New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-20
T THE NATIONAL CAPITAL.
LEGIsLATTNG FOR TIE NATION.

PASSAGE on THE REPUNDING Bill IN THE HOUSE
IN ORDER TO HAVE IT AMENDED IN THE SENATE
EFFECTS OF THE BILL IL IT SHOULD BECOME
AIAw.
The Refunding bill, as published in TIE
TRIBUNE, with the exception of the Sanford
proViso' passed the House of Representatives
yesterday and goes to the Senate. 1t was ap-
parently desire to send the bill where it
could be made to assume a practicable form
that influenced all the Republic ans, except
one, who voted in it's favor and some
OF the Democrats. The effect of the bill, If it
should become q law in its present shape, is
pointed out by the Controller of the Currency
In conversation with q TRIBUNE cOrre-
spondent. Speaker Randall explains what he
intended to accomplish by his amendment.
AN IAPRACTICABLE REFUNDING BILL.
DEMOCRATIC CONFESSION OF NcAPAcITY -THE
FUNDING BILL SENT TO THE SENATE For
AAENDMENT-wHY REPUBLICANS SUPPORTED 1T.
iBx TELEGRAPH TO THE TRBUSRI
WAsHRdToN, Jan. 19.-Whst Speaker Randall
and Mr.. Fernando Wood call "a bill to facilitate the
Refunding Of the National debt was passed by the
House to-day by vote Of 1874 yeas to 126 nays.
Ten Republicans voted for the bill, and the same
number of Democrats voted against 1t. The Re-
publicans who voted for the bill are quite as much
opposed to it as are the Republicans who voted in
the negative.
Itas due them that their Ysotives should be cor
rcctly understood. All Of the Republicans, except
perhaps Judge Kelley, honestly desire that practi-
cable PefundinR law whal be enacted They have
worked Eealously to secure the passage OF q prac-
ticabe bill in the House. but have been OutvOted at
every point. They believe that the bill which
tn -Iout Ia
them are convinced that it was intended 80 TO be
but there was absolutely no prospect that the House
could be prevailed upon to pass better bill as an
original measure.
The Senate cannot originate o refunding bill, but
1T can amend one sent to il by the House. After full
conference between leading Republican Representa-
tves and Senator'S and upon the advice of Secretary
Sherman, the Republican members of the House
decided that they would give the bill enough votes
to carry it through. the understanding that the
Senate would amend it. This arrangement was per-
feety we'll known to Mr.. Wood and MIR. Carlisle
who with Mr. Randall had control of the bill in the
House, and who we're extremely anxious that tho
arrangement should he effected. The Republicans
did not arrive at decision until this morning, and
1t with very great reluctance that any Of them,
except perhaps Mr. Kelley consented to vote for the
bill. This true explanation Of the manner in which
the bill was finally allowed to pass the House shows
that the leaders of the Democratic majority in that
body have confessed that that majority incapable
of dealing with the subject of refunding.
This confession was hardly needed in view of the
vote upon Mr. Samfords provlso, which had been
adopted by the Committee of the Whole. The effect
of that proviso If adopted, has been euCidated and
explained until even the dullest Democratic Con-
gresham must underestimate. 1t would haye driven
the Treasury to suspend specie payments IN short
order and would have been in effect Hat rcpudia
ton of the coin obligations Of the Government. IL
was not Thought possible that the prOyiso would
receive. more than dozen votes when it came up in
such form that members would be compelled to
have their votes recOrded but the repudiators and
fiat money men rallied in astonishing numbers. A
call of tho roll recorded Ill members in favor Of
the proposition. OF these 90 were Democrats, IL
were Greenbackers and was q Republican. This
solitary Republican, who could not have felt par
ticularly proud Of tho company he was in was Mr..
BelfOrd, of Colorado 1t Is to be hoped that this
occasion he did not represent the views of the people
of that State OF tho 90 Democratic repudiators
ard fat money men who voted TOR the proyso, rs
are from Soul hern States and "a from Northern
States. Only 80 Democrats voted against tho propO-
stion That is to say threefOurths OF all the Demo
Gratis present voted in the Affirmative. OF those
voting in the negative IL come from Northern
States and 18 from Southern States. All the Re-
publicans present and voting except Mr.. Belford,
voted against the dishonest scheme They num-
bored 100. Among the Democrats who voted for
the provIso were Mes5rs Cox and
Muller, OF NeY-York General Chalmers, Mr.
Springer, Mr.. Blackburn, Mr.. Atkins, Mr..
Pnclpe. OF Connecticut, who Is member Of the
Ways and Means Committee Mr.. FELTON,, of Georgia.
aud Mr.. Mills of Texas, who are members OF tho
same Committee Mr.. CoflrOth. Mr.. Kotz. Mr.. Wise
aud Nj. Hendrlck b. Wright, of Pennsylvania. 1t |
Is perhaps unnecessary 10 add that another repuda
tiOn Democrat who voted was Mr.. Noble A. Hull of |
Florida, who holds the seat winch belongs to Colo |
mel Bisbee and casts an illegal vote every time he
votes at all IN the House of Representatives,
With the exception of the Sanford prOyisO, the |
bill goes to the Senate in exactly the form in which
II IL printed in The TRIBUNE to-day. Republican |
members OF tho House say that they have received
satisfactory assurances from both Democratic aud |
Repu blcan Senator'S that the bill will be materially |
by the Senate. Many Of them hold tue |
opinion that tho rate of interest Will R fixed at 3l2
per cent, and the term of the bond EXTENDED TO |
twenty years. Others think the per cent rate Will
DO retained and that the term viii be extended "a
thirty years. Both propositions are said to lind sup
pUrters among Senators.
[FOr debate 1 b and for S rot n d.ta on n passage
aud on ne Cdritsle amendment see second fdge.J
LAUNDERING LEGISLATION. !
EFFECT OF THE KEPUNDING BILL LIZ IT SHOULD |