The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1894-12-14

ges ted a change in the third provision
so that the lien would not cover the
| funds Of guardians and other cesti
qui trusts. Cox of Tennessee, author
Of the state bank bill defeated last
session, asked how state banks would
be compelled to observe these condi-
tions.
The secretary said the treasury Off
cials would exert proper efforts to see
that the conditions We're observed.
Books and accounts Of state banks
would be inspected and if access was
refused, federal officials would deter
mine on the tax.
Carlisle said he did not believe in
the authority Of the federal govern
ment to assert such authority over
state institutions. His idea was that
federal authority did not go beyond
imposing a tax as means Of COM
pelling the state institutions to observe
certain conditions.
MY position would lead to the log
ical conclusion that all tax on state
banks should be repealed" said
the secretary. ''That may not be
practical at present, but there should
be the least exercise Of authority pos
sible."
In IHE SENATE.
Washington, Dec. 10.-Harris, presi-
dent pro TEN, called the senate to or
der today in the absence of Vice Pres
ident Stevenson, who has not returned
from Asheville, N. G.
Call presented a resolution setting
forth that the independence of the
island Of Cuba is an object of great
Importance to the United States, and
requesting the president to commence
negotiations with Spain for recogni-
ton of the independence of the island
and for a guarantee by the United
States of the payment of such sum of
money as shall be agreed on between
the United States and Spain. The
resolution went over until tomorrow
Call also presented a resolution de-
claring that further prosecution of the
war between China and Japan will
not be advantageous to the people of
civilization, and that the interest Of
the world requires that all govern
ments should unite in negotiating with
Japan and China for the termination
of the war. Without discussion the
resolution was referred to the COM
mittee on foreign relations.
Allen called up his resolution in
tended to expunge a portion Of the
congressional record and to send a
resolution introduced by him last July
to the attorney general. The latter
resolution called for information con-
cerning the Pullman strike. This res
olution was passed, but was re-consid-
cred on motion of Pugh. Allen bitter
ly assailed this action and also at
tackled the attorney general, to whom
he attributed the action of the Ala
bama senator. Pugh vigorously de-
Tended the attitude taken by Olney.
At 2 o'clock the whole matter went
over and the senate, on motion of
Morgan. took up the Nicaragua canal.
The bill was read at length. Morgan
began his remarks by making state
ment of the national and international
aspect of the subject, upon which the
senate and house bills agreed. Careful
calculations, he insisted, showed that
the canal could be constructed at
cost that would yield remunerative
profit so that that it was a necessity;
that it would be of the greatest i'm
portance to the United States; that it
could be operated and that there was
nothing to render impossible the con-
cessions made by the Central Ameri-
can government to citizens of the Unit
ed States.
Washington, Dec. 10.-SeDator Nor
gan quoted from the report Of Chief
Engineer Menocal, who estimated the
canal could be built for $85,OOO,OOO
The two houses of congress practically
agreed that the cost of the canal
would be about $7O,OOO,OOO. Mitchell
briefly expressed his hearty approval
of the scheme to build the canal and
said he thought there was no great
difference among the people regarding
the propriety of the work of construc-
tion.