The national Republican., 1869-02-23
RORrlETH COSGRRSS---THlRD SESSION
MONDAY, FEBRUARY 90, 1869.
SENATE.


As soon as the Chaplain had concluded
his prayer, Mr.. Anthony arose and an.
nounced that this was the birthday OF
Washington, that 1t had always been the
custom to transact no business on this day
but rs the press OF legislation was now sc
great, he supposed Ii would not be expedient
to adjourn over, and would, therefore, move
to take a recess until O'Clock.
The motion was agreed to, and the Senate
accordingly took recess until Up. m.
EVENING SESSION.
The Senate reassembled at D. IN.
The Chair announced that the unfinished
business, being the tenurc-of-ofiice bill, was
before the Senate.
Mr.. Sherman moved to postpone the un.
finished business.
Mr.. Davis called for the yeas and nays,
but at Mr.. Sherman's appeal withdrew 1t, al
there was no quorum present.
The motion Of Mr.. Sherman was then
agreed to, and on his further motion the bill
supplementary to the act to provide a na.
tional currency secured by a pledge Of United
states bonds and to provide for the clrcula'
tlon and redemption thereof was called up.
The bill was read through, and at the re.
quest OF Mr.. Morrill,, Of Vt, laid over until
the Senate became fuller.
Mr.. Cameron called up the bill to abolish
the office OF superintendent Of exports and
brawbacksj which, after discussion, was
passed.
Mr.. Anthony, from the Committee on
Printing, reported the House Joint resolu.
tion directing the Secretary OF the interior
not to pay Dempsey & o'Toole for certain
stationery contracted for by the Patent OF.
fee. Passed.
Mr.. Sherman then asked to proceed with
the bill supplementary to the national cur.
rency act, and moved that the House amend.
ments be disagreed to, and Il committee OF
conference be asked for.
Mr.. Sherman said II was absolutely neces.
sary that there should be a more equal dis.
trbution Of the currency, that the West and
South should have more.
Mr.. Williams was opposed to making laws
to regulate the distribution Of the currency
That should be LEFT to the laws Of trade.
The money would always 60 into the bust
ness channels.
Mr.. Anthony opposed the withdrawing OF
any of the circulation from the Eastern
States. The banks Of that section had come
to the aid Of the Government, they had ac-
copied the national banking law when the
Western banks would not do so, and II was
not fair now to take this circulation from
them.
A message from the House was here re-
ceiyed, announcing the passage Of the Con-
stitutlonal amendment relative to the suf-
frage.
Mr.. Morrill,, of VT, thought this question
Of the currency distribution was too impor-
tant to be intrusted to committee of con-
ference. He would first move to amend that
$40, 900, 900 OF currency additional shall be
issued to the States and Territories not hav-
Ing their share, and that as fast as practi-
cable an equal amount Of United States notes
shall be retired.
Mr.. Cameron deprecated any action In this
matter. This question was one that was
more talked Of and less understood than any
other subject. He thought II was best to
walt until the bad man went out and the
good man came In, when they could have the
benefit OF his advice. He would move TO
postpone the whole subject.
Mr.. Sherman said the difference between
the two Houses was very simple and easily
noted. The Senate had merely provided
that $50, 900, 900 of circulation should be
drawn from the section where there was
an excess OF II and distributed among the
West and South, while the House provided
for an entire redistribution Of the currency
throughout the whole country. He (Mr. 81
intlmated that Mr.. Morrill, had offered his
the bill.
Mr.. Morrill, said he would withdraw his
amendment.
Mr.. Cameron said the State banks had
gone into the national banking system at
loss to themselves and out Of tho SPIRIT Of
patriotism, and this measure would be inju-
rlous TO than.