The McCook tribune. (McCook, Neb.) 1886-1936, 1886-12-23
LEGISLATIVE NEWS AND NOTES.


LEGLSLATIVE NEWS AND NOTES.
4 Record of Proceedings In Both Branches
of the U. S. Congress.
i1UsE, Dec. 1.-THE speaker al.
the appointment OF Morrison, Harris, ant
Mckinley as conferees on the Fractional
gallon bill. and Cobb, Van Eaton, and Pay.
son on the Allen landlord bill. Payson
OILY, on behalf OF the committee on public
lands, called up the bill declaring the for
fixture of the Ontonagon and Brule River
land grant. The bill was passed without
revision. 1T ~forfeits $4,000 %acres.] The
house then went into committee OF the
whole on the sundry civil appropriation
bill. In the course OF the general debate
Lanham, of Texas, made anappeal in favor
Of the redemption OF the trade dollar, and
abiding 20 the standard silver dollar, he
declared that it's coinage would never 10
suspended no matter who might argue to tia
contrary. Pending further discussion thu
committee rose and the house adjourned
SENATE, Dec. 13.-On motion OF Senator
Huar, the electoral count bill, as received
from the house, was laid on the table and
ordered printed. Senator Morrill, also OF
ferred IL resolution %instructing the commit
tee on nance to examine as to the expedi-
ence OF some practical measure for the
maintenance OF d system OF national banks
with ample security and without additional
cost to the government. Referred to the
committee on finance. Senator Morrilps
resolution declaring the promise of making
proper revision Of the tariff at the present
s-ssion obviously hopeless and Impractical
BILE was laid over. A nieCedgu tIom fhe
house was presented OH the subject OF the
death of Representative Dowdney, OF New
York. A resolution was adopted for the
appointment Of a committee to attend vi.
funeral, eeueators Miller, Ransom and
Voorhees, being appointed such committee,
and as a mark OF respect for the deceased
the senate adjourned.
HOUSE, Dec. 13.-Mr. Hewitt introduced
a resolution authorizing the secretary Of
the treasury to anticipate the payment OF
interest on the bonded debt of the United
States, and to provide for special deposit
OF the public money. The following is the
text Of the bill: Section 1. That out OF
the moneys in the treasury not otherwise
appropriated the secretary OF the treasury
is hereby authorized and empowered to an
ticipate the payment of so much of the in
terest on the interest bearing bonds OF the
United States IFS shall be in excess OF the
rate of 3 per cent per mum by the pay
nent in gross OF such sun in each case as
shall be equal to the aggregate present
worth OF such excess and interest thereon.
And, for the purpose of ascertaining such
present worth, the interest upon the
amount paid by the United States, in an
ticipation of such of the interest, shall De
computed at the rate OF 9 per cent per an
mum, reinvested quarterly SO as to secure
to the United States the benefit OF COM
pound interest thereon. Section 2. That
when such payment of interest in anticipa-
ton of maturity thereof shall have
been accepted by any holder OF
bonded indebtedness OF the United
States, the bords shall be dis
tinctly stamped and properly endorsed IN
such manner as the secretary OF the treas
ury may prescribe, so as to show the re-
duced rate of interest thereafter to be paid
thereon; and the coupons, il any shall be
cut off and cancelled. and for coupons so
cancelled shall be substituted new coupons
bearing the reduced rate of interest, and
the bonds So stamped shall be receivable
by the comptroller OF the currency as
security Tor the issue OF circulating notes OF
any national banking assoc alton to the
full extent of the par value OF said bonds
instead of 80 per cent as o required by
law. Section 3. That it shall be lawful for
the secretary of the treasury to deposit
from time to time with any national bank
ing association any portion of the money
in the treasury not otherwise appropriated,
upons security Of an equal amount OF bonded
or other indebtedness OF the United States;
provided, the whole amount OF special de-
posts thus made shall not exceed $780,
600, 900, and all such deposits shall be
subject to call upon such notice as the
secretary OF the treasury may see tit to
prescribe.
SENATE, Dec. 14.-The committee on
finance reported back ~favorably a bill for
the retirement and recoinage OF the trade
dollar and IL bill to prevent frauds on the
American manufacturers calendar. Harrl-
son introduced u bill to increase the pen
sion of those who have disabilities equiva-
lent to the loss of q hand or foot. House
amendments to the electoral count bill
were non-concurred III, and the conference
was asked for. Senator Edmunds and
Pugh were appointed c%onferes on the part
OF the senate. Senator Mcpherson intro
duced a bill to amend the oleomargarine
bill. Referred. Also a bill for the presen-
tation OF medals to each of the officers and
soldiers who volunteered for three-months
service under the presidents call OF April
Is. 1861.
lloOoEs 70 Z. Az oDN"NS is'' wv
the house a letter from the secretary OF the
treasury, submitting a book Of estimates
for the fiscal year 1888. and also a letter
from the secretary OF war, transmitting Il
report OF tests OF iron and steel. Referred.
The committee on foreign affairs reported
back the resolution calling on the secretary
of the treasury for information as to what
Interpretation is given by the treasury de-
partment to the turiff law of 1883, which
in one section declares that fish fresh for
immediate consumption shall be free of tax
OH arrival at our sea and LAM ports, and
in another section declares that foreign fish
imported fresh shall be taxed at the rate OF
SO cents per 100 pounds. The sundry civil
bill WAS discussed in committee OF the
whole until adjournment.
HOUSE, Dec. 15.-On motion OF Mr.. War
ner (Mo.) Il bill was passed bringing the
cities OF Atlanta. Galveston, st. Paul, Min
neapolis, indianapolis, Kansas City and
Omaha under the provisions of sections 5
and 191, r. s., which requires national
. banks in certain cities to keep on hand, in
money Of the United States. a sum equal
to twenty-five per cent Of their circulation
and deposits, The house then went into
committee OF the whole. Hammond OF
Georgia in the chair. on the sundry civil
appropriation bill. Mr.. Burns (Mo.), from
the committee on appropriations. reported
N Iill 70 ctrp,l,. {l,a no .- -,