Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1842-02-24
T.cemsy-seremsh Congress.
IN SENATE
wAsHrsoros, Feb. IL, 1912.

WAsHIsGr0s, Feb. IL, 1892.
GENERAL. BANKRUPT BILL
Mr.. Simmons introduced the following
resolution
Resolred, That the Bankrupt Law be
postponed for enc year.
The Chair had doubts whether the Re.
solution was in order.
1 Mr.. King said the bill lately rejected
was to postpone to a day certain. TITS
was for one year.
Mr.. Berren moved the indefinite post
ponement of the subject.
The Chair thought the motion could
not be entertained, because the resolution
on which it was based was not in order.
The decision of the Chair was sustain.
ed BIZ vote almost unanimous, and thus
for fourth time This question has been
settled.
Mr.. Linn during the day introduced a
large number Of Bills of interest to the
Territory Of Iowa, all OF which were re-
ferred to the appropriate committee
the bills were all intended for the im.
plovement OF the roads and the institutions
of Iowa.
Many Of the Bills before the Senate
during the day, were in reference to the
subject of public lands, and claims, land
titles and other matters. There was but
little discussion upon any OF these SUBJ
jects
HOUSE OF REPRESENTATIVES,
SELECT COMMITTEE ON CURRENCY.
Mr.. Gushing, from this Committee, ask.
ed 10 be discharged from further consid.
ering a memorial in reference TO the sub.
ject, and asked leave to submit Bill ac-
companied by Report, in part. upon the
subject which was referred H. them. The
committee asked for the printing "f the
Bill, and that il be referred to iho Com
mittee of the Whole also that $500 extra
copies the Report be printed for the use
OF the members.
Considerable confusion and huttering
followed this movement. a great variety
of motions were submitted, and they
crowded each other too rapidly for re.
port.
Mr., g. Davis, one Of the committee,
asked leave to submit a counter report.
Mr.. NJ. Brown moved to postpone III
motion to pr Mt the extra copies until Mon
day week. The House refused to post
pone.
The reading Of the report was called
for. Objections were loudly made in va
rious quarters, and it was urged that it
would he an entire waste Of time.
The Speaker, after great variety Of
motions, decided that those who were re.
quired TO vote upon printing, had IA night
to hear the Bill read upon which this ac.
ton was based. The Clerk Of the House
then began to read the Bill; but Mr..
Cushing took the document from him for
the purpose Of reading ii himself. Objec.
tons were made to this.
Mr.. Gushing then took the Report TO
his seat and claimed tho right, as mem.
Der, to read the report in his place.
Objections we're made.
A motion was then made that Mr.. C..
be allowed to read this Report, aud i; was
carried.
MIR. Gushing then commenced the read
ing of Bill amendatory Of the several
acts establishing the Treasury Depart
lnent."
The Rlil was prect ded by long pre-
amble, which went into an elaborate ex.
animation Of the currency subject the
United States Bank, and its operation ;
paper money, and all the mutations which
the currency Of the country had under.
gone from its commencemp MI. Cush.
ing then read the Bill. We have time to
report only an outline Of some of the lea-
lures of the
EXCHEQUER OF THE U. STATES.
The chief officers are the Secretary Of
the Treasury, and tho Treasurer of the
United States, for the time being. Thcre
is 10 be one Commissioner appointed by
the President, with mt IF the Senate,
ut an annual salary Of $1,000. The IL
fcers are not 10 be removed save for m
compel, ncy, physical disability, or Viola.
ton Of their duties; and in case Of rem W
al, the reasons for the Same are To be as
signed. There is also to be Clerk, Re
gist, and Superintendent - salaries.
These are to be appointed and removed
in the same manner.
There are TO be established principal
agencies at Boston, New York, phiiadei-
phia, Charleston and New Orleans.
Other boards and agencies can be cs;ab-
lished by law wherever decmed expeGi-
ent.
Al public moneys, which ore collected,
are to be paid into this Exchequer.
1t is to discharge the duties Of Pension
agencies. 1t may take, on private de-.
posite, sum not exceeding $4,000, 900.
and for these deposites, made in gold and
silver, il can issue certificates.
The Mint ind its branches may issue
certificates for deposites of bullion. Un-
der the direction of the Secretary Of the
Treasury, the agents may sell and buy
bills Of foreign and domestic exchange, to
meet the expenditures at different points
of the Government itself. II may also
sell such bills at the rate of premium ex.
isling or established ut the time when the
exchange is bought or sold.
No officer Of Government can deal in
them; and if the reporter heard rightly,
there was clause which allowed &c.,
600, 900 to be outstanding for Govern
ment dues.
There were provisions providing the
paying OF its notes.