The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-02-01
FORTY-FIRsT CONGRESS.
The New CoIorcd senator from Mississippi
The Postal Telegraph nil Favorasiy
Reported-First Move for the Reconni-
milton Of Cubn-Tinkering with the Tariff

Rcported-First Move for the Recorui-
milton Of Cubn-Tinkerips with the Tariff.
WASHINGTON, Jan. 3l.-Mr. SHERMAN (Rep.,
Ohio presented resolutions of the legislature
Mr.. Rcvel colorcd Senator nom Mississippi, ap-
peared on the Senate floor and was congratulated by
q number Of Republican Senators. There Is but one
vacant seat and be has been assigned H. on the ex-
tremo corner OF the Republican side.
Mr.. CRAeIS (Rep., N ~ introduced bill to abol-
i,h the oniee Of Surveyor OF Customs. II provides
that the present duties Of that ONCE shall hereafter
be performed by the Collector OF Customs, and the
Surveyors share OF forfeitures and nnes shall be
paid into the United States Treasury.
Mr. CoSKLrso (Rcp N. W introduced . bill 70
facilitate the adjSStmsnt Of controversies between
pprtios int' rcstod IL maritime adventures and con-
tracts in the port Of New York, and to establish
Mr. WILSON rep. Msss) reported adversely IN
House joint resolution authorizing the purchase or
lease ofbuidnss In New York for the use OF Stan
Mr, MonroS QRep., Ind.) introduced a bill to ad.
MIR. RAMSEY Rcp., Mun) reported back, with
amendments, the bill TO establish
POSTAL TELEGRAPH SYSTEM,
ard to incorporate the Postal Telegraph Company.
With few exceptions, the amcndments.are merely
verbal and the summary OF It's provisions as pub
following particulars:
The Company k required to provide lines q telegraph
now Tor tic q essrs for she
public. and TO all places which have pol ulaiion Of
Go@%s,oSs! q fsssIsss ,Sai sTied Toart, A.
operator with the approval Of the Postmaster Gene.
raj The Company may rmcllse any ex'.ting Ines Of
Isl, ~" ",''Na "'' O''N '''O' " ''"' l.
The Senate then took up
rux CURRENCY BILL.
Mr.. sHvnM,S (Rer., Ohio submitted an amend.
nent as distinct section to provide that nny bank
ing association IN any State, having more than It's
proportion OF circulation, may be removed to any
anG or opdSr e sTs
rency may approve, and the Secretary Of the Treas
ury may require.
Mr. CoLE Osep., Cal) believed the amendment
would operate exclusively TO the benefit OF any ci
zen wio chose to remove into State which had not
THIS Would be Unfair 10 lie people O. OF te State.
which tad not received their proper share.
Nvssrs. ABBorr (kcp.. ". c. and WARNER Hep.,
Ala) suggested notifications OF the mendnenl,
which we're adopted
Mr.. coSKLrNo Rep., n. " opposed the amend
men, becaus'it would Give 10 citizens OF New Eng
land snd other states a license to nut bank upon
wheels and move Il nom u .'" to place all over tae
country unul ,hey iound pla, more profitable than
Mr.; FOWLER tRcp.,, Tennl -Nd in view Of their
| Jcrn cious institutions than the National Hanks.
These banks In tAe South better than shay
| in- shops His own opinion that tho Ms.
uonal bank note rs not whit moro valuable than
The greenback based unon tae credit OF the Govern.
ncnt. The passage Of the hill, he believed, IVES cal.
most
| in.quitgus lni injurious system.
Mr.. Wilson (Scp., Mass) serutnized the disad-
vantages Of the National banking system and favored
| the adoption Of another based upon free banking
| principles.
The pending amendment, as modified, was read,
| rs follows:
That after the expiration OF six months from the
passage OF this act any banking ISOLATION located In
tiOn may be removed TO any state having than
proportion OF circ Hat under such rulca and regnla
lations a. the CorprO OF OF the Currency. with
aptoNai Of the Secretary OF the Treasury. require
not be delucted from the amount OF lhc new issue
provided Tor m this act.
| Mr.. CoskL;so believed the amendment obieet,on
able bcc-use Of the unccrtalnty aud con lu sion IA
result from II practically. Amer apportioulne tha
present additional volume Of circulation nf1C az th
States now deficient, any bank might by the amend
ment remove ththcr aud In, rcase the circulation
But no provision was made in regard to the amount
Of this excess to be allowed.
| The Senate adopted the amendment by-ycas, q ;
nars 10.
Tie former amendment Of Mr.. Morton. TO tx tho
additional amount OF circulation at $52 ,0O0 was
then renewed. =
| Nj. CAMERON (lrp., Pl) remarked that the only
remedy IN h op nion for difrculues was TO be
found in tue RESUMPTION OF specie payment lie said
III we're not for tue S1)O0JOOO OF greenbleks, the
Government could today pay ali Its liabilities IN
| gold aud silver, and he thought f thc Government
woull cut loose from the banks, the latter would
| prove fully able To take care of themselves.
| An understanding havuy been effected that vote
would be ttln on the bill on Tuesday, at y'eIo et
the senate adjourned