Daily Kennebec journal., 1882-01-13
BY TELEGRAPH,
Associated Press kilograms to the Daily
Ksnnebec Journal
PORTYSEvENTH CONGRESS.
SENATE.
WARRINGTON, Jan. IL


At Las. the Senate resumed the consider
alton Of Mr. Sherman's funding bill and Mr..
Garland argued to show that the relations
Of the banks 10 the government was that Of
mere fiscal agents. and that Mr.. Vest's amend
ment was the logical and legal sequence of
funding.
Mr.. Allison enquired for information,
whether upon Mr.. Garland's construction Of
its language Mr.. Vests amendment making
the nev bonds the sole basis of bank eircu-
lation, would require the banks having 8 l-2
per cents. on deposit to surrender those and
take per cents. He did not 20 understand
L.
Mr.. Garland: We will try and make il broad
enough to cover that Referring incidentally
TO passages In the reports Of the comptroller
and secretary of the treasury upon the sub
ject, he said the opinion seemed to be enter
tained BY those ofacers, that by some means
they were to perpetuate themselves after 20
years, - claimed by the Senator from Ohio.
The country should know the fact for 1t did
not yet know it.
Mr.. Sherman explained that he claimed
exactly the opposite; that the banks had no
power to revive themselves, but that he
thought any set Of people. either stockholders
or outsiders, could organize.
Mr.. Plumb reviewed his amendment 90 to
require the use Of all the funds now In the
treasury, for the redemption Of United States
notes to the excess of SlOO, ,OOO. 600. in the
redemption Of l-2 per cents. He also gave
notice Of additional propositions. The de-
bate was continued by Messrs. Sherman, AL.
lison, Vest and Plumb.
The fact became apparent At 4. 20, that sew
sral senators desiring to speak had not vet
participated in the discussion, and the bill
was informally laid aside until Monday.
Mr.. Vest reported favorably, with smend-
ments, from the committee on commerce, the
Senate bill to authorize bridge across the
Missouri river. At the most accessible point
within i've miles above the city Of ST. Charles,
NO., which was taken up and passed 40
amended, on motion Of Mr.. Edmunds, so a.
to reserve to Congress a. we'll a. to the Sec
retary Of war. the right not only to make
changes in the bridge structure for the bene-
nt Of river navigation, but to order its entir
removal.
On motion Of Mr.. Morrill, the Senate bill
to restore certain articles of silver-ware TO
Ars. Isabella =. McCrea was passed.
Mr.. Morrill, made An Intellectual effort to
have taken up the bill fixing the term of COL
lecters Of internal revenue. Mr.. Edmunds,
vhe said he favored the bill, desired more
time TO prepare an amendment adding many
other o0cers Of the United States. Mr.. In
ealls here rose and read from Becks speech
on the tariff O. followa: ~ would promptlv
repeal the arrears of peusion act I, 81,
conceived in ain and broueb, f,,,h in ;r;or;,x
II l. : maud upon tho nsr;csn naoria .nd
. ss.nain, monumsn, - ;.ro..np. ,s"S ~.
nee,. and covariice Of the an,sr;c.n CO...
errss. He aid hsy;n, introduced Tho n,ss..
vre and having been chairmsn of ,h. com.
mittee on pensions when il passed. he pro-
posed to give the Senator an opportunity to
nruvs his alles.tions nj, ovn hsl;.f -,
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