Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1884-01-16
PORTYBIGRTn CONGRESS.
First Session.
WASHINGTON, Jan. Is.

-
The committee today continued the dis
cussion of Senator Sherman's bill to author
ize the secretary of the treasury to issue TO
national banks, currency to the amount OF so
per cent of the market value of bond de-
posted TO secure calculations and in connec-
ton with il.
Seastor AIdrich's bill TO facilitate the ex-
change Of four per cent bouds for three per
cent bonds was discussed at considerable
length No decision was reached.
During the discussion Senator Sherman
proposed an important amendment to his
own bill. designed TO meet the objection that
the measure would leave an amount Of circu-
lation upon a fuctuating standard He pro-
posed to authorize the secretary TO issue ma
tionsi bank notes up 10 80 per cent of the
face value of the three per cent bonds de-
posted as security for circulation. Where
higher rate bonds are deposited he proposed
to compute the interest above three per cent
and allow circulation to the amount of 80 per
cent of the aggr, gate interest over three per
cent for the whole time such bonds have to
run. Thus, four per cent. bonds having
rwenty-rhree years to run, being deposited as
security for circulation, would entitle the
bank depositing to receive currency at the
rate of Sil0 80, for each 500 bonds deposited.
that being 80 per cent. of the face value and
and 80 per cent additional for all excess of
interest over three per cent
numeroasly signed petition from the
citizens of Kansas was presented by Senator
Plumb, praying for the passage OF the con-
stitutional amendment comforting the right
of suffrage upon women.
Several petitions were presented by Sena-
Blair from the citizens of Minnesota, pray
ing that colonies of families may be allowed
to lay out villages on the public lands in or
der to establish cooperative industrial socie-
ties.
Mr. Anthony's resolution of some days ago,
regarding retaliatory legislation by the
United States to meet the exclusion of Amer
can meats from foreign countries was brought
up.
Mr.. Anthony called up his resolution, di.
recting the committee on foreign relations to
inquire into the expediency of legislation to
enable executive protection of American
interests against the government which have
prohibited or restrained the importation OF
| healthy American meats.
| Mr.. Logan said it ould seem as ifthe policy
of our country had been merely to keep things
moving in the hope that foreign government:
could be coaxed into reveking obnoxious de
crees His judgment was that the failure of foul
years diplomacy to set the matter right, was
that the only way to meet the difficulty wa,
BY excluding from the United States certain
| imports coming hither from the foreign coun
tries in question, and thus give those coun
| tries to understand that while certain SOUND
products of this country were excluded from
their ports, certain products OF theirs woulC
not be permitted to enter our ports.
! Mr. Ingalls, did not understand that for
eign governments had excluded healthy
meats He could not believe that while the
people of Germany and France were in neet
of our meats since the supply raised in theil
own countries was insufficient, they are max
ing groundless objections to the importation
of our meats.
| Mr. Mcpherson to show unfair discrimins
ton made abroad against meats from the
United States cited the case of Great Brit
ain. Cattle reaching Great Britain port:
from the United States are obliged to b.
slaughtered at the port of entry and conveyed
thence as dressed meats, and this applies L
all from the United States whether from in
| fected districts or from one VIGOROUSLY fret
, from infection, while the same drove of cat
tie if shipped from Canada after having beer
detained perhaps AZ hours longer on tn,
Journey is allowed on reaching Great Britain
to be carried all over the united kindgom.
Mr.. Miller thought the whole discussion
premature. He understood that in a few
days the State department would send to tn,
Senate the entire correspondence relating tc
the question involved and with that, no doubt
could come recommendation from the Pres
ident that a system OF inspection of expor
| meats be established.
The morning hour expired and the matter
! went over.
The Senate then went into executive SEES
sion and on the doors being reopened an or
der was made designating Senator Ingalls, t.
preside at the opening of the Senate tomor
row in case of the absence of the presiden
pro tempore.
Adjourned.