, 1870-01-25
oEer aQa'1 laN week, but ornst1, Butter arta H.
Gay hat ha had kcow1 him Ter san4 s1ua as4
that b u sn hoEotab:e ana Aish fnlaaef nnxn
FoRTY-F1RsT CONGRESS,
>. So. 6k&ATR -.

~.
u111l na1a nt of1eo san aaaAI 4 Esod,
fkKAMAt YItI4xIftck.
! IAE a1hNAhr oesifeu To En1<e persoosi eK
H. eonIsr In tne olacu4on vfIh 4f. r-meuii
| ~ ESMAy. upon 9ae soRsc>tton Of dr 8annel
~ e 60 oS,o he tsquess S sraated n tnte
guest OF NJ. Stewart VI rot grantee.
Mr. FESIpE r1ese ted meuosia1 fer xha n.
l norA OF tsn duty Of CAnadlan umuet.
! tp:1for1 He1e presented Tor tue ABOLITION ol
| ne nanfi1E p11sue1e; against tho oonsinuA Anee
| cH1Ez1r ELL.
M HAAL1N Introduced b Il for the relief Of
fnn Datr1et o! COLUMBIA Referred.
Hi. DRAKE fepcr.eo rum tae N.vA Commit.
ten bill tor the Ielei Of Certain coutrac'ers 10,
Lne ods'tnct1oo Of vesseh Of var and s,eau m !
chlreIJ 1t af1orcs an opportunity Tor the ptp ii
Of claiEs upon the ba.ta Of the act Of March 4
1857. TIE hil WAS la:d oser.
hEsotCTfoN or INQUIRY. ..
Mt. NORTON offered 1eso.uuou directing tte
JUDICIARY COMMITTEES TO report 10 tue Scnate a.
+ soea m, " pers ps,ef'ca1ls B.! what autoo.!.y:
con1eaed : military coxm,ss.on 10 ,oqa're Into 10
ths ehg1bsnty OF benasors aud Kepse.enratlye "a
tas ,e g - xgtls'nse OF Gecrgs, zud teqae.t
ncate topics Of ali ordess issued aad corrcspon1.
Snee via Geceral TEsry CT the Governor, and al
e.a ieey ms! have with reference to the
TT. scaHEk ohiected 70 the prevent coutide1.
alton Of ,te rr*eluuon, and it wes lid over
fKsTnf f. mG, 70 @ THk x1poT tR ABRAHAM 1IsooIx.
tisaoauon RtsntinK pens,o' to Tho aldo oi III !:
1ate Lay ~ rfss,asnl Lincoln. Referred t, the Commit
oa motion Of Vt. Sherman tue Ssnats proc seized
to caLsicet tee bill 10 provide tor the nA1oaal
button d i c1rcnlatoo II nnsea, wh:eu va rosa.
~. SHERMAN. Charm an OF tho Ftnarce CON-
mls'ee, laia e olo not propose tn eutr ITO ~
tate en- the bill, hut would co.nun nj nssl 10 the
t.o % 1ain pt9po.,tsn'. II pre'ea1ed. rr.s, tic
a.d tecore, 1rtc banking on 4 co,n basta,
The present distribution Of fank Gu.
Of &aK acha:et,s Keode /. ana, I'D SsetS
bs!e ovtf sss. .oSc0 sircula:ion. oae: n; nftessts;
OF our Fopc tattoc hss thus oae-:h'rd Ct al the
bank ct!culs'iou. TIE rapidly zFox1u0 yYestern
statrs, ~hsre credit II o<t needed, have ecsrco-
y ta1ee collar. 70 - lnhaosan, while an the late
cIcniatlnn This unfair dlrtr13urtoo, ha said creH
ont o. phinsl.s Violation Of the :aw b. the tnen
Comptroller Of cu1reney ard Secretary of tno
lh65. provided Iuie OF dissr11u',on hY <hi,a tue
Nho:a atDoult Of circulation vas I Of to exceed
potuoI ca an4org The state zceosd'ng 70 popuia-
tlor and TIE o!ler $la0tco ot0 sccorult9 70 baat.
ing capital and reteu1cea TIE revised act Of
Ease 70 e1lst'rg State hauks The r'g:t to enter
into tho banning system wl'hous lin H. Tue
RIoWtnK EtqnahfJ Of dtttrlhut'oD eecnnirg Ap.
the old 1ute Of d atrb4io-. 1t NAV tire
c1leulattcp, ard i tbs iAr End ten observed
than i've dol1rs tor each lntho.ssnr. Thl1 law
kas nsg1sttly aId 20 dlJ otsrt pa1oed. aud tue
prefer g. to tastiy i ~ ne prosi.'on 10 tue IL
ued nr tlll Joly l, 1ssa he pi.1Lega to eI:.ttrx
banks 70 become ha1.cnai balk.. On me 1t q
,n getooes 1s61, tne shoe oentiuK c!rcolstlon wA4
expiration Of this act, 91to, o.ooo 1nr Distribution
according to potnlato4: bat N open disregard Or
= r: ne ren a.p'te circulation US is.ued 10 tho
WeAte1n States, thus Increasing all tna dl11cul.y
LOW complained Of. Urdet the system ~ it
.aae, =, Ess,cna, esnf5cg "a. be tatd mooopo-
~ rot !rc1easito; exclna ng all me rapidly
Erowlf stA'es II the West The majority Of len
aroIs aDo Representatives, ne!1g tron the 7:ascs
haViI NRs 1han ole teyenth oi the Y whnic cIe..u.
lasinn. This endenaefed the whole Gysteia, and
woulu Inf tvtrsnly o. erth1ow It unless corrected.
EaIteua DaIk,1G ty.teuo over stat OF st.Ie Banks,
Fhlch with he correction oftt It Jatl q Of dis
trts,oiior. would be the best permanent banking
ay.tem that oould he adooted. Tno Wcst Dc.
By violations Of the 1aH. The Eeat en1oytcg 3
monopoly. demanded Eon'rsc iou- JET ~As not
tlop tGr tnrte tesEs. L 1em-dy far tht4 ad been
LONG sought. During TIE last Cotxreeg the Senate
aLd Holse each had pstsat a,lls rec .llng fro n
for dBlrihcton IN the Weat atd sou:a, but there
vas dl1erepcc as to the uxuuet and extent ia
doing H. TIE Ho1l'e 1nskted IN aeaersl, and
tht Stt 1fe consented otiy to dlsIslbutou
not 1ce ed'ng io,MMooG. Orjsc;. Ion was made
that the E+ttetn ea"kE were innocent OF fault,
and be ~.thdra al us 'ne'r c'.cui,u ~ would e-
r2rRe hue1tets sut ncf stente evil thsn the one
to be lemed!ed. To avoid shl4, the Commit
tee % France made the io'lo 'lg euegss stlon to
icrYRH&n IL hxYt l. r}n
dIail;buted 10 tte sournesa and Wet.
Ct this bll. The Dirt obi ctton wsA that th,s ~
an expansion ct The currency, II wnlca the com
ntttee was Gppoteo. and Iii. Shesnaa said In no
won1u hr tarer an appropriation 70 Increase tne
t8nkl1 circulation ttt Ut Wlshdsa +!nR the CIR
cni3flon N ton e other form. To avoid expansion
Ers'. The wlthoraxst Of Rreeuoaeks; but tais
plan would lot receive the sauc1icu OF tho Hou1p,
The other plan vas The one adopted By
9. pei. cent eertioeat.s TOW held by
tie eatks - part q Their reserves In plaee oi
le9etteLder rotes. he then eave tue history ut
st1tuted ior COMPOUND lu'er-st notes, and ware q
terpoyalJ expde1t 70 nvoId AZ Increase Of tbs
bot deo deht. They were foast Objectionable, being
The Treasury when most i i'cnnven'cnt They
drAw interest and are rpaitiy hnta tn Eastern
oanIr. where ctrculsf!oo Is In excoA.. ~ theic
f%.Ae13 ~I ~1HkN 1H1"C" 7AFE3 ! Pei @EuI %4-
tt1e6f, aL6 will net per cen OF tho tew banks
70 oe offaptzed. ana thus Rave she currency
r.n1a, ~. I'LL enne. e1pats!oc or contra~t'on Tae
III i aipn p.nrcst,oss =! !ne nilt natnonztd, he
~ ra.u. ~ uaEhEV ot Co'u nstts. In1s *as IN IN.
an9uIAuoo Q! tae tfae efkte1i af oaafttR, en-
nteetnR aoeS!1Ie tec3t1s5 10 Tug netEooldcr 2:d
tne onneo otAtes: me a9rocJ of prime corpoTa-
snd to meet the ehb and now OF it, cxchanEes iii
redemption op oeu sEd IN cod CON. ard freedom
rcm moEopel5 Of I.striettons. eaoeps such :. Are
~ y ensno5ss1 ~ .F,', m az G!ea,1e1s
Aur uaaA1 " ss Antnoi'LS" NH. w 11HaniLe4 uu-
oo,n vi 'ns cossG cE N Ne. teIk aaa tne
oo1d 1,ines '01se ''1AeSs''oH' "1o oass'o ol'on
sy He 1urIher nrourced the ro4,th. ot,.c.,on. +n
,,1e n1 h,'S f. ne n rpe @ oe "a one
tne It1t.;nm ~ n. Wsraa" ~ ueo, a9o .ot
Mrs nAyIs remarkra fhsT H. "a ~ p.ne y;
s5a nqisa ~ re 9e Win
uo nus. m rsen sna pv d
g ,ae satf: 10 case d 'ne ssnf fa'llrs to max:
Al Ill to sen n md I'd sots ea'' % 1eaa5
Mf' EIjERMsN rro;lrn ~ r+ysrerra ~ .na
fourth section Of The Iii rron,i-e sytr1 r.e,on ny
c,1,aion X d W. .'lrsr cn,, = pes cens rs
isw ,hs H. Trssen, ...,sre 1n .aeo me
wa p,esented ia bank AND RI, n,a 1T ~ so1sI HE
night n'ht & q oIse present It 70 The goveItmaat,
tsnEs srn nrr.1 ~ wnio *not1 aA!A INC
rsnire ~ rrismo;,nn ant, fea s,ns nu a. lug
ctles tat spped to cqcn.ane9 nnse. anp,s pn
1eo y, y sh gusss1msnt na1,,,s,a uote
-. tus cnpG5sa nnyH y! ane renafSa CT Ar 5aeF-
IeTsT M ef tas upspe Koy a.xn@sns s:a y
70 .1,o TN - Hosoes.sa me Proposition
~, ~ t ~ 20 &c taed ~ PEI cent
cn7 fsino ~ ~ sas nessnfs ~ Of ne Eovtrn.
s,ao p1 WI ate oooas a. es'ls tor SeH bank rca
ao' ~ snu R.sinR preference TO those portions Of
tim. fng eene1t' ~, d.r.lsS; nnga msJ fInm tine 70