Chicago Daily Tribune Newspaper, January 19, 1881, Page 1

} AND WILLOUGHBY, HILL & CO. can’t give you 20 per cent discount in dull season of the year. Their Custom Department paid them 13 per cent for the yeat’ 1879, and not quite rg per cent during 1880; 80 you see where they would be if they gave TWENTY per cent off. There are places where they offer TWENTY per cent discount, and we want to say right here, that our prices for the 66 BEST CLOTHES?’ that the (¢ BUST WORICHIEN’? can make ‘are fully 10 per cent Jess than 20 per cent off will be at above spoken of “places.” Wil- Joughby, Hill & Co, claiz to have as good workmen as there are in Chicago, and wish you to know upon what they base such.a claim. ‘Tis the fact that they pay thelr help the cash 30 seconds after the work has been satisfactorily performed; aad the best workmen seek ‘Willoughby, Hill & Co. This is the first time since last summer that the Custom Department at Willoughby, Hill & Co.’s dared to ad- vertise, becuse they had ajl the work they had facilities to do, and {Do as Well?’ as they dodo. Dodropinn to the Custom Department. Corner Clark and Madison-sts. COME! oven Wire Bed Lounge Upholstered in any style, Gives a perfect Woven Wire Mattress Bed. Erin peel? ame When closed has no sppenreace ofa Bed Lounge. MANUFACTURED ONLY RY NION WIRE MATTRESS’C0., &. T&D North Clurkest.. Chieago. NEW PUBLICATIONS. FEBRUARY ATLANTIC, +, Ready, for sale everywhere, contatns: Friends: A Duet, Two new chapters of a brilliant Serial Story by Elizabeth Stuart Phelps. Phoarethe Aryans? The first paper ofa most interesting series, on the Ary-~ ang, their Folk-Lore and Traditions, by + John Fiske. dn London Again. An engaging article on Guildhall, Wapping, London statues, weddings, and:.funcrals, by Richard Grant White. - a fhe Portrait of a Lady. Four addi- tional chapters of Mr. Henry James’ re- markable Serial Story, Reminiscences of Washington. A chapter of personal, social, and political recollections of the Taylor Administra- : tion, by Ben. Perley Poore. ermanCo-operative Credit-Untons, A paper full of suggestive information, by Richard T. Ely, The Future of American Skipping, An article of great interest to all who tightly appreciate one of the most im- portant elements in American com~ merce, - . he Contributors’ Club, Reviews of New Books, etc. Now is the Time to Subscribe. 35 Cts. a number; $4.00 a year. HOUGHTON, MIFFLIN & CO., STERLING MUSIC BOOKS, NEW ENGLAND CONSERVATORY METHOD FOR THE PIANO-FORTE, pltparte: ench #10, or complete, Fah, hte 1a a sited Of oetabltstind reputation, whieh han beon I Slane uve tu thy grunt Conservatory, und ts gutting a boeverywhere ktawn utd valued, Has recelvu ecled commendations from th bust touchurs. ALY OF MUSICAL INFORMA. Yery conventont book of reference. ‘8 DICTIONARY MUSTO and Na. Vol.1. ($6.00). A ‘encyclopedia, DICTION. ‘omplote, $5.00), Ch VOUNTERPOINT (F200). is MUGUE (S20), ‘Two standard ATE CHOIUA (81.00, for tit AE chen: tor Comman TI feboo! SONG Hi it bo in tho aiind of evury toachor in Echoote, und WON Febools, sh b Berdof new books, JOUNKONN NEW METITO MOMEON'N NEW METHOD For 1a tt. stanley, devtadeonttd, Mvoxeot for EEA, IGEET (12 cta), THES. BEH 15 ote), and SEU LE B BOOK BE MPERANCE GLEE (0 cha, Surthres bust Yomsporanco Hooks, ‘ry then ee Avy Wook malted, post free, for above prices. LYON & HEALY, Chiongo, Il. OLIven DITSON & CO., Boston. AN IMMENSE Colored Fashion Panorama Paris. comprisin theoaaoh ot MADE ‘ WEN AS. uw roady. Als a Due Auiue Vendor Stuoke sAiso a Gigunia Supplement and Cg treF, Showing ‘alt Latost Fashions for Ladies ildretl, with Cut-Out Muttorna, Alau Sluste, ylivelbon, oh } Smlety ele aud continuous wlaries by popular authors, ee CUE Ladtes’ Journal tsa Goud literary a8 Cee remit ele cue dulnat ehh ‘| MI aa Wi mle. “he Journ {ound satu by all of the. Tale wx who hus dal.’ Cinelnnutt Gusutto, 1 tothe taates und neuda uf Huston Journal, at sADIE JOURNAL bs for sale by alt Peaud nows deulers, ipa elude alt’ the supploments, B cents, Rote wubseripiion (thirwen naiabure), Las NUDE, BLO, Ne Seternaional Nene ( . ise ma lisusl Neus Company, Sf Beehoanst, Ko ~~ BESOLUTION NoTIC ™ DISSOLUTION, dates Of PENNOLER & LANEY ts thle day Sone ule, Wwulual consent.” CHAS. D. BLANEY ia fina’ rized to nettle, tho basliuss of the lata Stleago, dan. tt, CHAS, DLA” ee TAB, 1D. MLAN Rip UNtersigned have t uy formod a copartnor- sequitder Whur ham UF MANGY & WILL AMS, Betura aud su Punoyer & taney, for ie wanu> Be old aati, Sout Wa Waibuatowye nn Larue q CHAS, D. ILANEY, Cleate, Jun, [abl 32, 13Hh ja BI, jah . — J. M. WILLIAMS. € Dp arate it ae Ladi hbo Se MEULOID (Water-proof Lin- w Cuihs, Colturs and Bosoms, Price or, and Goods sent by mail, Call dagltess BARNES’ Hat Store, 86 . Honest, Wibune Buildlig. PROPOSALS. VAULT FITTINGS. Cook County Court-House, Sentod Proposnts, wilt be recoived up ta 12 o'clock mr. of Monday, dun. 2h by the, Hoard af Coutity Come Tuissloners of Cook County, for the Vault Fittligs In the New Court-House, as follows: 2250 Tin Record Boxes, ind tron frnios for same. "Tin Drawers, nnd Iron fran Miib trun Book Racks, and ul Clonota, Bids for the above to be made either on Wrought Iron. Cast Iron, Malleablo Iron, oF weombluntion “Of either, Sunipien to be submitted with tho bids, and to bo in neeor Ith the pling, drawings, Wad xpecitien Alone 1 ilont tha oltica ur JAS. J. EGAN, Are ehitoct, 20 Iawiley Hullding. ‘All proposuls to by accompanied br 9 penal bond In the aun of Five Thousand Dolinra guaranteultur, propor exgcution of thy vontruct In cuaa the proposul of, speclticntions und form of bonds ny bo fad nt the Architect's oflles. A) bits b ve delivered to the Clork of the Hoard, foo 4 Criniinal-Court Bullding, inbly Grday of the Jaint Committee an Pubiie Bulla ngs und Publis Borvice. C, 1, COUURN Chairinan, Proposnia for Anhalatence Stores, Orvicg oF PURCIASIN MAWA, Neb, Kealedproposals tn duplicute, anbject to the usunt conditions, Will bo recelved nt tie uMica until 2 gielueknedn on Keb, i. Ids), at wbleh timo and place thoy will bo opened in, presenco vf Widdors, far fur- nisfitn oud dalivery atthe subsistonco storohouso, ren: ‘Onu iundrod and fifty (180) barrols pork, light moss, tg bo dullvorud by Match tb, isi ‘Twonty-tlvo thousand (su ‘pounds bacon, short, clear sides, modium weight and thickness, packod in Grates, strapped, of about ZY pounds bicon cach. Hach bluca bf Unenn ty bo euvorad with cotton cloth. Alto Lo dollyorod by March 13, 168. ‘two thousund (200) pounta broshfast bacon (thin. brensta), canvared, und In sluttod boxes, strapped, of ubout 10) pounds bronkfast bucon ouch, ‘To be dolly doy Sturelt 15, 1681 onthirtyetwo. hundred and forty (3.240) fve-paund tin; lard (pure ivar), twelve tins lnk case, atrapped., Buch tin mnt hold actunity five pounds not to he aecoptads fpeiea Dor tin and not por pound to bo atated, to be dur iverod by March 15, 18, ‘Tho Governinent resorves'the right to reject any or all propusnis, Hank proposals, and full information as tothe man- nor of Uldding, conditions ta bo observed by bidders nid tons of contract und paymiont, will ba {urn di onapplication to this olticu, No proposal will bo cons Ridored unices accompanied by tha printed " Instruc- tune to Biddors to bo procured ut this urtica, Knvelopos contalning proposits whowkd be marked “ Proposnis for Bubsistence Stores,” ani the undersigned. NOM, RUNNER A'TPACHME: for all st Dolivery WINANCIAL HONEY TO LOAN In amounts to suit on Improved Chicago Property, at 6 per cont Interest. Special rates made for Largo leans on Business Property. Apply to WM. Y. JACOBS, 100 Dearborn-st., buscment. MONEY TO LOAN By JOSINIL TL, REED, 52 William-st., X.Y,» Inamonntans roquirod, on IMPROVED CHICAGO See th Meieeatatd trornptly sttonstod to by pplication rec ee TUALAUN,® Leandolpli-et, 5 62 COMLMISSION OLTIRC. NES, FIELD, LINDLEY & 00., Commission Merchants NEW YORK, CHICAGO, AND BALTIMORE, 88 & 90 La Salla-st., Chicago, ae ENwaun M. Finy, JOUN PD. TUTERDELIn Da “KY, = tpwann 8. Wasiuuny, Cynun W. FY i) RAETORL ENE, sniengrord oud Ae WN, chara es BOONE NOVY “AY ONS OL WAR S ON Ask Goatg, ov Kore CADPURR QeTeS, ane Waker Watkod[s WO “Deadsoon Se. SELECE TAILORING, 20 PER CENT DISCOUNT On atl HEAVY W: INTEN goods during January, 10 PER CENT DISCOUNT On ALL OTHER gouds during wsme month, EDWARD ELY & (0, Tailors, PICTURE FRAMES Bir, Baud Wh Websusl-awy, WEDNESDAY, JANUARY 19, Bye Gribure., , JANUARY ‘1, 185. Tir Refunding bill was beforg the House yesterday. Wood, Randall, Kelley, Warner, and Weaver spoke Jn stipportof tha 8 per. cent bond elanso of the bill, Messrs, Hla eoek; Horr, and Gen. Hawley spoke against the measure as imprnctleable. Horr said that the Democrats supported the Carlisle clause of the bill in orter to destroy the National-banking system of the country, Ho then humorously entunernted what the Dem: ocrats were opposed to, and said the only things which they favored were fraud, forgery, and free whisky. The Carlsle amendment was adopted by a vote of 123 to 101. It pro- vides that after next May the National banks shall deposit 3 per cetit bonds tn the ‘Irons. uryns security for their elreulation, The bil will in all probability be passed in ily present state this mourning. — Tue following United States Senators were chosen yesterday: In Connectteut, Gen, Joseph N. Hawley, to succeed Senator Eaton; in New York, tho Hon, ‘Thomas C, Viatt, to succeed Senator Kernan; in Maine, the Hon. Iingene Inle, to sucered Senator Hamlin; in Mehigan, Senator Baldwin was chosen to succeed himself for the ‘short term, and tho Hon. Omar D, Conger was chosen tor the long term as Senator Baldwin's successor, In SJndiana Gen. Ben: Harrison was elected as the suevessor of Senntor McDonald, Sen- ators Bayard, Dawes, and Cockrell will sue- ceed themselves. One Democrat anil one dependent voted for Gen, Hawley In the Con- nectleut Legislature. Senator Eaton, Chairman of the Senate Committe on Foreign Affairs, says that his Comnitice will report to the Senate a reso- lution emphatic fn Sts hostility to the con structlon of a Panama Canal by foreign capt- tal or under the auspices of the citizens of any forelgn nation, He betteves In tho strict enforcement of tho Monroe doetrine, and that the Government, If necessary, should resume power over the Isthmus of Panama In order that tho Interests of this country muy bo protected. A MmEAvY snow-storm prevailed tn Great Britain yesterday. The mtense cold has not been equaled there for twenty years. A fieree gule awept the south and east eonsts, Ono vessel was wreeked off the Scilly Istands, and there Js no xccount of the crew; two ves- sels have been driven on the Cornish const, and one bark and: several fishing vessels on tho Essex coast. Telegraphic and mall com- munication between England and the Con- tinent is vory serlously interrupted, : ——— Ti State Scnate passed resolution yes- torday empowerlng tha Senate ‘Conunittee on Railroads to Investigate charges and com- plaiits made against the Bonrd of Railroad and Warehouse Comuissioners to the effect that they have neglected to enfurce the law against railroad corporations and warehouse owners, ‘Tho resolution calls on the Com- inisstoners to produce such evidence as fs in thelr possession with reference to these charges and complaints, —ee ‘Tu San Franciseo Calt-deprecates the op- position of the Pacific Const Congresstonal delegation to tho recently negotiated Citnese treaties, Vho Call thinks that with appro: priate legisiation offensive Chinese immigra- tion can be prevented under the inunigration treaty. Tho Sin Francisco Chrontcte says that the only persons who will oppose the treaty are “Sand-Lot” and demagog Denio- crats and Eastern sentimentalists, Ex-Secrerany Tuomrsoy and Mr, Webb, of New York, wore before the Mouse Com- iittes on Forelan Affairs yesterday In rela- tion to the Do Lesseps canal project. Mr ‘Thompson argued that the construetion of the canal would redound to the benefit of the United States, white Ms, Webb held the con- trary opinion, and expressed himself as favor- ing the enforcement of the Mourue doc- tring, Tun charges and complaints. brought against tho Railrond and Warehouse Com- iulssioners which the Senate Committee on Railroads have beon directed to investigate are: (1) Neglect to bring sult against rall- ronds after notice pf discrhinination against shippers; (2) failure to exestite proper su- pvervislon of warehouse and grain Inspection, Jacos Froyp, of Concord Township, near Dubuque, set a trap to capture wolves Mon- day evening, Yesterday morning he went out to examine, and found fn the trap aman Instead of a wolf. Onw of his neighbors, tempted by curlosity, was experimenting with tho trap, and hud both hands caught In ft, Io was neurly frozon to death when found, Acconnina to Gen. Skobulalf, the Turco- mans made a desperate attempt to breal the Russian anilitary cordon round Ceok-Tepe on the 9th inst, ‘Iwo sortles were made slmultuneously, but both were repulsed with severe loss to both sides, On the 10th the Russians captured some of the outworks of the beleaguered cit; Mn. Spans, Chairman of tho Wonse Com- inittee. on Milltary Altairs, yesterday reported adversely the bill ty place Gen, Grant on the retired list. Gen, McCook brought in a nilnority report favoring the bill, and setting forth the disthuruished services which tho ex-Presidont had rendered the United States, AT 6 caucus of the Wisconsin legtstaters favoring the election of the Hon, Phiietus Sawyor to succeed Senator Angus Cameron, fifty-flve menibers wore present, and three others sent pledges, As it requires only fifty-four votes to olect, lt would seem that Mr. Keyes js doomed to dofeat once more, Seer ‘Tux Board of Health of New York City passed an ordinance yesterday making Ita milsdemeanor, punishuble by a fine of $250, to hold « pyblic or ehureh funeral over any one who dies from smuall-pox, diphtheria, searlet-fover, yellow-fuver, — typhus-fever, Aslatio cholera, or other contagious disease, ee ‘Tu Nebraska Leglsluture balloted for | United States Sonator yesterday without result, ‘The highest vote (30) wus cust for Senator Paddock, Weaver and Van Wyck, both Ropublcana, received 14 votes cach, Judge Wakely, the Democratic candidate, recelved 20 votes Poti ‘The Rey. Mr, was flued a few days ago for having clubbed a person named Os- borne, who Interrupted lilia while preteliug ut a meeting in Orange County, Indiana, | ‘Tue House Comuitres on Eloctions yeeter- day presented a report signed by all thomen- vers of the Committes in Savor of unseating Mull, the Democratle Congressman from the Second Distrlet of Florida, and in favor of giving hls seat to Bisheo, Jr, the Repudllean candidate, Gen. Kelfer, of Oho, who In- {roctuced the report, gave noticasof his In tentlon to call Jt up for action at auearly day, Gov. JAanvis was Inineurated’ ns Gove ernor of North Carolina yesterday, In his inessage he bade the Demoernts be of good cheer, und urged greater attention po the eduention of the people, He also “urged legistation which would encourage tnint- gration. DB Jundes Wawes AND Mornay are under- stood to have written to the County Com- missioners calling on them to select petit Jurors in accordanes with law. <The jurors who have done daty in. the Criiniial Court reeuntly ure not good speeimens of humanity, pewehtonsr ud cert . * Mus, Anon Burien, of Detroit, being aivised to take an ‘alcoholle swent-bath, placed a suucer full of aleoho! on the floor, set iton tire, and deliberately stood over tt. Mer clutheseaught fire, and she was terribly burned. She will scarcely survive. e Leglstature balloted for a United States Senator to succeed Senator Halley yesterday, ‘The ballot! stood May nord. (Re; 413 Bailey (Dem.), 223 Savage my Wem.), seattering, 14. Necessary to a cholee, G1. A ALLOT was token for Senator fn the Pennsylvania Legistature yesturday, It re- sulted: Oliver, 95; Grow, 58; Wallace, $4, Mr, Brewster, of Philadelphia, Wayne Mae- Veagh, and Henry Carey Baird recelyed one vote each, : ‘Tan Lancashire (Eug.) coal alners to the munber of 60,000 ure on a strikes Disturb- ances are feared, and a regiment of Mussurs: has been dispatehed to the scene of the strike to be ready for any emergency that may arise. ‘Tin: Ben Molladay elaim occupied most of the time of the Senate yesterday. It was finaly disposed of by voting $100,000 ns full payment for all elaims that Ms. Holladay muy have against tho United States, his: West Virginia Democratie legisiators cused lust night for Senator without re- sult, Mr. Camden reeelved the highest vote, ‘rhe other usplrants. are Seuntor Hereford, Gov, Mathews, and Mr. Brannon, Sexaton Wont introduced 9 bill in the Stale Senate yesterday providing for a con- solldation of the several Grand Divisions of the Supreme Court, and fixing on Springfletd us the location of the Court, J.D, Cunnk and Cal Carey hada dispute inv saloon at Hanover, near Galena, in this State, Mrom words thoy came to blows, and Cheek was so severely hurt that he died a few hours after the row, es ‘Tue State Senate discussed at some length Senntor Mann's bill with reference to the ennnl sowags yesterday. ‘The bill was finally referred to the Committee on Canals and Rivers. Wr: ‘fro promised-c slowly saging tompora- ture, varinble winds, generally. from south to west, and clear or partly cloudy weather in this region to-day. Carr. W. B. FE H, of Detrott, who has long been prominently connected with min- ing Intereets in Michigan, died yesterday. ‘Tin Michigan Legislature has passeil resvlutions requesting Gen, Gartleld to ap- point ex-Gov, Bagley to 1 Cabinet position, Dn. Levin Sarr Joinns, one of the most prominent physiciins of Virginia, died yes- terday at Richmond tn his 62d year, Gov, Larr.urinen, of Rhode Island, in hits Inaugural message favors permitting women to vote for schoul-oflivers. Two runtic schools in Jersey City were close! yesterday on accountof the prevalence of seariet-fever In their vicinity, ‘Tie ncrenge of curn in this State last year Was 7,574,545, which yielded 250,607,036 bush- els, valued at 383,757,059, Tunjifon. Alexander Mackenzie, the leader of the Opposition In the Canadian Varlia- ment, 1s seriously fll, ‘Tsu: stores of Ely G. Fox ant HH, L, Chit- tenden, at Marysville, Mich., wore destroyed by fire yesterday, 5 Gov. Luptow, of Now Jersey, was Inau- Rtrated yesterday, A FOOLISH WOMAN, Speetat Dispatch to The Chieayo Tribune, Dernorr, Mich, Jan, 18%—Mrs, Josephine Buettner, wife of the Seerotary of the German Braneh of the Young Men's Christian Asso- elution of this city, was-the viethn of a horri- ble avcident to-day, resulting in her death afler undergolng terrible torture for severnl hours. ‘The unfortunate lady was enceinte, ant, of course, troubled with patus Inekdent to her condition, und was advised by some okl women to take an alcohol sweat-bath, Sho determined to act upon thelr suggestion, aAtatime when she was slono in the house sho placed a saucer containing alcohol on the floor, set tira to ft, and thon stood over the saucer without first retioving her eloth- ing. . Mer dress and underctothing suon took fire, and, hoforo she realized her danger, she was enveloped in flames, Tear took posses- ston of her, and she ran wildly about tho room shrieking forald. When the persons who fad heard her despairing shouts en- tered the house the poor woman was found rolling wbouton the floor, writhing in great. agony. Dy this tlme overy article of her clothing, excopt her woolen stocking, had been burned to acinder, Phystelans wore hurriedly stimmoned, but It wis seen at Once that she had been fatally burned, Mer whole'body, from the neck dawn, was a niiss: of blisters and halt-roasted flesh. ‘Lhe we fortunate woman was but 23 years of go, und died late this afternoon, ‘To the Western Associated Press, Dernoit, Mich, Jun, 1—Yesterday noan ahorrible ucchdent hippened to Mrs, Buctt- ner, wife of Adolph Buoftper, 5 tary of the German Branch of the Y, A, who resldes In the northern partof thi’sity, Mrs. Buettner had been advised to take xn alco- halle sweat for somo uflient, and Ignordutly placing a saucer full of aleohol on the floor,” set fire to It, and thon stood aver the saucer, wearlng her ordinary clothing, ‘Pho Hames set fire, to her undergarments, aud ina nos. ment the unfortunate woman was a mass of ‘ames, She was gtonv iy tho house, but aneighbor heart her sereams, and arrived ’ before her clothing Ind entirely burned olf, Mra. Buettner 13 35 years of age. Shu ty still’ inaeritical condition, aud may not recover, PAGES. FORCED LOAN. Democratic Anti-Practicables Now Have Done Their Worst. Their Eunding Measure Stands as It Will Go to the Senate. National Banks Must Take a Bond at 3 Per Cent for One Year, If They Are Unwilling to Do This, Thoy Must Go into Liqui- , dation. Rather Astonishing Statements hy Cartisle Regarding {he Tricks of the Syn- dicate Men. The National Banks Interested in This Impracticability to the Extent of $12,000,000; That Is, if the Whole Thing Falls Through, They Will Be So Much Ahead. Text of the Bill as It Will Be Voted upon in the House To« Day. Oharactor of tho Repealed Statutes ‘to Be Re-enacted, nud the Statutes to Bo Repealed. THE SLLUATION. READY FOR THE QUESTION, Spectat Dirpateh to The Cisteage Tribune. Wasiixarox, D.C. dan. 18.—The House, after a tong and tedious contest to-day in the Commitiee of the Whole, passed the Fund- ing DE In the shape in whilel It was left on tha Inst day’s debate, with tha addition of the Carilsie amendment. ‘Theprevious ques- tlun his been ordered upon it, aul nothing cu now prevent ailnal vote Inthe House to-morrow, as It will come up as unfinished business, ‘There will be twoor three roll- calls, but, judging from the temper of the House to-day, there is ttle doubt but that the bill in this form will pass by AN ALMOST STINCTLY PARTISAN VOTH. Fernando Woot succeeded in having the Jouso agree to Hit the debate upon the Carlisle amendment to one tour, Lu this hour the discussion turned lnrgely upon collateral questions whieh in only a slight degres touched the vital principles of the umeiutment, which proposes to compe! the banks to purchase $20,000,000 of the new Joan, and to practically prevent them from withdrawing a dollar of their cireulatton, under penalty of foreed liquidation, Ver- nando Wood reatilrmed tis contidence in the ability of the Gavernment to float a deper- centshort bond, but, curiously enough, In support of his position caused articles to be read from financial pnpers te conclusions of whieh wero that along bend loan could, be negotiated. Lowever, ann 7un Masonty, Seca under the Ieact of spenker Randall, who was determined that the bill should pass: in tts Smpracticable form at all hazards, cared litde for the opinions of financial writers or for the consistency of their own position, Randitl continued to bolster up Fernando Wooul’s position, and insisted upon the pos- sibility of floating the loan, Some of his statements were of sucha character as to Justlfy one of the criticisms made upon him. “The Speaker knows a great many things, but all tho things that he knows are not true”? Some of the Southern mem- bers malntained that = the — enactment of the Carllsle amendment would: strike a blow atthe country banks in the interest of the elty banks, and proposed to strike out the proviso which does not allow the banks to keep bonds upon deposit. on which the inter- est Ins ceased. CARLISLE, however, who yery well: understands tho effect of the restrietlve provistuns of his tunendinent upon National banks, suw that the propusition to strike out that proviso would crente the additional danger that the Seeretary of the Treasury might sell $100,- 000,000 of the 8 per cent bonds with which to redeem the 63 and 6s, and hold that $100,000,000 lucked In the ‘Treasury for tho redempllon of the bonds whieh, though ealled, the banks might decline to present, and he urged the Houso to avold the danger of such a violout eontraction of the currency. Carlisle admitted, however, that it was the purpose of tho amendment TO YORCH- THE UANKS INTO LIQUIDATION, and to'the forfelturoe of thelr charters, unless thoy should purchase the bonds and aecept the: conditions whieh prevent them from withdrawing their. clreulation. After such anadinission, Mr, Hiscock, of New York, was thoroughly satisiled with the repark dint the bonds, the Issue of whieh Js contemplated by this bil, would, in effect, bo un forced loan, to which the banks were to be com- pelled to contribute. ‘This was done in view of th fuet that’ there lias been no Increase in Natlonal-bank caplital for five years, but, on the contrary, w decrease of nore than $70,000,000, und that the rate of interest Is Higher than ft has been at any tine since 1574, the nyerage rate at commercial centres now being not below 4 per cont, while as for taxation Natlonal-bank stock Js taxed by the States to & greater oxtent than almost any other class of property: TUE CANLISLE AMENDMENT, howaver, was flnally brought to a vote, Tha vising vote showed that ft had only three mas jority, tho vote standing ayes 100, and nays %, Wood hhinself voting agalust Ut, although hie dkt not oppose it by a specch, Speaker Randall became an active drummer of yotes in the Interest of the measure, whieh he ad- mnitted was stich a serlous blow to the bank: Ing system, Ile buttonholed members, sent pages aud doerkeepers to the clonk-rooms, lobbies, and Junch-rooms te secures addl- tonal votes, aud took palnsy to fnform tho members of the situation, so that, finally, when the vote by tellers was reached, thora were 128 yes to 10L nays, “A amile was yery dlutinetly visible upon the faves of sume of tho members who are largely Interested In National banks, as, while they: wight objdct to tho restrictive provistons of the Carlisio umenument, they would all bo benefited tinahojally by tho failure of any re- funding measure, a3 = TUE NATIONAL DANKE NAVE A STAKE equal to $12,000,000 4 Yeiiy or moro lu the de 3 ily Tribune. — 1881—T. WELVE featof refunding,—the difference in the inter- est on the outstanding 5 and & per cents and on the proposed 8 per cents belng equivalent tothat sum, * ‘The most conservative men in the House, and those who know most about banking, In- sist now that Its definitly known’ that the Wood-Randall-Cartisle bill ts to pass; that no wore Ingenious device for the prevention of any practicable funding scheme eould have been discovered; and that It is justly entitled tu be designated 23 Updegratt, of Ohio, at the close of the session proposed that it should be In its title, QA bit to defeat refunding, to increase the amount of Interest of the public debt, to contract the currency, to Injure pub- Ie credit, and to depress the business tndus- tries of the country", After the Carlisle autendinent was agreed to, the rest of the day was devoted te the presentation and con- sideration of amendinents,. which embraced every variety of financial thought and finan chal nonsense, Someof the extreme States rights men endeavored to have amendments considered adinitting State banks to all the privileges of Natlonal banks, without belng subject to any. of thelr responsibilities, EVERY PROPOSITION TO REDUCE ANY OF THE TAXATION on Natlonal banks was speedily voted down, ‘There were several propositions to substitute United States notes, with and without legal- tender qualities, but all were ruled out on poluts of order, Finally, Gillette, Jeading the forlorn remnant of the Greenback party, inde good his promise that he would ob- struct the bill by every possible means, and for two hours, under cover of technical parliamentary right, sought to defeat the bill by every siily pretext. He was hooted to silence many . times, the Chairman having great ditienlty in securing a hearing for him, aven under the technteal rules. Gillette went so.far ns to charge thet Philipps, of Missourl, was not a gentleman, in that ina speech printed on leave he had commented severely on the Greenback party, It was thought VOSSILE THAT THERE MIGHT RE ANOTHER SCENE in the House, as Philipps ts quite a fiery Southerner, and as the !unding bill seems to bean excitable pulut for tho eenbackers, but Philipps turned Gillette’s speech to ridi- enle by suying that he hud answered his (GH Jette’s) finanelal nonsense in aspeeeh printed on leave, which hethought was a inuch wiser polley than to bore tho House with a speech which the members did not want to hear, as Gillette was doing. Finally, Gillette mus- tered nine votes fur his Inflation scheine, that being the entire army of the Greenbackers, Stevenson, of Utnols, votlng with them, and, ut last, the bill was reported to tho House and the previous auestion ordered, HORT, OF MICHIGAN, THE HUMORIST, made na speech ridictiling the bill which, while full of humor, was wsevere attack on the bill, He sald the bill was Ingenlously de- vised to prevent the funding of the debt. He maintained that a short-time bond and low Interest could not be floated, and that the present Dill may have originated Ju the Dem- oerntic policy of opposing everything. Ie nade a résumé of the things opposed by the Democrats, ts follows: 1. National banks, 2. Private banks, @ Nowa on ratlroads. . 4, Down on ail corporations. 6, Feartul on Nationat banks. 4, Opposed to taritt. = 7 Want to repeal tho tax on whisky. 8, Want to huve tho tuxes taken vif tobacco. 1, Opposed to tho fmprovemcnt of rivers and {pF harbors. . 10, Opposed to defenses of harbors. U, Want to curtail the army. Want to atrike down tho navy. 3. Opposed to home defenees. 4. Try to prevent shipbuilding. Hi. Opposed to honest elections and a fair § count. ile could only find that they are In favor of— 1. Forgery. 2. Frud, Free whisky. THERE WERE SOME RATITER INGENIOUS At GUMENTS presented to show that the passage of tho Dil coult not injure the National banks, and that none of them would voluntarily relin- quish cireulation under’ it, although com- pelled to deposit 3 per cent bonds as security. Mr. Warner Mlustrated his theory with a bank with a capital of $1,000,000. He made the following culculation: ‘Thu cireulutlon al- lowed by law would be $300,000, and the 3 per cent bonds required t6 be deposited world amount to $000,000, ‘Thu results would be as follows: ‘The $900,000 nt 8 per cont world re- ulize $27,000. On this the bank gets $800,000 less. $40,000 reserv Jeaying —3709,000, This amount of $700,000, loaned at 5 per cent, would rentize $35,000, ut 7 per cent $42,200, and, at 10 per cent $76,000, Add thesu ree ysults to the $27,000 and the bank gets'for the percentages respectively, 805,000, $71,200, und $108,000,° Deduct the 1 per cent tax ($8,000) Sti each case, and _ TUE PROFITS : are'respectively $37, $71,290, and $95,000. If the banks ref: Ireulution, and ley $100,000 at & per cent, thoy would realize $45,000, ut 7 per cent $18,000, and at 10 per vent $00,000, or $12,000 less ut 4 per cent, $5,200 less at 7 per cent, and $4,000 less at 10 per cent than if they did not take the eireu- lation, It was, therefore, to thelr In- terest to have the elreulution, If the banks could lonn the ecapltal Invested In bonds ‘deposited for clrenintion “at abdut 13 per cent ie would become thelr in- terorest to so loan It. rnther than to deposit it for clreulation. and Joan the elrculation, But, short of that rate of interest, ft would be more profitable tu take the elreulation ana lonn that, i BKC, 52H, OF THE REVISED STATUTES, which Mr, Carilsle's ainendment_ proposes to enfurce against banks whieh have eatled bonds on deposit, is that section of the Jaws relating to National banks which authorizes the Comptrotler of the Currency to ‘appolut a Receiver for any Natlonal banking association which has refused to pay its elreulating notes, Which Iecelver shall take possession of “all books, records, and nasets of every description of such .associution, collect ult debts, dues, and elaine belongling to it," sell its property, and, if necessary in order to pay tho debts of such association, enforce the Ine dividual Hability of its stockholders, ‘TUE FOURTH BECTION OF THE Act ov JUNE a4, which Mr. Carlisle proposes to repeal, Is that which provides that banks desiring to dn ereasu Uholr clroulation may do so by depositing lawful monvy. in the ‘Troasury, whereupon & proportionate amount of Its bonds muy bo withdriwn from deposit. A proportionate umount of the elrculuting notes of the bank shall then be redeemed at the ‘Treasury, aud destroyed; that no bank shall huve the right to decrease Its clreula- tlon below $50,000, Sees, 6,109 and 5,160 contain the provislons relatlny to the khiud wud proportions .of United States. bunds whieh shall be deposited with the United States to suctre thelr clroulation, TY WILL LE SKEN AT ONCE that Mr. Carlito's amendment ty Intended to throw difleultles in the way of National banks whieh may desire to reduce their elt culation in order to uvold the neceaslty of de- positing 3 per ‘cont bonus to secure It. In fuct, this fs the purpose of My. Carlisle, us ho explained it, Mo suys ingubstances & 4 drew this amendment in order to moct the PRICE FIVE CE emergency threatened in th passing 23 per cent bill,—n tion of the currency by the nef: themselves. The repeal [2 section of the act of June mw will ren- der the process of retiring th nt Notes by ttie National banks a slow one, ‘They will bo obliged to edllect them as dest they can from all parts of the country, and present them at the Treasury, before they can withdraw their bonds. If they do not do this, or stbstitute Sper cent bonds for their bs within four months, and for their 03 within tivo months, they will he considered in default, and must be proceeded agatnst tinder the provisions of Sec, 5,231 of the Ievised Statutes.” . Sald Carlisle: “TUE BANKS HAVE NOT AS MANY FRIENDS in thelr efforts to. retain the fourth section of the act of 1874, which authorizes them to reduce their elrenlation at will, as they would have had, had they not used this see- ton asa nicans to enable thum to xpeculate in Government? bonds, and to take nid- eontrace the bankas 0 fourth f vantage of the high preminis on the 4 por | cents, Of course, the original purpose of the section was to give flexibility to the banic clrewlation, The flexiblilty which was not - possibly under the orfginal. act “was not designed to bo used .as on agency for speculation. Yet it Is satd to be a fact that, within the Inst six months, sume banks have had as many as VIVE DIFFERENT ACCOUNTS running at once, one to Inerease, another to decrease, still another to Increase, and an: ‘other to decrease thelr circulation, The ex- pense of redeeming the notes was ALL THE TIME BORNE by the Treasury Department. ‘This may be iNustrated Inthe case of a single bank. In January and February, 1875, a certain bunk: reduced {ts cireulatlon from 308,400 to $45,000 by deposit or legul-tender notes between Sept. 20, 1876, and May 20, 1877, amt before that deposit was ex- hausted [t Increased Ita elreulation to $480,+ 000, Between Aug, Mand Sept. 10, 1877, It again reduced its circulation to 945.000, ‘On Sept, 19, 1877,—ning days after completing tho deposits for this reductlon,—it again began to take out additional clreulation, atthough $402,500 of prior deposits rematned in the ‘Treasury, and by the 28th of that month its circulation had been again inereased to $4,000, duly 22, 1873, i¢ for the third thio reducad its circulation ta $45,000, and In Au- wust and September, 1879, ngatn inereased it to $450,000, at which it now remains, the bal- ance of Sts former Jemu-tender deposited then inthe Treasury belug $112,015, From July 18, 1875, to Nov, 1 lost $778,275 of Ity notes hav 1 redeemed, of which ONLY $40,700 WERE MNEDEEMED AT THM ENPENSI, OF THE WANK, i although during more than one-third of the period Jt had outstanding, and was deriving thu full benefit from, the full amount of clr enlation ‘whieh its capttal suthorized. ‘Tho only assessments which were made on the bank fur the expenses of redeeming ity notes were SH.74 in 18th and S400 in Ibis, Atone thue there were In actual elreulation $852,550" of its notes, although the highest umount ever borne en its books was $40,000." THE DEBATE. FroM “THE nECURD,”? Wasurnaros y within three months a sinal) premin, ane Mr. Randall suid the reason why the United States could negotiqte a8 per cent bond waar because it was stronger financially’before tha world than any other financial mation, Mr. Kelley—And that fs because we pay our debt. Mr. Hiscock sald the bill was either in- tented to force a loun or force the National bunks out of existence, Ar. Warner dented that thera was anything {n tho nature of 9 forced lonn about the bil, 5 st. ont A thought If the present bil lad been brought In for the purpose of preventing refunding It needed but one or two things to make it per- feet, ind one was tho amendment of the gen- tleman fro Kentueky (Carliste), wlich struck down every country National bank fi the United States, He had made a st of the Institutions to which the Demoeratle party was opposed, and had found them to bo somewhat us follows: National banks private banks, railroads, corporations, bond- holders, the tariff, the Improvement of hare bors, the defenses of harbors, the army, Hie navy, homo defenses, ship-building, and.a falr election and oan honest count. [Laughter on the Republican side} What was that party In favor of 2. All he coulit find was forgery, fraud, and free whisky. ‘Tho gentleman from lowa (Weaver) had’ said there was a-wall comlng up from the conmen people in opposition to National banks aud moneyed Institutions, After the Maine election there had been no wallamong the Democrats’ of Jowa, ‘Tho Democratic party had got inte such a position that every: thio a Greenback pnilat latd an eggeit did nit the cackling (laughter); but after the Lndl- ann electlon color-biindness had tuken pos- sesslon of the leaders of the Demacratic party, and they dil not know the handwrit- ing of thelr nelghbors, (Laughter) ‘The people of the country had decided at the lust lection that the present bunting system was, good one, ‘ 2 Mr. Weaver adyocated Carlisle's amend: ment, decllning to reply to Hore because It always vexed hhn to reply te nothing. * ee After further discussion, Mr, Carlisle's amendinent, in the nature of 4 substitite for the fifth scetlun of the bill, WAS AGREED TO— 28 to 101, Mr. Whitthorne moved to strike ont of the amendment just adopted the proviso that no bond upon which Interest as ceased shall be exempt, or shall he contimued on deposit as seeurity for elreulation, ote, Rojeeted. Mr. Iuwley moved to strike ont the’ pro- vision retnnetlng Sees, 6,158 und 5,100 of the Revised Statutes, [t was proposed, he sald, torovive thy provision which practica had shawn to by utterly hmpracticable, aud the mnotlve fur tt was boyend Ils comprehension, At was part of a series of measures which were golng to mytko Lt impossible for thd Nus tonal. bunks to continua business in thi country. . ‘The amendment was rejected—77 to 103, ‘Mr, Hateh offered an miuendinent glyiur to State banks the right Jo -tusuy’ elrerlating + notes on deposit of 3 per cent bonds, in the , game mannor as National banks, 1f Con- ress nilowed State banks the sauje privilege $n placing thelr funds i103 por cout bonds, tho town would be popularized, St would nat bo te forced luan, but would become a popular we oe Mr, Carlisle, in opposing this amendment,:- callud My, Hatch’s uttention to tho fact that,’ under tho existing law, any State or private bank could organize itself a3 a National bank, He trusted his substitute would not be omended, «It had been sald that it was In- the power of the Natloual banks to reduce. ‘