Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1868-03-10
CONGRESSIONAL.

In the Senate yesterday, Hon .. ~
vickers, Senator elect from Maryland
was sworn 10. Sumner desired 10 refer
the matter for inquiry, whether Mary
land was republican, but overruled.
Petitions were received from one hun
bred and City Georgia negroes, asking
for donations of 500 each. TO aid them
10 emigrate to Liberia. fTIfft VI
A joint resolution was introduced
authorizing the construction OF rail-
road and telegraph line from New Or
leans to Mobile. atsn fa ~
The resolution to "restore Alabama to
representation" was referred to the judi
ciary. inI fl.ieat r0
The bill to convert aud fund the inte-
rest bearing debt, and amend the bank
ing laws, was ordered printed. It au'
thorizes the issue Of registered or coupon
bonds to redeem interest, except the five
per cent or forty year bonds, provides
that these registered bonds shall be pay
able at fifty years with six per cent in
coin for twenty years, and i've the re-
naming thirty; that the bonds shall be
used only for redemption Of existing
bonds; that they shall be taxed one per
cent; that the amount Of tax
paid by each State, through its corpora
tons and citizens, shall be returned to il,
that all taxes paid on bonds held out of
the United States shall be applied to the
payment Of the principal of the public
debt, that the Secretary of the Trsasury
shall, redeem annually by purchase in
coin, ten millions for the first decade
twenty for the second, forty for the third
and eighty for the fourth, until all is paid.
The bill authorizes an increase of the ma
tional notes to five hundred millions, to
be issued in preference to sections least
supplied with banking facilities, and,
when the whole currency exceeds seven
hundred millions, to be retired 10 two
hundred millions. Banking associations
are required to hold their coin sufficient
to redeem the interest on their bonds
until able to redeem their currency.
Tables accompanying the bill show
that its plan will reduce the public debt
to nineteen hundred millions by 1878.
The national wealth is estimated as
doubling in little. more than twenty
years, and by 1908 we are to have prop
erty worth 1923, OOO,OOO,OOO, or thirty |
times what we have now, and owe moth
ing. tt@ eee Y |
Mr.. Logan had information that rebel
officers we're drawing pay from the Inter
nal Revenue Bureau, in Georgia, and
the material part Of their official oaths
out sit's4 As'e te
Mr.. Schenck offered a resolution to
inquire whether Edmund Cooper is per.
forming the duties of Assistant Treasu-
rer since his rejection by the Senate. |
Mr.. Maynard was permitted to record
his vote affirmatively on the impeach-
ment question. tl vi
4 A bill to incorporate the Mississippi
Leyee Company, and aid in the con-
Of levees was offered.
The resolution to inquire as to the
political status Of Texas was adopted.
Also resolution to report an amend
ment to the Constitution, making the
qualifications of electors uniform in all
the States.
Also resolution calling on General
Grant for all papers referring to the City
Council of New Orleans.
Mr., Burr offered resolution declar-
ing that sound policy requires with
drawal of the interest bearing bonds,
and the substitution of greenbacks. A
motion to lay on the table was negatiyed,
IS to Sc, and referred to Committee of
Ways and Means. s9J
A resolution was reported requiring
The commanding General to report the
number of votes in the Alabama cleo.
ton. a
Mr.. Logan alluded to fact which
caused /" stir"--to wit: that the Super
intendent of the Treasury and the Print
ing Bureaus clerk had obtained the GER
tifeates of three other officials of the
Treasury, to the destruction, in their
presence, of cancelled bonds to the
amount Of $lS, ,OOO-while in fact
no such bonds had been destroyed, and
while what was supposed to be such bonds
was no more than blank paper. This he
,ad been told by Mr. Clark, himself. He
had not believed the statement, and had
o 20 to see the Treasurer. Gen. Spin
Ter had told him that there ought to be
ZONE explanation made of it; that he
Spinner) did not know how it was, and
supposed it must have been done satisfac-
orily. He said if he had known the facts,
he would not have allowed it to be done.
Dying Confession OF Young Bicknslps
Murderer.
From the Columbia Herald. Extra, 7th.l
We find on our table the following let
.sr. We have not the faintest idea who
wrote it nor whence it came, nor do we
know that tits of any authenticity. We
give il for what il is worth:
Mr.. EDITOR: / hope you will depart
rom your usual custom aud publish the
following without knowing the writer.
The writer was at the gallows, and knows
what he relates. On being questioned
"a ~ his home. he replied that he