Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1888-02-03
STARTLING FACT REVEALED.
Alteration of q Bill After IL Had BCcoms
aLau-T0nor and Efsct of It Destroyed

Alteration of a Bill After IL Had BCcoms
a Lau-Tonor and Effsct of It Destroyed.
National Republican.
The Hon. Preston B. Plumb, Of Kansas,
last Wednesday offered the following
resolution, which was ruled out on 8
point of order, but admitted yesterday
under the call of the states and referred
to the judiciary committee:
| Whereas, the annual report Of the Secretary
OF the Treasury mads to this House elbows that,
| acting 10 a, cord with the Views Of the Presi
| dent, he has paid out or the revenues collected
| from imposEs the sum of 81 ST., OLD IN premiums
| to holders Of government bonds assuming that
| in no 1her way under the existing laws can the
| requirements of The sinking fund be met: and
whereas, by the terms of The refunding act,
passed July II, 1o70. as shown By the record of
| the final vote thereon, all of the bonds called
| per cents, of which there are now outstand
ing the sum of S,36 56l ,9jO are payable at the
| pleasure of the United States for thirty years
| from the dste of their issue, provision W ich
snce with its manifest wording and Ia
| tention, makes possible not only the
| payment of The sail bonds as fast SIS any gu
| plus available for such purposemay accumulate
| In the Treasury, but also the Tefunoing of the
| same at rate of interest that would save to
the taxpayers more than $3.50 OOO, 600 and where
| as the said reIuncing act has, as IL appears,
| without due authority, been 30 altered ana
published in the statutes at large aa to read,
| "Pay sble at The pleasure Of the uDit2d States
! after thirty years" instead pI "foE thrty
! year :" as voted, thus entirely subvetting the
| manifest meaning of ths provi.i n of saio &C,
which provides for the redemption OF the
bouds named; therefore be It
Resolved, inst committee Of five members
whose duty It shall bs to make q careful exam:
nation of all the facts relating to the passage,
engrossment and enrolment OF the funding act
| $50 called-and all acts in force bearing upon
ha Inn nf thpr fUht NJ fha m
I redeem It's Outstanding interest-bearing CD 1
cations, with view TO taking such steps as
may be require to ascertain the true state of
the law on that subject, and for that purpose
the committee has power 10 send for persons
and .Apers, examine all records and original
documents, and TO ain tue copies OF the
same, as well as to administer osths the COM
mittee to report TO this House with such rec
concentrations as may be deemed advisable in
the premises.
4 representative Of the Republican
called on Mr.. Plumb aud asked him what
object he had in Offering, and what in
duced him to offer the resolutions.
81 read last summer an editorial in the
National Republican" SAID Mr.. Plumb,
(Which claimed that the Is r, as found in
the statutes, authorized the Secretary of
the Treasury to call for redemption out
standing bonds In the order prescribed by
law, which caused me to investigate that
question, and in doing SO determined TO
Examine carefully the refuuding act of
July IA, 1879, and all the facts attending
it's passage. In thus pursuing the investi-
CATION noticed hat the report Of she
committee of conference between tie two
houses on the funding bill, and which TRs
agreed to In the House of Rspre-
sentatives by yes and nay stvote;
ia providing for issuing $4,000.
100000 Of Z per cent. bonds. de-
ciared that said bonds weTe esaeeIns i
st the pleasure of tile Udited Ia
thirty years from the date, of khair sues,
while in the act IS p9bllshedl In 9hs3
statutes at large the proposition "foFp is
omitted, and ''after" is inserted In Its