National Republican. (Washington City (D.C.)) 1872-1888, 1882-01-28
CONGRESSIONAL.
PROCEEDINGS IN BOTH HOUSES.
The Sherman Funding Dlll-Adopiion OF Import.
ant Amondments-Bills Of n Private Ma
ture Passed - Communications
from the President.

In the Senate Friday Mr.. Garland presented a
petition from residents of and visitors TO Hot
Springs, Arkansas. for an appropriation of $500,
COO for the improvement Of tho permanent Gov
eminent reservation and the streets Of Hot Springs
IL set forth that the Government is the owner OF
nearly all the most valuable property in Hot
Springs, and has a large number Of lots
10 be sold, which improvement Of the
atreets Will increase In value that Il
already has large sums Of money in It's Treasury
paid by the owners Of the lots as purchase money
and rent; that the springs are visited by large
numbers Of people from all parts of the world and
the Government is deriving large revenue from
the medicinal waters there.
Messrs. Garland, Mcpherson Camden, and Voor-
hees severaily urged upon the Appropriations
Committee, to which the petition was referred tho
necessity of early favorable action.
Mr. Morrill, from the Committee on Education
and Labor, reported fayorably with amendments
perfecug IL in minor Details the bill 10 establish
an educational fund and apply portion Of the
proceeds Of the public lands to public education
and 10 provide for the more complete endowment
and support of colleges for the adyancemento Of
scientific and industrial education.
The latter portion of the morning hour was oc.
cupied in tho discussion Of proposed new order
ofbuslness, and at one o'clock the considerations Of
the Sherman per cent. bond bill was resumed
The pending question was upon the amendment
OF Mr.. Davis, of West Virginia. Mr.. Sherman ad-
dressed the Senate. A discussion followed, par
tcipated in by Messrs. Window, Davis of West
Virginia, Ingalls,, and Edmunds, In which the
point was made clear that the amendment, If
adopted, while retaining 10 the Government the
right to redeem tho new bonds at any time after
issue, would prevent their being redeemed until
after all the three and hall per cents and all ex.
listing bonds are paid off,
Mr.. Cockrell favored the retention of the Govern
ment option.
Amer further discussion IL was finally determined
to take vote upon the propositions Of the amend
ment us whole and the yeas and nays were dc.
mandod by Mr.. Sherman.
The amendment was adopted-yeas, IS; nays
%. The following is the vote:
,AYFs.-Messrs Baynrd, Beck, Butler, Call Cam
den, oockreil, Coke, Davis of West Virginia, Fair,
Farley, Garland George, German, Grover, Hampton,
Harris, nm OF SeorgiR ingalls,, Jackson JOh6sion
Morgan Pendeon Pm6 PaSb Ransom ssns
bury, slater Teller Vance Vest, VOORHEES,, Walker,
NSEsaM,sssrs AIaIich AntRoIHy Blair, Cameron
Mswiey HoaT f IapSam Mcb McM Ms ahone
Muller OF California Mitchell, Morrill, Plat Rollins
Saunders, Sawyer, sherman, and Van Wyck-39.
Mr. Butler said he was paired with Mr.. Cameron
OF Pennsylvania.
An amendment offered by Mr.. Sherman allow.
ing subscriptions for the new bonds to be made at
the postal money order offices upon the postmss.
tiers giving additional bonds was agreed to
Mr.. Sherman then moved to amend so as to
mako the bonds redeemable at the pleasure of the
Government at any time after January /, 1887.
Mr.. Davis, Of West Virginia. said this was sub
stantially tho same proposition which had been
voted upon.
Mr.. Edmunds denied this claiming that the
single question as to time bond had not been put
TO vote.
Mr.. Harris moved to amend the amendment so
ns to lessen the period for the bond to three years.
Agreed to-ayes. SO; noes, 26.
Mr. Sherman's amendment as modified to pro-
vide for three-yearb bond, was then lost-ayes, 25
noes, sc.
The Senate then took up Mr.. Vests amendment
which makes the proposed issue of $500 900 of
per cents the sole basis for increase of circula-
ton by any national banks now in existence or
for the circulation Of any national bank hereafter
TO be established.
Mr.. Pugh submitted amendments modifying the
provisions Of the Vest amendments as follows
First making more emphatic the provision that It
shall apply only to banks hereafter organizing or
increasing their capital Second, striking out the
provlso which forfeits the charter OF national
bank If 1t keeps bonds OH deposit after they have
ceased to bear interest Third, making sections
$3.50 and 5leO ofthe Revised Statutes (Which the
! Vest amendment re'enacts) apply only to the new
3per cents.
a ioloWcu, phruCipattu III Dy heSSfs
Hill, of Georgia; Pugh, Beck, and Hawley, when
1t was 9greed TO defer vote until the amendment
as proposed TO be amended, together with the Sec
tons repealed and re-enacted thereby could be
printed. Upon this agreement the bill was in
formally laid aside.
Pending motion for an executive session, Mr..
Butler introduced bill for a public building at
Greenville, S. G.
Messages from the President were received trans
hitting in fuIther response TO tho Senate resolu-
tion of December 49, report from the Secretary OF
State enjoying the purport Of recent telegram
from the special envoy of the United States setting
forth the conditions of peace presented by Chill.
Also a further response TO the Senate resolution
calling for correspondence touching modification
of the Clayton Bulwer treaty
Referred to the Committee on Foreign Relations
The Senate (at 420) after an executive session of
thirty minutes adjourned until Monday