Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-01-19

may be spprised OF 81 opportunity for
pres entng the facts TO the commission.
TO PREVENT THsIR LANDING.
WASHINGTON, Jan. 1S-The Treasury
Department is informel that number Of
convic:s liberated at New Caledonia. sre
on their way TO this country via Cali
tornia. TIE Collector of Customs and
the Commissioner Of Immigration a. San
Francisco have been notdad to lock out
for such immigrants, and TO prevent their
linding.
WILL HAVE HEARING.
WASHINGTON, jan. 1S-The Senate
committee on interstate commerce this
morning decided to grant hearing next
Wedne Sdsy 10 counsel of the express
companies upon Senator Cullom's bill to
extend the SPECIFICATION Of the interstate
commerce law to express companies.
Senator Plunb's bill prohibiting the
granting Of passes by railroads to Official
persons, that is, members of Congress
and government employees, and Senator
Buffers bill to license railroad conduc-
tors were referred to subcommittee.
SPEAKER CARLISLE IMPROVING.
WASHINGTON, Jan. is -Speaker Car
Isle rested very well during the night
and woke this morning considerably re-
freshed. When DR.. Sewers called st ii
esting light breakfast, and he seemed to
be in the best OF spirits. During the
visit the speaker inquired whether he
would be able to keep his Atlanta and
Macon engagements on the 23d and oath
Of the present month. The Doctor re-
piled that 1t was quite out Of
the question. He might stand the
trip but it would be dangerous in
the extreme, and he advised that
the engagements be cancelled IS he could
not think of permitting 8 f.tigulng jour
ney in his debilitated condition. Thus
advised the Speaker requested the doctor
to announce to the press that for the res
sons stated he would not be able to fill
the engagements much to his regret. DR..
Sewers expressed the opinion that it
would be some time before the Speaker
could resume his duties in Congress. Il
THE TREASURY SURPLUS.
WASHINGTON, Jan. 1S.-ln the Senate
to day Mr.. Farwell introduced q bill to
authorize the Secretary Of the Treasury
to apply the surplus money in the
Treasury to the purchase of United
States bonds and to perpetuate the
national banking system by providing
further securities.
The first section provides that the
Secretary OF the Treasury Is hereby
authorized and directed to Issue to
national banking associations heretofore
organized or that may hereafter be Or
ganized under the general law, coupon or
registered bonds of the United States in
such form and in such denomination as
he may prescribe, redeernsble after fifty
years from date of issue, bearing interest
payable seml-annually st the rate of per
cent. per annum, sto be used by the
national banking associations as security
for their circulating notes. Such bonds
shall be exempt from taxation by or
under state or municipal authority.
Any national banking association shall,
after the passage of this oct, be author
lied to issue circulating notes TO the
amount OF 100 per cent. OF the psr value
Of said bonds.
Section 2. That any national banking
association shall be authorized to deliver
to the Secretary of the Treasury any out
standing bonds of the United States In
exchange for three per cent. bonds pro-
vided for In this Get and the Secretary of
the Treasury Is hereby authorized and di-
rected to psy in money (not otherwise
appropriately the difference in the value
of bonds 50 exchanged, the difference TO
be sscertsined by taking the averags
premium IS shown by the New York mar
ket for twenty days prior to the time Of
such exchange.
Sec. 3. The Secretary of the Treasury
is HEREBY authorized and directed to re-
ceiVe from the national banking essocia-
tions OF the United States in payment Of
per cent. bonds herein provided for
such bonds to be delivered at their par
value.
Sec. 4. The Secretary OF the Treasury
is hereby authorized and directed at the
end of each month TO invest the surplus
funds held In the treasury, not otherwise
appropriated, in the purchase in open
market of any United States bonds. The
bonds so purchased shall be cancelled
and destroyed.
Sec. 8. The Treasurer of the United
States Is hereby authorized to receive
from any national banking association to
secure its circulating notes an amount
equal In value value hereinafter provided
for to the coupon or registered bonds so
purchased, cancelled and destroyed, of
any state or municipal bonds of the
United States upon which interest has
been heretofore promptly paid, and whose
market value is equal to or greater than
their psr value, bearing interest at the
rate of not less than per cent. per an-
mum; provided that the Treasurer Of the
United States shall not receive
such state or municipal bonds at
more than IS per cent, Of their par value !;
provided further, that the Treasurer OF
the United States shall not receive such
state or municipal bonds until such bonds
shall have Endorsed upon them the ap-
proval Of the Secretary Of the Treasury
and the Comptroller Of Currency.
Sec. 6. That ell laws and parts of laws
relating to the establishment of q sinking
fund for the payment Of the public debt
be and the same are hereby repealed.
THE MINORITY VIEW.
WASHINGTON, jan. 1s.-VieWs OF the
minority of elections committee on the
Thoebe-Csrlisle contested election case
were presented to the House this morn
ing by Mr.. Lyman Of lows. The report
SAYS that had the case been submitted 20
the committee On the record as made st
the beginning OF the present session of
Congress, there would not probably have
been s dissenting voice. The vote would