Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-01-16
rHE HOUSE or RKPRE. ENTATIvFs.

THE HOUSE or RKPREs INITIATIVES.
The speaker laid before the house
this morning Rn estimate from the
commissioners of the District of Co
lumbla for an appropriation of $50, 900
to enable them to maintain public or
der during the cerem onits attending
the dedication of the Washington
monument and the Inauguration of
the next president. Ref FRED.
The house then, under special or
der, proceeded to the consideration of
the Mcpherson funding bill.
Mr. Henley of California wished to
antagonize IL with the question Of con-
sideration, but the speaker ruled that
such question could not be raised
against a special order.
Mr.. Henley gave notice that he
would on Saturday press the Northern
| Pacific lRnd-gTant bill for action.
The Mcpherson funding bill being
under discussion, Mr.. Wilkins OF
| Ohio explained that the simple pro.
vision OF the bill was to increase the
circulation OF national bank notes from
! niueiy Per cent. of the bonds deposited
to secure circulation to 100 per cent.
Mr.. Taylor of Ohio opposed the
measure because II sought 70 perpetu-
ate the national bank currency. He
advocated greenback currency and
pictured the services which the
greenbaok had rendered the
Union during the war He
maintained that, as a matter of good
faith, no member who WAS stock
holder in ally national bank should
speak or vote on this measure. He
gave notice otan amendment exclud-
ing from the provisions of the bill any
bank which refused to receive the
standard silver dollar ON deposit or to
pay 1t over its counter on the same
terms as gold
Mr. Cook of Iowa and Mr.. Brumm
OF Pennsylvania opposed the bill.
Mr.. Henderson of Iowa supported
the MEASURE, declaring 10 in the inter
est of the people and not in the inter
est of banks.
Mr.. Shively OF Indiana said that the
bill WAS u prOpOsi ION TO make an sp.
preparation OF S32 600 600 TO the nation
al banks, without asking any compen.
sation TO the government in return.
Mr.. ErmenlTout of Pennsylvania
maintained that If the Democrats
would take the Chicago platform AZ
the guide on this question, they must
favor the pending measure.
Mr.. Potter of New YORK opposed the
bill. He gave notice OF motion Ia
reeommit the bill with instructions "a
the committee on banking and curren-
cy TO report back bill To refund the
bonded debt OF the United States at q
per cent. interest, TO reduce the taxa
ton upon circulating bank note cur.
rency and to secure such currency
against unnecessary disturbance
aud ductuatlon by applying
the national revenues economically
10 the payment of the national debt
etc. Mr. Hewitt Of New York thought
that the vote Of New York city would
be found cast against the pending bill
He opposed the bill and favored the
measure proposed by bis colleague
potter
Me- Warner of Ohio offered an
amendment authorizing the secretary
81 the treasury, whenever the ciroulat
ing notes Of the national bank
70 issue United Staiep
notes Of sufficient amount 10 keen the
volume of paper currency at all times
at a total ~ $3.50 600 0OO
MIR wilkins then demanded the
previous question ON the bill and
amendments, pending which Mr..
Mills moved that the house adjourn
aud pending this that it adjourn to
meet Saturday next. which latter mo-
lion was lost 80 10 1884.
Mr. Mills then pressed his motion 10
adjourn, stating that the Democrats
wished TO hold a caucus.
The motion WAS carried yeas, 1870;
nays, ll2. While thia was ia no sense