The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-12-14
properly equipping the coast doiensss

properly equipping the coast defsnses
aud for the construction OF shipe.
Mr.. Townshend Ill1: By request,
granting the use OF the hall 81 the
House ON the evenings Of January
18th, 20ih and 9th to the National
Woman's Suffrage Convention.
By Mr.. Allen Mass Granting the
pension TO postal railway clerks who
have become aged or disabled in the
service.
By Mr.. Mofatt (Mcb.): Granting
thefrsnking privilege to inmates Of the
Soldiers Homes.
By Mr. Hewitt IN. ": Authorizing
the Secretary OF the Treasury to aut.c-
psts the payment Of the interest on
the bonded debt OF the United States
ard TO provide for special deposits OF
the public money.
BY Mr.. Weaver Qa.): A resolution
calling on the Secretary OF the Treas
ury for information as to whether any
portion Of he money appfop lated by
the sundry civil bill of last year has
been expended in issuing Treasury
notes of large denominations in lieu
Of small denominations Cancelled and
retired; also, as TO how many 81 and
81 notss have been cancelled and de-
stIoyed since the passage OF that act,
and by wha. authority said note have
been destroyed, and how many OF
said notes were mutilated notes, and
whether notes OF like denomination
were issued in their stead. The fol-
lowing is the text Of the bill:
SEorIos |. That out Of any money In the
Treasury not otherwise appropriated, the
Secretary Of the Treasury Is hereby author
lied and empowered 10 antioipat the pay
ment Of so much Of the interest on the in ter
est bearing bonds OF the United states as
shall be in excess Of the rate of 3por cent.
per annum, by the payment In gross of such
sum in each eaae as shall be equal TO the
aggregate present worth of such excess ofin-
terost thereon, and for the purpose Of ascer.
tanning such present worth, the interest up
on the amount pad by the United States In
anticipation Of 'uch excess of interest shall
be computed at the rate Of 8 per cent. per
annum, reinvestod quartorly :, so as to secure
10 tho United states the benefit OF COM
pound interest thereon.
SEQ. 2 That when such payment Of inter-
ost, In anticipation Of the majority thereof
shall have been accepted y any holder Of
the blnded indebtedness Of the United
States, the bonds shall be distinutiy stamped
and properly indorfed in such manner as
tho Secretary o the Treasury may prescribe,
so as TO show the reduced rate Of interest
coupons. If any. shall be cut Oh and can
oeled, and for tho coupons so cancelled
shall be substituted new % upons bearing the
reduced rate Of interest, and tho bonds SO
stamped shall be receiv ible by the Comp
troller Of the Currency rs security for the
issue Of the circulating notes Of any national
banking association TO the full extent OF the
par value of the said bonds, instead Of 90 per
cent. Asnow required by law.
SEQ. 5: ihgt 1t shall be lawful for the SEQ
rotary Of the Treasury to deposit from time
70 time with any national ban king associs-
ton any portion of tho money in the Treasu-
~ not otherwise appropriated. upon the Sc
cuTity OF an equal amount OF the bonded or
other indebtedness of the United States
ite thus made shall not at any time exceed
100000 900; and ell such deposits shall be
subject TO call upon such notice as teh Secre-
tary of the Treasury mar soc ct to prescribe
BY Mr.. White (Pa.): For the free
coinage of silver.
BY Mr.. Grout W.T.: to enable the
people to name their own postmasters
BY Mr.. Cox IN. o.: Fixing the sal.
ary Of the OWL Service Commissioners
at $4,000.
by M. oprloger, klll FOR tue al
mission into the Union OF Dakota
Montana, Washington and New Mex
leo.
BY Mr.. ThIockmorton (Tex j: Pro.
viding for the leasing Of unoocupied
Indian lands.
By Dir. Holmes ia j. To quiet the
title of settlers on the Des Moinef
river lands
The Speaker laid before the House
supplemental report from the Secre.
tRTy OF the Treasury relative TO the col.
ton of customs duties. Referred.
The House then adjourned,