The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1870-01-28

hundred and sixty acres of land TO
soldiers VINO served in the late war; TO
adjust tine payment of pensioners on
a gold basis; providing for the health
and safety OF persons employed ia coal
mines: Tor = survey OF the Port GratiOt
military reservations in Michigan; al
lowing citizens Of West Virginia 10
present claims for Quartermaster's
stores, &c. TO the Court Of Claims; to
authorize tine people of New Mexico
10 form a Constitution and State Gov
eTnment, preparatory to admission as
a State; Granting agricultural and
school lands to several Territories.
In the Senate, January D, the pro-
ceedings OF a meeting of merchants to
protest against the continuance Of the
income tax was presented The Cur
Fency bill was taken up, and occupied
the rest of the session, and favored an
early return 10 a specie basis. He
thought the bill neither helped or re-
tarded the latter, and thought it the
hest. perhaDs, he could get. Mr.. Sum
ner. wanted TO amend by substituting
for the bill a similar bill recently in
trOduced by him, for an increase of
the bank circulation 20 500, ,0o0, 900,
upon the retirement of greenbacks.
Mr.. Sherman wanted immediate act
ion Oh the bill. Nh Morton spoke at
length in opposition To the bill. He
said il would result in a contraction
of the currency, and he was opposed
TO that. He characterized as unsOund,
the argument of Commissioner Wells,
that the depreciation of the currency
rested upon its excess, and that there
was an excess of some two or three
hundred millions. He did not think
the bill would render gold stable. He
thought the provision of this bill for
establishing banks on a coin basis, re-
quiring them to redeem their notes in
gold, and only to have twenty-five
per cent. of gold in their vaults, might
be successfully carried out in the Pa
cific States, but he felt confident it
would practically fail on this side of
the Rocky Mountains. These gold
notes proposed by the bill could not
90 into circulation any more rapidly
than the gold they represented, and
could not be kept afioat except by the
bank keeping a dollar in gold for each
dollar it had out. Mr.. Sherman re-
ported bill providing the tax on in
comes under sections 116 to 123 of the
act of June so, 1864, shall continue to
be collected during 1870, and no longer.
In the House, Jan. 25th, petition
was presented for a reduction of taxa
tion on shipbuilding. A bill was pass
cd providing that no title shall be ac-
quired to any agricultural public lands
in California, except under the home
stead or pre-emptiOR laws. a resolu-
ton was adopted calling for infOrma-
ton as to the payments made by the
Nashville & Decature Railroad Com
pany for materials purchased from the
Government. A bill was introduced
and referred, authorizing the North
ern Pacific Railroad Company to issue
its bonds for the construction of its
road, and to secure the same by mort
gage. A bill for the reorganization
of the Navy was reported and recon-
mitted. A bill was introduced grant
ing pension of fifty dollars a month
to the widow of Maj.-Gen. James A.
Mower, but after some discussion it
was withdrawn. A bill was intro
duced and referred granting lands to
Arkansas and Missouri for a railroad,
from the Mississippi to the Arkansas.
The report of April last on the con-
tested election case from the FOnrth
Congressional District of South Caro-
lima, declaring a. S. Wallace entitled
l1rinlG fdcid to the seat, was called up,
discussed, ,amended by declaring neith-
er claimant entitled to the seat, and
then rccommittted. The House held
an evening session, but not more than
a dozen members were present. Sev-
erad speeches were made.