The sun. [volume] (New York [N.Y.]) 1833-1916, 1870-03-01
PRICE TWO CENTS.
THE SCIENCE OF POLITICS.
A sTUPENDOUs JOKE UPON DEMO
CRATIC CONGRESSMEN.

Tho Coiored Senator Appointed on sensts
Committees-Epcourss the scttiemens
OF tho Public Lsnds-The Resignstien 81
GoiIadsy and Dewoose.
WASHINGTON, Feb. 28.-The Chair announced
the appointment OF the coiored Senator, Reveis
(Rep, MissJ. on the Committees OF Education snd
on Labor, respectively. Mr., HOWELL Qsep., Iows,
offered . resolution instructing the Committee %
Public Lands to insert in all bills hereafter reported
for grants OF land TO aid In the construction Of rail-
roads, provision which will secure tho right ef
settlers to homesteads said grants and to require
that the safes Of ssch lands shah bs made at the
same price as the alternate sections OF the Govern
ment ands, In order 10 promote tho speedy occups-
tion Of said lands and the rapid settlement OF the
section OF country In which they may be locateI saA
to protect the people against the evils Of
LAND MONOPOLY.
Mr.. SUMNER (Mass) reported q bill TO enforce the
amendment to the Constitution. declaring that The
right TO vote shall not be denied or abridged on 60
count ofrace, color. previous condition ofservitud
y provides that any person hindsrng citizen OF the
registered, from voting being voted for, or holding
ONCE, shall be punished by q fine OF not less than
elcC; nor more than $500 and BY imprisonment Of
not less th'n thirty days, nor more than one wear.
refusal to register the name or to receive, count
or give proper legal effect to the vote ofsny ciiiseu
ished by 6ne OF not less than $500 nor more than
$4,000 and by imprisonment Of not less than thros
calendar months, nor more than two years. The
United States District Courts are given exclusive
Jurisdiction In these cases, and required o.
force the law.
Mr.. sHKRxAs's FUNDING BILL
Mr.. SHERMAN explained the bill The hrst sts
sections described the bonds into which the public
debt was to be funded and the agencies for disposna
OF the bonds. The seventh section looked TO the
reduction and ultimate payment OF the public debt.
not only the old, but the new debt now crested.
change. OF banking laws requiring the banks 70
aid In the work OF funding, and making the system
tree. Referring TO the history OF the public debt hs
said: The great oct OF February, 1863 ferred
traordnary power 10 borrow money, with two limi-
taon. that the leans to be short loans redeem
able after hve and that the gold interest not
to exceed six cent nni the currency interest was
not to exceed seven thr' anths per cent. II pro-
vided for the FIRST tire that United Stntes notes
and should be convertible ia % hoods az the optoa
OF the holder II clearly ths attention OF this
act to make the notea
LRdAL TENDER
In payment OF pr,stistiug debts. II was aiopted
solely because II feared that existing creditors
would refuse to take them IN payment OF preSxist-
Ing debts. He then read from letter OF Mr. Chss..
aud from his own speech the legal tender clause.
to show that this the object OF the legal tender
clause The act OF April IL 1866 under whicn the
great mass OF our floating Indebtedness was cor
verted into gold bonds, was great misfortune. Iu
the then condition OF the public debt the grea,
OF IL might have been easily funded into ten forty
bonds but under tho authority OF that act the Whola
OF II was converted into hve.twenty bonds, post
ponipg the time Of their redemption several yesrA