Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1868-03-10
! LATEST IELEGRAMS.
MIDNIGHT DISPATCHES
CONGRESSIONAL pROCEEDINGs.
Senate.

4
| senate.
4 WASHINGTON, March 9. -Reverdy john
son presented the credentials of Geo. r.
Vickers, Senator elect from Mary laud, and
| asked that he be sworn. He was advanc-
ing to the Presidents desk for that pur-
| pose, when Mr.. Sumner rose and offered a
resolution referring the credentials to the
Judiciary Committee, with instructions to
inquire whether the government of Mary
laad was Republican in form sufficient to
allow her to send Senator at this time.
After debate Mr.. Sumner withdrew his
resolution, and Mr.. Vickers-took the oath
and his seat.
The Senate agaln too up the consular
| and diplomatic appropriation bill, on the
| question of the amendment by the Com
mittee on appropriations, striking out the
| appropriation for Minister to Portugal.
| After considerable debate the amendment
was lost. The amendment by the committee
striking out the appropriation for Minister
to Ecuador was agreed to. The amendment
reducing the contingent expenses of for
eign intercourse from $4,000 to $4,000
ELECTED general discussion, and was agreed
to. An amendment striking out an APP
preparation of $4,000 for the expenses Ct
intercourse with the Barbary States. Pend
| ing further consideration, a motion was
made to adjourn and carried.
House of Representatives.
Bills were introduced and referred, to re-
! duce the expenses of the navy by retiring
all officers on reaching the age of sixty /;
no further promotions to be made to new
grades created since 1859; the Naval
Academy to be suspended after the present
season; declaring that the present debt
| should not be paid by this generation and
also declaring it the duty of Congress to
| provide for the adjustment and payment of
claims Of loyal citizens in the late Rebel
States for subsistence, etc, taken for the
| Union army.
Petitions were presented from one hundred
and fifty destitute negroes in Georgia and
Alabama, asking an appropriation of one
hundred dollars each to enable them tc
emigrate to Liberia. OF various publish
ers against the passing of the copy right
law. Also, for the abolition of Vice
President of the United States Tabled.
Mr.. Conklin introduced resolution
authorizing the construction of rail
road and telegraph line from New
Orleans and Mobile, and to secure it to the
government as military and post road
Mr.. Wilson introduced bill to provide
for the conversion and funding of the in-
terest-bearing debt, and to amend the bank
ing law of the United States which, on his
motion, was ordered printed and laid on
the table. 1t authorizes and requires the
Secretary of the Treasury to issue coupon
or registered bonds sufficient to redeem the
Understanding debt, except the FIVE per
cent. and forty year bonds. 1t provides
that said bonds shall be payable in fifty
years, bearing six per cent. interest for
twenty years, and five per cent after twenty
years, payable semi-annally. Principal
and interest payable in coin.
Third section provides that said bonds
shall be used safely for the redemption and
exchange of existing bonds, and such ex-
change may be made until January, 1870,
under regulations to be prescribed by the
Secretary of the Treasury.
Fourth section lays tax of one per cent.
per annum on new bonds and directs the
Secretary of the Treasury to withhold from
payment interest as it accrues.
Fifth section directs the Secretary of the
Treasury to ascertain as nearly as possible
the amount of tax paid by each State
through its citizens and corporations pay
annually to each State the amount of tax
received from its citizens and corporations
the tax TO be in lieu of the State, municipal
and local taxation on the bonds;
Sixth section provides for the gradual
reduction and final extinction Of said debt,
as follows First, by applying annually to
the payment of the principal all taxes
paid on bonds held or owned outside of
the United States. Second, by directing
the Secretary of War for the first decade
hereafter to redeem annually, By purchase
in coin, ten millions of said debt for the
second decade twenty millions annually;
for the third decade forty millions annual
ly; for the fourth decade eighty millions
annually, or until the whole is redeemed.
Seventh section authorizes the increase
Of national currency to FIVE hundred mil.
lion dollars, and directs the preference of
issue thereof to sections of country not ad-
equately supplied with banking facilities.
Eighth section directs the Secretary of
the Treasury, when the whole currency ex-
ceeds seven hundred millions, TO retire and
cancel as rapidly as possible until out
standing notes are reduced to two hundred
millions.
The last section directs each banking as
ISOLATION to hold its coin, redeem the in
terest received on bonds az a specie reserve
until able TO redeem its currency, and not
to use said coin reservation for any other
purpose
Accompanying bill was ordered to be
printed, with its table showing that under
provisions of sixth section the interest
bearing debt, now amounting to two thou
sand million dollars would be reduced in
1873 to nineteen hundred millions, and
the interests to one hundred millions.
The House proceeded to the cousidera-
ton of the resolution which was offered last
Tuesday by Mr.. Loan, instructingthe Judi |
ciary Committee, inquiring into the politi- |
cal status of the State of Texas. After |
remarks by Mr.. Loan the resolution was
adopted.
Mr.. Newcomb offered a resolution in |
structing the Judiciary Committee to re-
port such an amendment to the constitu- |
ton of the United States as shall settle |
the qualification Of Electors impartially |
and uniformly in all the States. Adopted. |
Mr.. Cook offered a resolution directing /
the General of the armies to send to the |
House all the papers in his office relating
to the City Council of New Orleans and
Jefferson city, La. Adopted.
Mr.. Broomall offered resolution de-
claring that the House never has and never
will surrender the right to withhold appro-
priations for carrying out Of treaties and
of annexing territories. Referred to the
Judiciary Committee.
Mr.. Judd offered resolution directing
the Secretary of the State to furnish copies
of the correspondence Of negotiations and
treaties with any German States since the
first of January last, relating to the rights
of naturalized citizens
Mr.. Burr offered a resolution declaring
that sound financial policy requires with
drawal Understanding bonds and substitu-
ton of greenbacks.
Mr.. Spalding moved to lay on the table.
Negative Sc to So.
The House refused second previous ques-
ton.
Then on motion Of Mr.. Allison, referred
to Committee on Ways and Means.
Mr.. Besman, from Committee on Recon-
struction, reported a resolution directing
the General commanding armies to report
the number of votes cast under the recon
struction up to the present time, for or
against the Alabama constitution.