Morning journal and courier., 1886-07-14
FORTY-NINTH CONGRESS-.


 and laid over was the one authorizing the co1
 struction of a bridge over the MississipI l river at St. Louis. Mo.
 MT. Hampton called up the bill for th
 relief of the State or Georgia and offered l substitute for it which directs that ever State and territory and the District of Ce lumbia shall be credited under the distric
 tax act of August, 1861, with such addition al credits as they are entitled to have i | consequence of having paid an l portion of said tax without ex pense of collection to the United States an, also with such sums as have been collecte, l for lands or owners thereof and re mits and relinquishes all moneys due on quo l ta of such direct tax; and appropriate | money so refunded. The bill went over. This closed the work on the calendar. MT. Beck not being satisfied with the worl of the Committee on Appropriations ol coin certificates, he offered a sub United States notes shall be issued of de nominations less than $1O nor more thai $500; that tle denominations higher thar S2O shall not exceed in value more than one fourth of the whole amount outstanding that not more than one-fourth in value of tht of less denomination than $10; thai in all new issues 'tcoin'' cer- ti6cates shall be substituted for 'fsilver' certificates; that all gold and silver certif. cates now outstanding shall be retired if now owned by the United States or when they are received at the treasury and F'coin" cer- tifcates as herein provided issued in thei1 stead; that coin certificates shall be issued in denominations of $1, g and $5 on all the surplus coin and gold bullion held by the treasury in excess Of $100,000 ,000 and paid out in discharge of all these obligations ot the United States except such as are possibly payable in gold and silver coin &ln4 ooi, aho11 Ia oi higher denomination than $500 and that al least two-thirds of such certificates out standing at any time shall be of denomina. tion not exceeding $50.
 The Senate then resumed consideration of the river and harbor appropriation bill, the pending amendment being to strike out the provision to prevent the dumping of detri tus from hydraulic mining into the Sacra- mento or Feather rivers.
 The bill was completed in the Committee of the Whole and was reported to the Sen- ate. Without acting the amendments the Senate at midnight adjourned.
 HoUsE-After preliminary business the House resumed consideration of Senate amendments to the legislative appropriation bill. The Senate amendment relative to publication of the records of the rebellion was concurred in with the amendment re- ported from the Committee on Appropria- UlOuS TOT Gn0 Ol pdPSIS IcIdG1uSS to the defense in the case of Fitz John Por- ter.
 A conference was then asked upon the amendments which had been non-concurred in.
 NIT. Scranton, of Pennsylvania, presented petition signed by 2,500 Knights of Labor in his district urging legislation in the inter- est of labor, which was appropriately re- ferred.
 The floor, according to prior agreement, was then accorded to the Committee on Ways and Means. MT. Harris, of Georgia, on behalf of that committee called up the bill amending sections 3,362 and 3,363 of the revised statutes and it was passed.
 Mr Breckenridge, of Kentucky. called up and the House passed the bill repeating sec ton 3, 151 of the revised statutes providing for the appointment of inspectors of tobacco, cigars and snuff.
 Mr. Morrison called up and the House passed the bill repeating so much of section 3,314 of the revised statutes as allow to collectors of internal revenue commissions on taxes collected on distilled spirits
 On motion of MT. Morrison a bill was passed reducing to $250 with an additional $50 for each person employed in making ci- gars the amount of the bond to be given by manufacturers of cigars.
 The House then went into committee on the joint resolution directing the payment of the surplus in the treasury on the public debt. MT. Morrison said that all the money in the country amounted to $1, ,556, 900, 900. Of this, S525, ,000, 900 or more than one-third of all the money in the country was in the treasury at the time the resolution had been introduced Deducting the sums in the treasury for specific purposes designated by law and kept for current expenses there re- mained $200. 1000, 900, including that which was held for the purpose of redeeming Unit aI The rn ha hold for United States notes was not fixed by law. It was sort of discretionary re- serve. As the reserve was not fixed the sur plus could not be exactly stated. Under former Secretaries of the Treas ury the custom had been to estimate the reserve at S100,000,000 and it was the practice of the present Secretary to designate that sum as one of the liabilities of the gov Counting this reserve at $100,- 900, ,000 there was still surplus in the treas ury of $100,000, ,000 Of this about $2S, ,000,- 900 was unavailable, being made up of frac- tional coin. So ell the money that would be reached under this resolution would be about $70, 100000. It would save the government something in interest and take away some thing of that temptation which led men to vote large appropriations and make improvement expenditures. He denied the statement that the resolution would have the effect of shaking confidence.
 MT. Browne, of Indiana, suggested that the minority was in good company.
 MT. Harrison, referring to MT. Hewitt as the "good company" said that gentleman thought the working balance should be S1eS.- GOO 900.
 Mir Browne-I was talking about the gen. tleman from New York at the other end of the avenue.
 MT. Morrison-An gentlemen from New York are to be classed together on | II; io hor fxy that having more money than we have they understand the question better. Mr. Morrison during the course of further re- marks maiDtaine that $100, 1000, 900 was a sufficient redemption fund and pointed out that only ten million was held to enable the government to redeem national bank notes in case of failure of the funds. He denied that the purpose or effect of the resolution was to place the country on silver basis.
 Mir. Howard offered an amendment pro viding that nothing in the resolution shall authorize the reduction of the S100, ,000, ,000 reserve set apart for payment of United States notes on the interest bearing debt of the United States. He opposed the resolu- tion: declared that it had been brought be- of the administration and char acterized it as an attempt to force the payment of the national debt and obligations in silver-to force the gov ernment in it's financial transactions to 8 sill yer basis, which the administration earnestly opposed. It was practically impossible to execute the joint resolution without using the silver dollars, all of them possibly, be- cause all the surplus was in silver. It was a violation of the spirit of the law to pay the bonds in silver. At the time they were issued the only known coin was gold. It was now proposed to force a cheaper coin upon unwilling creditors. The resolution was unpatriotic and an act of repudiation. What had induced the Democratic party here to antagonize the administration which it had placed in power?
 MT. Morrison suggested that it was none of his (Mr. Hiscock's) business.
 MT. Hiscock observed that that was the quoting of an expression used most in- famously in the city of New York. He pro- ceeded to point out the dangers which he as serted would attend the passage of the reso- lution. The question was fraught with danger. At the best in adopting the resolu- tion Congress would be trying dangerous experiment-one that might bring disaster and ruin to the people and one that the ad- ninistration felt justifedin advising against and opposing. On this question no one doubted the patriotism of the President and Secretary of the Treasury. The most that cou1d he said for the resolution was