New-York tribune., 1868-03-04
XIrH ooNdRESS-IID SESSION.
SENATE. .wAsHISGToS, March 3 1895
.,r a., -. .....,,. -. 81, .,-,-,. (-rr-pp TAX.

directing tho COMMITTEES on Finance TO inquire INTO tue
exPediency of repeating all laws imposing '"N' ' ~
comes and manufactures. Adopted
EXEMPT PROPERTY N THE DIsIhlC"
BIr HARLAN Osep. Iowal called mp the Di c1'iui'inE
property in the District Of Columbia heio iOr sO0' pun
plses from local taxation. Passed.
PAc1rrc RAILROAD LANDS
~ TuAvrR Rep Nebg called up the bill restoring
- ,, Io,,,, t,e limo OF the Pacific Railroad and
,.,os passed The alternate even sections are re-
stored 20 market
GEN. ANDERsoy's HEIRS
On motion OF Mr. FEssENDEN (Rep., Me- the Senate
,o,ceBeurred IN the amendments to the bill making ap
Preparations to the heirs Of Gen Anderson.
- IIIE MLIRiGAL SYSTEM. ,., A.,
following b which was referred to the Committee on
Finance -. -, q. y.,.., ..u,, ,...r.. g,
fvs dollars of the States and twenty I've francs money
Isoss according s regulation & The g0 SoaSge ~ 5 ,9 ] ySs4
esl ooaseea's oqa Be Sy Se same sam precisely sqa
bs.. for sseh sqgaity5 therefore, - - =,
pee shs hsrsaer be l5 gan Troy weight correspond with le
s al bs other gold coins t6 Uate states SHAH contain pure gold
IN s At tes rate . e gu aud ele Os gram Of
boeasss The United States by the thereof shall pass and
sop,usd and hsnesori u I'll sccoaH and tsasscons which
pouDi rng Involved the same shsl be aud estimated at
az Of dollar to toe pound sterling which has heretofore been
b. Tiisr saaoa That after the s day Of January add
ihiass o. Of commercial nature Which sre par Of
Ing shall be used 70 be returned ev and collected n the same nan
be retsSaed levied, and collected
A.. ..... ..,-e.- GOVERNMENT FOR IDAHO
Nc. YATES rep. Ill reported with amendments the
bll to provide for Government for the Territory OF
RELIEF OF SETTLERS
Mr.. RAMSEY Qlep.. Minn9 called up the billfor the
relief OF settlers the late Sioux Indian reservation
PAYMENT or SOLDIERS BoUNTIEs. 49,.
Mt WILSON Rep. MassJ called UP the phi 70 - il' ,se
the payment Of soldiers bounte under the act oS q lS Sd
IL authorizes the employment OF addi1ioH'i o' ''"
additional ofhee accommodation etc
the MANAGERS or IMPEACHMENT
Pending the consideration, at o'clock the Clerk OF the
House Appeared and announced the appointment OF the
managers on the part the House. 10 conduct tie i'm
peachment with directions to carry tho articles TO the
Senate for their maintenance.
Mr HOWARD Rep, Mch) offered, aud the Senate
adopted, the following order:
Ordered That the Secretary OF the Senate be directed
to ml6Yn the House OF Representatives that the senate
Is - ready 70 Teeeiye ihe @ a @ m Safe articles OF m
paaohment against Andrew johnson, President OF the
N"''',' FUNDING THE NATIONAL DEnT.
On motion Of SIr. MORRILL, rep. VII the Senate
took 40 the bin to fund the National debt and for the
tbe snstute reported by Mr. sherman, from the Com
mitteo on Finance He thought the most lmporlan'
irst, reduction Of expenditure as low as possolt;
second reduction of taxation, leaving II only CERTAIN
that semethiug shall be pad annually on tH9 SaOnl ~
debt third, some measure looking TO inc speedy IesmHp
tioa ospecie payment fourth an extension OF the Ma
tans banking system 20 accommodate all sections
when United States notes are retred OF specie pay
lower rate Interest. Re approved the provision in
tho D Tor loan at lower rate or 9tet&e rest pH ne "f
their o0ndltOn would be worse. he would rathof pIOp
up tlls pnblo credit with faith and good works than stab
Iu its Vulnerable part The Senator from ONO (sler
man mad claimed that there reasonable doubt
whether have not tie right to pay the river
n grcenbacks the ground that i would De Just 70 re
tho yRDe as When they were lssueu tn a. @ @tnte
was contract under whicn they were issued limiting
fo nav them of In such currency would be violation OF
public engagements that we dare not commit ana thai
r. s.ta,. H,-a CQut rejected
Hoa % 70 redeem TS the FiveTwentes in grsenbaes These
asc,raons mieh alarm the mid holders OF bonds and
az create eiut of sales He DIr. MORRILL, did not see
Ihe pocy OF the threat II they could be lgntuIy pao
sSaeSs obviously 400 100000 Of greenbaeks wouldnot
pay OOOOoODO Of bonds and without liquidation green
was always rghtfuy held responsible for tho measures
adopted by IT, and the majority mus ne pc Is f tSs
sppositlon for Initiation lie for the right because II
1Siiess fhey would seiEe every Preext here they
had Ohio and NewIersey, 70 battle against tae s meas -
ifsme she measures on principles that will endure re-
IN tSsT want shn-paster candidate, said he let them
tTOs him out. We can DO better. tne pfolose9 R e ~ @
annually SnS 2ai Il s, %S O snteppe n in S hs
country whether such large debt c0uld be carried az
less rate than per cent az any time IL certainly coniu
higher hore than Europe. This provision would Tend
consolidate loans into permanent one 0 & % nHSL Tsen
OF carrying the public debt Our credit should eommana
o,S SI S bs kent and this being larger loan, fun
sSvsient FOR the reducOn to those seeking perma-
nsnt Investment less liable to uctuation Five peiSent
too with tine exemption from taxation, was preeraDe 10
Z ner cent with State taxation OF Per cent, a
T,lSUieOe which the Government could not surrender
70 states without grave peril that would lead 70 carry
The ebt abroad and thus lead TO one OF the greate
OF absenteeism earning money a. hos ls 1o 10 s Iva
ton The provision OF the bill for Authorizing ehoiee
inent OF special contracts for coip would remove an I'M
Just announcement on eoioneLSe, M & anu @ DIS
out boarded gold and 80 would the excess OF paper
ist0D be the sooner retired and knayery DC no longer
a lxed amount OF the debt interest ana principal was
bs thouTf in the rigAt direction and would strengthen
1r sscrifes He wished there 10 measures IN the
h more Objectionable than these Alter DrleI review
81 tss cites Which the country has surmOuned he
90 t had forced the people 10 accept one
Exth OF the entire indebtedness IN promises 70 pay Wt
out interests the holders oI whieh 9ogo Goy % Tbe
danger that oa9 So cnesPV bs aaos, wS9 s9
s9ecess OF tho country was tending 10
condition from which there would be no outlet 1na
vas that having banished gold from use for seven
yesrs we shoud Danish il entrely that the taxation
,ever he dinlnished because of unwungness TO re-
place any portion OF the circulation with gold and sye
bonds aud legal tender notes certainly expert
rpent and while feeling dhident about expressing an
Senmee he could not ignore the possibility that It may
is hazardous predict the practical results OF this new
SHele,Sne ths proposition because under
10 approach any nearer 70 speeie ~ tnsh an we are
aSy and Get not specie but bonds they might carry
bonds There and get not specie but notes II looked
money His second objection was that II Is positive
snfhorzaton increased issue OF United states notes
,,ts States Bank The sereotyped argument in favor
~ aTpanx0n was that 1t win make money abundant and
ioer he rate Of interest Tho faacy OF ths appeared
comnarison Of the money markets Of the country
fkay sand now and as they stood one year ago. TOT
ulsey the secretary OF me 8aS beam secSred
but money Is much more plentiful &c al points ana