The New York herald., 1868-03-28
THE FORTIETH CONGRESS-.


WASHINGTON, March %, 1865.
RELIEF OF CERTAIN AMY OFFICERS AND SOLDIERS.
Mr.. CoSKLISo, (repJ OF n. ", introduced a joint
resolution for the relief OF certain Officers non-com-
missoned officers and soldiers Of the army, which
was referred to the Committee Military Affairs.
SALARY or THE ATTORNEY GENERAL or NEVADA.
Mr. STEWART, (rep.D Of Nevada, introduced bilI 20
Hx the salary OF the Attorney General of the State OF
Nevada, which was referred 20 the judiciary Com
mittee
REGULATION oF TIE FRONTIER co,srIso TRADE.
Mr.. CHANDLER, trep.l OF Mich, called up the bin
to regulate the ooasting trade ON the northern,
northwestern and northeastern frontiers VI the
United States for which he offered elaborate sub
stitute. Mr. Chandler explained that vessel clear
ing at Bnlfao h Obliged ~ take out q manifest
at every port al which she touches.
This bin authorizes the captain TO state In the
original manifest what hts cargo ~ and wltre n N
To be delivered without requiring him 30 take out
any other until he shall have reached his destination.
The fees otherwise but slightly changed.
Al the suggestion Of Mr. FESsKSps>. trcp.D OF Me-,
the bill was laid over, Mr. Chandler giving notice
that he would cal y up to-rnorrow.
ADDITIONAL CorIEs oF ROSS BHowNE's Rkronrs.
Mr.. Ross, Qrepl of Kansas offered q resolution 20
print nve Thousand additional copies of .. Ross
Browne on the Mineral Resources u the Tcrrioges.
Referred 70 the Committee on Printing
THE surrLExEsTAL cuRKkNcy niLt-
Mr.. CArrELI, lrep.l Of n J.. moved 70 take up the
currency secured by pledge Of United states bonds,
and to provide s0r the circulation ana redemption
Mr.. HOWARD trep.l of Mich, and others urged
that the bill in relation 70 the central branch OF the
Union Pacific Railroad be taken up and the Discus
sion on II concluded.
Mr.. CArrELL's motion prevailed. and he addressed
the Senate In support of the BIN. lie claimed that
the national banking system should have fair trial;
that II was based on sound principles that n had
been shown already To he great Improvement upon
the system OF state banks. This BIN would correct
what experience had shown 20 he defect In the
system-namely, plethora OF money In the Eastern
cities to the impoverishmcn of other places, result
ing from sending bank reserves, which are intended
be the conservative power Of the system from the
country to city banks, which pay interest on them
and appropriate them a. they were usable capital
thus DESTROYING the reserve required by Law 10
be kept. Banks were property lenders. not borrow
When they departed from their proper sphere they
became spectators In money. His friend from MIS-
sour (Mr. Henderson, would probably, before the
session closed. introduce some measure looking % an
increase In the volume of the currency for the cBc
Of the West when the manifest tendency OF the prac-
tice he had referred ~ would I've 10 continue the
scarcity Of money IN the West. The only thing 10
correct this evil IN his opinion Nas such hill the
present one, forblddng The practice.
Mr.. CAMERON, trep.l of pa said country tanks
found IL necessary at certain ~'ason~ ~ the year,
when their funds were othefwirs unemployed. To-
keep their balances IN the city draw interest Hc