The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-12-14

with the Tenth New York National Bank will,
without doubt, be feature OF them.
Congress takes up the financial question, in
the language Of Western member, very
rinrerly.n About half dozen bills have been
introduced to fund the debt and prohibit the
sales of gold by the government, but no COM
mittee action has been had on either Of them.
Yesterday, in the House, there was straw or
two which indicates the way the wind blows
ont West on the currency question. Ingersoll,
of Illinois, introduced q bill authorizing an
issue of forty millions of additional legal ten
der notes, which he wanted referred to the
Ways and Means Committee, though the bill
appropriately belonged to the Banking Com
mittee. The latter are contractionists, and
the Ways and Means, though not inflationists,
are certainly not in favor of reducing the
volume of currency, and hence the latter
reference was desired by the author Of the
BILL Pending this, came motion TO test the
whole matter, by moving to lay 1t on the table.
The vote stood elghty-eight members for in
creasing the currency, and sixty-four against
it-somc fifty members being absent. The
contractionists then turned around and finally
had the bill referred to the Banking Commit
tee. where a majority is known to be hostile
to it. Thus ends imitation for the present.
Next week the Senate Finance Committee
will 60 10 work to get up funding bill, on the
basis OF Boutwell's suggestion, namely, max
ing three loans to fund the debt at four and
half per cent interest, and requiring national
banks to adopt these new bonds for banking
purposes. BY the latter requirement, the
friends of this scheme hope to float at least one
hundred millions of the loan at home, and
another hundred million abroad.
The South, of course, feels deep interest in
the tariff, but il need have no fears that any
very material notifications will be made at
this session. The Presidents proposition to
defer the whole question Of reducing taxation,
through the customs and internal revenue
laws, has lampened the order Of Pennsylvania
protectionists not o little, and they have not
much hope of bill being passed until another
year comes around. 1t is possible that the
free list may be enlarged to the extent OF ad-
hitting, duty free, large number OF articles
not produced in this country. This would be
of benefit to the drug trade to great extent,
and 1t is beirg very warmly pressed by the
New York interests. AS regards the excise
law, few or no changes will be made. A pro-
postion to reduce the income tax will be very
generally supported in the House. and mo-
tlon not to renew it after it expires next May,
will get q good many votes in the House. The
tax is most odious even to congressman, and
should be cut down or abolished.
The bill to pay Southern officials who could
not take the iron-clad oath has already been
considered in the Senate, and the prospect Is
that it will pass both houses without material
opposition. In the discussion, Mr.. Sherman
said it had passed the Senate twice, which
Sumner pettshly added was twice too much."
AS the oil was an old customer, he intended to
oppose it. The pending measure is in effect as
follows:
Be it enacted, &C., That the heads of
the several executive departments be, and
they are hereby, authorized to allow, and
there shall be paid from any proper approprla..
ton, to officers and employees OF the United
States who failed to take the oath prescribed
by the act approved July 2, 1862, such sum or
sums of money as may be found due to them,
Treasury Department for the services hereto
fore actually rendered, at the rates prescribed
by law or the regulations OF the proper depart
ment: Prnrided, That before any such COM
pensation snail be allowed or paid it shall be
made to appear that said oath was duly taken
after the rendition of such services, or the
person claiming the same shall subscribe and
tantn
with the account, the oath or aillrmaton pre-
scribed by the act requiring an oath OF allie
glance and TO support the Constitution of the
United States, approved August 6, 1861; and II
any person entitled to compensation undcr
this act shall have died before the passage
thereof, such oath or affirmation may be
waived.
As the Senate is favoring general amnesty,
and the House looks to the repeal OF all test
oaths, there can be none of the old objections
urged against this most equitable measure.
The South Carolina contested election cases
will not be decided for some time The Elec-
ton Committee has so much work on hand
that it will not be able to take them up until
some others are first decided. All the cvi-
dcncc Is in, the clerk is making digest of
1t. and subcommittee will go to work on it
about January.
Resolutions Of the South Carolina Lcgisla-
turc, requesting Congress to aid in the con-
stluct!on of the Memphis and Ell Paso Rail-
road, and Southern Trans-continental Railroad,
On the line OF the thitty-seconi parallel OF lat
itu le, have been received AMI are now before
the House Pacific Railroad Committee.
ZETA.