Morning journal and courier., 1882-01-10
FORTY-sEVENTH CONGRESS.
WASHINGTON, Jan.

WASHINGTON, Jan. 9.
 sENATE.-After the introduction of several bills the Senate took up Mr. Sherman's three per cent funding bill. MT. Sherman explained its provisions in short and cogent speech and he wss briefly re- piled to by MT. McPherson. MT. Thurman visited warmly received. MT. McPherson assured MT. sher- man that bis [sherman'sl conversion was no less gratifying than unexpected. He welcomed him to the Democratic idea of three per cent. loan.
 MT. Bayard characterized the voluntary refunding of bonds by their holders at a much lower rate of interest unprecedented and tribute to republican institutions. He opposed the reduction of interest as dangerous experiment., holding that if the bonds went below par currency would decline. He ap- pealed to the Senators to let well enough alone. 1t was of consequence to Great Britain whether her bonds at par not. this she was unlike our country and her three cents had been at par only once in twenty years.
 Mir. Beck advocated the committees limit to the amount of the bonds to S2O0 900 instead S9O0 100000 proposed by the original limit, $4O0 O0O out of the power of the government to pay it's own debt from the surplus revenues without bonds at such price as anybody might demand for them.
 Mir. McPherson complained that Mir. Bayard's com parison of our bonds with the British conso1s was entire interest away, while our bonds could not be taxed.
 At 2:50 D. the Senate went into executive session
 HOUsE.-This being regular bill day flood of bills were introduced, the following members among others introducing bills MT. Buclner of Missouri bill to regulate the issue of coin certificates also resolution of inquiry as to the number and amount Of capital banks organized since July 1884, and the clrculaL1On capital and securities of banks whose charters expire within two from Jan. 1882 also bill to regulate of the Treasury also bill to give American registers to foreign built iron and steel vessels MT. Flower, of New York; to abolish the tax banks, patent medicines matches and articles affected by the stamp tax; Mr. Ford of Missouri, bill to revive and continue the court of commissions of Alabama claims and to distribute un- appropriated money of the Geneva award.
 MT. Beltzhoover, of Pennsylvania offered joint resolution proposing to amend the Constitution of the United States as to apply the principles of minor fly representation to the election of President and Vice President It proposes to give to the citizens each State the right to vote directly for President Vice President and provides for the computation and return of such votes to board constituted of the highest officials in each State, who shall divide the electoral vote to which each State is entitled in the rato or the popular vote so cast and returned. The resolution provides also fully for all the machinery necessary to effect the purposes of the amendment.
 MT Bayne, of Pennsylvania giving an additional Senator for each million of people to States having over two millions and making them to be elected by the people Mr. Desendorf, of Virginia, appropri- ton for the navy to be available immediately for th bureau of construction and repair of S275 OO steam engineering $5O,OGO, equipment and recruiting S75- GOO.
 The House, motion of MT. Kelley, went into Committee of the Whole on the distribution of the Presidents message to the proper committees Mir. Hiscock in the chair Considerable discussion en- sued on that portion of the report referring that part of the message relating to the discontinuance s yer coinage and silver certificates to the Committee on Ways and Means. By vote of 105 to 43 it was referred to the Committee Banking and Currency.
 The Speaker assigned Mr. Reed, of Maine to the position on the Committee Rules relinquished by Mr. orth He also appointed Messrs Kasson and Tucker regents of the National Deaf and Dumb Asy- lun and Messrs. Deeripg, Tsylor and Cox regents the Smithsonian Institution.
 transmitting the report of Messrs Tdball and Shall cross on the straw bids. The communication is sim liar to that presented to the Senate Friday. The message referred to the Committee on Postof ces and Post Roads.
 The number of bills presented 1n the House to-day was 789. The House adjourned at $40 D. m.