Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1868-12-17

steadily forward under the Radica
standard. If there are those who wisf
not or fear to go with US, let them fal
behind; but let not the party lag will
them. Above all, never yield the leat
to them"
Resumption OF SPecis Payment.
The following is the bill introduced b.
Senator Morton of Indiana, providing
for return to specia payments TIii
or some other bill providing for an early
reture to coin redemption Will be passed
by the present session.
A bill to provide for the redemption in
coin of the United States notes and frac
tional currency, and requiring the na
tionaI banks 10 redeem their notes IL
coin ......,
Re it enacted dc, That hereafter there
shall be no sales of gold belonging to the
Treasury of the United States, and thai
the surplus gold now in Treasury
and that which may hereafter accrue
over and above the amount required tc
nav the interest of the public debt, and
for other specific uses specified by law
shall be reserved and set apart for the
redemption of the United states notes
and fractional currency.
SECTION 2. Aad be it further enacted
That on and after the first day of July,
1871. the Treasurer of the United states
shall paw in coin at the Treasury of the
United States, at Washington, in the
District of Columbia, aud at slch Other
points as may be designated by the Sec
retary of the Treasury, all United States
notes and national currency that may be
presented for redemption.
SECTION g.. Be ii further enacted,
That on and after the first day of Janu-
ary. 1872, the national banks shall pay
in coin such of their notes as may be pre-
sented for redemption, and shall, on and
after the first day of July, 1870, reserve
and hold in their vaults all the coin that
NAV be received by them as interest. on
their stocks, held by the Government for
the redemption of their notes.
SECTIoN1l4. and be it further enacted,
That until the first of January, 1877. at
which time they are required to begin
the redemption of their notes, the ma
tional banks shall keep and hold in their
vaults the whole reserve of legal tender
notes, as now required by law, and that
on aud after that time the reserve oil
legal tender notes, as fast as Withdrawn,
shall be replaced with coin, in like
amount; and said banks shall thereafter
be required to hold reserve i'll coin in
the like amount, and for the same pur-
pose, as now required by law to be held
In legal tender notes. PTOuided, That
the Comptroller of the Currency may,
with the assent OF the Secretary OF the
Treasury, allow each bank TO hold a por-
ton of said reserve, not exceeding two
fifths of tile amount required by law, in
the United states notes. E' -elI
SECTIONS. Be it further enacted, That
the Secretary of the Treasury may cause
so many of the United States notes that
NAV be redeemed under this act to be
cancelled, as may in his Judgment be
necessary TO the proper limitation of the
currency; proyidei further that all frac-
tional currency that may be redeemed
shall be cancelled. - .-a
SECTION 9. Bet further eDqcted, That
on and after the first day of January,
1872. the United States notes shall cease
to be legal tender in lhe payment of
debts, but shall be receivable on pay
ment of government dues as now previd
ed by law. !
SECTION 7. Be ii further enacted, a'haI
the Secretary of the Treasury shall have
the power to negotiate and sell bonds of
the United States, to be due in thirty
years, and redeeinsble by the Govern
ment at its pleasure after ten years, bear
ing interest at the rate of per cent, the
principal and Interest payable in gold to
such an amount as may be necessary to
carry into operation the provisions oftbe
second section OF this act. ~ ed
OF the Armies of the Republic.
=. CHICAGO, December Is.
Chicago is alive with soldiers to-day.
What is peculiar. all of them are officers,
and ranging from dslel3l Of the Army
TO Second Lieutenant-men bearing
names that have been historic, and will
be handed down to future generations as
inseparably connected with the life of
the Republic. The. hotels, where are
located the headquarters of the different
are alive with excitement and
Around and in the hotels
are great crowds of citizens desir6us of
paying their respects to the distinguish
ed soldiers, or catch glimpse of the
great leaders, Grant, Sherman,
Thomas, Schofield, &c. At an early
hour in the day the different armies
gathered at the various places named,
for the purpose of transacting the busi-
uess connected with their organizations.
The Opera House was crowded this
evening to its utmost with the soldiers
of the Grand Armies and other citizens.
Mai. Gen. George II. Thomas presided,
and Introduced Lieut.. Gen. Sherman,
who madetbe following welcome address.
FELLOW SOLDIERs-It is nay pleasing
duty to address you this evening words
of welcome for the deeds that have been
spread before you. From the city and
from the country, i'rom the town and
the village, you have come together, the
from your grand yolun
teer armies, which responded to your
country's call in the hour of danger and
fought her battles, sometimes side by
side and sometimes far apart, but always
in union. [Cheers.] At her bidding you
to your homes. As farmers, as
as artisans, and citizens, after
a short rest, you have again assembled
toward that vale wherein you struggled
SO long, to point out to each other the
spots of the greatest interest and to live
over again those, hours and days and
of deepest anguish or of joy. |
know that you haye laid aside forever
the feelings of animosity and anger
which you NAV have entertained, and
that You have dropped into oblivion the
little jealousies of the hour, and that you
now stand here with hands extended in
fraternal friendship. Nomere self glori-
fication animates you, but just pride in
your own actions and a deep love of the
who stood by your side in the
hour of deadly strife and shouted with
you in the hour Of victory. Happily,
nv friends. Won did not belong to that
class of our people in whose hearts was
planted from youth the pernieious doc
trine of State power, and that the citi-
zens should love part of the country
better than the whole. [Applause. You
were reared in better school, and taught
to revere the Constitution of the whole
1sf
Gen. Belknap spoke to his comrades
of the Army of the Tennessee: 1t. all
seems dream; the insult to the flag;
th. proSidpntis call for Irn0r,S,r the great