Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-06-22
whenever the cash redemption fund
falls below one million dollars.

AoAlo USiOW OUo Iul1ilOH uOlldIS.
An amendment, offered by Senator
Coke, and amended by Senator Pugh,
was adopted providing that no ma
| tional bank shall become member
of any clearing house in which silver
certificates shall not be receivable in
settlement of clearing house BALI
ances.
A provision was adopted for bid
ding the certifcation of checks in
excess of deposits, under penalty of
$4,000 fine or five years imprison>
ment, or both. An agreement was
entered into that the debate on the
bill will close at five o'clock to-mors
row, when voting upon the bill and
amendments will begin
Senator Allison submitted copy
of the bill recently reported from the
| commerce committee, for the con-
struction of what is known as the
Lemupin canal, which he intends to
offer as an amendment to the river
and harbor bill
After an executive session the
Senate adjourned.
WAsHrNGToN, D. c., June 21,-The
Speaker being absent, the House was
called to order by Mr. Burrows, of
Michigan
Mr.. Reagan, of Texas, rising to q
question of privilege, stated thai the
bill passed On Monday last, TO regu-
late immigration was not in the shape
in which it was intended to pass it.
The committee on commerce had in>
tended to pass substitute for the
| original bill, but by a mistake the
wrong draft was sent to the clerk S
desk. On his motion the resolution
was dropped, requesting the Senate
to return the bill to the House.
The main difference between the bill
as passed, and the substitute, is that
the former charges the cost of re-
turning paupers, criminals, &c, to
the nation to which they belong,
while the latter charges it to the
steamship company bringing them
over.
The House resumed considera-
ton of the bill for the erection of a
Congressional library building.
After long debate the bill was
postponed until next December.
Mr.. Robeson, from the committee
on appropriations, reported back the
Navy appropriation bill, and it was
referred to committee of the whole.
The House then went into com-
mittee Of the whole on the bill to
reduce the internal revenue taxation.
Mr.. Kelley, of Pennsylvania, chair
man of the committee on ways and
means, explained the provisions of
the bill. The financial condition of
the government to-day presented
spectacle such as had never before
been seen in the worlds history.
The bill in question proposed to
make reduction in revenue Of less
than Sl7,000,O00 to take effect i'm
mediately, and less than S6,000,000
to take effect the first OF May, 1888.
Last year the government had sur
plus of Sl00,000,000 1t had then
collected $3.50, 100000 from all
sources. This year it would collect
over $500, 100000, and it's expedi-
lures had been greatly reduced. He
then compared the financial condi-
tion of the government for the first
nine months of the present year with
its condition Tor q similar period of
last year, to show that there
had been an increase of receipts
from each of the three sources of
revenue customs, internal taxes and
miscellaneous At the end of the
first nine months of 1881 there had
been exhibited reduction of from
$66, 6,490,000 TO $56, ,S62 900, while, in
1881, the government had expended
S204, 100000. In 1882 it had ex.
pended but S194,000,000 for nine
months, and the net surplus, which,
at the end of the first three quarters
of last year, had been S62 ,4S3, 900,
was, at the end OF three-quarters of
the present year, S104. 100000, an
increase of ~, 100000. The bill
which he was pressing on the atten
ton of the House did not reduce the
revenue much more than one-third
of the increase. The government
had $l00,000,0O0 surplus last year,
aud when the revenue should be
abated by these Sl77,000,000, it
would have this year about S135,-
| 100000 surplus.
Mr.. Thompson, of Kentucky,
while advocating general system Of
reduction of taxes, complained of
the bill because it took the tax off
of the wealthy and did not relieve
the poor laborer in the slightest de-
gree. It was shaped and framed
/ wholly in the interest of bankers
and capitalists. Other things were
put in merely as a make shift to
carry it through. After the declara-
ton OF his opposition TO reducing
the taxes upon the luxuries of life,
he passed on to the discussion and
denunciation of the existing tariff
laws.
Mr.. Thompson spoke for over
an hour, and elected good deal of
laughter by bis criticism of the
civil service of the Republican party.
In conclusion, he said that what-
ever Democrat voted for this bill
voted against the interes of the
people, and might as well subscribe
himself as Republican from this
time on.
A large number of amendments
were submitted and read for infor-
nation.
The amendments offered affect every
provision i'll the bill. either SIS the
amendment or substitute. The com
mittee finally rose without action.
A conference report on the Mill
tary Academy bill was presented and
arrna6 tO