Chicago Daily Tribune Newspaper, January 16, 1881, Page 1

~The VOLUME XL FINANCIAL. CLEABING SALE. (ONTINUATION oF OUR ARRAT CASH | (SALE. ch lates eee (SIINSHING BARGAINS THIS WEEK. Ladies’ Silk Emb, Corsets at 25c; 65 former price 65e- : Yasies? 3-Button Undressed Kid 00 are eet 250, worth 75e~ 30 1) sU-Linen _ Hemstitched gory el, xtra wide hem, unlaun- dried, at 124 worth 250. , 9-4 Bleached Pepperelt p00 yards 8 4 and oage, remants, af 12%0, worth Se zeces Brocaded Silks, 100 Pismer pricey $i. go Remnants of Fringes and per cent off: jp Bemacntsof Silks and Satins at 40 per cent off pieces Plaid a B5e Breton Laces at 3, 4, 5,6, 8, Gl shades, at 500; Gimps at 50 Jara Cancas at 18¢, worth part ies, jormer prices 8, 10, 12%, 15, 48, and 25e. i bo pair Ladies’ All-Linen Ouffe, slightly 5,000 Pedy at Se, worth 25c- pies ildren’a Lace, Dimity, te | rplet Ol acrod Collars, also Ladies? ans Dibs, Fichus, Scarys, Tics, Hdkys., at.50c on the dotlar. $000 pair Gents’ Wool Socks at 1240, worth 5c. 500 Remnants of Dress Goods at 40 per cent * 45, 50, 65, 75: Indies Felt Skirts at 29, £5, 50, Ay 3000 EES, $1.50, $1.75, and $2; half Of former prices. 200 pieces Ladies! French Hand-made Cotton Underwear at half price. £8 Crash Towelings at 2%, £, 44 5, 3000 piers Sy and 10c; auyul cheap. dove large-size Damask Towels at 19¢; 0 orth Bee 100 pleces Loom Table Linen, all_pure TAnen; rood quality, at ‘18¢, wcorth Boe. f Large-size Cotton Towels at 5c; cheap for 5c- 100 Mink Sets at $8 and $10, worth $15 and - $20. 9,000 pair Children’s Wool Mitts at 10¢, worth 18e. 500 Children’s Wool Hoods at 123z¢, worth 25¢. 9,000 &-inch Platters at 1c, worth 5c. 900 Cups and Saucers at 2c, worth Se. 1,000 7-tnch Plates at 3e, worth Be: ‘200picecs Bést Dress Style Ginghame at The, 1 worth 12hic. 000 picts Beat Tycoon Keps at 12\c, worth 300 pieces Grey Dedieges at 15¢, worth 226 100 pleces Bateens at 15¢, worth 30c. 80 pices Elegant Quality Embroidered Flan- Pineal at 85, ri ‘$125, $1.50, ond $1785 aurful' cheap. “4 -A SLAUCHTER! 400 pices Eupin's Al Wool Black Cashmeres, ever offered tn this market, “Buying strictly for cash enables us to OFFER TREMENDOUS BARGAINS. FP" Money refunded at all times if goods are not satisfactory. BOSTON STORE, “118 & 120 State-st.. WANTED. z1 WANTED TO PURCHASE, NUGIGAN-AT, RESIDENCE, - We wish 10 obtaln fora cash customer a good brick & Rone-front howe on Michigan n Con- ea ana Teaeaime oF leblzan-ar., between Con W. D. KERFOOT & CO., 190 Washington-st. Patership Wanted in Brass Manufacturing or Steam- Heating Concern, Cauid invest SOM to HAO. Address K 6, Tribune Business Wanted. Have tion of $0.00, xten: with si Eaowiedse, md vrincinal part of Senne eee and pune Puan 8 muccessral busttess, Communtestions eons Sdenttel: Must tate natu Bive. Address B24, “peibune ot coumnesy: viet WAS Py aEDAD experienced traveling salesman by SAblahed orm. “Address F 13, Tribune office. __ BUSINESS CHANCES. A GOOD business Opportunity ‘ FOR SALE. ‘of the fin tend, ext Groceries, situated of a Serenty thousand per rear bleh be tbe PARTIES DESIRING T0 _, $25,000 dea basi ‘ reap aaltees pela tong, ertablished. showing the ment, grea for making-the change, adress A ene Adbott’s Patent Portiand Cut. ‘Yor—Sold for Jen, Sinished superior and warranted stronzer than ordin- ary aleighs Also, Abbott's Pat. eu: Rurnor Attachihenta for Qcrery variety of wheeled vebiclex Onis device af thre kind in existence, Bus any anle; perfectly practical, strong and cheap. Wide track fot chy use; parrow track for country RAAVABBOTT & CO., 200 Tabaih hr, Cia, IL i BissoLenion noice, “Sncdess ¢ -DISSOLUTION. te uthorized to settle the business ofan ais LE nOY PES yy Jan. 2, 161. CHAS. D. BLANEY ‘itp engeiesslened have this day formed a copartn: Satoepee? Retirm name of BLANEY & WiLLTAMS, franre and a Eenpoyer & Bisney, for PS, Tmanu- PBs old stand Soto ee Were CHAS. D. BLANEY, 1. M. WILLIAMS, TO INVESTORS. WE OFFER UNTIL JAN. 15, 1881, $100,000 Jacksonvile Southeastem Railway Company First Slerlgage & Per Cent Bonds AT 103 AND INTEREST. THESE BONDS are the balance of ‘an issue of $900.00 on 55 miles of rond, being at the rte af on): 8.80 per mile, from Jacksonville, I.,to Litchfield, 1. ie above railroad connects ut both Jacksonvilio and Jitehfeld with tho WABASH and ALTON BALL- NO BETTER or SAFER INVESTMENT IN THE MARKET, FIRST NATIONAL BANK, Corner State hs GERHARD FORFALSN arte Warianioneee AS. 3 105 Washington-st. | HOLMES & BIO... 35 W: LMES Se EEO. ashington-st. 104 Washington-st. GERHARD FOREMAN No. 102 Washington-st., OFFER FOR SALE CAREFULLY SELECTED Investment Securities, Paying from 4 1.2 to 7 per cent interest. THE DIME SAVINGS BANK, 105 Clarkest., {f }) cmicago. RECEIVE DEPOSITS We; NOT OVER $1,000 UPON INTEREST, TSDER THE RULES. {Investment Securities Bought’ and Sold. HONKY TO LOAN In amounts to suit on Improved Chicago Property, at 6 per centinterest. Special rates made for Large loans on Business Property. Apply to WM. ¥. JACOBS, 100 Dearborn-st., basement. S TABLE GLASSWARE. \ To veduce our immense stock of Imported Plain and. Engraved Table Glassware we will offer our entire as- sortment at a discount of * 20 Per Cent From regular rates. We solicit examination from those desiring a good arti- cle at bargain prices. OVINGTON BROTHERS - -& QVINGTON, 146 State-st. Removal. Wi. H. GRUBEY, Mer- chant Tailor, has removed to 113 South Clark-st., Methodist Church Block. N. B.---I will close ont the balance of my WINTER STOCK at COST. WM. H. GRUBEY. REAL ESTATE. MONEY TO LOAN On Improved City Property at 7 6 ereent perty WRIGHT & TYRRELL, Room 9 Tribune Building. “REAL ISTATE LOANS BAIRD & BRADLEY, Rooms 15-17, 0) La Salfe-st, For 3 or5 years. Made by DENTISTRY. CUT THIS OUT. WE You can return them and get your money back if they do not sult you. . TEETH Extracted Without PAIN by the use of ETI Gas or Vitalized Air. Extracting, 40c, Filling, 1-4 old rates. All work warranted. DR. ABEL, Dentist, G8 Madinon-st., couthwost cor. State. ears’ experience. venings aud Sundays for the relief of pain. Dr. Day, * 133 East Madison-st. Best jacnaes on) $5 CELLULOID, Gold, $10. Filling, 1-4 Old Rates, VITALIZED AIR (Or fs) stven tree for painless extracting. 153 East Madison-st. Inventor of Lower Suction Plate, which never loosens while talking or eating; 5 years’ actual test without a failure. J, 8. SWARTLEY, Dentist, Haring recovered from his illness, it affords bim plessure to be in his office again, to walt on those re- quiring bis services. XY State-st, loom 6. COAL AND WOOD. ° NOTICE. CHICAGO, Jan. 15, 1881. - By action of the Chicago Coal Exchange the price of all sizes of Anthracite Coal was advanced to 9.00 per ton, H. PRATT, Secretary. COAL. Supplied in any quantity to country or city trade at lowest prices, by car load or delivered, Hard coat, Brier Hill, Indiana Block, Wilmington, ete. Office, ‘4G Ls Salle-st. J.D. STONE. Woodand Coal Receiving Wood, Maple and Bench, by rail for the seaeon enables me to make contracts with bakers and Dutcbers who use considerable wood. at low prices. ‘All kinds of hard and soft coal. J, A. AHENS, ‘S61 West Madivon-st. und East Van Buren-st. . COAL FOR SALE. Fifty tons best quality BGG AND RANGE, 97.00, DELIVERED. 3, W. DIX, 54 and 53 South Water streot, COAL. Coal delivered at LOWEST MARKET RATES,on short notice. ¢. A, BARKER, % East Jackson street. Bell Tolepbone. ” OPERA GLASSES, &c. Fine Spectacles sulted to alt sishts on sctentifie Principles Opera and Field Glasses, Telescopes, Mi Groscopes, Barumeters. etc. TAX NOTICE. AXES. Renl Katate and personal Property Taxes for the year 180-in the Town of West Chicaco are now due Bad payable. Pay your Taxes and avuid penalty and cost, PETER SCHILLO, Collector, $6 and 56 South Hialsted-st.. neat Madtson. WOOD MANTELS WL H. FOULKE & C0.,{ witisiay. FOR SALE AT A BARGAIN. 40 Feet on Fourth-ay., between Van Buren and Harrison-sts. Will have a Dearborn-st. front when eut through. This lot is within a block of the Post-Uffica and Cus- tom-House, and near the site of the now Board uf ‘Trade, and will sell for double the price asked in a short time. Apply to W. D. KERFOOT & CO., 90 ‘Washington-st. Sor alerr Nee Symp oh award. Wosiggsd daeddiny ISS. OMA TAPMOLAOLIYn AHEAA, “Im WH gers. Nos x nN \ Bad Unghie aad dooune EER, LOee okey” 4 bay “Deosoorn oe CHIGAGG REAL ESTATE CALL BOARD. See Catalogue of. 35 Pieecs Of Renl Estate at Auction Wednesday, 2 p. m., Jan. 19 CHICAGO KEAL ESTATE CALL BOAKD. U6 Denrborn-nt. . PROPOSALS. . ~~ NOTICE To Contractors and Builders: ‘The Building Committée, inciading: t) Board of District No. 1, Dudgevitle, Wis. lester ce build an 8-room, brick school building in the said vii lage of Nodgeriite, hereby Invite provosnls for fur- nishing material and lauor for the entire construction plete before the advent of evid weather noxt full. In inviting proposals from builders. the Committee re- serve tho right to reject. any and ail proposals, if not entirely satisfactory. ‘The plans may be at the oftice of the School Hoard. at Dolgeville, or of tho nts chitect, G. P. Randall, 8 Dearborn-tt. Chicago. ‘Tho bids to bein the hands of.the un fore the Sth day of Februnry next, a! which time und place they will Be considered. Ww. DODGEVILLE, Wis. Jan. 12, 151 N. B.—The said village the coming spri MISCELLANEOUS, SAVE COAL! Stoves, Furnaces, Drums; and Open-Grate Fireplaces Ipon a new principic. Will save half the fuel, and U yield more bent, | Made only by. THE HESS STOVE CO., 5 Lake-st, PARTNERSHIP. NOTICE. ‘The undermened have associated themselves under the style of THOMAS & PUTNAM, for the purpose of doing business 2s Real Estate Brokers, with office in Portland Block. B. W, THOMAS, Chicago, Jan. 10, 181. JUS. B. PUTNAM. Day Board at Lincoln's, 187 South Clark-st. TWENTY-ONE MEALS FOR $4.00, Bernhardt’s Plays For 15 Cents, at the CITY NEWS DEPOT, 65 State-st., Central Music-Hall. THE PRESIDENTS OF ALL THE LAND LEAGUES OF CHICAGO AND COOK CO. will assemble on Thursday evenings Jan. 20, at tho Palmer House, at So'elock, for the pu nizing a Contral League. By onde: H. 1 Secretary Contra! irish National Land League. VACCINE VIRUS, Fresh, non-tumanired. Yor Sale Wholesale and Ro- tall by the NORTHWESTERN BHaRMACy, 48 Madioug-re, Open Samer oe PHOTOGRAPHY. H. ROCHER, PHOTOGRAPHER, seen PRINTERS. Fine Press-Work from Plates. Composition from New Type. .s5 capacity 100,000 impressions per day. preetSe Quality of work desired.” Per OAT Lowest Established LD. 1865, -147 & 149 Fifth-av, MARBLE MANTLES AND GRATES. MARBLE MANTELS & GRATES Cheap at KEATING'S Steam Marble Wo BP hernia Deaborn-st, pear Jactson. Oitea is ‘Third-av. 5 , B e Irn i to tell you that the Wit sumiego worth & to 25 tines SENSE icles named Holes named below Prico, however, for them all fs but ONECENT ONE COPPER, ONE PERRY, BUYS ANY OF THEM. | Cts Worth of Cents Buys anything named in this column. -Some sro ‘worth 25 cts. "Tis Worth Reading, Your Choice for One.Cent, And every’ article: n our stores is marked st an equally small profit, THAT, YOU ALL MAY BE SUPPLIED, No one person allowed to gobble them all, so you can lepend on tinding every article namo if you come early. TX OUR EVERY THING stoxis JUST AS CHEAP, LADIES’. POCKET; BOOKS, E Full Size, Substantial Clasp, Well Made, FANCY AUTOGRAPH ALBUMS, Nicely Bound, Fancy Cover, Full Size, FINEST STEREOSCOPIC VIEWS, Europenn and American Subjects. * BLACK WALNUT HAT RACKS, 7-Pin, Folding, Strong, Durable, - LARGE SCHOOL SLATES, Strictly perfect und woll made ‘CHILDREN’S PIQUE BIBS, __ Nicely Embroidered; Well Made. ALL. KINDS DRESS BUTTONS, Shirt Buttons, &c., n Miscellaneous Lot 31-2 Y’D PIECE DRESS BRAID, . ¥ull Width Best Alpaca Braid, GENTS’ BLACK SILK BOWS, Boys’ Silk Bows, Stylish and Good. © WHITE (not all linen) HEM'D H’DK’FS, Full Size, White or Colored Border, A DOZ, STICKS STAR BRAID, Rick Rack Braid. Trimmings, &c. SILK INVISIBLE HAIR NETS, All Silk, ANl Shades, Stylish Nets, A YARD OF NICE RUCHING, Ur S Lace Collarettes, for 1 ct. PAIR GOOD CORSET CLASPS, Or3 Pairs Best Corset Laces. THREE SPOOLS OF THREAD, When a number of articles are named we mean that all of them are given fori ct. RUBBER ROUND COMBS, Meto) Back Dressing Combs, GENTS’ POCKET COMBS, In Nice Cases, Fine Combs, &e, PAIR WARM MITTENS, ‘Not ct. Ench, but the Pair forl ct, VELVET PHOTO FRAMES, Papier Mache Frames, Chromos, &c. ZINC FOLDING POCKET MIRRORS. 3 Cakes Good Soap, Bottle Flavoring Extract, Bottic Sewtng-Machine Ot, 2 Good Lead Penclts, 12 Slate Penctis, é be Glaus Spo! ‘aps, German Stiver Thimbics, ae r Bulers and Measures, Pretty Wax Dolls, Nice Box Faint, anica, “I hy & Toy Books for te. Fancy Piper le.” LAMBS’ WOOL LAMP MATS, In All Colors, Beautiful Shades, BOTTLE BEST MUCILAGE, ‘With Brush, Bottic of Ink. &e. TWELVE SHEETS NOTE PAPER, | 12 Envolopes, all for 1 ct, A Leather Book-Strap, Boys’ Canes, Men's Canes, Paper, Bulrpinsy Needtes, jozen of Shoe-Laces, Box AK C Blocks, Hand-Painted Canvas Board Memo. Books, BDozeu of Penholders, 2 Pens with 2 Holders, : ronze Napkin’ Itings, HOW DO YOU LIKE I $0 FAR! KEEP ON. YOUR CHOICE OF All This Jewelry: Fancy Sleove Ruttons, A Pair of Fine Gilt Collars Buttons, Rutbar Bracelets, Jet Long Pins, Fina, t Brooches, Imitation Coral Necklaces, * Crosses, Steal Vest Chains, Plated Veat Chains, Bik Garnet Ear Drops, Brk Cut ping, Coral Scart @_ Vell Pins, Coral Cuff Pins, Coral Assorted Finger Ringe Suiy Beits Jet and Fine Gilt fer Rings Shirt Huuids, Jet ‘Vail Pins, ana ‘10,000 other articles. JUST ONCE MORE AND WE ARE THROUGH, BEST VALUE YET NECESSARY ARTICLES, NEEDED IN EVERY HOUSE. Paper Full-Size Tacks, Japanned Candlesticks, Star pe rin Mateh Sates, mery Mutfe Sharpeners, “ierire Coat Formn, can Openers, ‘MU Pans, Patty Pane. Pie Plates,” 3 Stamped Tin Pint Cups, ‘Toy Cups, Pepper Boxes, cutt und Cake Catters,._ NutmecGratera Spoons, Gimlets, an Corkecreven, Tin Rattles, ‘Toy Banks, Key Blog, . i Muttoner, Glove Hook, &e., e'b’d, ‘Tack Hammer, a =. Blaeing, And Thousands of Other Articter, ete : All at One and the Same Price, CENT | CENT Worth 5 to 2 times the price. - Wonderfal, Incredible, Impossible Asit may seew, ’tistrae. 1 ct.’s worth of Sense, lct’s 7 Srorth of Conts will prove this at SHAS, SOMEWHERE ON STATE-ST. AT SEA. Three Wise Men of. Gotham _ Went to Sea.in a Bowl. One of the Wise Men (Mr. Weaver) Went Along to - Scuttle the Ship.. Progress of the Financial Voyage .of Messrs, Randall and =<" Wood under These Auspices. Yesterday’s Rudderless Debate upon the Bill to Fund the Debt. Blind “Rejection of” All Suggestions, to Raise Interest; or Lengthen Tho 2 Timo. Adoption of.a Provision Giving Half Enough Money for Placing ‘ the Bonds. Effort of Anderson, of Kansas, to in- troduce a Provision Abolishing National Banks. . Attempt of Another Financier to Fasten. an Income-Tax Cou- pon on the Bill. Lowering of the Certificates to the Popular Denominations of $10, $20, and $50. Tho Whole Thing Dragging, and Not to Come Up Again Until Taesday Next, YESTERDAY. A REVIEW. 1 Special Dispatch to The Chtcago Tribune. Wasuixoton, D.C., Jan. 15.—The House did not finish the Funding bill to-day, even in the Committee of the Whole, as had been the inten- tlon, and the subject will now, doubtless, go over until Tuesday. There may be an oppor- tunity toresume Its consideration Monday, but it happens that next Monday is the third Mon- day in the month, which day, under the rules, is devoted tothe passuge of measures by a two- thirds vote without debate, Thore will be but one or two tnord Mondays when such opportuni- ties will be aiforded at this session, nnd, as the reg- ular order cannot be dispensed with except bya two-thirds vote, there is little probability that the megsure can come up betore Tuesday. ‘There are many amendments yet to be consid- ered, and the bill bus reached thestaye where,an opportunity is offered for a general discussion of THE NATIONAL BANKING SYSTEM. It is possible, therefore, that it may not be fin- ished before Wednesday. Speaker Randall had fils own way with the House to-day, and it is very evident that the biil will ultimately pass in substantially the form which he‘desires. Every effort to incoase the rate of interst to 3% per cont, orto give any additional facilities for the circulation of the bonds, was defeated: Tho bill, so far ns it is perfec-ed in Committee of the Whole. isthe bill agreed upen Thursday, au- thorizing the issue of 3 per cent 5-10 bends and 3 per cent 1-10 certificates, with an amendment propoged by Carlisle, of Kentucky, the purpose of which is, in the event that no purchasers can be found to take such bonds, that the Govern- ment shall give the loan astart by purchasing ‘$50,000,000. . THIS VERY AMENDMENT ; plainly indicatvs the plans and expectations, possibly the hopes, of the Democratic leaders— that the 3 per cent bond will not be successful. There is some reason to say “hopes,” because the men who have given the closest attention and study to finance in the House say thatthe action of those who bave beea managing the Dill might at least bo fairly interpreted as prompted by a motive to prevent the refunding |, of the 5s and 6s, and the consequent saving of a large amount of interest. The udyocates of the’ 3 per cent rate . WAVE SACRIFICED EVERYTHING to the adoption of that rate, trusting, perbsPs, to the future consideration of. the bill py the Senate to make the: measure: pructicsdle, or, possibly, desiring fo defeat refunding alto- gether...‘Those who oppose the 3 per cent rate claim that the effect of the bill, ia the form in which it is left by tho House to-night, will be to reduce tha amdunt of securities to be carried in the market by about $100,000,000,. ana, concur- rently, to increase the money in the market by about $100,000,000, and the latter. is a basis, moreover, for four times its amount of, bank eredit, such as. forms the currency by which Stock Exchange and wholesale-trade exchanges are settled. 3 & WILDER SPECULATIVE SCHEME was never conceived, and one fraught with greater danger to the ultimate credit of the Government, they insist, could not be imagined. ‘The bill as it stands is as follows: ' J SECTION ONE. . ‘The Secretary of the Treasury is hereby au- thorized to iestie bonds in the atnount of not ex- ceeding $100,00,000, which stall bear interest.at the rate of Bper centum per annum, redeema- ple at the pleasure of the United States after five years, and payable ten years from the date of ‘issue; and also ‘certificutes in the amount of $300,000,000, in denominution’s of $10, $20, and $50, cither rexistered or coupon, bearing interest at the rate of 3 per centum per annum, redeemuble at the pleasure of the ‘United Stutes after one year, and payable in ten yearg from the date ot Issuc. The bonds and certiticats shall be in all other respects of like character, and subject to the same provisions a3 the bonds authorized to be issued by the set of July 14, 1870; provided, that nothing in this act shall be so construed ag to authorize an increase of the public debt, and provided, further, that, before any of the bonds or notes authorized by this net ate igsuod, it shall be the duty of the Secretary of the Treasury to pay on the bonds accruing in 18S1 all tho silver dollars of 412% grains aud all the gold over and above $50,000,- 000 now held in the Treasury for redemption purposes: and provided, further, that the inter- est upon the 6 per cent bonds hereby authorized to be refunded shall cease at tho expiration of thirty days” otice that the sane have been Acsignated by the Secretary of the Treasury for redemption. SECTION TWO. The Secretazy of the Treasury is hereby au- thorized, in the: process of refunding the Na- flopal debt, to exchange at not less than par any of the. bonds or certificates berein authorized for any of the’ bondsof tho Onited States out- standing and umcailed, bearing a higher rate of {Interest than 434 per cent per spnum, and onthe bonds so redecmed the Secretary of tho Treasury may allow to’ the holders the difference be- the fnferest on such bonds from EAD. tate ot hors uke their maturity,’ and the interes period on the Zonas or certificates issued. But none of the provisions of ibis act shall apply to the redemption or exchange of any of the nds issued to the Pacific Ratlway Companies, and the bonds received and exchanged in pursuance this act shall be-canceled and destroyed. yA a SECTION OREN 6 Si tethe . Authority to issue bonds and certificat amount necessary” to carry out the provisions of this act is hereby geanted. ‘Tne Secretary of the Treasury is-hereby aut and Mme. PRICE FIVE CENTS. directed to make suitable rules and regu- lations to carry this act into effect; Provided, that the expenses of preparing, ssulng, advertising, and disposing of the bonds herein autnorized to be issued shall not exceed one-fourth of 1 per cent. abe SECTION FOUR. le Secretary of the Treasury is hereby au~ thorized, if in his opinion it shall become neces- sary, to use not exceeding $50,000,000 of standara gold and silver coin in the Treusury in the re- gemption of the 5and6 percent bonds of the United States, authorized to be refunded by the provisions of this act, and he may, at any time, apply tne surplus toncy in the Treasury not otherwise appropriated, or so much thereof as he may consider proper, to the redemption or purchase of the United States bonds herein au- anpused: and the pends so. porohased ae re- all constitute no part of the SI Fund, but shall be canceled. el SECTION FIVE. From and after the. 1st day of Juty, 1882, the 3 per cent bonds authorized by the first section of this act shall he the only bonds thereafter recelv- able as security for National-bank circulation: Provided, also, that tho banks whose deposited Seourity-bonds are called in will sulstitute others in Neu of them, but that no bonds upon which interest has ceased shall be permitted to be used as security for circulation: that Sec. dof the act of June 20, 1874, be repealed, and that Secs. 5,159 and 5,160 of the Revised Statutes, relative to the distribution of National-bank currency, be retnacted. : TUE DEBATE DURING THE DAY was monotonous, and was chiefly noticeable for the various efforts to secure the ‘adoption of crude amendments. The scheme of Anderson, ‘of Kunsaa, to abolish the National-banking sys- tem and establish a Government system of greenbucks, which should not be legal-tendeérs, received a vote of 43 yeas to 10S nays. Tho Proposition to fix an income tax was decided not. tobe germane, Biend'’s amendment relative to the use of the gold and silyer reserve was also rejected, as was Warucr's relative to the quar- terly payment of interest on the certificates. The House, however, did decide that the de- nominations of the certificates SHALL BE $10, $20, axp $50, registered or coupon. Singleton, of IMinois, en- deavored to secure the adoption of an amend- ment authorizing the Secretary of the Treasury to issue $185,000.00 of greenbacks in the Treus- ury and the remninder of the 4 per cent bonds authorized tobe issued, but it was rejected. The Democrats have been endeavoring to in- duce McLane not to present his 33; per cent amendment, and it was reported that he had yieldcd. but he did present it to-day, and re- ceived for it 97 affirmative votes and 108 nays. Mr, Frys submitted a sim- ilar proposition, which provided for Treas~ urs notes and bonds at 3% per cent interest, payable annually, redeemuble after one year, payable at a date not named, but inan amount not to exceed $75,000,000 annually.for a total amount of $620,600,000. sir. Frye thought, by such a plan, the debt could be paid in ten years, and declared that the Secretary of the ‘Treasury AGREED WITH HIM. After the vote on the McLane amendment, how- ever, Frye withdrew his proposition, as it cov- ered the main points. The first section of the bili was then adopted, in the form above indi- cated, ‘There was a good deal of talk about’ ‘syndicates and the rate of cominission that should be offered, and the sub- ject remains open. The Democrats sre very Mkely to incorporate a provision in the bill which wiil not allow a sufficient amount of money to buy the paper and to engraye and print the bonds. The Greenbackers were charged with an evident purpose to defeat tho whole measure. Weaver admitted that such was his purposé. The cost of the preparation of these bonds and notes will be more expensive toan a simple form of bond. THE RECORD. HOUSE. Wasurtxaron, D. C., Jan. 15,—The House went into Committee of the Whole (Covert, of New York, in the chair) on the Funding bill, all de- bate onthe first section “and amendments’ thereto being Hmité to ten minutes. The pending amendment was that offered Thursday by Mr: Anderson. : Mr. Price inquired of Mr. Anderson what he expected to accomplish by bis amendment, which notes and for the issue of currency notes. Mr. Anderson replied that by issuing eurre-¥ notes when National-bank notes should, ¥ve been retired the country would gain thizthat ‘Mr. Frye gave notice of a substitut Which he proposed to offer for the first section Providing for the issue of bonds and Treasur*Hotes to tha amount of $620,000,000, and bearié’5!s per cent interest, and redeemable after of Year. Mr. Anderson's amendment wa then rejected, —46 to 108. THR NEXT AMEXYMENT —- was that offered by Mr. Dibra! imposing an in- come tax, the revenue of Which shail be ex- clusively used for the pment of bonds and notes herein authorized 9 be Issued. The tax 4g fixed at 3 per cent on all net incomes of over $3,500 and under $5,000 and _at4 per cent on all net incomes of 35,090and over. ‘The amendment “ rejected,—87 to 98. Mr. Phelps offerd an nmendment providing that certiticates suall be issucd in denomina- tions of $10, $0, and $50, either registered or coupon. Adopied. Mr. F, Wood (N. ¥.) and Mr. Frye (fe.) raised a point of order that the amendment was not germane, and was substantially similar to the bilis pending before the House. The Chair sustained the point of order, and the amendment was not admitted. * Mr. Bland offered an amendment providing that nothing bercin contained shall be construed. to require’payment in gold or silver coin for the redemption of certificates issued thereon, nor to reguce the coin -heid for resumption purposes below $50,000,000, nor to require the payment of coin which may be necessary toredeem the pub- lic debt on which intercst has ceased. Dir. Andergon offered asa substitute for the first section an amendment authorizing the See- retary of the Treasury to Issue bonds notex- ceeding £500,00,000, bearing Interest at a rate not exceeding 34° per, cent, redeemable after two and payable in ten yenrs, and certificates to the amount of $30,000,000, bearing Interest at a “Tate not exceeding 3! per cent, redeemable in one and payable in ten years. Rejected,—33-t& 95, a party vote. \- 2 ‘Dr. McLane offered as A SUBSTITUTE FOR THE WHOLE BILL an amendment .authorizing the Secretary to issue bonds and Treasury certificates of denom- inations of not less than $10, in amount not exceeding §837,000,000, which shall bear interest atarate of not oxceeding 3! per cent, redecm- able after one year and payable in ten years, but no more than $100,000,0W of sald bonds or certifi- cates shall be redeemed in any one fiscal year. It also authorizes the Secretary, in the process of refunding the National debt, to exchange at not less than par, any certificates herein anthor- fzed for any of the bonds outstanding and up- | called, bearing a higher rate of foterest than 413 percent: provides that said certificates shall not be sold or converted at less than par, and makes 334 per cent.bonds receivable as security for National Bank circulation. = ‘Mfr, F. Wood ratzed the point of order that the question ag to rate of interest HAD BEEN ONCE FIXED 2 could not be changed. “The Chair sustained:the point of order, and -ruled the amendment out. Mr. Keifer appealed from the decision of the Chair. x nals: discussion arose as to whether it was in order to debate the appeal. | ‘The Chair decided {t was, and Mr. McLane Committee failed to make an intelligent dis- tinction between a long bond and a short bond, it would have no right to take exception to the Senate, when it sent back a higher rate percent if it conceded a short-time bond. The Com- argued that nis amendment was in order. If the | near son, Buckner, Wells, and Hutchins, Democrats, yoted in the affirmative. Messrs. Updegraft of Towa and Washburn of Minnesota, Republicans, Yoted in tho negative. Mr. Carlislo offered an amendment author- izing the Secretary of tbe Treasury to make suitable rules and regulations to carry this act into effect, ‘provided that the expense of dispos-. ing of the bonds and certificates shall not ex- ceced one-fourth of 1 per cent. Mr, Clatiin moved to amend by making it one- half of 1 per cent. Messrs. Randall and F. Wood opposed the amendment. i Mr. Frye said the Committee bad done a mare velous thing in providing a short time 3 per cent © bond. Now it wauted todo another marvelous thing. It seemed to him there wus a determined Purpose on the other side of the House andon the part of the rentleman from Jowa (Weaver) to break down all possibilities of any funding operations, and to press through a bill withsuch amendments as would prevent all success on the Part of the Secretary of the Treasury. Mr. Weaver— You Mr ME RiguT. : Mr, Cox denied that any such motive existed ox his side ot the House ag the gentleman from Maine surmised. Mr. Frye suggested that he had hit Weaver right. en q - Mr. Cox replied that he only spoke tor the gentleman from New York (himself) and those whosataround him. He wanted this Dill so Hmited and so guarded that it would not be subject to the interpretation of the bill provid- fog fortand 434 percents. The syndicates at that time had received 3, 3!z, and even &per cent, though the bill only allowed one-half of L percent, He did not want any intervention be- teen the people and the Government. Mr. Hastell intimated that it was the purpose. of the other side to fool the people, and thrust out a miserable pretense of a Funding bill,when every banker and business man knew thatad per cent bond could not be negotiated success- fully. 5 Mr. Randall said that if he. thought one-haif of 1 per cent were essential he wouuld willingly pay it, but he did not consider it necessary. Mr. Claflin's amendment was rejected, and Mr. Carlisle's adopted. Mr. Carlisie moved to strike out the fourth section of the bill, and insert an amendment: authorizing the Secretary of the Treasuryto - use, if he deems it necessary, not exceeding $50,000,000 of standard gold and silver coin in the Treasury in redemption of 5 and 6 per cent bonds of the Unitea States. authorized to bere- funded by this act, and to apply the surplus moncy inthe Treasury in the purchase or re- dcmption of United States bonds; provided the bonds so purchased or redeemed shail constt tute no part of the Sinking fund, but shall} canceled. : THE AMENDMENT WAS ADOPTED. Mr, Hutchins moved to strike out the #¥ secton ot the bill. He did not believe 30 coulé be negotiated at 3per cent, No my oo this floor would invest in those bonds sf Per cent, If there was any, let him roe, He (Hutchins) did not believe the averagoaitican was wiore patriotic than a member of CABTess, and would take those 3 per cent knd. out of patriotism. 1f Congress made the steapt and failed, and provided, as was propce¢ 1m this. fifth section, that from and after yo Bt ofMay, 1881, the 3 per cent bonds shail be ae July bonds receivable as security for Nation!-dank circu- lation, the Governtnent would fid itself fn-ants position: that withia four mons Here must bo acontraction of the currency ¢, the extent of nearly $100,000,00% The Hise was playing around a powde magazip With matches. It was putting itérthe powerOf the banks sod moneyed mf’to bring*boutsuch a calamity and financf commotion _6 HAD NEVER BEEN SEEN. He dia20t belieyo zne bonds could be floated. He dj/0t believe’ any man in the money- emits thought they could be, and yet Congress - ‘proved to try the experiment. It SHoutd'not oO. « a be? F., Wood seid he differed in his views very such from tis colleague (Hutchins). -He Wood) for die would never concede therightof - : ,/any modeyed corporation to dictate to the Gov- - provided for the retirement of Natfonal-bank/ Srament whatit snould or should not do on the subject of its-own credit and its own money. He did not believe it was absolutely necessary to take into consideration the fact whether or not the banks would take those.bonds. ‘Congress the United States would be the only powr B3v- 7 ‘ : as not to be alarmed at threats ing anything to do with’ the currence f fhe | 7o, intimidated by inuendos. “Ny de- ° country. pression of the money market would. or could be made in consequence of the passage of. his bill, but it would strengthen public credit. Let Congress do what was right, and-the-bunks would do what was profitable. He condemned the shameful policy of the Government in ask- ing and humbly. beseeching syndicates, and banks, and capitalists in Europe and New York to be so kind -as to take its 4and 4% pez cent bonds- ‘The time bad arrived when Uncle Sam was stal- wart, and stood upon his imperial power. He {Applausé on the Democratic side] (Wood) would never consent, in the last, expir- ing hours of a public life of forty years, that this great country should hawk its ‘eredit in the money markets of the world. ; [APPLAUSE.] - Mr. Carlisle moved to strike out the fifth sec- tion and insert in lieu thereof a proviso that after May, 1881, the 3 percent bonds (authorized by this act) shall be the only bonds receivable as security for National-bank circulation or as sc- curity for sefe-keeping of public deposits, but that, when such bonds deposited shall be desig- nated for purchase or redemption, the banking association depositing the same shall ‘have a right to substitute otner bonds of the United States; prgvided, further, that no bond ‘on which interest has ceased shall be accept- ed or continue ou . deposit for security for circulation or safe-keeping of public money, and, in case the bonds sa deposited shall not be withdrawn within thirty days after interest bes ceased, the banking associution shall be subject to the labilities provided by Sec. 5,024 of the He- vised Statutes. It repeals tho fourth section of the act of 1874 and re@nacts Secs. 5,149 and 5,160 of the Revised Statutes. The Committee then rose and the House adjourned. < . ‘The Rules of the House provide that-en the first’and third Mondays of each month motions to.suspend the rules shall be inorder. Itis Ytherefore believed the Funding bill will not bo agnin considered until Tuesday, when it will probably’reach a final vote. (CASUALTIES. |.“ BLOWN TO ATOMS. * Speciat Dispatch to The Chicago Trivuhe. BravrorD, Pa., Jan. 15.~L. Garthwait, an em ployé of the Roberts Torpedo Company, was Dlown up by nitro-glycerine to-day. He bad lowered a forty-quart torpedo into swell pear i. the welt made a sudden fiow, Erector Into the alr, He caught it in his arms, and, on the rebound, the thing ex- ploded, blowing ‘the man to pleces. He was Tyarricd, and leaves a family. : A FATAL FALL. Spectat Dispatch to The Chicago Tribune. Evxuarr, Ind. Jan. 15.—Louis N. Guyer, chiet. line-repairer of the Cincinnati, Wabash & Mich- igan Railway, fell of a water-tank at Sidrion at noon to-day, striking his head upon the ratiroad fron. His skull was fractured in three places, ‘The scalp was terribly tora. He died in about three hours of strangulation by blood. He was puncacectos: when found, and remained so until a VICTIMS OF A SNOW-SLIDE. Denver, Colo., Jan. 15.—The dead bodies of Knox Pinckard and a colored servant who were swept away by a snow-slide on the mountains Georgetown bave been recovered. Will- iam M. Pinckard was found alive and not se- riously injured, afcer being buried in the snow for several hours. ¥ DOWN AN EMBANKMENT. Panis, Ky., Jan. 15.—The Northern passonger mittee had proceded in an extraordinary man- ‘train at Lairo jumped the track yesterday morn- ‘ner, under the lead of the gentleman from ang, and the engine, tender, baxgage, and smok- ‘Pennsyivania (Randall). It had fixed a time, therefore it bad never had an opportunity to ing cars were thrown down an embankment. ‘The engine was totally Semalished. and Wiliam yote whethér.it preferred a 3} per cent short | Sullivan, freman, was fatally .bond or «3 per cent long bond. ‘ ” Mr. F. Wood, then, at Mr. Randall's sugges- tion, withdrew his point of order, and allowed s vote to be taken upon it. _. It wes rejected,—97 to 108, Messrs McLane, |" .} Morse, Henry, Dunn, Johnston, Warner, Morri- | County, Mich. "'S STEPFATHER. Gartield’s father, "70" years, died Inst ight at bis home ia “Byron ownship, Sant e