Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1868-12-15
LATE NEW $
Ell TELEG R.fPA.
EORrlErM CONGREes.

;.
President presented . report from the Sec
rstarv Of War, transmitting a report from
the Commissioner Of the freedman, refugee
and abandoned lands bureau, asking for the
appointment Of commissioner to investi-
gate the operations OF the bureau since its
| organization.
| Referred to the Military Committee.
| A bill was introduced TO provide Tor the
redemption in coin Of United States notes
and fractional currency.
! The b,ll provides
! Sec |. That hereafter there shall be no
sales OF gold in the Treasury, but that all
that may acrue beyond the a,pou mt required
to pay the interest on the public debt, and
for other specific uses, specified by law,
shall be set apart for redemption Of
United States notes and fractional cur
rency.
See. ? Provides that on and after the 1t
o. July, 1871. tho Treasurer Of the United
States shall paw in coin at the Treasury Of
Washington and at such other points
~ he may designate, oil notes and frac-.
tienal currency - may be presented for re-.
dsmp.ion.
Sec. 3. Provides that On and sftsr july
lst. 1870, national banks shall reserve and
hold in their vaults all coin received by
them - interest on their bonds held BY the
government for the redemption Of their
notes, and on and after the let Of Jauuary.
1872, shall pay in coin such Of their
nsses a. may b presented fer redsmp-
ton.
Sec. 4. Provides that until Janusry let,
1872, the time when they are required 70
begin the redemption Of their netes, the
national banks shall hold in their vaults
the whole reserve Of legal tender notes now
required by Law. and after that time the re-
serve - fast - withdrawn shall BE- re-.
placed with like amount Of coin. AID the
reserve shall thereafter bs held in coiu. end
for the Same purpose now required 10 be
held in legal tenders; provided that the
Comptroller Of Currency, with the consent
Of the Secretary Of the Treasury, NAV d.
loo the banks . hold portion not exceed.
ine e2o5 Of she amount required BY Law in
legal tender notes.
See. s Provides for the cancellation Of
oil fractional currency redeemed. and 20
msny legal tender notes % may in the
judgment Of The Secretary Be necessary to
proper Limitation Of the currency.
Ssc. s. Provides that after the let Of july.
1873. United States nesss shall cease 70 b.
legal tender in payment Of debt, but shall
Do received n payment Of government dues
- now provided BY law.
See. :. Empowers the Secretary Of the
Treasury to regulate and cell United States
bonds due in term Of years, redemabls By
the government at its option after ten years.
B. cring inter. Ut ten per cent. principle
and Mt 4 s.aeahlA ID
such amount % may Do necessary to carry
into effect the second section Of this act.
The following bills we're also introduced
and appropriately referred
by Mir. Wilson, bill to az the number
OF Judges Of the Supreme Court and change
the Judicial circuit. II provides for an in.
crease Of the number Of Judges to fifteen,
and requires them to draw lots yearly for
these comprising the court to remain here.
and seven to hold court in the several cir
cults. By Mr.. Harlan, 4 bill relating 70
swamp lands 10 Iowa. By Mr. Williams.
70 establish uniform .uls Of naturalization
and - repeal previous acts. By Mr.. Pen.
sroy, 70 create Department or Indian az
fairs, and to provide for the civilization and
government Of the Iudians.
A number q resolutions Of Inquiry. ad-
dressed to the heads ofvarieus dspastmssts
we're adopted.
Mr.. Henderson introdu . resolution
requesting the Secretary Of the 1ntsrior to
cemounicats the reports and other iafor-
matisn received BY him in relation to the
late battle with the Indians, which was
adopted.
Mr. DrAks's resolution requiring that In.
dian treaties be considered il spcn Senate.
vas discussed and referred to the commit.
tee on the Revision Of Lass.
After an executive session, Mr.. Catte,l
introduced . resolution csnsurine the
President for the views expressed in hi.
message re ating 10 the national debt The
resolution was briefly debated BY Msssrs.
Cattsll. Edmunds, Hendricks and Nys. and
referred to the Committee on Finance.
The Senate agreed to the House rsselu.
ton for An adjournment from December
2ist to January 9th, and adjourned until
tomorrow.
HcusE.-A bill was introduced providing
Tor the defence Of the southwestern f:ostief
and making grants to the North Aasrican
Railway. Referred 70 The Military Con-
mittes.
In The Hs1ss q dsy large uuubes Of
bills end tssolutleuo were introduced and