The New York herald., 1869-03-31

Mr.. RiCs, Crep.1 Of Ark, introduced . bill TO
payment of claims Of loyal citizens for sup;
claims may be presented, the debts proved
He moved to refer it to select committee OF i've.
but the motion was got agreed to- and then, on
motion Of Mr.. CHIMES, the 6ll was referred TO the
incorporate the National Union Paper Manufactgr-
ierred 10 the Comi tee on tue District Of Columbia
Mr.. WILEY, (pep.l Of w. Va. introduced Joint
resolution exemptg the counties 81 ws,s ,hs ursic
ton OF the Court of Claims
Mir: ANTHONY, eep.l Of r. l., introduced 10y re-
General 70 contract with certain parties Tor tae
transportation Of the European mails. Keferred 70
the COMMITTEES on tost onoes ana ross %ca nso so
ciety OF the District OF Columbia Referred to the
Committee on the District OF Columbia.
Mr.. COLE, (rep.) or CAL. introduced Dill granting
land to aid In the construction OF Q railroad and
telegraph line from the Central Pacific Railroad TO
Mr.. KELLOGG, lrep.) Of La, introduced q joint
resolution to distriblte the rank and number OF gov
ernment employees among the several states ana
Territories, which was referred 10 the Committee on
Retrenchment.
provides that It shall be the duty Of the respective
heads Of departments and the officers OF the Senate
ard House 10 have made alpnabetical lists OF all
their employees, and keep the same open 70
Inspection said lists to designate also the RANK and
pay date Of employment and residence Of all sucn
employees, and thereafter the seyera! Congressional
DISTRICTS organized Territories and the Dsirict OF
Columbia snail be entitled TO equal numbers and
ranks or employees In the several departments and
forces. No district or Territory shall have more
tnan one OF any rank until every district or TERRITORY
shall have at least one OF the same rank. All ap-
poIntments shall be made to equailze the number and
RANK OF employees as above provided for. and the
1870.
Mr. sPRAGUR, lrep) OF R. l.. rose TO object to the
Woe parsInsNr decided that he was too late
MI. SPRAGUR said he was sorry. because che mea-
SIRE was evidently Designed TO Interfere mis-
.nust be supposed know better tlan any ono else
now to manage their own Official affairs; and nav
ing been received at all 1t would probably pass at
some time when the senators would not be paying
attention to what was going On.
MEMPnIs, Ell PAso AND PACIFIC RAILROAD.
Mr.. MORTON, (rcp.) OF Ind, moved to take up the
House bill TO grant the right OF way to the Men,
pnis, Ell Pas0 and Pacific railroad.
Mr.. ABBOTT, trepi Of n e., thought the bill ought
road.
sir. CoNKLNa, rep) Of n. y, objected to the con-
lad beel informed tnat there were oDject0ns 70 It
winch would be best examined py . committee. and
second, because 1t was not one OF the measures
whicn the majority Of the Senate had agreed should
be considered al this session.
Mr.. HOWARD urged the reference or the bill to the
Committee ON the Pacific railroad. IL involved. he
said, many importan. questions, one OF them being
the question whether there is really any Memphis
and Ell Paso Railroad in existence.
This discussion continued until the expiration Of
the morning hour, which brought up as unfinished
THE SUPPLEMENTARY CURRENCY BILL.
Mr.. HARLAN, (rrp.) 0i iowa, moved TO postpone
this and all PRIOR orders and proceed TO tho con-
SIDE alton OF tie Indian Appropriation bill Lost
yeas %, nays 80
Currency bill was that ollercd by MIR. Pool whcl the
Di was last up, hut at the request Of Mr.. SHERMAN
ne withdrew It,
Mr.. SHERMAN, rep.) Of Ohio, then offered an
amendment TO the fourth section providing That on
the rcdf tl1buton Of the banking circulation the re-
QUESTION shah commence with banas having an ex-
cess of circulation exceeding $l,0OO,0oJ III states
having an excess OF circulation, and having with
drawn one-tnrd vi the excess above niilliol, snail
thea proceed pro IA. a with banks navin2 crcna-
ton exceeding $I0o,0J0. lie sad he mad consulted
the secretary OF the Treasury and the Comptroller Of
the Currency, who Iavorsd the course provided Tor
IN the amendment. winch was designed TO relieve
the smaller banks In the States from which circua
ton was to be drawn.
Mr.. FEssESDsS, rep. OF Me-, said he did not like
the amendment a. vel as the ori-iLal bill
The amendment was agreed co.
MIR. POOL uep.j or N. G., then offered an amend
mcut to the amendment offered some days since by
AIR. Wilson, providing taat In consideration Of tue
banking privileges granted by the National Currency
act the Unlted states bonds whoa sad hereafter be
deposited in the Treasury rs pledge under the
PROVISIONS OF tins law sla durhs the unie they re-
nalp therein bear interest al the rate u only three
per tent ald that the bonds already 50 deposited
pledge small, after the rsC OF January, 1879, bear
interest only the rare of three per cent duIing sc
amendnent Mr. POO. addressed the Senate at
lengtn. In the course OF his remarks ne spoke ~
Natonat currency act a5 lnoSt unjust law, and
commenting upon tie remarks vi Mr. resscadel IA
the last depate on the pending b. he SAID they
dcaied unirie .dlincss to the southern states.
Mr.. FEssESDEN denied that nc eltefiained any
rucn fceing. The record would show tnat tnroug"
out The wno.e pe iod OF reconstruction he mud vo.
for every measure calculated 10 put the people d
tae south In as iavoiaDe positIvn AZ that wai a
tney occupied before the war. but the repre-
lives OF those states oagn. to remember tla.
tue acton OF Their states that Jroug'e the
co ldtlon OF things out OF wh,ch arvs this irfegu-
ilrty Of banking capital OF wasch thes now CON-
plain.
the interest ON the bonds deposited IN Tie lrcasury
as security for the nationa pllks. II Vas lime tnat
tac claim OF bondh -iders Tor special privileges
the grodnd that they lent the government nIone In
lis need snould cease. They had undoubtedly lent
the money 70 the a government ,r o,a ',ey n. been
usurious interests, pay apc In gold, and those who
engaged IN banking received not merely the SIX
per cent goid interest upon their boDis, out also
secon. interest equal or greater IN amount. Tney
frss deposited tLeir bonds IN the Treasury, still
drawing Sax pc: cent interest, ana 'lien ioa.ied
No wonaer there should he scramble tor the great
pr,vle1e. or that ihose wno nave IL saoud be 30
unwilling 10 give 1t up. But they cost the people
TOO mach aud ought to be, as lar az possible,
abolished. t addei to the burden OF the taxpayers
Of tie country s1s,vO0,sO0 in god annually, or
500. .oJ In currency. lin California panging was
free, and every man who had sufficient meaus could
establish bank II he chose but ne would nave no
under the Currency act. # It wcre in his power he
woud wipe out all the nationa, banks AMI rep,ace
their with Ou teu StdtrS NOES. ~ tue
national banss were aboisncd $500 900 0l0 IN bonds
invcs.ed IN tuem night be converted INTO non-inter
ess Dearlng tinted states notes, which would be
safe and good banking business
air. MOlthILl, trcp.) Of l., said he was always
estonisncd when the senator from Cahlornia-a
specie paying Stato-expressei his vleas In
regard 10 tue national nnanccs, and c0nid
not conceive where he got tucn. lne Sena-
tor need not have SAID taat nc wished To aDol
Isn the national banks, navlns already ssasa1 tnat
he was In favor OF the amenulnent oircred by the
senator from Nortn CarJla tMr. l'ooi) which pro-
posed TO reduce tue interest Oh bonds now d.ros ted
IN the treasury 10 three pes cent That prDvision,
II adopted, would clcctualiv destroy the banks.
Tue senator from California was wrong. too, IN
speaking Of the interest on bonds 80 deposited ~ an
additional bu.dcl upon the county. 1hc deposit
oil bonds security for the national banks did not
add faftnirI 10 the burdens upon the people, be-
cause the bonds were ads existing origL;ion
before being deposited at all; so iar as the
privileges TIC national banks were concerned nc
(Ar. IA rril believed that tlci were less while tcf
obligations were more onerous than those of bauks
existing before the war by vtue vi the state icgis-
iatiou.
Mr.. WILSON, (rep.) Of Mass, followed. He did not
own u dollar In any bank, and he cared nothing
about the banks but ne did care about tue on siness III