The New York herald., 1869-03-26
THE FORTY-FIRsT CONGRESS.
First Session.

THE FORTY-FIRST CONGRESS.
First Session.
SENATE.
WASHINGTON, March 25, 1869.
SENATOR FROM MARYLAND SWORN IN.
Immediately after the reading OF the journal the
Hon. william J. Hamilton Senator from Maryland,
appeared and took the prescribed oaths.
NEEDY CONDITION OF THE FREEDMEN IN WASH
INGTON.
Mr.. SUMNER, (rep.) OF Mass, presented the peti-
ton OF Clara Barton, setting forth the needy condi
tion OF the freedmen in Washington, and asking
Congress to give her In trust for said freedmen the
refuse property OF the War Department now about
to be sold, consisting Of old buildings, stores, &c.
Referred to the Committee on the District Of Co
lumbia.
ENFORCING THE FOURTEENTH AMENDMENT.
Mr.. RICE. trep.l of Ark, introduced Dlll 70 en-
and the laws OF the United States and to restore TO
the State Of Georgia the republican government
elected M under & ts n new W constitution Lad on the
LOANING THE PUBLIC MONEY.
BILE to the Bill introduced by him few days ago to
provide for loaning the public money and for other
purposes and on mis- motion II was ordered to be
The preamble declares that the liabilities and in
terests OF the American people imperatlvey demand
that scarcity OF capital and high rates OF interest for
money shall cease; asserts that the government
deposits IN the national banks for short periods
so much capital withdrawn from industrial and pro-
ductive interests and employed in speculative IN
vestments, and sets forth in detail the advantages
to accrue from the adoption OF the plan developed
the bill The latter provides that the Secretary Of
the Treasury shall Issue legal tender coin notes not
to exceed at any time the amount OF gold in
United States, and also similar notes based on
private coin deposits in the said Treasury. The re-
'Ss the New " York s ubTreasury together with ali de-
posts OF national banks located III other places
which may BE- kept N nan New w orS Inea states t
IL shall be to loan daily, on proper security, money
OF the United States III excess OF balance Of $75
100000, coin. This council ls also " determine at
what points all drafts upon the Treasury OF the
United States shall be paid
CONTINUANCE OF FREEDMEN'S HOSPITALS.
Mr.. WILSON, rep.) Of Mass, introduced bill d.
recting the continuance OF the freedmens hospitals
at Richmond and vIcksburg and In the District Of
Columbia. Referred to the Committee on Military
RErRENcHMgNT IN THE DIPLOMATIC SERVICE.
Mir. PATTERSON, trep.I OF N. H., introduced bill
to provide for retrenchment and greater efficiency
the diplomatic ana consular service OF the United
States. Referred TO the Committee on Retrench-
rms bill. he said. If made law, would maintain
the power OF the republican party for many years.
give strength and stability to the national securities
restore flag 10 the ocean. double the value Of
our pubic lands pat out OF existence great bank
ers, great traders, great masters, great land mo-
nopoiies, great manufacturers and great railroad
monopoies IL would distribute all these interests
more equally among the people, and would thereby
LANDS TO THE SOUTHERN PACIFIC RAILROAD.
Mr.. Golf, trepl of Cal, introduced bill granting
lands the Diego branch OF the Southern Pacific
hailroad. Referred TO the Committee on the Pacific
Railroad
On motion Of Mr.. PATTERSON the Senate concurred
In the amendments made by the House to the
bill to incorporate the National Junction Railway
Company
ENFoRcrNG UNITED STATES LAWS IN GEORGIA.
Mr.. EDMUNDs, rep.l OF VT, moved'to take up the
bill 10 enforce the fourteenth constitutional amend
ment and the laws OF the United States in Georgia.
THE NATIONAL CURRENCY.
MT ssEasAn ,E repl o. ONO objected @ because ne
to the act OF 1854 TO provide national currency Sc
cured by pledge Of United states bonds.
Mr.. EDMUNDs said he had moved to take up the
bill relating to Georgia because he wished the
Senate TO decide definitely whether anything was to
ae He Thought that was either treating
Georgia very badly by excluding her from represen.
tation or else was toleratlng there revolutionary
condition Of affairs which ought TO be brought to an
end.
Mr.. SUMNER thought it more important that
prompt action should be taken on the Georgia bill
than on the financial bill moved by Mr.. sherman,
because its passage necessary for the preserva
ton Of peace In that State and also as an example Of
RECONSTRUCTION.
Mr.. sHERMANs motion was carried by yeas 40,
nays 10.
WILSON authorizing an increase OF $50 600 600 In the
issue OF circulating notes and providing that, In
making dne Issue pelerence sna pe gwen TO 70 bank
try not adequately supplied with banking facilities.
The amendment also provides that Whenever the
amount OF United States notes and circulating notes
OF the national banks combined shall he IN excess OF
seven hundred millions. the secretary Of the
Treasury may retire and cancel United states notes
to the amount OF such excess until the whole
amount OF United States notes outstanding shall be
reduced to $3.50, ,0oo,0 600.
Mr.. SHERMAN explained in detail the provisions
OF the bill. The Committee on Finance had come
to the CONCLUSION that no more radical measures
than this could safely be proposed at this time The
distribution OF circulation was OF course very unc
dual, but II seemed to the committee better to
equalize IL gradually than by sudden measure or
general redistribution. A more radical measure
the Eaitern and Middle states but this bill would
at last supply the South and West, and upon the
resumption OF specie payments there would doubt
would prevent controversy about unequal dislri-
Mr.. MORRILL,. Crep) Of Vt, moved an amendment
to the fourth section OF the bill providing that when
quired % supply DEFICIENCIES at another the revision
shall be made upon banks having capital exceeding
Mr.. MORRILL, ofered another amendment to the |
capital u demanded requistion shall be made for |
the required sum. commencing pro rata with banks
in cities having an amount Of bank circulation more
than double the amount which was held In such /
cities BY the State banks In 180O Lost.
Mr.. KELLoaa trcp.) Of La, moved to amend Mr..
Wilson'S amendment by authorizing an issue Of /
$500 600 900 intead Of $3.50 900.
MI. MORTON, (rep.) of Ind, asked the Senator
ment contemplated the retiring Of an equal amount
OF grcenbacks
Mr.. KELLOGG said II did.
Mr.. MOHT0N said that that would be direct vio- |
states to the payment Of all their obligations IN /
coin, and so he could not consent to II.
The proprlety Of Withdrawing the surplus bank |
ing circulation from the Eastern states fof the |
of Il, Woot M