Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-01-11
LATEST KILOGRAMS.
MIDNIGHT DISPATCHES.
CONGRESSIONAL PROCEEDINGS.

senate.
WASHINGTON, Jan. 10.-Mr. Howard
made personal explanation, blaming the
correspondents of the Herald, aud other
papers, in violating confidence by publish,
ing his report in the Stanton case.
Mr. Morrill,, from the Committee on APP
preparations. reported bill, with amend.
ments, supplying the deficiencies under the
reconstruction acts and for the service of
the Quartermaster's Department for 1868.
The bill relative to the tax on distilled
spirits came over for signature, and goes
to the President.
The bill to prevent further contraction
of the currency was taken up.
ETOuse of Representatives,.
On motion of Mr.. Washburn, of Hi
nois, it was ordered that the session to-
morrow be devoted TO general debate.
Mr.. Stevens reported bill to establish
a system Of schools for the District of Coz
lumbia that should be received as a model
for similar institutions throughout the
nation. Made the special order for We'd
nesday.
The Joint resolution under discussion
YESTERDAY, in reference to whisky meters,
on which the previous question had been
seconded, came up, and sitter debate,
passed.
A message was received from the Presi,.
dent giging the names of the States that
ratified the 14th article of the constitution
They are New Hampshire, Tennessee, Or
egon, Vermont, New York, New jersey,
Illinois, West Virginia, Kansas, Nevada,
Indiana, Minnesota, Missouri, Wisconsin,
Pennsylvania, Michigan, Mass aehusetts
and Nebraska.
Mr.. Trimble, member elect from the LIST
district of Kentucky, took the oath and
was admitted to his seat
Mr.. Harlan introduced a bill, that all
appointments from the Postmaster's De.
partment, where the postmaster's compen-
sation amounts to $500, and all railway
clerks and postoffice agents whose COM
pensation amounts to $500 per annum, shall
be made by the President, with the advice
and consent of the Senate; and all such
commissions and appointments now held
contrary to this rule shall cease within
thirty days from the passage of this act.
Mr.. Henderson introduced a resolution,
which was laid on the table and ordered
printed, instructing the Finance Committee
to inquire into the expedieney of reporting
bill for the consolidation of the national
Indebtedness into bonds of long date, leav-
ing not more than 81 per cent interest per
annum, principal and interest payable in
gold, and secured against State taxation.
Also, as to the expediency of repeating the
law to increase the net national currency
$500, 100000, so as to allow persons depos-
iting new bonds to receive 5 per cent. of
their value in national currency for the
purpose of circulating, and requiring ma
tional banks to deposit, within a given
time, new bonds or else surrender the cir
culation now secured by deposit of govern.
ment securities; and in the event they sur
render such part of their circulation as
to reduce the amount outstanding to less
than 100000, 900, then to allow the Secre-
tary of the Treasury to issue a similar
amount of legal tender notes, TO be used in
the payment of the bonds at the time they
are redeemable. The resolution further
instructs the committee to consider the pros
priety of creating a Financial Board, com
posed in part of the Secretary of the
Treasury and Comptroller of the Cur.
rency, who shall have power, in case the
national bank currency shall not be mate
rally diminished, to cause it gradually to be
funded or cancelled until return to specie
payments, after which the board may be
authorized in time of commercial dis
tress or panic, to cause to be issued and de-
liVered to the banks, in proportion to their
circulation, a deposit Of the new bonds
and legal tender notes to an amount not
exceeding fifty million.
Mr.. Morrill, reported an amendpent to
the deficiency bill returned from the
House with an amendment authorizing the
President on application of the Secretary
to tranfer the monies appropriated for one
branch of department to another branch
of the same department
Mr. Sherman, in pursuance to notice he
gave when reporting the funding bill,
moved that it be recommitted to the COM
mittee. He said some prominence had
| been given to well written anonymous
circular which had been sent to each SEN
ator, and extensively published, which
| seemed to impute to the Finance Commit
tee desire TO favor private Interests The
| clause complained of was a Limitation of
one per cent. for expenses of issuing and
| disposing of bonds audited. In regard to
foreign exchange, the answer was, that the
one per cent. clause is a mere Limitation
in every loan passed for twenty years,
with the difference that in this there is no
| appropriation of one cent, while in other
| loan bills the committee did not contem~
| plate any expense but printing for any
| agent except the Treasurer of the United
States. Even this expense is not provided
for, but viii depend upon future appropri-
atoms as to foreign exchange, and is only
to provide for the actual difference of ex-
change between the exchange bonds and
the lower rates proposed by the bill. The
Finance Committee wished fairly to con-
slider every objection to the bill, and they
meant to stripit of every provision that
possible might enable interested parties to
divert attention from the great objects
sought By the bill. If no one else did 50,
he would move to so modify those clauses
that no one could be misled by this pre-
tense