Rensselaer Republican, Volume 27, Number 23, Rensselaer, Jasper County, 13 February 1896 — WASHINGTON. [ARTICLE]

WASHINGTON.

The Catron anti-prize fight bill, which was adopted by the House, passed the Senate, and only .--needs the President’s signature to become a lajv. Justice Morris, of the District of Columbia Court of Appeals, has decided that while Intoxication may be a disease, yet if it is voluntary and leads to commission "oFcFnse“rf'ls~Srcrinie in Itself. “ The Finance Committee of the .Senate has agreed to report for "the tariff bill a substitute providing for the free coinage of silver. The substitute was suggested by Senator Vest and was agreed to by a majority of one. The House of Representatives Friday suddenly became involved in a bitter controversy. It sprang from remarks made by Mr. Talbert (Dent.), of South Carolina, in defense of secession, which Mr. Barrett (Rep.), of Massachusetts, interpreted as treasonable. He had the sjteaker’s words taken down and offered a"resolution of censure. After a wrangle and some explanations Mr. Dalzell, of Pennsylvania, moved, to refer the Barrett resolution to the Committee on Judiciary. This was carried by a vote of 154 to 41. This is be taken of the matter. In response to a resolution of inquiry the secretary of war has sent to the Senate a statement of the amount of money which could be used advantageously in coast defenses. He says that 825.0T5,800 could be so used by the department prior to July 1. 1897, of which amount $4,722,000 should be made available during the present fiseni year. He recommends that $15,807,000 be designated for fortifications, $1,000,000 for sites, $2,5<X),000 for submarine defenses, $0,316,800 for guns, mortar projectiles, etc. The speehri advantage of the increased apas"* enumerated by the secretary are. fh<t utilization of the army gun factory to its full capacity: the more rapid armament of our fortifications; the addition of twelve mortars and carriages to those already estimated for; the purchase of an additional 500 deck-pierc-ing shells and supply of heavy material for siege service. _ The amazing success of the bond issue is still the talk of Washington. As the bids are examined more closely the greater the success appears to be. A week before Secretary Carlisle would have been will satisfied had somfe one assured an average price of 109. The loan -will actually go about two points above that price. Unofficial and approximate figures grade the bids in the following,magnificent column: Premium rate. Amount. 150 ....$ 50 130.. 100 125 50 121 : 50 120 ......... 850 119 aud fractious 30,850 118.. 5,050 117 ... , 3,300 116 and fractions.... 96,500 115 229.000 114 and fractions 1,5,10,750 113 and fractions 1,580.950 112 and fractions. .......... 10,959.100 111 and fractions 34,077,300 8e10w,,111 aud above 110.0877 6,507,000 Total above the Morgan bid.555,G12,900 Washington dispatchf The public gets froni $30,000,000 to $40,000,000 of the $100,000,000 of the popular loan, and the Bierrepont Morgan syndicate secures the remainder on a bid of 110.6877 for SIOO,000,000. Scattering bids were received from banks and investors above that figure for about the sum first mentioned. The Morgan bid shuts out the combination bidding engineered by John T.Bbew-

aft, Russell Sage and a half dozen trum companies under their leadership. Jfol less* than $125,000,000 was bid for bj these concerns and their customers at the uniform'price of 110.075, J£he total number of bids was 4,040, representing a tota' subscription of $500,000,000, not counting a bogus bid of $100,000,000 from a Michigan doctor, and another from a Texas humorist for $10,000,000. The uet prici realized by the Government for the whole issue will be very close to 3% per cent The Morgan bid is fractionally above that figure—about 3 7-10. '