Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1892-06-13
BY TELEGRAPH.
Dispatches by the Associated Press.
Proceedings of Congress.
WASHINGTON, D.. c., June Is.
SENATE.

Ulke Dttll IL tllltllNAetitSS IN
apolis convention was in the Senate
chamber this morning when the session
opened. There were but u Senators
present on the republican side and 9
few more than that number on the dem
ocratic side.
The first indication of the democratic
movement on Chicago was the granting
Of leave of absence to Mr.. Voorhees,,
until the Goth instant.
The pension appropriation bill with
amendments was reported back from
the committee on appropriations and
placed on the calendar.
The bill introduced by Mr.. Pefler on
the 26th of May, ITO increase the cur
rency and provide for its circulation, to
reduce the rates of interest, and to es-
tablish a bureau Of loans" was taken
from the table and Mr.. PETER addressed
the Senate in explanation and advocacy
of it. II provides for the appointment
by the President of three commissioners
to hold their office in Washington.
whose duty it shall he to establish loan
agencies, one at the capital of every
State and territory and at other con-
venient places-such loan agency to be
known as the Central Loan Agency for
that State or territory. The business
of these local agencies is TO be to lend
money to the people on the plan Of
we'll regulated real estate and loan
agencies, secured by real estate. The
loans are to be for not less than n
year nor longer than (blank) years.
They are to be for not less than 800
nor more than $500 to any one person
or family. There is ~ provision as to
the rate Of interest. In order to pro
vide funds, treasury notes are to be
issued, equal in amount to $50 for
every dollars worth of gold and silver
coin and bullion belonging to the United
| Statcs-thc bullion to he estimated at
its coinage value. No banking firm,
company or corporation is hereafter to
receive interest at a higher rate per an
mum than 5 per cent. for short time or
four per cent. fora year or longer. There
is d section in the bill providing for
loans (at one-third of one per cent. a
month"; By the bureau Of fer less
than y months, on the security of per-
sonal property, whenever any State
shall have provided warehouses for
agricultural products, such us cotton,
wheat and tobacco, and for manufac-
tured articles that will not deteriorate
by storage a few months. Much of Mi.
PETERS speech was in %denunciation of
usury, which, he said, was breaking
down the republic. The people, he
said, were in earnest about that matter.
The republic would go down unless the
people were saved and there was no
way of saving them except by destroy
ing the great evil of usury. The bill
was in that line. 1t was suggestive and
helpful, and, at least, deserved the con-
sideration of the Senate.
At the close OF Mr.. PETERS speech the
bill went over without action.
Mr.. Mcpherson gave notice of his in
tention to address the Senate next We'd
nesday on the bill for the free coinage
of silver, and Mr.. Morgan gave notice
that he would do so tomorrow, as he
expected that there would then be a
quorum in the Senate.
The Senate then at2:35 adjourned
until tomorrow.
HOUSE.
The Minneapolis contingent of the
House had not arrived at II O'Clock to-
day, when the body was called to order
and the attendance was not a large
one.
The Speaker laid before the House a
letter from the Secretary Of the Urea
sury asking for an appropriation of
S250,0G0 for adequate precautions at the
Worlds fair, for the protection Of reve-
nue. from customs and for the supcrvi-
sion of importation. Referred.
A bill was passed providing that In
dian children shall be declared to be
citizens when they have reached the
age of 81 years, and shall thereafter re-
ceive no support from the government,
provided that they nave had ten years
of industrial training.
Dir. Otis, of Kansas, asked consent
for the present consideration of a reso-
luton reciting improper conduct on the
part of Secretary Noble and Commits
sioner Carter in regard TO the Maxwell
land grant (said conduct being alleged
to be in pursuance of a conspiracy en-
tered into some years ago by Stephen
B. Elkins and J. a. williamson and
asking for a special committee Of seven
members to inquire into the matter.
Dir. Payne, of New York, objected
and the resolution was referred.
The Senate bill was passed granting
the Washington Scheutzen-Vere per
mission to erect a bust of Baron Won
Steuben in one of the public reserva-