Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-07-02
WASHINGTON.
CONGRESSIONAL.
SENATE.

pany to construct bridges over the
channels of Pearl River and Lake
PCutchartrain.
The Senate resumed, in com-
mitJee of the whole, consideration of
the Legislative, executive and judicial
appropriation bill. A long discuss
SION ensued upon the amendment
offered by Senator Morgan, increas>
ing the salaries of certain Gle ks in
the General Land Office, in the
course of which Senator Morgan
criticised the action o.. the commit
tee on appropriations.
Upon the subject, Senator Beck,
in replying, said that he would re-
sign as a member Of the con- mittee
in favor of the gentleman from
Alabama (Morgan)
Senator Morgan-"I accept. -
Senator Beck (seriously)-'I ten
der my resignation, and ask for the
appointment of the gentleman from
Alabama, at his own request"
Senator Voorhees, suggested that
it was no time to swap horses 10
crossing stream, and the presiding
officer declined to accept the resig-
nation on the ground that it was not
now III order, as the Senate was en-.
gagged III other business. The amend
ment was ruled out on a point Of
order.
The bill, as amended, was then re-
ported to the Senate and passed.
The Senate then, in committee of
the whole, proceeded to the consld-
Grafton of the general deficiency ap>
preparation bill The bill was cons
sidered without interruption until
40 p. H., when the Senate went
iuto executive session, aud when the
doors were reopened adjourned.
HOUSE
WASHINGTON, July 1,-Mr. Kelly,
of Pennsylvania, asked for unani-
nous consent to report from the
committee on ways and means the
joint resolution authorizing Secreta-
ry of the Treasury to issue 2 per
cent bonds, bearing higher rate Of
interest. He said that 1t was pre-
pared under the auspices of the Sc
cretary of the Treasury. The reso
luton was passed.
It is as follows: That the Secretary
of the Treasury be and is hereby
authorized and empowered, III his
discretion, to issue bonds OF certIti-
Gates of the indebtedness of the
S5U or mulnples thereof, as he shall
see tit, to the amount Of not more.
in the aggregate, than $200,00O,0OO,
bearing interest at the rate of 2 per
cent, payable half yearly, and the
principal and accrued interest paya-
bic at any time at the option of the
United States. He shall issue them
only in exchange for Obligations of
the United States bearing higher
rate of interest than
2 per cent. per annum at par value
OF the several Obligations exchanged.
The bonds or certificates of indebt~
edness hereby authorized, shall not
be redeemed until all the bonds of
the United States bearing higher
rate of interest, and which are also
payable at the option of the govern,
ment, shall have first been paid off
or called in. The bonds OF certif-
Gates hereby authorized shall be
called IN for the payment in inverse
order to that In which they shall
have been issued, and in such sums
at each call as the Secretary
Of the Treasury may de
termine. They may be used
by national bank associations
as security for payment and redemp
ton of their circulating notes and by
national bank repositories, as see
cuTisy for deposits with them of
public moneys, at the same rates and
subject to the same regulations as
other obligations of the government
are now received and held for those
purposes respectively. They shall
be redeemable at the Treasury of
the United States in coin at the
present standard value, and interest
thereon shall be payable in that
coin at that place They shall
be exempt from all taxes
or duties of the United States, and
from the taxation money, from, by
or under State, municipal or local
authority. Nothing herein contained
shall be held or construed to author
ize any increase whatever, of
the bonded debt of the United
States.
Mr.. Kasson, of Iowa, asked to
have put, upon its passage, the bill
providing that the duties on import
ed sugar deposited in the bonded
warehouses, shall be paid on the
quantity delivered from the ware
house, instead of on the quantity
entering into it, but objection was
made.
At IL o'clock the House went into
committee of the whole, Mr.. Page,
of California, in the chair, and res
sumed consideration of the naval
appropriation bill, the question be
ing on the amendment offered by
MIR. Calkins, of Indiana, to strike out
the provisions in regard to promo
tions to the grade of Rear Admiral
The amendment offered by Mr..
Blount, of Georgia, to strike out the
clause providing for a board to fill
the vacancy in the grade of Rear
Admiral was adopted and the clause
was struck out.
On motion Of Mr.. Briggs, of New
Hampshire, the following clause was
inserted in the bill {: THAT when
ever, on an inquiry had pursuant to
law, concerning the fitness of an Of
fcer of the Navy for promotion,
it shall appear that such officer is
unfit to perform at sea the duties of
the place to which it is proposed to
promote him by reason of drunkens