The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-12-21
Thu NATIONAL COlGRESS
BILLS INTRODUCED INTO THE
SENATE AND HOUSE.
The Missouri Claims TO Be Exam
ined-Inqulries Into the Ma
tiOnal Banks

Wv Va SeNS WANh NNAAeA ohN CSeha
Senator Vest introduced substitute for
the oil TO III corporate the Atlantic and Pa
cifo Railway Company, and ,sted that it
simply provided for naked Moor poratiOn
of the cor pany without any guarantee by
tho government. Made special order for seq
ond Tuesday In Janu. ry.
Senator George offered a resolution in
structing the judiciary Committee to Inquire
into the power Of Federal courts over railroad
receiverships. Laid over.
On motion Of Senator Hoar, the Pacific
railroad iunding bill was ostponed as a
January. He expressed the b pc that in tbs
mean time the matter would be AIKEN up IN
the House and disposed OF in one way or the
other.
olaring the forfeiture Of lands Of Ne New
Ofloaps, Baton Rouge and Vicksburg lbaok-
bOne) railroad was postpone ~ q special or
der until the second We'd nesd In January.
Senator Aldrioh offered concurrent reso-
luton requesting the President to enter into
negotiations with the governments Of the
several sugar producing countries Of the
world with n view of securing mi tual agree
ments by which the U . tied states shall agree
10 admit free Of duty (sugar and molsssesl
the product of such countries, or their colon
les, when transported n vessels under the
1ag Of either contracting party and on
which sugar and mOlasses no export tax m
export charges has been levied, on condition
respective countries or sugar producing col
onies free Of duty the mineral, agricultural
and manufactured products OF this United
States. Laid on the table.
Senators Spooner ano Manderson were, on
thor own request, excused from further
service on the Com nittee on Euidem mic Dis
eases and on tho Committee of Transports
ton to the Seabogrd, respectively.
The following bills aud resolutions were
taken up and passed;
The Senate bill for the relief of Bessie s.
al more. TO redeem three United States
bonds stolen from her and atterward de-
stroyed by the tn et)
House bill for the relief Of Patterson *
Cald sell, Of Hamilton, o.
Senate Joint tesoutiOn authorizing the
Secretary OF War to accept tract Of land on
Lake Michigan, twenty-five mules from Chi
oagO, donated by the Commercial Club, OF
Chicago. for military purposes.
Senate bill for the examination of claims OF
the State of Missouri on account OF pay
ments to her militia for services in suppress
ing the rebellion.
The House bill for the rsiel of the surviv-
ors OF the exploring steamer Jeanette, and
the widows and children Of those who perish
cd In the retreat from the wreck OF that YES
sci In the Arctic seas.
So ator Blair introduced a bill to allow
soldiers and sailOrs who have lost both arms
an increased pension. Referred.
The President pro tenn. announced the fol-
lowing appointments to committees;
man in place of senator Pike, deceased; aud
Sen Ator Cheney in place of Senator epooner.
Dist'to, Of Columbia-Senator Cheney in
place Of senator Pike; Civil Service, Sena-
tor Williams In place of Senator Pike; on
Epidemic Diseases, Senator Cheney in place
Of senator Spoono; on ImIroyemen OF the
Mississippi River, Senator Williams 10 place
Of Senator Pike; on Transportation Routes
to the Seaboard, Senator Williams in place
of Senator Man terson, resigned.
The House bill to grant the Maricopa and
Phmnix Railroad Company, Of Arizona, the
right of way through the GilA River, Indian
Reservation was taken up, amended and
passed, and q conference asked.
Further bills were taken up and passed az
follows; Senate bill to construct a road to
the National Cemetery at Corinth, Miss. I;
House bill for the relief Of Charles A. Ruffee,
an Indian agent.
The Senate then went into secret session.
and when the doors were opened adjourned.
HOUSE.
WASHINGTON, December 20 - Mr..
wilkins (0hiol, from the Committee on
Banking and Currency, reported back tho
Viewer resolution calling on the Secretary
of tho Treasury for the following informa-
ton; FRS Whether any portion of the
money appropriated by the sandry civil bill
of last year hai been expended in Issuing
Treasury notes OF large denomination in lieu
OF notes of nall denomination destroyed or
oanoeled7 Second-how many, If any, 81
and 81 notes have been cancelled and de-
stroyed Binoo 0 passage oil the act, by what
authority they were de troyed and W at sum
was expended Ia their destruction? Third
How macy ofsuch notes were mutilated and
whether notes Of like denomination were is
sued In their stead2 TIE resolution was
adopted.
MIR, Morrison, 10 the House this afternoon,
introduced reso ution for holiday recess
from December 20 to January4.
Mr.. H,soock then called up his motion to
md h Arttl LA n M mn IA IA nj In
~ duties on Sumatra tobacco. The motion
was voted down by ote of 90 yeas to l65
nays.
and resolutions we're introduced and re-
BY Mr. Townshcnd Ull.); A resolution
calling for OK cutive information. The fol
lowing is the text of tho resolution:
Resotped, That the Secretary of tho Treas
ury be requested 10 ascertain whether any
national banking association located in the
city OF New YORK. has, during the past
mouth, loaned 1t surplus money or deposits
to brokers' or other persons operating In
stocks and bonds, without security and
merely upon the receipt OF interest on the
same, for the purpose OF enabling the specu-
lator n lock up and prevent the use ofmoney
In business transactions, and thereby pro-
duoe n scarcity of money anu greatly increase
the rates of interest on loans; and also
whether, during the same Deriud, any of said
banks for the purpose aforesaid, knowingly
permitted the total liability OF any person,
corporal, or hrm to exceed the amount
limited by statute in such cases; and hat
the said Secretary report all facts TO this
House rs soon as practicable, with such re-
Communications as he may deem proper.
By Mr. Taulbee (ky): A resolution re-
that the Secretary OF the Treasury has paid
| interest on a certain bonded indebtedness of
the United Stats before said Indebtedness
was due and without rebate, and that 1t is
made for tho purpose Of affectir the murket
value Of certain stocks in Wall street., and
requesting the Secretary to inform the
House II such interest has Teen so paid, and
II so Nhy and by VIII authority.
by MIR. Fndlay (MdD: To prescribe the
rate Of standard silver for certin coins Of
| the United States; to enlarge the legal
| TO nder quality Of the half dollar, and to per-
init the issue Of silver certificates on dc.
| posts Of the same.
Mr.. Dingioy (ue introduced 4 long reso-
luton instructing. tho Committee on Naval
| Affairs to inquire into the expediency OF the
Secretary of the Navy in the construction Of
| voseels for the navy no eatter, TO invite pro.
| posals on such terms as viii best secure the
establishment o. new iron and steel shiT
! bui ding yards at desirable points on the At
lantc Pa ifo and Gulf coasts.
By Mr., Cox IN. Y }; A joint resolution di'
recung the Committee on Appropriations 70
prssoat to the House suitable plan of Opasi
! defense,
| BY Mr.. Wilkins I0); To reduce the
| amount Of deposit of United States bonds To
be reQu red Of national bank and to estorC
TO the channels OF trade tho oxc ssive accu-
| mutations OF lawful money In the Treasury,
BY MIR. Warner t0.J; To provide for the
| investment of the lawful money dep sited
| in the Treasury by national banks for the
redemption OF their circulating Noes
| The following IL the text Of the bill
SIC. |. That the Secret ny Of the Treasury
be and is hereby author zed and required Il
invest 90 per cent of the lawful money De,
| posted with tho treasurer Of tho United
States Mt the date OF the passage of this act
and 90 per cent. Of all tuoh money hereafter
deposited Tor tho redemption Of the circulat
ing notes OF national banks, as provided b.
section 4, Of the act OF June 20, 1874, RnC
amondm ents thereto, In the United State
bonds not subject TO call, ut the loves
market rates. Tho bonds 80 purchased shall
be he'd in the Tre sury in lieu Of such Law
full money to secure the redemption of tn,
| circulating notes of national banks.
SEQ. a That tho interest on the bOn d.
purchased ~ Iequ red In this act as the sam,
aooraes shall DO covered into tho Treasury
and whenever the bonds, at their par value
! exceed the amount Of the Outstanding circu
lating n tes Of national banks, for tho re
demption OF which Lawful money has beer
deposited the excess OF the bonds over suot
outstanding circulating notes shall be can
coled and destroyed,
Sec. 3. That tho circulating note Of tn,