The Evansville journal. [volume] (Evansville, Ind.) 1866-1870, 1869-03-27
CONGR E5 STONAL.
xLIst CONGREss-FiRsF SESSION.


the acts concerning Z the govern ment of Tia
| clties of Washington aud GeOfg getoWu
Also. TO establish a Probate court in ia
District of COiumbi
Patterson introduced n bill relating {
| Judicial proceedings IN the same District.
| Abbott introduced q biL to remove th
| political disaoilitie from certain persO
The Joint resolution 10 relieve actual set
tiers upon certain lands in Arkansas wa
Wiley introduced a bill for the relief o
judge Taylor, OF Virginia, from poutica
disabilities.
The bin to carry into effect the Mexican
| Claims Treaty was passed.
Wilson introduced a bull for the protec
| ton ofsoldiers againsb claim agents, u h Ici
| Affairs.
Chandler introduced a bill to detach p ar
of st. Paul from the Collection District o
| Minnesota, to annex it to the Collection
| distinct of Louisiana Refer ed TO The
/ Committee on Commerce.
i Nye introduced bill providing that the
/ con -tructiOn OF peuitentiartes In Terri o.
ries shall be un er the supervision Of the
/ Secretary OF the Trea ury Instead of ht
/ Secretary OF the Interior. Referred TO the
| Committee on Territories.
| Also a bill TO insure the completion OF
| the Washington Monument. Referred to
| the Committee onthe District OF Columbia
The bin ~ iovides for the creation OF a
| Body Corporate, to consist Of A L.. Slew
! art. g, Nanderbiit, 9. Sherman. J. j
| Coombes, J. O. Ross w. j. Adams, j. NJ.
| Wilson. A. smith. q. r. Phillips and
| Gu s. b. Barton, under The vie of the
| Washington Monument Union, for the
| purpose of devisDg ways and raising
| means for the completion OF the Wash
| tngton Monument, aud for the erection of
| a similar one to the memory of Lincoln.
/ Howard submitted an amendment in
| tended to be proposed as u substitute tor
/ the House JOINT resolution TO protect the
| United states in tue u 4lOn Pacific Rail
| road Company, and for other purposes
| The sub titute provides that the Stock
holders OF s id Company, at meeting 10
| be held in Washington City on the 3lsC of
| March, with power TO adjourn from q ay TO
l GHV. shall elect Rp2Td of Directors
the ensuing year The - StC2kho .ders are
authorized to establish their general office
at such place in the United states as they
may select at said meeting. Provided The
passage of this resolution shall not confer
any OF her rights upon the Company than
to mold such elections, or 10 be held in any
manner to reltBquish or WaIvc any rights
of the United States to take advantage of
any act or neglect of said Com pany, here
tOfore done or omit ed, " hereby the rights
of the General Government have been or
may be prejudtced.
Fessenden made an Intellectual effort to
have the Indian appropriation bin con-
sidered.
The Financial bin was then taken up.
Kellogg then Withdrew his pending
amendment to Wilson's.
Wilson's amendment was modified so as
to provide that whenever the amounts of
the United -tates notes and the circulating
notes of the National Banks G IN bine0
shall be IN excess OF $500 009. the score
tary of the Treasury snail be required TO
fund in 1910 bonds the United States notes
TO the extent OF such excess, until the
amount Oh n tSN OAA$bAnuAl& SLd DG re-
duced to S350,000,e0O. lie said that he plan
proposed IN mis- amendment would re-
lleve the South ana the West without o
ing, at the same time, I'M Us ice to other
portio of the country, when woulC be
do e by the plan of the Committee.
Conkling argued generally against the
bill as III caIculai Ell to meet the present
finaQcial requirements of the cOun ry, aud
declared himself opposed to any legisla-
tion for the ductlon OF the banking cir
culatfon IN any part of the country. lie
woui1 not consent, Tor ms ance, 10 the re-
ductiOn by single dollar Of tl9 cltcula-
ton which the State OF New York had re-
ceiVed uuder an arrau cement whereby her
own banks were then working prosper
ousIy. Whether wisely or not, he would
not see them trampled out of existe nee
under the heel of Federal power.
Wilson defended his proposition, and In
present financial condition OF the country
was very satisfactory, and that the ma
tionai debt would soon be made a very
light burden by the ra pid developments of
national resources.
sawyer said iC was quite evident that
Congress would not consent 10 any eX-
panSiOn of the currency or Increase of the
Interest bearing obligations OF the coun-
try, ana therefore, IL Justice was tJ be
done to the states having less than their
proportion o. mixing circulation, 1t must
be done by transferring TO them the excess
OF ci cuIaliou in other ates.
wilson again expressed his opposition to
measure intended to affect the national
currency, ana said the withdrawal OF cir
culatIon Irom certain States proposed by
the Finance Committee, would be breach
of faith. Ii moved TO amend the amend
ment by fixing the limit of the issue of CIR
culating notes at three hundred ana ten
instea of three hundred and ity millioAs
OF dollars, and by aadtng a clause directing
the Secretary of the Treasury 10 cancel
United states notes at the ratio the sai1
ten millions of circulation notes are Issued.
sherman denied that the committees
bill proposed an injustice to any portion of
the country. The New England states
would still nave theiT fuO share, and one
of them, Rhode Island, would have a great
a. he II IA "a Ia AL A4fsfNf II
also to the amendments of the Senator
from Massa usetts, Wilson, and the sen
ator from Oregon, Williams, because they
involved the question of funding of green
backs, which again implied u return TO
specie pay men s. The OIL reported by the
commltlee, however, pfOViued Simply Tor
a redistri button OF the circulation, To meet
temporarily the requirements of the busi-
ness of the country until Congress could
mature and adopt some general measure
of legislation IooSing to Tree banking and
the re- umption Of specie payments.
Spragu O1eufed the statement OF Wilson
that the country ,@snd especially New Eng
land. was prosperous. lie knew the Ina
ctal co od1tion OF the manufacturers and
operators in New England, and he felt
ire II the manufacturers should close their
establishments, as they must soon do un-
less tneir business couid De made more
urofitabl- in less than two weeks after the
suspension the operatives would De thrown
upon the charitable Tor support. He b. ad
under ms own charge uearty 10, 90 hands,
and ne knew tnat. II the mills IN which
fbey were eun Dloyed should suspend work
Tor Two weeks, the mplovers would have to
take care OF the operatives The idea of the
Finance Committee thinking the South
could be supplied by working capital by
lorcibly withdrawing the circulation from
the East and sending it there, was falia-
ciouS. The capital sent to the South in
that way would necessarily be in the
hands of a few men, and they would not
invest 1T in the South, for lnyeS5meu Is
there vgouid be insecure, but they would
take it to New York, and there speculate
with it. There was but one possible way
of supplying the south with capital,
namely. by doing as To make capital
cneap al the points where II Is localized,
SO that it will naturally seek investment
/ elsewhere.
| Morton denied hat the plan o. the Com
mittee proposed any ipJ justice 10 the East
| ern States, ana said the amendment offer
| ed by W IIson was substantially Z proposal
| that the Treasurer should pay oul Two and
a half millions per anRrm in o. der that
New England mtght be LETT to the unIls-
| turbed eDJoym msnJ of an unjustly large
proportion OF the banking circulation
The amendment OF the senator from Mas
/ sachusettS proposed, also, direct viola
ton OF the act 10 strengthen the public
credit. That law distinctly plede Ell the
country to the redemption of the green
backs IN coin, but the senator from Massa-
chuseLts proposed to fund them IN 10
Wilson said he would see all the green
hacks funded, and denied that the bill to
strengthen the pubic credit would be vIo-
lated oy funding them.
Morrill, safu the Chairman of the Com
mittee on Finance had stated, when the
bfN to strengthen the pubi1cc crs dit was I'M
der diScu sion, tl3b II was Iut ues sAOd "
/ prevent he funding OF greenDacks.
| nden- a ny body can see tAtt.
Morton said that lie c5Ul3 not see IL.
/ The language of the act contained . dis
| tict pledge that the g eenDacl1s should De
/ redeem ed in coin.
| Fessenden remarked that the Senator
/ from Indiana, tG be eOn-i tent, must be
] prepared to argue that If a man give a note
| TO be paid in coin, aud the holder OF the
| note afterwards expires Sed his wIllin gnesS
to accept bond instead, the debtor could