The Abilene reflector. [volume] (Abilene, Kan.) 1883-1888, 1888-03-29
PURCHASE OF eONOS.

The Senate Consiuer- the House Bill
PIumb's Modified Amendment Adopleo-
House Proceedings.
WASHINGTON. March H.-The senate
Yesterday procee led to he consideration
of the House bill to prov de II the pur-
chase OF United States bonds by the secre-
tary Of the Treasury, and Mr.. Plumb Oh
fered an amendment in the form OF new
section requiring the Score airy OF the
Treasury, whenever the circulation OF q
National bank should be surrendered, 70
issue Treasury notes to an eq al amount
He said that while the bill was proper
one, it was. as 1t stool, TT ding with very
( great question. The bank note circulation
was Shrinking at tue rate OF s51VoIVOo
year, aud under the proposed Dill W'uiu
| shrink SC, 10 ,O0J a year. He declared that II
| the Commit; ee on Finance did not complete
some measure on the subject, the Senate
would have it too d.. If the Senate did not
and the II Duse d not, then he warned the
Senate that the coun nv was over crater
| of finauc al sturbdnce. he Thought IL was
there now. The Senate was dealing WI
| q question which had more TO DO with tno
welfare Of the people than any other meas
ure pending in either house. FOR every
dollar of shrinkage in the currency mere
| was SnrlnhdCe III property
Mr.. Beck said the amendment proposed
by the Senator from Kansas would pro-
woke long discussion in the Senate and
long discussion in The House, and he there
fore thought that good policy required the
passage OF the bill as reported from the
Committee on Finance.
Mr.. Farwell express ID the hope that no
am ndment would be made TO the bill. The
only one which he could suggest would De
to make the act mandatory instead OF DIS
creLonary. The amount of money IN the
treasury to-day was q menace to the ousi-
ness OF the co Intry. l. ST fall the rates
on money had increased very Largely
on that account. Under the existing
law he Secretary OF the Treasury-wise'y
III his judgment-had gone into tue market
and bought about s210J0,OOO Government
bonds thus putting III the hands OF inc
people al equivalent amount OF the circu-
lating m"dIum. Later on-unwisely he
thought-the authority for thai action had
been Questioned by the President, and the
next thing done was-very wisely In ms
iudgment-Io deposit in the National banks
, $50, QUO, 0Ol This bill ought not to be
amended, except to IN Ike 1t mandatory.
At two D. IN. the special ordcr-the
Pleuro- Pneumonia bill-was postponed and
, the cons Iteration Of the bull Tor the DUR
chase of bonds continued, and Mr.. Sherman
argued against delay in the passage OF me
bill by attaching am 'ndm mis- 1t, and he
therefore moved to lay Mr.. Plumb's anne ID
meut on the table. As to the bill itself he
believed that the language Of the law OF
1881 was stronger, clearer and he ter. Still
he was willing to vote for 1t because II
would relieve the Government from the
really distre ssing condition OF The finances.
The amendment was laid on the table
yeas %, navs q.
Mr.. Plumb renewed the amendment
modified in regard u the legal tender
quality Of The proposed treasury notes and
/ proceeded 10 argue IN support OF 1t.
After a brief discussion Mr.. Morrill,
! moved TO lay the amendment on the table
but was defeated-yeas, "A; nays, "a. Inc
amendment was then adopted-yeas, -
nays, 81.
Mr.. Stewart offered an amendment al
lowing deposits Of gold and SILVER bullion
not less han live ounces Of gold or eighty
il ounces Of silver. and lh, issue OF coin Ger
tiiicares He made an argument in sup
4 port OF II, but The bill went over as unfln
ished business with Mr.. Stewards amend
ment as he pending quest on and after al
- executive session the Senate adjourned.
HOUSE
When the House met yesterday Mr.. Gros
venor offered res tuition, which was
adopted. to hold the funeral ceremonies Of
] the late Chief Justice Waite in the hall o
the House of RcpreSenIat'vrs Wednesda,
o noon, under tho arrangement OF the gu
| prenIe Court
. On motion of Mr.. Cox. Of New York, the
,, Senate bill was passed appro Grating 500
to provide for the payment of The funera
expenses of the Chief Justice OF the Su
preme Court.
Bills were introduced and referred a.
follows: By Mr.. Kerr. of Wa. for the es
adjustment OF permanent board OF arbl
tratIon elween the United States ant
Great Britain and France; by Mr.. L lird
t OF Nebraska. rendering the thanks OF Con
eress to Lieutenant A. w. Greedy ant
: oil hers for courage, energy and hdelty II
the conduct Of the late scientific exp:di
ton to the Arctic seas; by Mr. Cutcheon
of Michigan, to equaIise the salaries o
u postmasr ers at Presidential post-ofnces.
Mr.. Springer, of Illinois, from the Com
= mi tee on Territories, report d The bill III
J. the organ.z ,tIon of the T,'rri ory OF A laska
District business occupied the rest Of tn
: session. TIE bill IL prev Mt the desecra
u ton of graves IN the Dis,ricr gave rise to
=. long debate. An amendment was adopted
on motion of Mr.. Gross enor, of OHIO. pro
viding that if Il person dying in IA hosplta
| was an b. nDrably discharged soldier o
sailor notice of that fact should be givel
to some G. A. R. post in Washington. N
final action was taken on the bill, and tn
, House adjourned.
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