The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-01-22


the committee on manufactures TO inquire
into the names, number md extent Of
such alleged combinations, and all other
matters relating to the same which may
call for legislation by Congress. Mr.. Ran
dali, OF Pennsylvania, objected to the
present consideration of the resolution,
and IL was placed upon the calendar
REPRESENTATIVES, DUNN,
OF Arkansas today obtained leave to have
printed in the Record the following amend
inents, which he proposes to offer TO the
wilkins banking bill at the first oppor,
tunity: That hereafter any national bank
may deposit gold and silver bullion with
the treasurer or assistant treasurers, in
amounts not less in value than $40. 900,
and receive therefor certificates in denomi-
nations Of 81, $40, 500, $50, 500 or $500,
as the depostor may elect, fractional parts
OF $40 or any deposit OF bullion TO be paid
for in coin. Such certificates shall be re-
ceivable for all public dues and shall he
legal tender, except where payment in
coin is stipulated They shall be redeem
able in coin on presentation at the treas
ury, or ut the sub-treasury in New York.
That the value or ratio TO gold at which
certificates shall be issued on silver bullion
shall be its actual ratio or market value at
the time of deposit, TO he determined by
the Secretary OF the Treasury, for each
calendar month, by taking the average
selling price of silver bullion rs expressed
IN gold dollars in the open market at New
York during the preceding month, which
price shall be the value or ratio TO gold
at which certificates shall be issued during
the succeeding month; provided, that GER
tificates shall not be issued on silver bullion
at value above the ratio Of silver 10 gold
as now fixed by law for standard gold and
silver coins.
That when any Of the certificates are re-
deemed in coin, they shall be cancelled
and destroyed, but certificates received for
public dues or in exchange for lawful
money shall be held as cash, and may be
re-issued.
That on the taking effect OF this act the
monthly coinage Of silver shall be stopped,
and in lieu thereof the Secretary Of the
Treasury is authorized 10 coin standard
silver dollars and gold coins from the bull
lion deposited, in amount sufficient to
supply any demand that may arise for
coin for circulation, or that may be re-
quired 10 pay the coin obligations Of the
koNNahih'hNt IAONiiths
with the coinage OF any bullion for which
certificates have been issued, certificates
shall be destroyed equal in value to the
bullion 30 coined.
CONTESTS FoR SEATS.
The House committee on elections today
heard argument upon the MDuilie-Dayid-
son (Alabama) contested election case.
The Indiana contest Of Lowry vs.. White
is held under advisement.
M'KESSA's MILITIA BILL.
The House committee ON the militia
today had under discussion Representative
McKcnna's bill amending the laws govern
ing the militia OF the United States. The
bill provides for the establishment OF n
bureau OF militia In the war department
for the purpose OF aiding and giving nee
essary instructions and all useful informa-
ton toward increasing the efficiency OF the
State militia; and for the division Of the
militia OF the several States into organized
and reserve classes, including every able
bodied man citizen between eighteen and
forty-lve years Of age. Tho committee
deferred action upon the bill and has in
yited the Secretary OF War 10 submit his
views upon the proposed amendments.