The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-02-15
Forty-Eighth Congress Il 'st Sc
SkhAwr

WASHINGTON, Feb. IA The chair laid
before the senat, the testimony taken by
the committee 10 Investigated the official
conduct OF ex.Supervising Architect Hill.
Referred.
Mr.. Voorhees, offered a resolution re-
quoting the secretary Of the interior to
suspend The approved OF Indemnity land
selections made by the Northern Pacific
railroad comJanv. Referred 10 the con-
nit ee on public lands.
The senate then took up the bill making
all public roads and highway post roads.
Ii was debated by Messrs Plumb, Hale,
Maxey and Sawyer, aud after slight
amend ment passed.
The renaie then took up the bill for the
T, lief OF the Louisiana state bank, permit
ting t1st bank, notwithstanding the STAT
ute of mltati0ns u present TO the court OF
claims i,s cain FIR cotton taken ny the
Ubited States iH le0).
Mr.. JacXson. who reported the bill, said
the claim was for SGl bales OF cotton, worth
$4,000
ARR debate the bill psssed-32 20 10.
MIR. Beck e, l.u Mp Mr.. McPntrsOn's bill
relauve 10 ualioDtl bank circulation. sni
spoke at some length III its favor. Inc
banks were out of politics now, he said and
nobody opposed them. THIS was meas
ure necessary for the country; AS the Uni'
ted 3 atts government ony expected to
psy par tor Ike banks, there was no hardship
| in the provision OF the hi limiting the
issue to par values. We were prosperous
now, Mr.. Beck said, but may net always
| be- 80, aud Is woult not 10 TO
base circulation, Is had been
proposed by some OF tne amendments TO
the pending bill, on the market value oi
bonds. We might have wars or psnics,
/ ....i., a hNp Ia natt "A
q week, ana ine currency .would be coz
tracted just to the extent the bonds would
fall; so tine United s aies, when called npon
most loudly to sustain it's credit, would be
compe | ID 10 contract its curr. ncy 1t II time
wnen We ought 10 be maiht aiming our credit
higher t1sa ev'r.
NJ. Morrill, offered the following bill as a
eubsii ute:
That upon tia deposit of United State,
bonds. as required by law, any national
| bank or Dstion.l banking association max
| ing the came sht II be enulled to receive
| from the secretary OF the treasury circuls,-
| ing rotes of different denominations in
blank, registered and countersigned, pro-
vided by law, a. foliows: On United Sta,es
4 per Gel {. bonds depoei ed pr,or to Jsnu-
AIRY let 1890. an amount tqusl to ITO per
cent. OF the par value of such bonds; pro
viced, the issues OF circulating notes upon
per cent. bonds dep0si ed OF held 10 the
hr,t year succeeding January lst, ls9),
sh, II not exceed lC9 per cent. OF the par
valus Of such boDns, and that the issue on
such 4 per cent bonds, deposii.d
wear shsl be per cent.
IL g than Ia the year preceding until toe
| limit OF the issue oi such circulating note
| is reduced IT, pal: aud provided fntthtr,
that on deposit o. any bonds Of the United
States now su,hofztd by law, exert a.
/ herein Th.Iwte provi ed, circulating
/ notes may ne issutd 10 an amount not et-
q ,d,nr IN. par value Of sucn bonds aud a.
| no time shall the tUtsi smouut oi sucb
notes issneh to any association exceed tue
am"u',,t .ncn time acIuslly paid In OF IT.
capt. ! siucl.
Ibni sss.ciations and organizations Tor
the purpnr.e of issuing notes payable In
gold ", der q provisions OF s'c'ion 5ls5 %
IN. Revised Ststnles ot the u 4 ed oaies
upon N. Il post Of any United States
/ bonds b rrius intetsS' p-yspi. 10 ptl ~ih
th. Treasurer OF tnr Unit.d It hss, sls o-
pui II a 20 receive notes to tue amount an :
IA ~. m.tu.r piescribed IN this act Tor
oih.r ~ .'or nai kihg sss ici' tom.
Mr. V,s i-r.d an -m.hdmsnt, which
he s.l,u sud "hisired ave 10 bsve prini'
90. pi"vicins tnat tn- secr'trs OF the
tr.a,u,y shail h-ve irrasur, nniss engraved
In v. l. ~ dtunniinAtivns paysti' on d.
mand n, tie .ffir- ~ tn. ~ s.isisnt ir"ssur-
er. y v ot S-x Ynk. W standard rel ~
siv-' coir. wher piesrntrd ,uns at NJ
ie.s tn-u .lio; ard ~hen.vers naufs 81
IN. u ed States BIO me sn' o. to r.
rpm, ton and sre d-tosied With the
Treasurer 81 the Un,sed stu-s ..
la escuri,v tor the O rcu'etir =
notes Of any ns'ionsi banking rs .cis ion
the secretary Of the ueasury 10 sutscr ssd