Morning journal and courier., 1886-08-05
FORTY-NINTH CONGRESS.
WASHINGTON, Aug. A.. Il

f.
SENATE-In reply to inquiry by Mr..
Ingalls, as to the condition of public business,
Mr.. Allison stated that the deficiency bill,
sundry civil bill and river and harbor bill
had just been signed by the presiding officer
and were now on their way to the President.
The Notifications bill has passed both houses.
The Senate has asked conference, but the
House has not acted on the request. The
Senate at noon went into secret session.
AT 1880 the doors were reopened. The
bill granting an increase of pensions to sol
dlers who lost leg an arm in the service
was received from the House with verbal
amendment which was agreed to and the bill
again sent to the President, from whom it
had been recalled.
The Senate then took up the Senate bi II ex-
tending the Immediate delivery" system
and it was passed.
Mr.. Allison called up the adjournment
resolution and offered an amendment as
to make the hour 10 O'Clock to -night Messrs.
Kenua and Hoar hoped the President would
be given time to read the deficiency, sundry
civil and river and harbor bills and the ad-
iournment resolutions would not be pressed.
After considerable discussion Mr.. Allison
yielded to the requests of the gentlemen.
On motion of Mr.. Plumb the House
landlord bill, restricting the ownership of
real estate in the territories to American
citizens, was substituted by practically the
same measure which the conference failed to
dered.
On motion of Mr.. Hoar the vetoed pension
bill of Margaret D. Marchand was taken up.
After the reading of the report Mr.. Whit
tehorne, a member of the Pension committee,
moved to postpone the bill till the first We'd
nesday after the next meeting of Congress.
Mr.. Sewell agreed to the motion and the
vetoed bill was postponed.
Mr. Allison, from the conference on the
surplus resolution, reported the committees
action. He called attention to the
fact that the only change in the
resolution as it passed the Senate
was the substitution of the Secretary of the
Treasury for the President as the person who
shall have the right to postpone (not suspend)
calls. Also the omission of the trade dollar
clause He presented summary of the eff
feet of the resolution if it should become
law The statement of assets and liabilities
as shown by the statement of the treasury on
July 81 showed balance of about $50, 000,-
900 as against balance of $75, 600, 900
on the 30th of June, there was
at this moment beyond the 100000, 900 in
gold dedicated to the redemption of green
backs and beyond the working balance sgreed
to by the resolution) surplus of $50, 000, 600
in the treasury to be applied to the payment
of the public debt. The receipts of the Gus
toms and internal revenue for July this year
exceeded by about So, 600, 900 the receipts for
July last year. He thought it might be safe
ly assumed that the revenue for
the current year would exceed
that of last year. The total amount of ap-
preparations for the current year Excluding
the Notifications bill and including the river
and harbor BILLY was 1864, 1888, 079, against
$21O, 500, 1888 for last year, an increase-ex-
Guiding the river and harbor bill-of about
$50, 900, 900. OF that increase SIG, 1000 900
were in pensions and 100000 in de-
ficiencies. For the ordinary expenses of the
government this years appropriations exceed
last years by $2,547, 1923. If all the
appropriations were expended during the
present fiscal year and the revenues should
be the same as last year there would still be
surplus of SAT 10000 over and above
penditures, not including the sinking fund.
With the surplus over and above liabilities
and the $50 900, 900 of the present balance of
eighty millions there would be paid under
the Joint resolution one hundred and seven
and half million dollars on the public debt
during the current year.
Mr. Beck suggested that the revenues from
customs and international revenue would be
fifteen or twenty per cent more than last
year.
Mr. Allison preferred to take the treasury
estimate, which was that the revenues would
be increased by twenty-five or thirty mil
lions.
Mr.. Beck-Last year the SEXUAL revenue
ran twenty-five or thirty millions more than
the treasury estimates.
Mr.. Allison-So it did. I desire to en-
phasiZe this statement. Assuming that the
revenues are the same as last year, and that
the expenses are kept within the appropria-
| tions which are thirty-three millions more
than last year, there will be paid during the
year one hundred and seven and half
millions on the public debt, or within TWEEN
ty nine millions of all debt that can be paid
until 1891. Judging from the past no detri-
ment is likely to occur if this joint resolution
shall become a law By this joint resolution
| 500, OO0, 900 in gold has been devoted and
| dedicated to the payment of the United
States notes and for no other purpose what
| ever. So that keeping in mind that we are
| to have law in this joint resolution
| which will put it out of the power
of the treasury to touch one dollar of that
hundred millions save for the purpose of re-
deeming United States notes, and consider
| ing the fact that we had on the first of Au-
gust surplus in gold money and bullion of
about $50, 0O0, 900, we can, have said, ap-
| ply one hundred and seven and a half mil
lions in this fiscal year to the payment of the
public debt.
| Mr.. Beck dissented from the idea that the
resolution compelled one hundred millions
to be reserved for United States notes.
Debate on this point ensued between
Messrs. Beck and Edmunds. The conference