22, nays 34. Mir. McPherson moved an amendment increasing the time of maturity to
 thirty years; rejected yeas IA, nays 43 An amendment fixing the rate os interest on cer- t1fcates or treasury notes at not exceeding 3 per cent. was rejected
 After short discussion an amendment in- | creasing the allowance for disposing of bonds 1 from to per cent. was adopted; yeas 30, nays 20. There was protracted debate over | the committee's amendment making the use of $50, 1000, 900 from the Treasury temporary | and to be replaced by bonds authorized by this act. The amendment was finally agreed to, yeas 26, nays 19. Section 5, in relation to
 the deposits as security by national banks, was stricken out by the Finance committee, but the Senate restored it by vote of 2i to 19. Additional amendments recommended by the Finance committee regulating the col lection of outstanding bonds and making those bonds receivable as security for nation al bank circulation, and providing that here aftef only bonds ana other interest bearing securities of the United States shall be re- | ceived as security under section 553 of the
 revised statutes, were adopted.
 MT. Kirkwood's amendment offered yester- | day, requiring the Secretary of the Treasury l to advertise for popular subscriptions at all Repositories in the United States and all na
 tional banks, and if more than the whole ! loan be subscribed then those subscribing | g, 900 or less shall receive the full amounts
 subscribed for and the remainder shall be | distributed rateably among the others, was adopted.
 Mir. Macdonald offered an amendment in- serting the words ssnot exceeding the rate of'' as applied to Treasury notes, which was l adopted, yeas p, nays 19.
 l section to the effect that these bonds shall be culation issued July, 1881. Pending vote
 on this amendment the Senate at 11:2o D. m. adjourned, with the understanding that the bill shall come up immediately after the routine business of tomorrow morning
 HoUsE.-When to-day's session began Mir. Robeson, of New Jersey, moved to commit l the river and harbor bill, which had been
 under consideration until 2:15 this morning to the Committee on the Judiciary, with in
 structions to report it back with an amend
 ment confining the expenditures appropri- ated to rivers, harbors and streams within
 the maritime and admiralty jurisdiction of the United States The motion was defeat ed yeas, 65, nays, 152. The bill was then passed !; yeas, I62, nays 85
 Mir. Cox, of New York, moved to proceed