Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1869-12-05
RICHMOND.
specie and Currency.

RICHMOND, Dec. 4-The question of the
resumption of specie payment was debated
1t great length to-day.
Mr.. fremont, of Memphis, thought that
confidence in the government could restore
specie value.
The whole subject was then referred to a
committee of seven TO report at this ses-
sion on all plans submitted The commit
tee consists of Messrs. Kirkland, of Balt-
more; Chittenden, Of New York; Ropes
of Boston; Richards, of Chicago; Holton,
Of Wisconsin; Hooper, of Cincinnati, and
Hostile, of Charleston.
The following propositions we're referred
10 this committee:
By MIR. PARA, Of Baltimore-Opposing
the expansion of the currency and favor
ing legislation looking to the contraction
and early redemption.
By Mr.. Quibbs, of elphia-Afirm-
ing that the establishment by the Govern
ment of a chartered fiscal head and Tegu-
lator, combining private capital and endowed
Eith privileges sufficient TO present the
surest remedy for the present currency
evils.
BY Mr.. Herbert, of Baltimore, to abro-
gate the three ffths credit balance reserves,
to prohibit the payment of the interest by
enforce the redemption of National Bank
notes, so they may be sent back to their
localities for reissue, and require reserves
to be held in the respective bank vaults IN
money and not in credit balance in other
National Banks at a distance; and finally
repeal of the ten per cent tax on the cir
culating issue of National Banks.
The Marines.
aulv3rSr
Congress to require all American vessels
under register to carry one or more ap-
prentices, to secure a supply of efficient
officers and seamen for our marine, was
taken up and adopted.
Western Rivers.
The committees on the propositions rel
alive to the Ohie and Mississippi rivers re-
ported, recommending that Congress make
an appropriation for rendering the navigs-
ton Of the Ohio and Mississippi free of
distractions, especially at Des Moines and
Rock Island rapids; that the bridges over
these rivers should have one span over the
channel 400 feet long, and sufficiently high
to not obstruct navigation; that bridges
built over the Mississippi above the mouth
Of the Missouri shall be one span 300 feet
long: and that the construction of such
bridges shall be superintended Oy govern
ment engineers.
The report was received, 10 be called up
4 in its turn.
The KanaWha Canal
The 3Oih proposition, the James River
and Kanawha Canal was taken up with the
report of the special committee on the
same. which sets forth that a continuous
line Of water connection between the Mis-
sissippi river and Atlantic seaboard Is i'm
peratively needed that the James River
and KanawhA Canal, il extended to the
Ohio, has special advantages, and that IN
this work all private and corporate proprle
tors should be first removed. Then the
government should grant aid, and then, al
ter the canal has paid back the moneJ
spent on it by the general government anc
State Of Virginia, it should be a free canal
collecting only tolls sufficient for its repair
Later.
The resolution in favor of memoralizin(
Congress to carry the James river anC
Kanawha canal into effect was adopted.
motion prevailed that the government
mt the work into the hands of trustees.