The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-07-31


A vote was taken on thu trade dollar
amendment and it was agreed to-yeas
33 nay 80.
German moved to lay the Joint reso-
luton on the table. Rejected--yeas 5.
nays 81. ...,...f
Ingalls, moved to strike out ali after
the enacting clause and insert that the
Sec etary Of the Treasury shall, be-
ginning September d, 1886, until thirty
days after The meeting of the second
session Of the FOrty-ninth Congress.
apply the surplus IN excess Of $lOO. 900,
no in the treasury in q sum not less
than $4,000 900 per month 20 the pay
ment OF the interest bearing indebted
ness OF the United States, payable st the
option OF the government. Rejected
yeas %. nays IS.
The JOINT resolution was then passed
yeas AZ, nays 20. The JOINT resolution.
as passed is as follows:
be q enacted. etc, That whenever the
surplus or balance IN the Treasury, in
GLIDING the amount held for the re-
dempllOn OF the United States notes,
shall exceed the sum of Sl0O, O00, 900 il
shall be and Is hereby made the duty
OF the Secretary of the Treasury TO
apply such excess, in sums not less
tnau $40 0O0.OO0 per month during the
existence Of any such surplus or excess,
% the payment OF e Understanding
indebts dness of the United States, pay
able at the option OF the government.
The surplus or balance herein referred
to shall be an available surplus, ascer-
tanned according to the form of
the state ment of the United States
Treasurer, OF the assets and liabilities
Of the Treasury of the United states
employed on June 30ih, 1886. provided
that no calls shall be made under the
provisions OF this resolution until a sum
equal TO the call Is in the Treasury
o er and above the reserve herein meu-
toned; and pr svided. further, that the
Secretary of the Treasury, in mis- des-
cretio may have in the Treasury over
and above the foregoing sums a work
ing balance not exceeding $50 600 600,
and whenever in case OF any extraord
mary emergency not now exist
ing, and when because thereof,
sident, public interests shall
require. he may, by q written order,
direct the Secretary of the Treasury TO
suspend further call for the payment
of such Indebtedness for such period
OF time as shall be necessary to main
tain the public credit unimpaired, and
that such suspension aud the reasons
therefor shall be reported to Congress
within zen days after the next meeting,
or Immediately il Congress shall be
in session. That for the period of six
months after the passage thereof, the
United States trade dollar. If not de-
faced, mutilated or stamped. shall be
received at their face value in
the payment OF all dues 10 the
United States, and shall not be
again paid out or in any
other manner reissued. That the holder
of any United States trade dollar dur
ing the period aforesaid, on presenta-
ton of the same at the Office OF the
treasurer or any assistant treasurer OF
the United States, may receive in ex
change therefor q like amount and
value, dol ar for dollar. IN standard sill
yer dollars, or in Subsidiary coin, az the
option of the holder and Of the United
States.
The House bill to increase the naval
establishment was then taken mp and
amended. The amendments we're agreed
70, and the bill passed.
A conference was asked for, and
Messrs. Cameron, Hale end Mcpherson
appointed couferees.
Adjourned.