The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1886-07-31

of the Treasury shall, beginning Sept. 6. 1886.
until thirty days after the meeting Of the sec
ond session of the Forty Congress, apply
the surpluss in excess of 00O00000 in the
Treasury in sums not less than SIC, OOO, 600 per
month to the payment Of the interest bearing
Indebtedness of the United States. payable at
the option of the. government Rejected
yeas %, nays 38
nays 2O-as follows:
Yeas--Aldrich Allison, Blair, Brown, Call. Cam
den. Cameron Chace Conger. Cullom, Dawes. Dolph.
Edmunds Evarts, Frye, Gibson, German, Gray, Hale
Kenna, Mcmillan, Mcpherson. Malone. Miller,
Palmer, Payne, Plat. Pugh, Riddleberger, Sabin,
Sewell, Sherman. Spconer, Van Wyck Walthal. VIII
Nays-Beck, Berry, Blackburn Butler, Cockrell
Coke, Eusts, Harris, Ingalls,, Jones (Ark.). Maxey
Mitchell t0re Plumb Stanford, Teller Vance Vest
VOORHEES,, Whitthorne, Wilson ia 20.
The JOINT resolution, rs passed, is as follows:
Be it enacted etc. That whenever the surplus or
balance IN the Treasury including the amount held for
redemption of United States notes shall exceed the
sum OF 500 600 OOO it shall be and hereby made
such excess, in sums not less than ten millions per
month during the existence of any such surplus or
excess to the payment of the inter bearing ndeb
edness of the United States payable at the option of
the government The surplus balance herein
ferred to shall be the available surplus ascertained
according TO the form of statement OF the United
States Treasurer OF the assets and liabilities of the
Treasury of the United States employed on June
oU, 1886 provided that no call shall be made under
the provisions of this resolution until sum
equal to the call is in the Treasury over and
above the reserve herein mentioned; and provided,
further that the Secretary of the Treasury in his dis
erection. may have in the Treasury and above the
foregoing sums, working balance not exceeding
twenty million dollars; and whenever in the case of
any extraordinary emergency not now existing, and
when because thereof in the opinion of the Pres
dent the public interests shall require it. he may by
written order direct the Secretary of the Treasury to
suspend the further call for the payment of such in
debtedness for such period of time shall be
to maintain the public credit unmpaired and that
such suspension. and the therefor shall be
ported to Congress within ten days after the next
meeting, or immediately if Congress shall be il ses-
sion
hereof, United States trade dollars, if not defaced
mutated stamped shall be received at their face
value in payment of all dues to the United States
and shall not be again paid out or in any other
ssued that the holder of any United States trade
dollars during the period aforesaid on presentation
sistant Treasury of the United States may receive in
exchange therefor like amount and value dollar for
dollar in standard silver dollars in subsidiary CON-
at the option of the holder and of the United States
The House bill to increase the naval estab-
lishment was then taken up and amended
Mr. Whitthorne. member of the naval COM
mittee, expressed his regret that he could not
concur with the majority Of the committee. The
gravest error. he thought, would be committed
in the expenditure for the completion of the
monitors 1t would be better to sink the money
in mid-ocean than to lead that country to rely on
those monitors. which were not worth cent.
The amendments were agreed to and the bill
passed.
A conference was asked, and Messrs. Gamer
on. Hale and Mcpherson appointed coEferees.
The Senate then adjourned.