Show THE COMMITTEE FORNINST IT A Resolution by Bailey Against the Issue of Bonds Washington Jan 15 Bailey of Texas today introduced the following resolution I in the House Resolved I is the sense of the House that the secretary of the treas ury has no authority under the existing ex-isting law to issue and sell bopds of the United States except such as is conferred upon him by the act ap proved Jan 1 1875 an act to provide for the resumption of specie payments and that the money derived from the sale of bonds issued under that act cannot be lawfully applied to any purpose pur-pose except those specified therein The resolution was referred to the judiciary committee The committee commitee is understood to be against the issue of bonds |