Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1868-12-15
CONGRESSIONAL
9h WASHINGTON, Dec. IA. q
nSENATE.J 9aGsi an1 20

/
-IIhlif nj b95asq5- oi 76W t0G,O0-5
sbem seitHs7l wAsHrNGToN, Dec. IL 81
| tsT rsdt len SENATE 92ssi ad1 I'd
| Inc Mra SHERMAN oprssshteds a memorial
and, address ofSthe members of the Legs
lature of Mississippi alleging that the
Constitution. was adopted by majority Of
| registered voters in the State and pray ing
| Congress to recognize itlas the Constitu-
ton of Mississippi and put in oneration
| the State Government under it. Referred
to committees on Judiciary.
8 MrlM0RTON INTRODUCED the following:
a Btu to provide for 1s redemption III c6tn
i of the o. s.. notes. and fractional currency
! and requiring the " atioaal .Barlks TO re-
| deem their notes IN coin., q, r,..,...,,,o IA
| Be it enacted, &C., &c., That hereafter
| there shall be no sales of gold belonging to
the Treasury of the United States, and th;
the slrplusigold nowin the Treasury. and
that which may hereafter accrue, over and
above the amount required to pay the in
cifiS uses, by. law, shall be reserved ana
set apart for heredemption OF the United
States nptes and fractional currency. 4sIob
| SEC. 2. And be it further enacted, That on
and after, the 1st day of July, 1871, the
Treasurer of the United States shall pay
in coin, at the Treasury of they United
States, at, Washington, in the District ,of
Columbia, and at such. other points as may
be- designated by the Secretary of the
Treasury, all United States notes and frae-
tienal CURRENCY that may presented for
redemption. or ri b5tsts az .savy 5usm|
SIC, 8. Ard be it, further enacted, That on
and after the 1st. day of JanlIary, 1872 the
National Banks shall pay in coins such OF
their notes as may be presented for re-
demption, and shall, on and alter the lst
day of July, 1870, reserve and hold in their
vaults all the coin that may be received by
them as interest on their stocks, held by
the lGovernmentior the redemption of their
4 stocks. a., s.,,,o4 ft yI zrriurT ~
SEC. 4. And be it further enacted, That
until the 1st Of January, 1872, at which
time they are required to begin the re-
| demptipn of their notes, the National
Banks shall keep and hold in their vaults
the whole reserve of legal tender notes, as
now required by law, and that on and at
ter that time the reserve of legal tender
Totes, as fast as withdrawn. shall be re-
placed with coin, aud said banks shall
thereafter be required to hold reserve in
coin to the like amount, and for the same
purpose, as now required bylaw toNe held
in legal tender notes; provided that the
Comptroller of the Treasury allow said
| banks to hold a portion of said reserve.
not exceeding two fifths of the amount
required by law, Il in the United States
notes. H. J.f-, t...,.I+ ft.,r-. -..i..-s-...
SEC. 5, And be it further enacted That the
Secretary of e. Treasury may cause so
many otthe United States notes as may be
redeemed under the provisions of this act
to be cancelled, as may in his Judgment
be necessary to the proper Limitation of the
currency; provided, further, that all frac-
tienal currency that may be redeemed
shall be cancelled. 80. ...-f...-.. 81 ~
SEC. 6. And be it further enacted. That on
and after the first day OF January, 1872, the
| United States notes shall cease to be le-
Il nc in of dc hlt hal l.
be, receivable in payment OF Government
/ dues, as now provided by law.
i SEC. z. And be ii further enacted, That the
| Secretary of the Treasury shall have the
| power to negotiate and sell bonds of the
i United States, to be due in thirty years
and redeemable by the Government at its
| pleasure, after ten years, bearing interes st!
at the rate of z per cent, the principal and
interest pay able in gold, to such an amount
| as may be necessary to carry into, opera
| tion the provisions Of the second section
OF this act. -5'- -s -fi -- I
The following bills were also introduced.
/ By Mr.. WILLIAMS, A bill to establish
uniform rule of naturalization and to re-
peal the acts heretofore passed upon that
subject. Referred to committee on Judi
ciary.
| By Mr.. POMEROY, A bill to create a
| Department of Indian Affairs, and to pro-.
! vide for the civilization and government of
the Indians. Referred to the committee on
| Indian Affairs. T...-
By Mr.. COLE, A bill relating to paying
contracts payable in coin. Referred.
i By Mr.. FERRY, A bill to amend the nat-}
uralization laws. Referred to the commit
tee on Judiciary. 4.. - I .A ' -.-
BY Mr.. KELLOGG, A resolution request
/ ing the Secretary of War to communicate
4 any information received by him from the
| officers of the Freedmen's Bureau in reler-
| tha lato RI Iiof hon i'm N a.
/ Adopted. .i 9i-5 .gl stj s4&
/ Also, a resolution asking the Secretary
i of War to inform the Senate what number
of troops are employed, and whether any
j volunteers are so employ ed; if SO by whose
authority. Adopted. arr.fF
| The Senate went into Executive session
at :45, and continued about Is minutes,
after which, jH sHfa p s"t t'i-
/ = Mr.lCATTELL introduced a resolution.
censuring the President for the views in,
i his message relative to the National debt.
\ The resolution was briefly debated by
Il Messrs. Cattell, EdmuDds, Hendricks and
Nye, and then was referred to the commit
tee on Finance. .- g., 5-rrfl-s zu-. .gls.-sl
Mr.. WILEY introduced similar reso-r
luton, which was referred to. the same
Il committee. 'H 'ii'.' go 200. W
The Senate agreed to the House resolu-'
4 ton TO adjourn from the 2lst inst. to jan
uary 5th, and adjourned until to- morrow
| -zlE .JWn3' HOUSE. H-l -aj u
4 A bill was introduced providing for the
defence of the northwestern frontier, and
; making grants to the North American rail-
road. Referred to the Military Committee.
: A large number of bills and resolutions
were introduced and referred, including
the following: .a .r .t...s-'. ~
By Mr.. MILLER, Declaring that the
principal of all United States bonds shall
, be paid in coin. Referred to committee on
, WAYS and Means. g
4 By Mr.. GARFIELD, To legalize gold
contracts. Referred to committee on Ways
and Means. ---T .s.. ~. ...,-.- 81
By Mr.. SPAULDING, Declaring that
Congress will not entertain any project
that looks directly or indirectly to re-
: pudiation of the debt OF the United
States. and that it abjures unhesitatingly
the proposition embraced in the Presidents
message of applying the interest of the six
per cent. bonds in liquidation of the prin-
cipal. Referred to the committee on Ways
aud Means. ..-,.-- 80 - - -..-..
II By Mr.. PLANTS, To divide the State of
, Ohio into three Judicial districts. Referred
to Judiciary committee.
: By Mr.. PAYNE, To repeal that provis-
ion of the act OF March %, 1867, which for
bids the maintenance of State militia in
North Carolina. South Carolina, Florida,
( Alabama and Louisiana. Referred to the
committee on Reconstruction.
By Mr.. HUBBARD, of West Virginia,
A joint resolution of West Virginia Legis-
} lature asking Congress to aid in the COM
f pletion of the Chesapeale & Ohio railroad.
: Referred to the committee on Roads and
o Canals.
By Mr.. PAISLEY, A like resolution
asking Congress to pass law to incorpo-
rate the Washington & Cincinnati in the
National Railroad Company. Referred to
o the committee on Commerce.
> Mr.. ARNELL offered resolution recit-
ing that ku Klux outrages continue to be
: practiced in Tennessee and elsewhere, and
Iinstructing the Reconstruction committee