Telegram-herald., 1886-07-14

"lA' 20 An "H f'NfrrlH Atth "a .iIl
io gold snl silver coin. tnAf na coin Cer
uacats, shall be issued of higher iennmi
/ nations than $500. and tlat at least tNo
/ thirds ot suct certificates outstanding a
/ anytime shall be 9f denominations not eN
/ c-ed dus 800
The Bou-e.
WAsmNcIoN. july l3- In the House TO-
4 dsy Mr. Be,kearidse. Of Kentucky. called
up and the House passed the b,l. repeating
section 5.l5l Revised Statutes, providing fl
the appointment, of inspections of tobacco
cigars and snuff It provides that mana.
iactured tobacco, cigars aud snuT may be-
removed for export 10 foreign countries
without TIE payment of tax under such
regulations and the making of such entries
ami The filing Of such bonds aud bills OF
lading as the Commissioner Of Internal
Revenue WIKI the approval OF the Se,rc-
taTY of tie Treasury. snail prescribe Sir
Iewett. of New York. called up and the
House passed the bill amending Section
. OF the act 10 amend the statutes
in relation to the immediate transportation
of dutiaoie goods. The report says. BY
this OIl the existing law Is amen led 50 as
10 permit merchandise To be earned Dy ex-
press companies In pouches as well as in
safes and trunks, and also corded aud sealed
IN such manner as shall be prescribed by
the Secretary OF the Treasury. 10 be
carried I'm ordinary ears instead of separate
vehicles provided for that purpose. By the
existing law passengers baggage is not pro-
ylded tOr. The proposed bill Will permit
such baggage and effects 70 be carried by
express companies in the same manner
as other merchandise may in
accordance with existing laws be
carried and the provisions of the existing
laws are made applicable 10 rates winch are
bonded for Doth land ana water carriage.
Dir. Kelley Of Pennsy lvania, called up the bill
amending the statutes in relation 10 the i'm
mediate transportation Of durable goods,
and IL was passed
Mr. Morrison called up and the House
passed The bill repeating 50 much of section
5,3l4 revised statutes, as allows TO Collectors
OF Internal Revenue commissions on taxes
collected on distilled spirits. On motion of
MIR. Morrison the bill was passed reducing 10
500 with az additional 500 for each person
employed IA making cigars, the amount
of the bond 20 be given bv
manufacturers of cigars. The House then
went into committee of the whole on the
joint resolution directing payment of the
surplus ia the treasury OH public debt Mr.
Morrison said that all the money N the
country amounted 10 Sl.55GUOJO0O OF
TINS >32), 600 900. or more than Oue-ihird of
ali the money ia the country, was iu the
treasury at the time the Joint resolution had
been introduced Deducting all the sums
which were in the treasury tor specific pur-
poses designated by law and kept for cur
rent or running expenses there remained in
the trc. -ury about about two hundred
million dtl4 irs, inciUding that which was
held a4 b.
United Sta,es notes The amount ID be
held f,r re ,cuing lnited States notes was
not LXcI hy law. it was a SOFT of
discretionary RESERVE As the reserve was
not hNeu TIE suf pius could not bee exactly
stated. Under Iyrm-r Secretaries OF the
Treasury the custom had been TO estimate
the reserve AT Sl00, 100000. OF tins about
S2N 100000 was unavailable. beinc
made up Of fractional coin. So that
all tie money that would be
reached under this resolution would he
about S70,000.O0O Il would make product
i've that which was now unproduciive and
useless 10 would DO something toward
making money little cheauer 10 would
save the Government something In interest
and take away 5Omeihing of that termination
which led men 10 vote large appropriations
and make imprOyident Expenditures.
He denied the statement made bv
the minority that the resolution
would have the effect of shaking public
confidence. Mr. Brown. Of Indiana. sng-
gested the minority was in good company.
Mr. Morrison, referring TO Mr. Hewitt as Tie
good company. said thh gentleman
thought the working balance of the reserve
should be- sl6s, ,pDUuu.
Mr. Brown-"I was talking about the
gentleman from New YORK az the other end
Of The avenue"
Nr. Morrison an gentlemen from New
York are to bee ciassed together on this CUES
ton. Taere is a bare possibility that having
more money than We have they understand /
the question better
Nr Morrison. during the course Of fur
her remarks. maintained that SlD0 000 90 I
was a sufficient redemption fund and point /
ed out that oniy Sl0ooUO00 was held In the I
the treasury 90 enable the Government 10 4
redeem national. bank notes in case of failure T
9i tbe banks. Ia concluding Mr Morrison T.
denied that toe purpose or effect oi the res
1Iauou was go place the country on silver /
basis. Mr. liiSsecs offered 81 amendment
providing that nothing iu the resolution
shall authorize ihe reduction of tne $780, +
"n"r re.erve ST apart for paw
meuf of United States notes on the Interest
bearing de3i of tae iuifel States he op-
posed the resolution declared that be- had +.
been brought before fhe House against nro-
esf ef tae democratic administration. and +
Herac'e erEe1 If as an attempt Oh the Iarf af f
le leaders at tle House fn force TIE nav
1lfnf of the Narona ofat and obligations in
.Fer. O. f.rre tae government iu ifs hnsff- f
.aI transfrrfou- fe SILVER basis
Flioh fNe administration determinedlr
.fs'-tfi if was practically impossible D.
Keraie fhe .ainf F-soI ltion without using
g. eIFer dollars slI ri them possibly