The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-02-20
THE FIFTY-SECOND CONGRESS
CAN THE GOVERNMENT ELoIr 4 TWO
PER CENT BONDS

1nterestinE Debate In the Senate on Natlo,
~ Beads and Rates OF unterest-The ri
Costinuing Existing Chinese Ressrsctio
.a. Lawn Fsssea-Another TI,t ON the siive
Question by Mr.. Bland and Mr.. Rarter
WASHINGTON. Feb. 19.-Tho Vice. Presiden
laid before the Senate communication fror
the Secretary OF tho Treasury arguing agans
the transfer OF the revenue marine to tn
Navy Department. Ho said: ~ am clearly O
opinion that such transfer would be incxre
dent and unwise. Revenue marine officer
are engaged on watcr. rs are customs officer
on land. In detecting and preventing fraud oil
tho revenue. Tho entire service. except In cas-
OF war. when revenue marine vessels ma,
be assigned to naval duties. IL under tn,
direction OF the Secretary OF the Treasury, ant
this exceptional and possible service In IN,
opinion affords no adequate reason for TIL,
transfer. The department which collects Tho
major portion Of the revenue for the support o
the Government should havo complete ant
undoubtcd control of tho instrumentalitics
Tor Its collection" At the same time Secretary
Foster recommends that provision be made
Tor retiring officers OF tho revenue marine
service when incapacitatcd for active duty.
Tho communication was ordered printed ind
referred to tho Committee OH Naval Affairs.
and Mr.. Cockrcll tDem No.. who had strcn,i.
ously opposed tho proposed change. both
during the last Congress and this suggested
that the committee give this report Its very
prayeriul consideration"
Mr.. Higgins Rop.. Del.) offered resolution
asking tho President. II not incompatible with
the public interests. to inform the Senate OF
the proceedings recently had between repro.
sentatives OF the Dominion OF Canada and the
State Department as to ARRANGEMENTS for re-
clprocal trade with Canada. Mr.. Higgins asked
immediate consideration OF the resolution. but
Mr.. Sherman suggested that 1t should first re.
ceive the scrutiny OF the Committee on For
sign Relations. anu 1t was referred to that COM
Mr. Dolrh tIsep.. Or, called up tho bill OK.
tending for ton years the existing provisions
ssst to Chinese Immigration. Mr.. Sherman said
between II" Srrer
Would expire on May L. The bill Was Euss sws
1t reads rs follows:
.s sser,os iIhst AL isws now in force rrohbtne
gsr.ons and are hereby con.
tinned ~ force for period OF ten from the pas
SIC a,Iha, any Chinese person Of Chinese
,sid Jaw. !" i. no. lasfHny entitled rsms'h IN
+. g nns
eSn r" roS as f hs sns ss he vine .s
Ss I. se s,,, OF a. ~nSn such :, o.m
s IL on . ss . I to
:s 4. ss;:I% e sh%
; ION .s.I! s,.sSl,.h by a.ma.iy
.xa; remain in ss nis TT Ssaas. s '"
n"I "r rSi'"S Ss
been U u" %+ from the rmeG
ssss !. s sy WIN.
'"s S s.. he .
ss as f S sfassf psv 5soSs1 'F" the United
The Senate took No bills on the calendar
and passed thirty,three relief bills and ono
R aeta ss ts h pin II also to
81 pay and bounty which had been prepnredLy |
ths Second Auditor and approved by tho Sec |
The bin to establish marine board for the
advancement 81 the interests of the merchant
recommendations otthe late International Ma
rtne Conference was passed. 1t provides Tor tho
ury. to consist OF one o. the Assistant Secro-
hyS s Of the
the Eari ns iHips5HsHw srS s,s
t ths sopsrintendent q the Life Saving Seryce
q e NaSy ana the Chief q Ie
Rsry;ision Q. an laws affecting the merchant
branch ~ f Pie 1Gis nvarn ny law To an; other
%hsa the hour t q secck was reached the
calendar A bill was taken up out OF its order,
sHESsssn o, M rrs D% T.n
In that part IF the District Of Columbia lying
outside ;d o. cities The bin brought on dis
terest, Tho I'LL provides for the issue of nifty
year t Ear Fes
at the neas nG Of hs
ccckre and r Ves al
stSduclng the interest to two per cent Mr. Har-
rfts opposed making the limit OF time less than
\, Mr.. Cockrell said that in 1879. when the dis.
the United States four T per- cont %aE bSnds h
made mad t, rather lasty disbositon o. them at
\, ,n know tIst tIes: bonds; though ss"%i
10 bonds Of the Uns st"tes. He th o".E
two W. per cent. was SUFFICIENT interest.
we're at par. They were aeScmparie ante; ' by
kanks ISo sf'y aoa 'y them
s san to other eond
two rS"t Brain the H srsot
ass to net S i s r sHH a,s
my rnse, to issue bonds running. longer than
hsdl ic Of Person TIL, wss Ne
therefore mo, ed that the bonds 10 rcdeemable
Statos.
Mr. Sherman's amendment limiting the time
g twcEty years mt tho pleasure uf tho United
statss was adoptcd.
Nr. Cockrel moved to re'uco tho interest to
- per cent. The stat" Of Missouri could bor-
nw money ut three prr cnnt..and he felt hat the
'nitcd States could get all the money il want.
" ut Pc per cent.
Mr: George snd he should vote against the
Who'll. bill on the ground TINT it proposed to I
aN tho people Of tho lnitcl states Tor the :
'cnent uf tho owners Of suburban lots in the ]
icinity Of Washington. He WAS In favor of
triking out all this bond business. and is. !
ming enough s:ernbacks to vuy for tho work n
It WAS to 10 lNno mt all. I
~ -? the Senate adjourned till Tuesday, t
nth the bill! stili pending
n
House OF Representatives I
In tho House to-day during tho discussion II
4 . private claims bill Mr.. Bland obt cd tho
loor and had tho clerk read n letter from n
brsnd Army post in Missouri. in answer to
ne Of tlla Hartnr unti -Sl,ar