New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-01-03
THE REFUNDING BILL IN CONGRESS.

versation with TRIBUNE correspondent this even
ing, Mr. Fernando Wood strong hopes of the
early passage of the Refunding bill by the House of
Representatives. Il think" said Mr.. Wood, " that
we ought to dispose of the bill this week. Only
day will be consumed general debate, after that
! expect that number of MINOR amendments will
Oe offered, besides the substitutes prepared by
Judge Kelly aud Mr.. Gillette. The discussion of
these amendments under the five-mnute rule will,
of course, consume considerable time, but am con-
ident that the House will not be in temper to al
low any very tedious discussion for the purpose of
merely delaying the passage of the bill. 1t is my
opinion that the members are generally inclined to
dispose of the BILL in order to get it out of the way
of other business that is pressing to receive aten
tiOn and consideration"
"What new amendments to the bill do you hear
Off asked the correspondent
1.-The principal one and the one which will prOba-
bly, evoke the longest discussion is one to limit the
period at the expiration of which the Government
shall enjoy tho right to redeem the bonds" replied
Mr. Wood. IL find that great many of the mem
bcrs are opposed to waving the right of redemption
for so long time as twenty years the period named
in the bill 1t is quite probable that in this particu
lar and some others the bill may be modified. All
am anxious about is to preserve the main features
of the measure and secure its passage as early as
practicable"
What is the general tone of the letters you have
received in regard to the bill since the adjourn
menti' asked the correspondent.
Very favorable" was the reply; "the practica-
bity Of placing three per cent loan seems now to
be generally admitted, l noticed in The Financial
Chronicle, received yesterday. that the practical
bihty of selling our three per cent bonds at par
virtually admitted. l saw a statement In Wash
ington dispatch TO The New- York Herald Of to-day
that greatly surprised me. According to that dis
patch Secretary Sherman is opposed to the measure
now pending in the House. do not believe it, be-
cause it ~ III fiat contradiction OF the views which
the Secretary has repeatedly expressed TO me in
conversations on the subject this winter. So far
the rate OF interest concerned moreover, do not
believe there Is a single member of the House of
REPRESENTATIVES, who Is not opposed to any refund
ing whatever who does not favor three per
cent"
What do Won consider the strength of the oppO-
nents to refundng in the House " the correspond
ent asked.
Qetherv replied Mr.. Wood; of course even that
many members can place good many difficulties in
the woy of the bill and prOract the discussion upon
it; but as SAID before / do not think majority
of the House will be IN temper to permit any un-
reasonable delay"
paragraphs sen from Washington. in which it was
asserted that the opponents of n refundng measure
had gained strength since tho holiday ADJOURN
mrnt, and said: II do not think the statements
are correct. There have been very few members of
Congress in town during the recess, and have not
heard of any sudden conversions among them.
Those who went away to enjoy the holiday season
nave probably not devoted any great amount of
study to the subject. and probably they hold the
same opinions that they did two weeks ago."
" DO ycu think there Is anv danger that the Re-
funding bill viii be anagOnlzed by the Electoral
Count resolutions WHEN Congress reassemOles y
40. / think not and hope not. shall certainly
antagOnze every measure except Appropriation
bills until the Refundlng bill has been disposed of.
Congress cannot, IN my opinion, afford TO allow that
measure 10 fail, unless, indeed 1t shall be found
that majority is opposed TO any reunding measure
whatever, and thar, | believe, IS entirely without
the bounds of probability"
Mr. Wood has been suffering recently from an at.
tack of rheumatism and is still confined to bis house
He expects, however, TO be able 10 resume his
duties IN the House on wednesday.
THE EMBARGO ON AMERICAN CATTLE.
UNDER WHAT CONDITIONS GREAT BRITAIN is WILL
ING TO REMOVE ia SUBJECT OF NATIONAL
IMPORTANCE.
iBY TELEGRAPH TO THE rRTBUNEl
WAsuINGION, Jan. DIR Charles +. Lyman, the
veterinary surgeon charged by the Agricultural De-
nortmcnt with the investigation of the subject Of
pleuro-pueumonia and who has recently made
n reDort on the subject, tonight said that
the subject was one of the gravest Importance.
and more than others connected with the agricultural
interests of the country demanded the consdera-
tion of Congress- His visit TO Great Britain,
whittier he went for the purpose Of making sOm6ar-
ranpemcuts by which the embargo on the eXporta-
tion of live cattle might be removed from the ports
or portlnnd and Boston, was not, be says, wholly
ba,ren of good results, though he was met
AZ the outset with the objection that the
privy Council of Great Britain could not
treat with individual States Of the Union, for
oven we're Massachusetts. for instance, clear OF
the plague there was nothing to prevent the ship
ment from her ports of cattle from any disease CEN
ire of any other State. DR.. Lyman says that be Is
convinced after thorough examination, that the
disease has not yet spread into any of the Western
States. but within six weeks a new danger has
arisen. winch consists in shipping calves to the
West from Eastern States. The necessity IOr Inls
Crows out of the increased European demand iOr
American beef. Eastern calves from lne helglo9r-
hood of the large cities whore there Is d great ue-
mand for milk are, as mater 0l lact, I'm on'' f b
rIse " here and dealers are buying them Ior snip
Inrnt West to be grown INTO Deeves =, =.
IfD snid DIR. Lyman, one calf should carry the
seeds OF the felse 70 and there would not be safety
11nvwhere or course this should be stopped ln-
stontIv bv Congress" Dr. Lyman thinks that II the
General GOvernment We're 70 Iahe any aGtIon ~ @ noo
nt of Great Britain would at relax its regua-
tinns bur il will demand some guarantee on the
naPL of this country. as u nation, ana not us
senarate States. Another feature of the trade IN
live cattle which promises TO become important y
the shipment to England ana Scotland OF " frames"
lean cattle two or nree years olu, Wmen V fodS
This would be profitable for OoJn countries, pue
nntll England aud Scotland are satished tnat tne
United States Ia free from "a s snIs
trade ia impossible and Great Britain VIII import
its framesn from other countries, Ut Lyman Is
satisfied that he disease can DO successfully etadl.
Gated the offs or elght years az SOst hOs
10 coed 5000, 600 year OUT thS musI NC uone W
the General Government.