Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-01-28
CONGRESSIONAL.
SENATE

The Senate, at l o'clock, resumed
the consideration of the Sherman 3
per cent bond bill
After discussion, the amendment
OF Senator Davis, of West Virginia,
striking out the time feature of the
new bonds, and making them passa~
BILE at any time at the option Of the
government, was carried by 3S ayes
to 26 nays.
Senator Sherman moved to amend
so as to make the bonds redeemable
at the pleasure of the government at
any time after January 1887.
Senator Harris amendment was
amendatory Of this amendment.
An amendment offered by
Senator Harris to provide that the
new issue shall be three year bonds,
was adopted. Yeas, 33; nays, 26.
An amendment offered by Sen
ator Sherman, allowing the sub
scription for the new bonds to be
made at the postal money order
offices upon postmasters giving ad
ditional bonds, was agreed TO.
Senator Sherman's amendment, as
modified to provide for three year
bonds, was then lost. Ayes, rs /;
nays, SO.
The Senate then took up Senator
Vests amendment, which makes the
proposed issue of $20O,000,O00 of
three per cents. the sole basis for an
increase of circulation by any nation
al bank now in existence, or for the
circulation of any national bank here
after established.
Senator Pugh submitted amend-
ments modifying the provisions of
the Vest amendment as follows !:
First, making more emphatic pro
visions that it shall apply only to
banks hereafter organizing or in>
creasing their capital second,
striking out the proviso which for
feits the charter of national bank
if it keeps bonds on deposit after
they have ceased to bear inter
est; third, making sections 5159 and
5160 of the Revised Statutes which
the Vest amendments re-enacts apply
only to the new three per cents.
A discussion followed. partici-
pated in by Hill, of Georgia, Pugh,
Beck and Hawley, when it was agreed
to defer the vote until the amend
ment, as proposed to be amended,
together with the section repealed and
re-enacted thereby, could be printed.
Upon this agreement the bill was in
formally laid aside, pending motion
motion for all executive session.
Butter introduced bill for a pub
lie building in Greeuville, S. G.
Senator Perry introduced bill
granting pensions to certain. Union
soldiers and sailors OF the war OF the
rebellion who were confined in SC
called Confederate prisons.
Messages from the President
were received, transmitting in fun
ther, response 10 the Senate's reso
luton of December 3Ist.
A report from the Secretary o.
State, embodying the purport of the
recent telegram from the special en-
voy of the United States, setting
forth the condition Of peace present
ed by Chill; also further response
to the Senates resolution calling fol
the correspondence touching the
nullihcation of the Clayton Bulivel
treaty. Referred to committee OF
foreign affairs.
The Senate, after an executive
sessl on OF 30 minutes, adjourned un
til Monday.
The following is the full text O
Senator Davis amendment: That tn,
bonds herein authorized shall not b.
called in and paid SO long as an,
bonds of the United States heretofor
issued, bearing higher rate of in
terest than three per centum, an,
which are redeemable at pleasure q
United States shall be outstanding
The last of said bonds issued unde
this act shall be first called in. an
this order of payment shall be fol
lowed until all shall have been pait
HOUSE.
WASHINGTON, d. c., January 27.-
MIR. Townsend offered resolutio
calling on the Secretary of the Inte'