The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1882-02-09
CnKE's ELL.
CAPITAL KEYNOTES.
MEETS WITH THE IDENTIFICATION OF
THE DEPARTMENT..

MEETS WITH THE IDENTIFICATION OF
THE DEPARTMENT..
WASHINGTON, ID. c., February g.
The secretary of the navy issued the
following order:
The frequency with which punish
ment by solitary confinement on bread
and wattr or on diminished rations is
imposed by sentences of summary court
martial, meets with the disappr0bation
of the department. This punishment is
severe one, aud il was not probably
contemplated by law that it should be
generally rcsorted to for the correction
of offenders. 1t is believed other author
| lied punishmcnls will in most cases
| prove more effccIual than this. In cases
where punishment by confinement on
| bread and water or on diminished IA
tiOns Is imposed by the sentences of
court martials, that portions of such
sentences be disapproved by the depart
| ment.
THE TEXT OF THE FUNDING BILL.
| The following is the full text of the
three per cent. funding bill as passed by
the senate to-day
of the treasury is hereby authorized to
receive at the treasury and at the office
of any assistant treasurer of the United
States, and at any postal money order
| office lawful money of the United States,
TO the amount of $50. or any multiple of
that sum, or any books of the United
| States bearing 81 per cent. interest,
which are hereby declared valid, and to
issue in exchange thereof an equal
amount of registered or coupon bonds
of the denominations of $40, 800, $500,
| $1,000, and $4,000, bearing interest at
the rate of 3 per cent. per annum, pay
| oil nj annually or lar n.tIl n
| the ,refssErS OF - the United
States Such bonds shall he
| exempt from all taxation
by or under state authority and be pay
able at the pleasure of the United States
provided that the bonds herein author
| lied shall not he called in and paid so
long as any bonds of the United States
heretofore issued, bearing higher rate
of interest than three per Centum, and
which shall be redeemabie at the pleas
ure of the United States shall be out
standing and uncalled. The last of said
bonds originally used and their substi-
tuIes under this act shall be first called
in and their order of payment shall be
followed until all shall nave been paid.
Money deposited under this act shall be
promptly applied solely to the redemp-
ton of bonds of the United States bear
ing three and one half per centum IN
terest, and the aggregate amount of de-
posts made ami bonds issued under
this act shall not exceed the sum of
5000 100000 The amount of lawful
money so received on deposit as afuFe-
said shall not exceed the sum OF $685.
100000 Before any deposits are re-
ceived by any postal money order office
under this act the postmaster at such
office shall file with the secretary of
the treasury his bond, with salts
factory security, conditioned that he
will promptly traRamit TO the
treasury of the United States the money
received by him in conformity with
regulations to be prescribed by such
secretary, and the deposit with any post
master at any time shall not exceed the
amount of his bond.
SEC 2. Any national banking assOci
alton nov organized, or hereafter or
gained, desiring TO withdraw its circu
lating notes, upon deposit of lawful
money with the treasury of the United
States, as provided in section four. act %
June Goth, 1874, entitled ''an act fixing
the amount of United States notes pro
yiding for redistribution of nationa
baak currency, aud for other purposes, ,
shall be required TO give thirty days no
tice TO the comptroller of the currency
of The int, rior department deposit mon
ey, and withdraw its circulation notes
provided that not more than five mil
lions of lawful money shall be depos
tied during any one month for this pun
pose, and, provided, further, that tn
provisions of this section shall not ap
ply 10 bonds called for redemption b,
The secretary of the treasury.
: SEC. 3. That nothing in the act shal
be so construed as to authorize an in
: crease of the public debt.