Morning journal and courier., 1888-03-27
Fiftieth Congress--First Session.
WASHINGTON, March

WASHINGTON, March &c.
SENATE.-Mr. Allison introduced a bill ap-
propriating So, 900 to defray the funeral ex-
penses of the late chief justice of the Su-
preme court; passed.
Mr. Riddleberger called up the resolution
for the consideration of the fishery treaty in
open discussion. Mr.. Sherman thought that
the foreign relations committee would SO
recommend. After some debate the resolu-
ton went over without action and the Sem
ate took up the House bill authorizing the
purchase of government bonds with the
surplus
Mr.. Plumb offered an amendment in the
form of new section requiring the Secretary
of the Treasury whenever the circulation OF
national bank is surrendered) to Issue treas
ury notes to an equal amount.
Mr. Sherman moved to lay Mr.. Plumb's
amendment on the table; agreed to, yeas %,
nays %.
Mr.. Plumb renewed the amendment, modi.
fed in regard to the legal quality of the pro-
posed treasury notes.
Mr.. Morrill, moved to lay the amendment
on the table; defeated, yeas "a, nays "a.
The amendment was then adopted-yeas
%, nays 21-as follows:
Yeas-Bate, Beck. Berry Blackburn, Blair, Call
George ingalls,, Jones of Nevada, Kenna, Mitchell
Palmer Plumb Ransom Resgsn, stsTaFt Taller
Nays-Allison, Chandler, Cullom, Davis, Eawes
Farwell, Gray, Hale, Hampton, Harris, H1scock
Wilson OF Md.~s1.
The amendment as agreed TO reads as fol
lows
Section 2 That whenever the circulation of any
national bank or portion thereof shall be surren
dered and the same is not taken up by other nation
al banks within thirty days thereafter the Secretary
of the Treasury shall thereupon issue an equivalent
amount of treasury notes of the denomination now
provided by law national bank notes. said treas
ry notes shall be deposited in the treasury and paid
out as other moneys kept fer the discharge of the
ceivabe for salaries and for all dues to the govern
ment including duties on imports, shall pc legal
tender between national banks and for all debts due
to any national bank shall be redeenable
in coin as the legal tender notes OF
the United States now are, and when re
ceived il to the treasury they shall be ressued and
the same manner "a now provided by law for saio
legal tender notes. The coin held in the treasury
demption of the legal tender notes Of the govern
ment shall also be applicable to the redemption o.
the treasury notes herein provided for and such
adding thereto other sums from payments made
into the treasury in the discretion of the Secretary
of the Treasury; provided, that the total amount OF
five per centum more than thirty per centum OF
the total amount of legal tender and treasury notes
outstanding The true intent and meaning of this
section being that the volume Of paper outstanding
shall remain as now existing
Mr. Stewart offered an amendment allow
ing deposits of gold or silver bullion (not less
than five ounces of gold or eighty ounces Of
sflverl and the issue of coin certi6cats there
for.
Mr.. Platt said the proposed amendment
seemed to be a launching of the ship on ar
unknown sea. Nobody could tell whittier il
would sail. There had been good deal sale
about the contraction of the circulating me