Daily Davenport Democrat. [volume] (Davenport, Iowa) 1864-1874, 1869-01-19
LATE NEWS
III TELEG R.fPM.
FORraErM COVGREss,

WAsn,sGroS, Jan. lS-SgNArE.-A me-
mortal from the President praying that tho
political disability be removed frem all Su-
psrintsndsnts Of insane institutions at the
South. Referred.
Mr.. Morrill,. Of Vt, presented q petition
from The merohants Of New York, Phlla-
delphia, Boston and Chicago, for the en-
sctmsnt Of q Law providing that hereafter
all purchases Or sales Of leans and bonds OF
tho United States, or accounts Of the Uni
ted States, shall Be made BY inviting the
public competition, and thoroughly advsr.
Using for proposals.. All sales Of gold for
accounts ofths United States shall Be made
1t public auction ~ an authorized official
Of The Treasury Department ct the time and
place duly advertised. Referred to the
Committee on Finance.
Mr.. Sherman, from the Committee on
Finance, reported a bill providing,-
Let. That any contract made hereafter.
and specified payable in com, shall be To-
gal and valid, AMI may 30 enforced accord
'ng to lis terms, and anything in the gen.
cal acts relating To tho United States notes
To mo contrary notwithstanding provided
thar this shall not apply Ia contracts Tor
oorrowiae oil currency or to the removal or
extension OF an Indebtedness which is IN.
der contract already entered into unless
such contract originally required the paw.
mont il csin.
Ser. I'd appropriates out Of the import
duty one hundred and forty millions an
naaily to be applied to the pay ment OF in
terest end the reduction of the principal OF
the public debt. Such redustion 10 be in
lieu Of . sinking fund. provided for in the
Act Of February 25th, 1862
SEQ. Q provides fer the issuing Of & per
cent. and 10 80 bends Of not lsas dsnomi
nations than 800, which shall DO sxeupt
from taxation. State, municipal or lscal.
and emily subject to union tax Of the Uni
ted States. Said bends to b furnished bv
the Secretary Of the Treasury 1t par.
SEQ. 4 authorizes the Issuing BY the See.
rotary Of the Treasury il dems nded. in lets
Of not less denominations than SO. pays.
bic il coin and receivable for all taxo.. du.
ties q debts payable to the United States.
The Secretary Of The Treasury 10 alss %
thorizsd to supply On amount Of such coin
and notes not exceeding the amount Of the
Us'sed States bonds, ready for convsrsisn
into bends - provided for in the drst sec,
ton Of THE act, and 70 purchase in epsn
market any part Of the 8 per cent. eesuritv
Of the United States, and 70 cancel an
amount Of the United States notes used a
eecurities. 90 purchased, and said coin lie
o,iit'es Of United States purchase and
adoption OF the csnditiess, provided, hsw-
ever, that the aggregate Of e,in and notes
Issued under this oct 10, that the ousstand>
ing gold certificate deposits shall not o..
coed the coin and bullion in the Treasury
Of the United Stasss, and such esin netee
shall bs paid according to their value. and
may be resumed from time to time % the
sxigenciss Of the public service shall r.
quire.
Sec. Authorizes any National Bank
nov or that shall b. hereafter oreauissd
without respect TO limitation, Or the three
hundred million circulation prescribed by
the National Banking Act, to Issue payable
in coin, instead Of United States notes.
such notes only TO Be Issued to the amount
ef6S per cent Of the securities deposited
Win the Treasurer ~ security for the re.
dempuon OF said notes. No bank ahall
receive less than fifty thousand Of such
coin nstss. and such banks and coin no,ee
shan % subjected in oil other resp scts e
the Limitations, restrictions and rrovjaions
Of the National Banking Act.
Ar. Williams gave notice Of an amend.
mont to be offered BY him and printed with
the bill, providing that not to exceed tvo
aillions lawful mensy shall b ssnv
into bones in any one month alss TO
amend the 4sh section BY striking cut The
wsrds, mot preceding" and inserting
''squal TO-"
Mr.. Cattsll also gave nstics u the fellss.
ing amendment
Any holder Of any bends provided f.r 10
this act may present the zane o the Treas.
drsr Of the United States and dsCand Law.
full money 9th United States q: principal
and accruing interest thereon aud the
Treasurer shall rsdeso the ssoe IL lawful
msney Of the United States, unlses the
aoeuns d the Ucited States Thea out.
standing shall - equal g oS60. oO0. 900.
ana such bonds shall not b. rodeemable
alter the United States have reenu ID nav.
ment Of coin for their notes.
Mr.. HARLAN, on . question of n,;,;l...
read rom sno ccsrsspendsnee Of che Gin.
cinnati Gssstts charging him with vrons
doing IN reference to subsidies and erants
to Pacific railrsads, and made LONE a..
PLANTATION. and denied the stasemcn. !.
unfounded.
Mr.. Psusrsy also commented on n.
same letter.
NJ: Grimes defended bic collie, que frsm
the charges made.
The bill regulating u duty - esppsr.
&c. wes taken up, 10 sevenl ancsi.