Centre Democrat. [volume] (Bellefonte, Pa.) 1848-1989, 1882-05-18
Washington News.

WAsnINGrov, D. C., May lG.-Judge
Kelley, Mr. Randall and several other
members Of the -7ays and means com.
mIttce TO day had an informal discus.
sion on the senate funding bill, and de.
cidcd to take the matter up for consid.
Grafton on Thursday next. The ma.
jOrity Of the committee are convinced
that q three per cent. funding bill
should pass in accordance with the re.
commentator OF the national banks
and other financial organizations. The
difficulty which surrounds this matter,
a. Judge Kelley and others OF the com.
mittce view it is that under the results
Of the present heavy taxation all tie
dyes and skies will be redeemed with.
IN three years. They therefore main.
tain that to make three per cent.
funding bill useful for national bank
purposes, there should be a large reduc.
ton in tax and tariff list, 10 order that
bombs eau have longer TO run, aud that
without thi- it il useless 10 pass fund.
ing bill. Cougrcssman Randall and
other mem bcr4 aai senators inter
eslci in the tariff commission have had
frequent interviews with The president
concerning i,s composition. They sug
- ted that no person should be sppoin.
tel on the commission who was person.
ally interested in any way IN the sub
ioct matter Of The inquiry, or would in
his business be benefited hy the result
Of ils hbors The president admitted
tals was q proper course to pursue and
sa,I be would cuieayor IN making a
selection to be governed by that idea b.
far rs possible.
Hr. Capp told your corrcs sPoudent to-
night tAli the house had agTecd to close
debate on the bin to extend national
bank charters ai = o'cloc. tomorrow.
Voting will then commence on amend.
mon's. and any debate arising will be
confined % the Eve minute rule. Tie
( proposes that only two amendments be
adopted and he mas offer them himself.
! Oae Of thcse would allow national banks
with bonds for security for circulation
7 to replace called bonds 10y other bonds
I and issue circulation equivalent to par,
I provided that bonds were al a premium
oi over ten per cent. IN market. This
is 10 prevent contraction Of bank cur
reucy. The other j. 10 cqual.za issues
OF circulation to banks 50 that all can
take out ninety per cent. of their de
posted bonds. Small banks can take
out under the present law ninety pei
cent. OF their dcposiicd securities, while
banks with over half million capital
can only take out atty 70 eighty peF
cent. Of circulation.
Mr. Page, chairman Of the house com
msrce committee, says that the com
mittce has considerable difficulty in
determining its course nov that tho
great work Of the session. the river and
harbor appropriation bill, is completed
The committee has decided. however
to commence on Friday with the inter
state commerce bill and be said, with
some degree of positiveness, 1--WE vii
pass it and believe it will be practically
Reagan's bi,l.'
General Harrison Allen, OF Warren, il
in the city. lie is known here as on,
OF the 3O6 and Cameron delegate tC
the Harrisburg convention. Heis Pres
umably after bis reward, bu, whether h'
will succeed or not is, at this writing,
matter OF conjecture.
Senator Mitchell called at the whit,
house to-day. lie had a short confer
ence with the president, the substance
Of which was a request for the with
drawal Of the jackson and kaufman
nominations. When seen hy our cor
respondent few minutes later he wa
very uncommunicative and the pre-
sumption is that he met with very
slight encouragement. Senator Mitchell
leaves for his home on Friday morning
next to speak at the mass meeting tC
be held in Wellsboro' the following
evening. Senator Cameron intended
bringing up KsufTman's case in execu
tive session to-day, Gut agreed TO post
pone 1t until TO morrow. at Mitchelp'
request. Mitchell thinks Kaufman will
be confirmed by about the same vote
that worthington had yesterday,
CoLuxHiA county has appointed lele.
! = 80 -aa. y.