New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-06-08
HOUSE OF REPRESENTATIVES,.

Mr.. SCOFIELD Rep., PENN, from the Com
mttce on Naval Affairs, reported back the Senate JOINT
resolution for the relief Of Commander A. b. Bisse, with
an amendment extending its provisions also to Com
mander John C. Carter. Passed.
Mr.. FIEKELNBURG (Rcp, MOI, from the committee
on Commerce. reported the bill to establish port oil de-
livery at Kansas City, Mo. Passed.
PRoyIDING FOR THE CARE OF "ISsANE" PERSONS
Mr.. DAVIS Rep., \. ", from the Judiciary Commit.
tee reDOted the bill provide for the and custody
Of persons convicted in United States Courts who have
or may become insane authorizing Their transfer 70 inc
| Mr.. MERCUR rep, PENN, from the Judiciary Com,
mtee reported the bill authorizing terms OF the United
! CONVERSATION FOR CoSTEsTANTs ~
reboTted from the Committee on Elections regulating
payments Of members in cases OF contested elections
he had when the bin was up last week He
reminded House that within the last IL years. up to
the SesR Who it had decided had to dollar
public money gratuity Of sl9Ooo and that in the pres
under the circumstances. He desired the House to
consider Gy Theh under this state Of thing elections
contested in such number that the House had been com
Teled this session to make FIVE different and separate
Committees of Election, involving the House in the alb
snrdtv OF five different courts making five independent
and conflicting r9hgS Of on t te I'LL ~ nav only
half compensation to the sitting member whose seat
contested until the contest Is decided He admitted that
,re were dfcutes in the matter Of contested elections
which ay deeper than could be reached by statute They
Law in prejudices and passions OF party but there
cGInId he any enactment devised which would
helm to cure the evil the House ought to attend toit
cure the evil complained Of but simply legazed it, He
was favor OF saying to contestants that unless they
made their claim good nothing would De pad 10 them
MI. MARSHALL Dem, M admitted that there had
been great abuses In the matter of conte sed elections
but he believed that the pending bill would produce still
greater evils. He therefore opposed TO IL. The
on and Judgment on the part Of the House Every
member had his certificate Of election was entitled
10 draw his pay long he held his seat, and the
House had no right TO deprive him of it, lie believed
that the plan proposed in the bill instead Of
fate for moment in rejecting the BILL which he regarded
as dangerous and revolutionary.
advocated the BILL and moved the previous question The
Mr.. KERR dem Ind) moved that the bill be laid on
' Mr. INGERsoLL Rep, Ill called for the yeas and
that it was the best place for 1t.
Mr. BANKS Rep Mass.J introduced a bill to promote
postal and commercial intercourse between Cedar Keys
Fla, and Havana, Cuba, authorizing a contract with
John Patterson and associates for weekly mail ser
vice. at cost not exceeding $4,000 year Referred.
INCREASING BANKING FACILITIES.
Of the bill reported by Mr.. Garfield from the Committee
Banking and Currency to increase banking facilities
Mr. GARFIELD Rep Ohio addressed the House in
the attention and sympathy of the House undertaking
such delicate and difficult task In view of the singular
chaos OF opinions the subject, he confessed himself
utterly unable 10 realize his own views on the BILL which
could possibly pass the aSqse and had therefore to
ditional difficulties Of instructions from the
the e Of the 'Ga
between coin and paper money! he quoted from recent
patterson OF scotandto show that paper circulation
of the United Kingdom had remained practically sta
Currency act of Sir Robert Peel forbade the Increase Of
paper money except in very limited way and then
United Kingdom had trebed its wealth and quadruped
its trade The great instrument Of British trade was
mercial bin, and the draft on the bank.
Not I'VE per cent according To this writer, OF all the
husin Of United Kingdom transacted
paper money more than % per cent OF 1t being trans
transfers of credit. This remarkable fact, which
should he taken into account in all discussions Of cur
rency and trade facilities 1t showed that the bank
to-day the great mechanism for facilitating trade rather
than coin or He believed the first great want OF
coin; but as that impossible at present. and beyond
his aspirations. he would say that the second great want
changes whether in the form OF paper notes OF banking
credit That the great and pressing demand Of the
hour He replied TO the argument as to the distribution
Of currency arguing that no matter how distributed 1t
would flow in channels regulated by the laws Of trade,
and could not be restricted by any absolute provisions Of
cause the present moment there remarkable lnll
in the gambling houses known as the Gold Exchange"
unable TO prOgnOsticate the signs OF the times
they waiting TO what Congress would do, and
were not using their but letting IL lie idle. If
Congress TO adjourn without legislation the
financial question the scenes OF July August and Sep
country would be tossed and down, and torn by the
gamblers Of wast While money was at four per cent
In New-YOrk, respectable merchants in the West,
with the best business paper and security,
were trying in vain 70 get loans at Is aud
20 per cent. Legitimate business suffering while
the raseas and gamblers who dealt in the nations life
blood had money at their command And this OF
the conditions that grew out OF the unequal circulation
and unequal distribution Of banking facilities. The
mittee Banking and Currency had been subjected
newspaper attacks growing out Of the BILL paper de-
nOuneng the bill as one Of contraction. and another de-
nouncng II of imitation. He stated facts show
IL wac bill Of contraction. and wished 1t easy
for him to prove that Il was not Of imitation. That
was the great difficulty which he had with the bill
As to the suggestions In favor Of issuing greenbacks
he entirely opposed to H. II safe TO trust
the volume Of paper currency 10 the naked will Of
political party In the National Legislature But II that
difficulty not In the way there still another and
a greater greenback currency, not issued in CON
nection with banks was not regulated by the wants OF
business. 1t just much the year round, while
every knew that IN some Of the year
circulation needed for business than at Others.