The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-01-20
CONGRESSIONAL.
House.

me pending smendment was that offered
On thursday by MI. Anderson. Of Kansas.
Ir Price, Of lows, Inquired Of Mr. Ander-
son what he expected to accomplish by his |
amendment which provided for the retire.
mont ofnailoual banks and fer tho issue oil
currency rotes.
MIR. Anderson replied that, by Issuing cur
rency notes when national bank notes should
have been retired, the country would eaia
this: that the United States would b. the
only power having anything to do WITH
the money Of tho coUatry.
Mr. Frye, Of Maine, eays uotisa Of A euh.
su!uta winch he proposed to Offer for The
utsl section, proyidiNg for tho issue Of bonds
s6o trsNury notes 70 the amount Of $500
UOoO0O, bearing By per cent. interest, and
reyeem0b'o sitter q year.
AR. AndeEon's amendment was tAen re-.
jaoed DC TO rs.
The next amendment was that offered by
dr. ihbreil, OF Tennessee, imposing an in,
come tex, horovenue OF which ahaIl DO ex-
elusiye.y us for the payment of bonds md
notes herein authorized TO ba Issued. Tho
Tax IS liked ~ per cent. on an net income
Of over $500 and under S5,O00, snd ~ 4
por cent, Of all net incomes of ST, 900 End
over.
Messr. +. Wood, Of New York and FRY,
Of Maino, raised point Of order that the
amendment was not genuine ara was snb
5lanhailY similar to the bills pending before
She house.
fbe chair sustained the point Of order aud
the amendment WIS not admitted.
Mr. BISnd offered w appointment, prn-
yiding ihsl nothing contained shall be- con.
s,rJed to require the payment Of gold eod
SILVER coin held for the redemption Of ccrlh-
cates issued thereon, nor 10 raGeca Che
Smount Of coin held for Iesumpton pnr.
poae7 below $4,000 900; nor to REQUIRE The
payment Of coin which may D. nacagssrv To
roteem the public debt on which nsores. has
Cestsd.
The Amendments was rejeeted--57 to So.
Mr. WarreR offered an amendment rro.
yiding that the secretary Of the treasury NAV
IN his discretion make tho interest of tho
oir.i1oateS payable every four months. Re-
jected.
Mr.. Phillips offered m amoudmani nro.
yiding thnt certificates shall b, usu.i ia
denominations OF $40, $50 an $5) aitaar
registered or coupoa Adopted,
N.Y. Price offered ava amendment rsppgliag
TING iaG on uauk checks. Ru)al oul oil 4
point o. order
Mr.. Singleton Of Illinois, then o.
Tered, s2 q subft'tu'9 for .ho lrss section. "a.
amendment providing Tor disoharging the
debt redecmGblo in 1881 by rayn1aht Fr.n,
The treasury Of SlS5000,O00 and by the jssao
of &4O0,OOOO03 ia ,reaadry notes bear,ug 2
per cent. interest. Rejected.
Several other amendments wars offered
~ d rejected. Mr.. Gariiale, Of Kentucky. Of
tered an amendment authorizing thn iecrc-
tory OK tho treasury TO make suitable rulge
and regulations TO carry this act into effect.
provided the expenie Of diaposing OF bonds
and certificates sinai, not exceed one-lourth
Of ono per cent. Adopt d.. He also moved
10 strike out tho fourth Section Of ,the bill
sud insert m amendment authorizing the
secretary OF tho treasury to uss, if he deems
II necessary, not exceeding S50,000000 of
STANDARD gold and silver coin in The treasury,
in redemption Of tho Eve and six Der cont
bonds OF the United Statea, authorized 10 be
refunded by this net, and to apply the sur
plus money in the treasury ia purchase or
redemption Of United States bonds. provided
that the bonds purchased or redeemed
ehall consulate no part Of the sinking fund,
but shsH DO cancelled. The amendment was
adopted.
Mr. Hutchings, of New York, moved to
strike out VI 5th section of The bill. Heidi
not consider that o loan could DO negotiated
at three per cent. and argued against q
threo per cent loau. lilo claimed That three
per cent. bonds could not
DO Hoated ana that within four morths
lboro must DO contraction Of currency
4 fsRsAs Il