The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-04-02

would more deplore such q calamity than himself
MI. ASHLEY secured the door, whereupon the Senate
went into Executive business and shortly after ad
journed.
House OF Representatives.
wAsHIScros, MARCH 81 1876
The SPEAKER laid before the House communication
from the Secretary of the Treasury stating that the
Bank Of Baltimore and the Bank OF Louisiana two of
the repositories Of the government have been on
deposits have been withdrawn from Henry Dodge, of
Georgetown, ID. c., and from the Bank Of Wooster,
Ohio.
Mr. INNS of Mo-. asked leave to submit a resolution to
o'clock, A. NJ [Cries Of Oh no ~ y '''''"
Mr. WrsrHRorIThe Committee Of Ways and Means
Mr. MCKAY the chairman Of that committec)-I hope
the resolution will be passed 1t is high time Laugh
Mr.. wrsrHRor asked for the yeas and NAYS on .us.
pending the rule and the call being sustained by one
NTH OF the members. they were ordered and taken.
thirds. ~ -
The resolution was then adopted
rHE suB'rsEAsURY-rHR SCREW.
Mr. DRoMcooLr submitted a resolution that all debate
on the suotreasury bill shall Thursday next at
Mr.. THOMPSON, of Mississippi, moved to amend the
resolution BY substituting Wednesday (to-morrow).
lCries Of " Oh no"'l
able.
Tho SPEAKnR-It is not
Mr. pnoMeooLE-I hope the amendment will DO ne
The question taken, and the amendment was dis.
agreed 10.
The srsAKER-The question occurs on agreeing to
the resolution
o'clock. 49,
The question was taken and the motion negatiyed
MI. WoopwoaTH moved to lay the resolution the
table, but the effort was unsuccessful.
The srEAKER-The question is now on agreeing to
the resolution
Mr. MccossElL-I move to strike out Thursday, and
substitute Saturday.
The motion was disagreed to. and the resolution,
originally submitted, was adopted.
The House resolved itself into Committee of tho
Whole on the State of the Union and resumed the CON.
sderanon oil the bill to provide for the better organza
ing nsfer and disbursement Of the public
MT CHiPMAN resumed his remarks from yesterday, in
favor Of the bill He alluded to the proceedings Of the
wings IN S4o, which he stigmatised political ply
steal and immoral debauch The democracy were then
treated as bruteshe cry was hard cider and Tppe.
canoe GO It Tip and come it Ty." This was the
substance Of the appeals made to the people the pur
pese Of inducing them to abandon an administration
Chat OF Mr. Van Buren, which was as honest and up.
right and purely as any in the history Of
our country The first law the subject of the public
money was PASSED during the administration Of Wash.
ngton and was in fact an independent treasury and
now was proposed to guard andregulae the reception
ana safe keeping ofthe public money which under
rency for the office holders another for the people,
was humbug, miserable pretext urged on the PEG.
man from Indiana MIR c. B. smith) he asked him whs-
nsr ne was willing to take Indiana paper for his per
OIL
peieve MIN to be so very that.
MT j. r. INcEnsoLL opposed the bill. 1t proposed to
construct nothing Of which the country be proud
but the y Bank lived and died in great and glorious
prosperity So far from having been an experiment
i was proved to be beneficial during the forty Of
could got along without paper in country extended
as ours, and containing so large population. This
the treasure was kept by digging hole in the ground,
and placing near venomous serpent not thus
kept but in despotic governments. In England and in
Otner og0
whose business Il was to take care Off He urged bis
MT. HOLMES OF South Carolina, who delivered few
remarks in its favor
Mr.. O Iscss;oLL said the system proposed
nener more nor less than the principle of the law Of
1882 which established the treasury from
which we had widely strnyed. 1t extremely desi
country las be was told by the best financial authorty
instead OF waiting four for the adoption the spe
of the coin He had desired that as much as
possible o. the machinery provided for in the
feared was indispensable to carry into operation what
had been mscalled sub. treasury but now more pro-
Psriy an independent treasury He regretted the ne.
those who better the subject than he that
we must have this machinery trust the Executive
Therefore, he acquissced IN the bill it stcod-he
preferred It to that reported during the last session
regretted that it had been made party measure but
his was indispensable to insure its passage The bill
would pass-nothng could defeat tits existence for
hree years was certain; it could not he repealed during
been three years in existence, il will endure forever
There would be but sentiment this subject the
end OF three years The bill contained two great prn.
cipes the separation Of the government funds from
banking institutions, and the specie clause. He pre-
sumed Bank of the United States no longer con-
templated therefore, there occasion TO say any.
thing about 1t; was obsolete idea In speaking of
small note he received in change New York hotel
he said he stepped the street. and bought pair
of silk stockings well knowing that IL he carried the
note to Philadelphia it would not be worth that Snap
ping his fingers
A ysIcE;-"Do you wear silk stockings, and demo.
craft IA taught
Mr. lrGEasoLL said he did, and conceived that political
principles had nothing to do with dress man may
dress like gentleman and be democrat; and, as ex
amples he referred to jefferson, Livingston and Mad.
SON When be concluded his remarks,
MT BROWN OF Tennessee, occupied his hour in oppo
sition TO the bI generally and especially the specie
clause Ever since 1889 has paper been received in
some form by the government in payment OF its dues;
an 1876 Congress passed resolution which had the
State bank paper and that Of all banks which paid spe
Gle But should tins bill become law he did not be.
leve the scheme could be carried ou heretofore
found IN New York. and elsewhere he impracticabe
Mr. ORDER obtained the floor [voices-'Move that
the committee rise The motion was made, and pre-
vailed.
The SPEAKER resumed the chair.
motion was made that the House adjourn. [Cries of
"oh, no." and "oh, yes."l
And at quarter to four o'clock tho House adjourned
to tomorrow at eleven o'clock
NE~ ORLEANS, March q, 1876.
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