The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1881-02-17
Last Nights Dispatches.
xLvI CONGRESS-.
SENATE.


/ WASHINGTON. Feb. l6.-Mr, Kirk wooc
suggested that the same elasticity as tt
the rate which was given treasury notes
! should be extended to the bonds and tha,
therefore the phrase mot exceeding three
and one half per cent" should be made
applicable to 10th. He desired to hear
| froDl the finance committee whether any
good reason existed why this should not
be done
Mr.. Bayard replied that to leave the
rate upon the funded loan discretionary
with an off ,iaI would be soleclsm In oul
| financial policy.
! After further debate. participated IN by
Messrs. Allen Booth, Blair, Pendletor
ana Voorhees,, upon the possible advant
age TO the government 10 allowing the
Secretary Of the Treasury discretion as tc
fixing the rate on the short loan, Mr. Nc
| Pherson referring to an observation Dy
Mr.. Allison that the proposed lean should
be popular loan, said all ether loans With
one exception Chat of 1879 had been sold
to syDdioates below their par value, and
that the syndioates had resped prohta
that should have gone into the pockets Of
| he people. The loan would be bullcd
IN two days after the syndicate got 1t to
the point at which the investor would have
to pay I'VE or six per cent premium on the
| bond.
Dir. Allison replied by calling attention
to the amendment which he had prepared
proposing popular loan open TO the peo-
pie at par and not to any syndicate.
Mr. Butler favored the 81 rate and a
long bond Is 80 or 40l. but he had been
assured Of the impossibility of the latter
feature being adopted by the present
Congress, aad lie would therefore accept
the next best proposition of 10 or 20
After statemsnt By Mr. Bsysrd that
he would press the till to conclusion
to- morrow, tie Senate weu. into an exec
ntlye session and when the doors were
rsopensd adjourned.
HOUSE
| WASHINGTON, Feb l6.-On motion oi
New. az amendment was adopted provid.
ing that the $4,000 of money appropriat
ed for improving the Ohio river may be
expended on the Indiana chute,
Mr.. Thomas offered an amendment
providing that $50 600 of the appropria'
tion be used in continuing the work or
Grand Chain rapids, Rejected.
An amendments offered by Mr. Ryan
increasing the item for the removal oI
snags from the Mississippi. Missouri and
Arkansas river was rejected.
| Mr. king offered an amendment pro.
yidina that the work OF removing snags
shall be prosecuted during the low water
season. between July and Decent Der /. a
| proposition which was objected to by Mr.
Updegraff on the ground that On the Ar.
kansas river at least snag boats could only
| get up during high water, The amend
| ment was adopted, being SO modified as to
leave it to the discretion OF the engineers
| when the work should be done.
Mr.. Marsh moved to incease the appro'
priation for removing s0ags from the
Mississippi, Missouri and Arkansas rivers
and 10 the course of his remarks said il
fhad been broadly stated in the press thai
| number of members had signed a paper
pledging themselves to defeat every
amendment which vas offered to the bill
If that were so those gentlemen might6nd
they would have trouble getting their bill
through the House. The amendment was
| rejected.
Mr.. Updegraff an amendment provid
ing that no money appropriated by this
act shall be expended in the improvement
of any stream, creek. rivulet. dam. lock OF
modified mill dam which is not within the
admiralty and maritime jurisdiction oil
| the United States. There was somewhere,
Dswdrop. place where it was proper tc
appropriate money and placs for and q
place which it was not proper to appro-
pirate for. His amendment gdetermined
those places. The amendment was re
| Ijected-yeas So nays 81.
| Very many amendments were rejected,
| The appropriation for the improvement
of the Mississippi river having been read,
Mr.. Marsh raised point of order agains,
the clause and proceeded to speak upon it
amid good deal Of confusion. The point
OF order was finally overruled.
Mr.. Robson offered an amendment
providing that no portion of the money
appropriated for the Mississippi river
shall be used in the repair or construction
of levees for the purose of preventing
injury to lands by overflow of preventing
injury to land shy overflow or any other
purpose whatever, except for the means
of deepening or improving the channel oi
that river, Tbs amendment iurther
makes 1t the duty of the Mississippi river
com mission ia make report on or before
the lst of January next to the Secretary
OF War for transmission to Congress. of q
detail statement eff the work doDs and the
expenditures made, with its judgment
upon the effect of such work aud praeti
cabllity and estimate the total cost Of ths
Improvement from Cairo to the hesc
passes. Adopted without division.
The item relative to the Mississipp %
having been passed from, large numbe1
of items followed for the improvement O
small rivers in Maryland and Virginia,
These items as they were read were
op posed by Updeeraff, who made severa
brief, but sarcastic and amusing speeches
but bis amendments were rejected.
Mr.. Updegraf warned the Democratic
party, and particularly the Southern
sec:ion OF that party that il would bt
held responsible for the passage Of thii
bill.
/ Mr. Calkins moved 10 appropriate $l00
900 for the in provement of the Kankaket
river. Rejected.
| The committee then rose and the House
| took a recess until 1880
| Whom the House reassemh hled the bill
PASSED providing for the distribution. az
ter three months notice. OF unclaimed
dividends among the creditors OF nstiona
| banks.
Mr.. Wells presented the conference re
port On the Indian appropriation bill. Th,
report states that an agreement has beer
reached between the House and Senate
conferees an all differences between TIL,