JuNm 3.-Senate.-Ma. Sherman from the
Committee on Finance reported favorably on the
House bill, explanatory of the act ef June 30,
1584, in regard to savings-pimiks with an amend
ment, whioh was agreed to, and the bill psesed
It reads as follows: "That all deposits made
in institutions now existing, which do busi
ness only as savisWbsaks, and are recog
nized as such by the laws pf their respective
States, or by Congress, set 1 rsiy declar
ed to be exempt from istiop the sam, as
deposi s In saving institutionshawengno capital,
and although they have capital stock or bonds
for additiotal security of their depositors, aid
pay dividends theseon, no tax shall be assessed
upon deposits made in such instituitons or col
1rcted of themen said deposits otherwise than
as her-in provided; that all profits of such say
ings" bank., less aforementioned dividends on
stock not exceeding 8 per cetitum per annum,
are divided among the depositors, and that the
capital Stock is invested only In the same class of
securities as invested for deposit; that int. rest
at the rate of not less than 4% per cent he paid
In all cases to their Iepositnrs, to be made good
if necessary from the capital stock The I'en
Ainn Appropriation bill passed... Mr. Windomn
then called up the Cheep [ransportation resoln
tion submitted by him an the 13th of fay, and I'
was discussed at some length hat no action tak
en.... Adjourned. Honse.-The Army Appro
Ipriation bill was reported with some amendments
'sad referred to the confeteno. cotmmittee... he
conference committee on the Navy Appropria
tion bill presented their report, wblehwas agreed
to.... The bill authorising the coaetrsctioa 4 the
Eads' jetties at the mouth of thee Mississippi was
reported by Mr. Hurlbut ftOrlWlbe 'ummuutee w..
