Cockrell, Coke, Hunton, Irby, Jones of Ark., | to issue notes by the laws of the State in which NAYS-Messrs. Aldrich, Allison, Caffery, Carey, Cullom, Davis, Dixon, Faulkner, Frye, Gallinger, Gray, Hansbrough, Hawley, Hill, Lindsay, McMillan, McPherson, Mitchell of Wis., Palmer, Pasco, Perkins of Cal., Platt, Proctor, Sherman, Stockbridge, Vilas, Voorhees, Washburn, White of La.-29. No further action was taken. Which was rejected—yeas 102, nays 172, (not voting 79): YEAS-Messrs. Abbott, Alexander, Arnold, Bailey, Bankhead, Bell of Tex., Black of Ga., Bland, Boatner, Bower of N. C., Branch, Breckinridge of Ky., Bunn, Cabaniss, Camp bell, Catchings, Clark of Mo., Cobb of Ala., Cockrell, Cooper of Fla., Cooper of Ind., Cooper of Tex., Cox of Tenn., Crain, Crawford, Cul berson, Cummings, Davey, De Armond, Denson, Dinsmore, Edmunds, Ellis of Ky., English of Resolution as to Transactions of National Cal., Enloe, Epes, Fithian, Fran, Geary, Gor Banks. IN SENATE. 1893, August 31-Mr. PEFFER offered on 22d inst. the following: "Resolved, That the Secretary of the Treasury be directed to inform the Senate First. Whether and in what respect the national banks, or any of them, in the cities of Boston, New York and Philadelphia are being now conducted in violation of law. "Second. Whether said banks are paying depositors' checks promptly in lawful money. "Third. Whether said banks, or any of them, are demanding rates of interest higher than those provided by law, for the loan of money or in discounting notes and bills." Mr. VOORHEES moved that it be referred to the Finance Committee, which was agreed toyeas 35, nays 21: YEAS-Messrs. Aldrich, Allison, Blackburn, Caffery, Camden, Carey, Cullom, Dixon, Faulkner, Frye, Gallinger, Gibson of Md., Gordon, Gorman, Gray, Hale, Hawley, Higgins, Lodge, McMillan, McPherson, Mitchell of Ore., Mitchell of Wis., Palmer, Pasco, Power, Proctor, Ransom, Sherman, Squire, Stockbridge, Vilas, Voorhees, Washburn, White of La.-35. NAYS-Messrs. ALLEN, Bate, Call, Cockrell, Coke, Hansbrough, Irby, Jones of Nev., KYLE, Lindsay, Manderson, PEFFER, Perkins of Cal., Pettigrew, Shoup, STEWART, Teller, Vance, Vest, Walthall, White of Cal.-21. man, Grady, Hall of Mo., Harter, Heard, Henderson of N. C., Hutcheson, Izlar, Jones, Kyle, Latimer, Lawson of Ga., Lester of Ga., Livingston, Maddox, Maguire, Mallory, Marshall, Mc Culloch, McDearmon, McLaurin, McMillin, McRae, Meredith, Money, Montgomery, Morgan, Moses, Neill, Oates, Ogden, O'Neill of Mo., Paschal, Patterson, Paynter, Pendleton of Tex., Price, Richardson of Tenn., Robbins, Russell of Ga., Sayers, Shell, Snodgrass, Stallings, Stockdale, Stone of Ky., Strait, Swanson, Talbert of S. C., Tate, Terry, Tracey, Tucker, Turner of Ga., Turner of Va., Turpin, Washington, Wheeler of Ala., Williams of Miss., Wilson of W. Va., Wise, Woodard, The Speaker-102. NAYS-Messrs. Adams of Pa., Aldrich, Apsley. Babcock, BAKER of Kan., Baker of N. H., Baldwin, Bartholdt, Barwig, Belden, BELL of Colo., Bingham, Blair, Bowers of Cal., Bretz, Brickner, Broderick, Brookshire, Brosius, Brown of Ind., Bryan, Bynum, Cadmus, Cannon of Cal., Cannon of Ill., Capehart, Causey, Chickering, Clancy, Cobb of Mo., Cockran, Coffeen, Conn, Coombs, Cooper of Wis., Cornish, Cousins, Covert, Curtis of Kan., Dalzell, Daniels of N. Y., DAVIS, Dingley, Dolliver, Doolittle, Draper, Dunn, Lunphy, Durborow, Ellis of Ore., Erdman, Everett of Mass., Fielder, Forman, Funston, Geissenhainer, Gillet of N. Y., Goldzier, Griffin, Grout, Grow, Hager, Hainer of Neb., Haines of N. Y., Hall of Minn., Hammond, Hare, Harmer, HARRIS of Kan., Hartman, Haugen, Hayes, Hendrix, Hepburn, Hermann, Hicks, Hitt, Holman, Hooker of N. Y., Hopkins of Pa., Houk of Tenn., HUDSON, Hulick, Hull, Hunter, Ikirt, Johnson of Ind., Johnson of N. Dak., KEM, Kiefer, Lacey, Lane, Lapham, Layton, Linton, Loudenslager, Lucas, Lynch, Magner, Mahon, Marsh, Martin, Marvin, McCall, McCleary of Minn., McDannold, Mc Ettrick, McGann, McKaig, MCKEIGHAN, McNagny, Meiklejohn, Mercer, Murray, North. way, O'Neil of Mass., Payne, Pearson, PENCE, Pendleton of W. Va., Perkins, Phillips, Pickler, Pigott, Post, Powers, Quigg, Ray, Rayner, Reed, Reilly, Reyburn, Richards of Ohio, Richardson of Mich., Ritchie, Robinson of Pa Rusk, Ryan, Settle, Shaw, Sibley, Sickles, Sip, Smith, Sorg, Sperry, Springer, Stephenso, Stevens, C. W. Stone, W. A. Stone, Sweet, TIbott of Md., Tarsney, Tawney, Taylor of In., Paragraph VIII of the Democratic National Plat-Taylor of Tenn., Thomas, Updegraff, Van Vor Proposed Repeal of the Ten Per Cent. IN HOUSE OF REPRESENTATIVES. 1894, June 6-Pending (H. R. bill 3825) to suspend the operation of the laws imposing a tax of 10 per cent. on notes issued between August 1, 1893, and October 15, 1893. Mr. Cox of Tenn. moved to add to the bill this clause: "That all acts and parts of acts imposing a tax on notes of State banks or State banking associations, either when used for circulation and paid out, or when used for circulation or paid out, shall be, and the same are hereby, repealed as to all notes of such State banks or State banking associations as shall be authorized form is in these words: "We recommend that the prohibitory 10 per cent. tax on State bank issues be repealed." his of Ohio, Walker, Wanger, Warner, Wagh, Weadock, Wheeler of Ill., Williams ofl., Wilson. of Ohio, Wilson of Wash., Wolverton, | notes when used for circulation and paid out, be, Woomer, Wright of Mass.-172. The bill reported by the Committee on Banking and Currency as a substitute for the original bill (being merely a change of phraseology), as follows: "That the operations of sections 3412 and 3413 of the Revised Statutes of the United States, and sections 19, 20, and 21 of the act to amend existing customs and internal revenue laws, and for other purposes, approved February 8, 1875, and all other sections of said Revised Statutes, and all acts and parts of acts imposing a tax of 10 per cent. on the amount of certain and are hereby, suspended as to any such notes which were originally issued between August 1, 1893, and October 15, 1893; and no such tax shall be collected on the amount of any such notes: Provided, That nothing herein shall suspend the operation of such notes as to the tax on the amount of any such notes paid out and used for circulation after January 1, 1894." Was then rejected. The original bill, which proposed to remit the tax on certificates issued by the Banks during the panic, in the summer of 1893, was then refused engrossment, and it fell. XXI. ACTION OF THE HOUSE ON TWO PROPOSED CONSTITIONAL AMENDMENTS, SECOND SESSION, FIFTY-SECOND CONGRESS. Beginning and End of Terms of President | by striking out the words 4th of March' and and Vice-President, and of Senators substituting instead thereof the words' 30th day of April, at noon.' "ARTICLE -. and Representatives in Congress. [For previous votes, see McPherson's HANDBOOK OF POLITICS FOR 1888, pp. 87, 88, and "The 31st day of December, at noon, is subHAND-BOOK OF POLITICS FOR 1886, p. 218.] stituted for the 4th day of March as the comFIFTY-SECOND CONGRESS, SECOND SESSION-mencement and termination of the official terms IN HOUSE OF REPRESENTATIVES. 1893, January 10—Pending this joint reso lution (H. R. 98) proposing amendments to the Constitution substituting the 31st day of December for the 4th day of March as the commencement and termination of the official terms of members, of the House of Representatives and of United States Senators, and providing that Congress shall hold its annual meeting on the second Monday in January, and substituting the Soth of April for the 4th of March as the date for the commencement and limitation of the terms of the President and Vice-President: "Resolved by the Senate and House of Rep resentatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following articles be proposed to the Legislatures of the several States as amendments to the Constitution of the United States, namely: "ARTICLE "The terms of the President and Vice-President who may be in office when this amendment shall have been ratified, shall continue until noon on the 30th day of April next succeeding the 4th day of March upon which their terms would otherwise expire, and the 30th day of April, at noon, shall thereafter be substituted for the 4th day of March as the commencement and termination of the official terms of the President and Vice-President. "The twelfth article of the amendments to the Constitution of the United States is amended 66 of the Senators and of the Members of the House of Representatives. "The Congress in existence when this amendment is ratified shall not hold a second annual session, and its term of office shall expire on the 31st day of the month of December following the date of the election of the Representatives to the next succeeding Congress: Provided, 1 hat there shall be no diminution of the salaries of the members of the Congress whose term is curtailed by this amendment. This amendment shall not apply to members of said Congress who may be elected to the next Congress. "The Senators whose term would otherwise expire on the 4th day of March next succeeding the day on which the term of the first Congress shall commence after the ratification of this amendment shall continue in office until the 4th of March, unless their successors are sooner appointed or elected. 66 Congress shall assemble at least once in each year, and such meeting shall be on the second Monday in January, unless Congress shall by law appoint a different day.' Mr. JOSEPH D. TAYLOR moved this as a substitute: "Joint resolution proposing an amendment to the Constitution, substituting the 30th day of April for the 4th day of March as the commencement and termination of the official terms of members of the House of Representatives and of United States Senators, and substituting the 30th of April for the 4th of March as the date for the commencement and limitation of the term of the President and Vice-President. "Resolved, etc., That the following articles be proposed to the legislatures of the several States as amendments to the Constitution of the United States, namely: "ARTICLE "The term of office of the President and Vice-President shall continue until the 30th day of April, in the year 1893, at noon, and the 30th day of April, at noon, shall thereafter be substituted for the 4th day of March as the commencement and termination of the official term of the President and Vice-President." "The twelfth article of the amendments to the Constitution of the United States shall be amended by striking out the words '4th day of March.' and substituting instead thereof the words 30th day in April, at noon.' "ARTICLE "The 30th day of April, at noon, is substituted for the 4th day of March as the commencement and termination of the official term of the Senators and of the members of the House of Representatives. The official term of the members of the House of Representatives of Congress in existence when the first members of the House of Representatives are elected after the ratification | of this amendment shall be continued to the 30th day of April, at noon. "The official term of Senators whose existing term would expire on the 4th day of March next preceding the day on which the term of the first Congress shall commence after the ratification of this amendment, shall be continued to the 30th day of April, at noon." The substitute was rejected. The original resolution was refused a third reading-yeas 49, nays 128, (not voting 152): YEAS-Messrs. Beeman, Boatner, Boutelle, Brown of Md., Bryan, Busey, Bushnell, Butler, Chipman, Clarke of Ala., Coolidge, Covert, Crain, Daniell, De Armond, Donovan, Durborow, Elliott, Everett of Ga., Gantz, Geary, Hare of Ohio, Hayes of Iowa, Hooker of Miss., Houk of Ohio, Jones, Lagan, Long, Mallory, McGann, McKaig, McLaurin, McRae, Moore of Tex., Moses, Scott, Smith, Springer, Stone of Ky., Stout, Taylor of Ill., Tucker, Warner, Weadock, White of Iowa, Wike, Willcox, Winn, Youmans-49. NAYS-Messrs. Alexander, Allen, Andrew, Antony, Atkinson, Babbitt, Bailey, BAKER of Kan., Bartine, Barwig, Beltzhoover, Bergen, Blount, Branch, Breckinridge of Ark., Bretz, Broderick, Brookshire, Brosius, J. B. Brown, Brunner, Buchanan of N. J., Buchanan of Va., | Burrows, Bynum, Cadmus, Caminetti, Castle, Catchings, Cate, Clancy, Clark of Wyo., Cobb of Ala., Coburn, Cockran, Coombs, Cox of Tenn., Crawford, Crosby, Cummings, Curtis of N. Y., Cutting, Dickerson, Dingley, Dockery, Dolliver, Dunphy, Edmunds, English of N. J., Geissenhainer, Grady, Greenleaf, O. M. Hall, Hallowell, HALVORSON, Harries of Minn., Henderson of Ill., Herbert, Hitt, Hoar, Holman, Hopkins of Ill., Houk of Tenn., Huff, Jolley, KEM, J. M. Kendall, Kribbs, Kyle, Lane, Lapham, Lawson of Va., Lester of Ga., Livingston, Loud, Magner, Martin of Ind., McAleer, McCreary, McMillin, Meredith, Meyer, Miller of Wis., Montgomery, Oates, O'Ferrall, O'Neill of Pa., OTIS, Outhwaite, Page of R. I., Parrett, Patterson of Tenn., Patton, Payne, Paynter, Pearson, Peel, Pendleton of W. Va., PerRichardson of Tenn., Robertson of La., Russel! kins of Iowa, Post, Ray, Reed, Reilly, Reyburn, of Conn., Seerley, Shell, Shively, Sperry, Stewart of Tex., Stockdale, W. A. Stone, Taylor of Tenn., J. D. Taylor, Terry, Tillman, Tracey, Turner of Ga, Walker, WATSON, Wheeler of Ala., Williams of Mass., Williams of Ill., Wilson of Ky., Wilson of W. Va., Wise—128. Vote on the Amendment for the Election of U. S. Senators by the People. IN HOUSE. 1893, January 16-This joint resolution (H. Res. 90), reported by Mr. TUCKER from the Committee on Election of President, Vice-President and Members of Congress, was called up by Mr. CHIPMAN: Joint resolution proposing an amendment to the Constitution providing that Senators shall be elected by the people of the several States. "Resolved, etc., (two-thirds of each House concurring therein), That in lieu of the first paragraph of Section 3 of Article I of the Constitution of the United States, and in lieu of so much of paragraph 2 of the same section as relates to the filling of vacancies, and in lieu of all of paragraph 1 of section 4 of said Article I, in so far as the same relates to any authority in Congress to make or alter regulations as to the times or manner of holding elections for Senators, the following be proposed as an amendment to the Constitution, which shall be valid to all intents and purposes as part of the Constitution when ratified by the Legislatures of three-fourths of the States: "The Senate of the United States shall be composed of two Senators from each State, elected from the State at large by the people thereof, for six years; and each Senator shall have one vote. The electors in each State shall have the qualifications requisite for electors of the most numerous branch of the State Legisla ture. "The Times, Places and Manner of holding elections for Senators shall be as prescribed in each State by the Legislature thereof. "When vacancies happen in the representation of any State in the Senate, the Executive Authority of such State shall issue writs of election to fill such vacancies: Provided, That the Legislature of any State may empower the Executive thereof to make temporary appointments until the people fill the vacancies by election, as the Legislature may direct. "This amendment shall not be so construed as to affect the election or term of any Senator chosen before it becomes valid as a part of the Constitution.'" On the demand for a "second" on the motion THE "ANTI-OPTIONS AND FUTURES" BILL OF THE FIFTY-THIRD HOUSE OF REPRESENTATIVES. [For previous votes, see McPherson's HAND- | contract shall state in explicit terms the time BOOK OF POLITICS FOR 1892, pp. 253-255.] IN HOUSE OF Representatives - FIFTY THIRD CONGRESS, SECOND SESSION. 1894, June 22-Pending in the House, (H. R. bill 7007), reported by Mr. HATCH from the Committee on Agriculture, of which these are the first seven sections: Be it enacted, etc., That for the purposes of this Act the word "options" shall be understood to mean any contract whereby a party thereto, or any person for whom or in whose behalf such contract is made, acquires the right or privilege, but is not thereby obligated, to sell and deliver to another at a future time, or within a designated month or other period, or any contract whereby, as vendee, a party thereto, or any person as vendee, for whom or in whose behalf such contract is made, acquires the right or privilege of demanding and receiving from another, at a stipulated price, at a future time, or within a designated month or other period, but is not thereby obligated to receive and pay for any of the following articles, namely: Raw or unmanufactured cotton, hops, flour, wheat, corn, oats, rye, barley, pork, lard, bacon, dry-salted meat, or pickled meat. SEC. 2. That for the purposes of this Act the word "futures" shall be understood to mean any contract whereby a party thereto, or any party for whom or in whose behalf such contract is made, contracts to sell and deliver to another, at a future time, or within a designated month or other period, any raw or unmanufactured cotton, hops, wheat, corn, oats, rye, barley, pork, lard, bacon, dry-salted meat, or pickled meat. SEC. 3. That all "options" and "futures" contracts and all transfers and assignments thereof shall be in writing and signed in duplicate by the parties thereto, and every "options when the right or privilege of delivering, or the right of demanding the delivery of the article or articles therein named, shall expire; and every "futures" contract shall state in explicit terms the quantity and the day upon which, or the last day of the period within which, the article or articles therein contracted to be sold shall be delivered; and in each such contract the party so contracting, or the party for whom he acts as agent, broker, or employee in making such contract to sell and deliver, shall state explicitly whether he is or is not, as the case may be, the owner of the article or articles so contracted to be sold and delivered, or has or has not, as the case may be, theretofore acquired it or them by purchase, or is or is not, as the case may be, then entitled to the right of the future possession of such article or articles under and by virtue of a contract for the sale and future delivery thereof previously made by the owner thereof; and any such contract not including such statements and not so made and signed shall be unlawful, but nothing contained in this section shall be construed to relieve any person or dealer in "options" or "futures" from the penalties and taxes provided for by this Act. or SEC. 4. That whenever any "options "futures" contract shall be terminated by the absolute sale and actual delivery of the raw or unmanufactured cotton, hops, wheat, corn, oats, rye, barley, pork, lard, bacon, dry-salted meats, or pickled meat embraced in or covered by such contract the person contracting to sell and deliver shall execute a bill of sale in which shall be specified the number of pounds of raw or unmanufactured cotton, hops, pork, lard, bacon, dry-salted meat, and pickled meat, the number of bushels of wheat, corn, oats, rye, and barley, delivered, together with the name, title, or designation, and place of business of the custodian, and the serial numbers and dates of the acceptances, certificates, receipts, freight or way bills, or other vouchers representing the quantity of each article sold and delivered. SEC. 5. That whenever any options" or "futures" contract shall be terminated otherwise than by absolute sale and actual delivery of the raw or unmanufactured cotton, hops, wheat, corn, oats, rye, barley, pork, lard, bacon, drysalted meat, and pickled meat embraced in or covered by such contract, or when such termination shall be delayed or postponed beyond the time designated by the contract, the cancellation, clearance, settlement, acquittance, contango, backwardation, privilege, waiver, ringing-out, or other agreement or arrangement by which such contract shall be terminated otherwise than by absolute sale and actual delivery of the article or articles embraced therein or covered thereby, or such termination shall be delayed, postponed, or obviated, shall be executed in writing and be signed in duplicate by the parties thereto. SEC. 6. That special taxes are imposed as follows: Dealers in "options or futures" shall pay twelve dollars. Every person who shall, in his own behalf or as agent, broker, or employee of another, as vender deal in "options" or make, enter into, transfer, or assign any "options" contract, or shall by letter, telegram, or other communication sent from the United States to any foreign country, or by an agent, broker, employee, or partner resident in any foreign country, make, enter into, transfer, or assign, or cause to be made, entered into, transferred, or assigned, any 'options' contract entered into or terminated within the United States, shall be deemed a dealer in " options; ' and every person who shall, in his own behalf or as agent, broker, or employee of another as vender deal in 66 futures," or make, enter into, transfer, or assign any "futures" contract, or shall by letter, telegram, or other communication sent from the United States to any foreign country, or by an agent, broker, employee, or partner, resident in any foreign country, make enter into. transferred, or assigned any futures" contract, entered into or terminated within the United States, shall be deemed a dealer in "futures' SEC. 7. That the original and the duplicate of every "options" contract and of every "futures" contract shall at the time of its execution have affixed thereto internal-revenue adhesive stamps representing taxes as follows, namely: For every ten thousand pounds, or fractional part thereof, of cotton, hops, pork, lard, bacon, dry salted meat, and pickled meat, and for every one thousand bushels, or fractional part thereof, of wheat, corn, oats, rye and barley embraced in or covered by such contract, one cent. To each and every written or printed instrument and to the duplicate thereof, evidencing any transfer or assignment of any "options" or "futures" contract, whether such transfer be by indorsement upon said contract and the duplicate thereof, or by separate written instrument, there shall, at the time such transfer or assignment is made, be affixed internal revenue adhesive stamps representing taxes as follows: For every ten thousand pounds of raw unmanufactured cotton, hops, pork, lard, bacon, dry salted meat, and pickled meat, and for every one thousand bushels of wheat, corn, rye, oats and barley, embraced in or covered by the contract, transferred or assigned, one cent. Every bill of sale executed at termination of any "options" or "futures con-1 tract shall have affixed thereto an internal reve nue adhesive stamp of the denomination of two cents. To the original and duplicate of every cancellation, clearance, settlement, acquittance, contango, backwardation, privilege, waiver, ringing-out or other agreement by which the " options" or "futures" shall be terminated otherwise than by an absolute sale and actual delivery of the articles embraced in or covered by such contract, or by which such termination is or shall be delayed, postponed, or obviated, shall be affixed internal-revenue adhesive stamps representing taxes as follows: For every pound of raw or unmanufactured cotton, hops, pork, lard, bacon, dry salted meat, and pickled meat, embraced in or covered by such contract, one cent; for every bushel of wheat, three cents, and for every bushel of corn, oats, rye and barley, embraced in or covered by such contract, two cents. Every "options" contract that shall expire by limitation without an absolute sale and actual delivery of the article or articles embraced in or covered by such contract, shall, at the time designated by such contract for its expiration, have affixed to the copy thereof, which shall be retained by the vender therein named, internalrevenue adhesive stamps representing taxes as follows: For every pound of raw or unmanufactured cotton, hops, pork, lard, dry salted meat, and pickled meat embraced in or covered by such contract, one cent; for every bushel of wheat, three cents; and for every bushel of corn, oats, rye and barley, covered by such contract, two cents. [The remaining sections prescribe forms of account, report, penalties, etc.] An amendment reported from the Committee of the whole to add to the second section these words: "Provided, That nothing herein shall be construed to apply to contracts entered into for future delivery of the aforesaid articles, if at the time of the contract of sale of any of said articles the vender is the actual bona fide owner of the article to be delivered in the future, or has the power and authority to sell and deliver the same as agent of another, the principal owning the property at the time the contract is made by the agent: Provided, That none of the provisions of this act shall apply to the bona fide sale, for actual delivery, of any product in due course of business: Provided, That in case a seller described in this act shall in fact be the owner. of the property contracted to be sold at the time of the sale or at the time fixed in the contract for the delivery, the failure to deliver the same, when caused by delay in transportation or fault of the carrier, shall be sufficient excuse for non-payment of the final stamp tax provided for in this act," Was rejected-yeas 111, nays 129, (not voting III and "present" 1): YEAS-Messrs. Adams of Ky., Aldrich, Baker of N. H., Baldwin, Bartholdt, Bartlett, Barwig, Bell of Tex., Black of Ga., Boatner, Brickner, Bundy, Bynum, Cabaniss, Cadmus, Campbell, Clancy, Clarke of Ala., Cobb of Mo., Cogswell, Coombs, Cooper of Fla., Cooper of Tex., Cornish, Covert, Crain, Cummings, Dalzell, |