Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1895-02-20
ISSUE CERTIFICATES.
Senate Committee Recommends
100000 of 3 Per Cent.
Due Bills.

w dSnlngtOn, u. o., Feb. 1S.-Ihe full
Senate committee on appropriations today
decided to report an amendment to the
sundry civil appropriation bill for $780,
OO0,OOO of certificates of indebtedness of
denominations of $50, to run for two years
and draw per cent. interest and to be
good only for the purpose of supplying the
treasury deficiency. The bill, with this
amendment, will be reported later in the
day.
Text of the Amendment.
Washington, D. c., Feb 1S-The text
or the certificate amendment to the sun
dry civil bill is as follows:
That in order to provide the moneys not
supplied from current revenues and miscel-
laneous receipts and necessary for the exc
cutlon OF this act and necessary for the
execution OF any act, or all the other acts
passed or to be passed during the present
session of Congress appropriating money
to be paid out of the treasury for the fiscal
year ending June 30 1896, and also in order
10 provide the moneys necessary to be paid
OUT OF the treasury on account of appropri-
atoms heretofore L~lde for the fiscal years
ending June 30, 1893, June 80, 1894 and
June 30, 1895, and not covered into the
treasury, the secretary of the treasury, with
the approval of the President, be, and is
hereby authorized to, from time to time,
borrow on the credit of the United States
such sums of money as may be necessary to
meet said expenditures, and to issue, sell
aad dispose Of, at not less than par, for
amount of certificates of indebtedness, pay
able to the bearer, of denominations of 500
$50 and 500 or any multiple Of 500 and not
exceeding $1,000, as may be needed for said
purposes, bearing interest at the rate of not
exceeding 8 per cent per annum, payable
Sem1-annually, and redeemable at the pleas
IRE of the United States after two years
from their date.
The secretary of the treasury is hereby
authorized, with the appreciation of the
President. to cause such portion of said GER
tiicateS as may be deemed eXpedient to be
issued by the treasurer in payment of war,
rants in favor of public creditors. or other
persons lawfully entitled to payment, who
may choose to receive such certificates in
payment at par
The secretary of the treasury may in his
discretion under rules and regulations to be
prescribed by him, sell and dispose of the
certificates herein authorized at DESIGNATED
repositories of the United States and at
such postothceS as he may select, and the
secretary shall use the moneys received for
such certificates for the purposes herein
prescribed and for no other. Provided, that
the total amount of such certificates shall
not exceed 800, 0O0.000, and provided fur
Their, that the power to issue such certifi,
Gates shall terminate on the LIST day of
July, 1896.
Hereafter any United States bonds sold or
disposed of shall be offered to the public for
period of not less than twenty days,
under rules and regulations to be prescribed
by the secretary of the treasury and shall be
sold to the highest bidder, in cases such
bids or any of them are satisfactory.
Other Important Amendments.
In addition to the bond contract many
other amendments of importance have
been mad tG the sundry civil bill In the
absence e Senator Cullom, the commit
tee divided on the proposition to pay
One-half the bounty on sugar for the
year 1894 as authorized by the Mckinley
law. Authority was, however, granted
to member of the committee to report
the provision with q statement of the
facts. The sum to be appropriated for
this purpose is about S6,000,000 There
is also an amendment appropria ting
100000 for the Chicago public building.
100000 of which is to be Immediately
available and TO be used in securing
temporary quarters and the remaining
sum of 100000 for the commencement
of work on the new building OF the
100000, $4,000 is TO be used in the
employment of temporary craftsmen in
the supervising architects office in the
preparation of the Chicago building
plans. Seventy-fve thousand dollars is
appropriated for the proposed buildings
at Cheyenne, Wyo.; Boise City. Idaho;
Helena, Mont, and Annapolis, Md.
In the sundry civil appropriation bill,
Senator Mitchell's amendment appropriate
ing $4,000 for construction of headquart-
er's building at Milwaukee soldiers home
has been incorporated