Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1869-02-08
CONGREs sIONAL.
WAsHINGTON, February 6.
UnV~=Es

WAsHISGroS, February 6.
HOUSE.
The chairman Of the We've sud Mean,
Committee reported the following, AM
ssked that it be printed and recommit.
ted, end giving notice that he would call
/ il up next week:
A bill to prohibit the further Increase
Of the public debt, and for other purposes.
Be Il enacted, ETC., That 50 much OF
I sDy existing law rs authorizes the issue
Of bonds by the Secretary OF the Tresa-
ury be, and the same are hereby re-
/ pealed provided, that this act shall rot
7 effect any authority FOR the transfer OF
[ bonds, or for the exchange Of mutiisted
or defaosd bODds; and that the Sseretsry
Of the Treasury msy issue upon such
terms, and under sneh regulations Is he
may from time to time prescribe, regis
tered bonds for coupon bonds, which
have been, or may hereafter be, lawfully
issued, such bonds to be similar Ia ell re-
spects to the bonds under the scts authoF-
izjng the issue OF the bonds offered for
exchange.
Sec. ?. Be IL enacted, etc, That the
Secretary Of the Treasury shall publish
monthly 3 statement of the public debt,
as it existed at the close OF the rreced-
ing month, in which statement United
states bonds shall be classsd as the
funded debt, and the United States notes
and fractional currency notes Issued for
circulation shall he classed Es the cur
rency debt; ths 3 per cent. certificates
shall be clsssed IS temporary loan debts;
and all the debt that is past due or viii
become due within the fscsl year, stst-
ing the same in detail, shall bs elassed
as mstured debt; and the interest on
such mature debt shall cease after il be-
comes due. The statement shalt contain
the amount outstanding Of subsidy bonds
Issued by Railroad Companies, the Navy
Pension Fund, and any other recorded
obligations Of the Treasury Department.
Sec. 3. Be a enacted, etc, That from
and after the passage of this act 10 per-
csntage, deduction or compensation Of
aay amount or kind will be allowed 70
any person for the sale, negotiation or
exchange Of any bonds or securities of
the United States, or OF any coin or bull
lion disposed of at the Treasury Depart
ment on account of the United States,
and all acts or parts OF acts authorizing
or permitting, by construction or other
wise, the Secretary OF the Treasury to
appoint any other than some proper
officer of his Department to make such
sale or negotiation Of bonds and secuIi-
ties, 10 hereby repealed.
Sec. 4. Be Il enacted, etc , That after
the passage OF this act, al exchange pur-
chsses, or sales o. bonds OF the United
States, on account Of the Government.
6SIssceih sch may b. authorized by law, shall
be made by inviting t1..S compstitiOn of
the public, oy advertising for proposals /
for such exchange, purchase, or sales, /
which shall be awarded publicly to tbs 4
best bidder, or bidders, the Secretary Of
the Treasury reserying the right to re-
ject any such bids should he deem il best /
for the public interest 20 do so.
The bill was ordered to bs printed and /.
re-eOmmitted, to be called for next week. /
Mr.. Shanks, from the select committee !
on the treatment Of UDiOn prisoners, OBJ |
tanned leave 10 make q report that no fur- |
ther expense is to be incurred In exam /
lining witnesses.
The Senate bill for holding two terms
OF the United States Circuit Court for the |
Eastern District Of Arkansas, il April /
and October of each year, was passed.
Mr. Paine offered g resolution calling /
on the Secretary Of the Treasury for in /
formation Ss to whether all the money |
arising from the purchase of abandoned |
and captured property has been converted !
int9 the Treasury. Adopted.
Mr.. Paine, from the Reconstruction /
Committee, reported biIl toFemovs the /
legal asd political disabilities from q
large number OF persons in the Southern /
States. Ordered to be printed and re-
committed.
Mr.. Hooper, from the Committee on |
Banking and Currency, reported S bill
regulating the reports OF National
Bsl.5sing Associations, which he asked
to be ordered to he printed and recon-
mitted.
The bill requires the National Banks
to make reports to the Comptrol er Of the
Currency on the irst Monday Ia every
month, ia lieu Of the quarterly and
monthly statements Low required, and
the reports Of January and July are to
DO published in some newspaper, at the
expense Of the bank.
The House then went into a Commit
tee Of tAe Whole, with Air. Terry in the
chair, and resumed the consideration O.
the Army Appropriation bill, but With
out dispOsiDg Of the bill the HOUSE ad.
jOuTned.
SENATE
The bill giving an additional term to
the United States Circuit Court for the
Z .stern District OF Arkansas WAS passed.
On the motion Of Mr.. i imonds, the
Senate rook 40 the bill to relieve the
Tenure Of OfIice Act. MIR. = imOnds
aid the bill, SIS ithad some favor fEOIE
he House, proposed 10 remove all legal