Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1888-01-18
the War Department, to be officered by q
corps OF United States Civil Engineers. The

ANOT6E6 FUNDING BlLLs
The Pacific railroad funding bill. intro
duced by Outhwaite, in the House to-day
differs in many essential points from the
committee bill reported in the last Con.
gress. It provides first for the ascertain.
ment OF the debt of the companies. both
prcipal and interest. From that amount
l is to be taken the interest already paid
The pl esent worth of the remainder ia O
be found as OF July 1, 1888, the money
being regarded as worth 8 per cent. simple
and the average date OF maturity OF the
bonds. From the present worth is to be
taken the amount in the sinking fund vi
each company, the remainder being the in
: debtedness due from each company on
{ July 1, 1888, il their debts were to be paid
; in cash. For this sum the companies are
to issue bonds secured by mortgages co vering
the present lines, aud branches. The scheme
provides for
POSTAL CHANGE ASKED.
u Among the petitions presented In the
Senate to-day. was one asking for a change
of the postal laws so that papar bd>6Iks,
novels, blood and thunder stories, shall
not be sent through the mails as second
class matter (payipg one cent per pound)
while school, law and scientific and rell.
gious books have to pay cents per pound.
REPAYMENT OF TIE DEBT
within fifty years by series OF bonds fall
ing due semi-annuaIly and paying interest
at per cent. The bonds are to be issued
in four series, 80 arranged that one-third
Of l per cent. of tho principal Of the debt
will be paid every six months during the
first ten, two thirds of per cent. every six
months Of the second ten years, one per
cent every six months Of the second twenty
years and per cent. every six months of
the last ten years. Among the essenti
differences between this and the old bill, is
the increase of the penalty in case OF r. fus-
al OF the companies to accept it's epec fica-
tions SO as to require the payment OF IS
( the old bill fixed the penalty at 40 per
cent.
| II PROVIDES DISTINCTLY
that the sinking fund shall be applied on
| the principal OF the debt, while in the old
bill, this was inferential. It allows the
companies to pay any part or the whole of
the debt at any time, the bonds to be can
celled or the Secretary OF the Treasury may
sell the whole OF the bonds either to cred
itOrs OF the company or in the general
market. No dividends are to be declared
until all current obligations have been met.
After that, dividends are restricted to
per cent. which must have been earned dur.
ing the preceding year. It is provided how
ever, that larger dividends may be declared
4 If the earnings warrant it upon the condi.
tion that the companies pay upon their
| Indebtedness, an amount equal to the divi-
dend. Other changes are Of minor charac-
ter and intended to strengthen the Goveru-
ment in it's claims.
LAMAR CONFIRMED.
The Senate went into executive session
at 1 o'clock this afternoon and three
quarters OF an hour later took up nomina.
ton Of Lamar. It's consideration lasted
until O'Clock, at hich time the nomina-
ton was confirmed by a vote OF 32 to 90.
Senators Riddleb-rger. Sanford and
Stewart voted with the Democrats. Ali
the ot er Republicans voted or were paired
wore ,, in his favor. The discussion was
side. The principal speakers s"8 &sfs" sRfSs"SHlassap
Edmunds, Evarts, Cullom, srerman,
and Riddleberger. The last named made
two speeches. The line OF oppo
rition covered the official and
political records OF the nominee
as we'll as his ags, business habits
and legal qualifications. 1t ls underst Oud !
no speeches ere made by the D. mncrat'c |
Senators. The voting began at O'Clock,
but was Interrupted and nearly an hours |
argument intervened before the roll call |
was finished The nomina ions OF Villas
and Dickinson were then at once taken up |
and confirmed without deba te and it was |
ordered that the President be notified Of
the c"nfrmat tions. The following is under.
stood to be the
VOTE IN SECRET SESSION
on confirmation:
Ayes: Bate, Beck, Berry, Blodsett,
Brown, Butler, Call, Cockrsll, Coke, Col
quit, Daniel, Faulkner, @George, German.
Gray, Hampton. Harris, Jones, OF Arkan-
sas, Mcpherson, Morgan. Pugh, Reagan,
Riddleherger, Turpie, salisbury, Stanford.
Stewart, Vance, Vest VOORHEES,, Walthall
and Wilson, OF Maryland-32.
Nays: Aldrich, Allieon. Blair, Bowen,
Cameron. Chase, Cullom, Davis. Dawes,
Dolph. Edmunds, Evarts, Farwell; Frye,
Hale, Hawley, Hiscock. Hoar, Ingalls,,
Mitchell, Paddock, Palmer, Platt. Plumb,
Quay, Sherman, Spooner, ,Stockbridge--28.
Those paired in the affirmative were
Blackburn, Eustis, Gibson, Hearst, Kenna,
Pasco, Payne, Ransom.
These paired in the negative: Chandler.
Jones Of Nevada, Manderson, Morrill,,
Sabin, Sawyer, Teller and Wilson OF Iowa.
OTHER BILLS.
The wheat bounty bill introduced by
duce the surplus 'y paying bounty Of 25
cents per bushel, on all wheat exported to
foreign countries. Representative Hovey,
OF Indiana, to-day introduced bill to pay
to soldiers of the late war, an amount
equal to 40 per cent. of the amount OF their
original pay to make good the difference
between the value of greenbacks in which |
they were paid and the gold coin in which |
greenbacks were eventually redeemed.
TO BUILD PosroFFIcEs.
A bill authorizing the construction of |
publ buildings for postal and other gov
ernment Offices in every city having post |
master was introduced in the House by |
Tarsney, of Michigan, the cost of the |
buildings to range from $780, 900 in towns !
OF 10000 and S15O.OO0 in towns OF 5O,- |
900 inha bitants.
THE LAST OF HIGGINS.
Eugene Higgins turned over the Office OF
Chief of the Appointment Division OF the
Treasury Department to his successor,
Percy c. Smith, to-day.
DRY GOODS CLASSIFICATION.
The Treasury Department has decided
the disputed question as regards the proper
classification of cashmere and other dry
goods composed principally OF WOOL and
containing small percentage OF cotton,
by sustaining the practice at the port OF
Mo n
pies OF the goods have been submitted to a
severe test, and it has been found that they
contain such small percentage OF cotton
as to be practically all wool, and should be
80 regarded.
The Solidity of the Strike.
READING, Pa, January 16.-The last
CO shipped down the Reading railroad
from the Schulykill regions was on Satur-
day. Since then not d pound has come
A1-A