The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1882-02-02
CONGRESSIONAL.
SENATE.

WASHINGTON, Jan. 26.-Mllier, from
the committee on foreign relations, re-
ported with an amendment to the bill
to enforce the treaty stipulations relating
to the Chinese. He gave notice that he
would ask TO have the bill taken up
Wednesday.
Allison introduced bill to provide a
reserve fund for the redemption of United
States notes and for other purposes.
1t provides that maximum reserve
fund not exceeding the sum of $120 O00,-
600 shall be set apart in the treasury for
the sole purpose of redeeming United
States notes, threcfourths of which
shall be in gold coin and bullion
and the remainder in standard
silver dollars. Any holder of gold coin
may deposit the same with the treasurer
or any assistant treasurer in sums not
less than $40, and receive therefor gold
certificates of not less than $40 each,
corresponding with the denomination of
United States notes. The coin deposited
on representing certificates shall be re-
tanned in the treasury for the payment
of the same on demand. The certificates
shall be receivable for customs, taxes,
and all public dues, and when received
may be reissued. Such certificates and
certificates issued under the authority of
the standard silver dollar act of Febru-
airy, 1873, may be counted
as part of the lawful money reserve of
the national banks and may be accepted
in settlement of clearing house balances.
The bill also provides that gold and sill
YER certificates shall not be issued when
the reserve fund falls below $4,000, 600
or until it is restored to that amount.
The bill was referred to the finance COM
mittee.
Under the call of committees the fol-
lowing bill was reported:
By Neal, chairman of the committee
| of the District of Columbia appropriat-
| ing 100000 for the reclamation OF
marshes IN the harbor of the city of
| Washington and Georgetown. Refer
ed to the committee of the whole.
After the morning business the senate
resumed the consideration of the Sher-
man per cent. bill, and Sherman pro
ceeded to close the debate.
A motion to lay the funding bill on
the table was defeated, yeas, %; nays,
AZ.
Proceeding TO consider separately the
pending amendments the senate took up
| one proposed by Davis, of West Virginia
to retain the government option on
/ three per cent. bonds to require their re-
| dempiion in advance, calling in 3 per
cents and to arrange the order of their
payment so that the last new bonds is
sued shall be the first 10 be redeemed.
A long discussion ensued upon the sug-
| SestiOn of a modification of the phrase
ology of the amendment with a view to
simplifying it. Without action on the
! amendment the senate went into execu-
| tive session and adjourned till to-mor-
| row.
| WASHINGTON, Jan. 27.-Garland pre-
| sented q petition from residents of and
/ visitors to the Hot Springs of Arkansas
| for an appropriation of 500, 600 for the
improvement Of the permanent govern
ment reservation and streets at Hot
Springs. Referred.
| An amendment offered by Sherman al
| lowing subscriptions for the new bonds
/ to be made at postal money order Offices
upon postmasters giving additional
| bonds was agreed TO.
| Sherman then moved an amendment
so as to make the bonds resIeemabie a,
the pleasure of the government at any
| time after January 1, 1887.
| Davis of West Virginia said this was
substantially the same proposition
which had been voted upon.
E1munds denied this, claiming the
single question as to the time Of the
bonds had not been put TO vote.
Harris moved an amendment SO as 20
lessen the period. of the bonds. TO three
years. Agreed 20. yeas SO; nays 81
Teller said he voted for the Davis
amendment in order to make the bill as
obnoxious as possible
Sherman, in reply to Teller ridiculed
the assumption that his own efforts to
reduce the public debt could be distori.
ed into special concern for the banking
interest and money kings. He thought
perhaps the. fallaey Of that gentleman's
argument wes 10 be found in the fact
Of which ne TELLER seemed to boast
that he did once belong TO the Demo
cratic party. Q1aughter).
Sherman 8 amendment as modified e