The Union and journal. [volume] (Biddeford, Me.) 1858-1882, 1870-03-18
XII coyoREss-sEcoND SESSION.

March. H. SkSArE. Mr. Sumner introduced q
bill 20 strengthen the legal resosyes Of national
banks and % provide for the resumption OF specie
payments. IL requires every national hanks TO rem
rce its reserves 6y the substitution OF coin ut the
rate OF one per cent, per month upon the whoie
amount Of liabilities, for tho redemption OF whlcn
the reserves are required and provides such suhsti
tuition % continue until the whole amount Of legal
reserves shall become coin, and thereafter every
national bank shall hold in lis vault an amount OF
coin equal TO the amount OF reserves required by
law The second section directs the Secretary OF the
Treasury upon the passage Of the act, To give pub
lie notice OF the intention OF the government 10 re
later than the arst Of January neSt thereafter the
payment BY the Treasury to be upon a coin basis
The Secretary Is also required TO retain In The treas
ees In excess OF the requirements Of the public debts
anc such other supply OF coin rs may be necessary
in the execution OF the provisions OF this net may
be obtained under the act entitled AN act 70 au
thorire the purchase OF coin and for other purpos-
e." approved March ~, ls9l. The bill repeals All
the acts making any thing but coin a legal tender
for debts, public OF private, suspends The Inrtner
rency and provides for the redemption and cancel
lation Of mutated fractional currency. Referred tn
the Committee on Finance and ordered 10 be print
ed.
Mr.. Trumhull, nom the Judiciary Committee, re-
ported the Georgia bill with Conditions ne u comes
irom the House, and proceeded to explain u anu
support Mr., Bingham's amendment.
HousE-The resolutions OF the Legislature OF
Maine asking an appropriation by CONGRESS TO pay
the interest on advances made by MASSACHUSETTS IN
the var OF 1914 were presented also bill making
the District % Columbia Territory. A resolution
was passed prohibiting steamers on rivers carrying
nitrG-glyeerns kerosene, nsptha, coal oil beniine
csmphene, or crude petroleum. MI. Dawes, OF
Massachusetts asked leave 10 introduce oint res
oiution directing the payment OF years salary rs
supreme Court Judge 10 the widow and children OF
the late Edwin NJ. Stanton, as consideration for
his dstngui she'd services to the country. The res
oluton passed by vote Of lSl 20 N. ioint rcso-
luton was passed directing the owners Of the home
stead 20 deduct the interest paid mortgages there
on nom their incomes.
ed giving the widow of the late 4 VI. stanton q
sum equal to one years salary. bill Was intro
duced providing for the distribution OF arms In the
southern States eoneurrsnt resolution ior
speci nj committee on Indian Affairs WAS taken up
and discussed until the expiration OF the morning
hour, when the Georgia ball WAS taken up and MI:
stewart continued his speech. Messrs EDWARDS ana
Wood supported the Bingham smendment. MT.
Drake ofsre, an amendment providing that troops
he furnsh by the PRESIDENT, on cali Of the Gov
erpos Legislatures the late rebel States when
ever the civil laws could not be enforced The Sem
ate then went into executive session and soon After
fIOusE.-Mr. sshenck Of Ohio, moved to refer the
funding hill 10 fhs Committee on Ways and Means.
present mode Of paying pensions. Mr.. Butler OF
Mas reported Sui 70 admit TEXAS TO representa-
ton n S%oErs. The bill Is similar S r g sss .Isa
House then went futo committee Of the whole on
The deaeeney BILL and y,ISs, %as hs
committee arose and the House adpurned.
March l6. SENArS.-At O'Clock the Georgia bill
wa. taken up The ie,ss hing !htSasc1 70 s san.
ator m m Mississippi, Who had been announced 70
speak on the subject. Mr.. Morton, Who uss entitled
81 the noor aid he would yield N hyor OF the Sen.
at = nom Mississippi Mr.. Revels then commenced
his remarks which during their entire delivery were
listened % with close attention by the senate and
audience.
IiorIK-A resolution calling or Information rels-
tivs 20 the Oneida and Bombay collision was adopted.
The Appropriation bill wAs then resumed and ooeu-
pied the rest Of the day.