The New York herald., 1870-01-29


The amendments 10 the bin being finally adopted,
as also an amendment oy Mr.. Bayard for report
upon the distribution and a review Of the expendi-
lures by Congress, the bin was then passed.
EXECUTIVE SESSION.
After an executive session the Senate adjourned
until Monday.
HOUSE OF REPRESENTATIVE.
WASHINGTON Jan. 49, 1870
VIRGINIA MEMBER QUALIFIED.
Mr. James X. Gibson, member elect from the
Eighth Congressional district Of Virginia. appeared
and was sworn in.
BILLS INTRODUCED AND REFERRED
BY Mr.. kErcHAM, repJ OF N. Y.-For the better
organization OF the Medical department OF the Navy
also for the relief OF the officers and crew OF the
United States steamer Columbine.
by Mr.. WILSON, tdem.l OF Minn.-To preserve the
navigation OF the Mississippi river at or near the
Fails OF 81. Anthony.
by Mr.. STRICKLAND, Tep) OF Misunderstanding
lands TO the Deer Creek ana Marble quarry Railroad
Company, Michigan.
by Mr.. MERCUR trep) OF Pa.-For the collection
OF debts due from Southern railroad corporations.
by Mr. DocKERY, (rep.) OF Ohio-Amendatory OF
by Mir. CULLoM, rcp1 OF Il.-To organize the
Territory Of Lincoln and consolidate the Indian
tribes into q Territorial government. Also to pro-
vide a Territorial government for the District OF
BY Mr.. KNOTT, (dem.l OF Ky.-To incorporate the
National Concrete Pavement Company OF the Dis
BY MIR. FARNswoRTH, rep.) of ill.--To arch Tber
creek, north OF Pennsyivana avenue, IN washington
city,
On motion OF Mr.. SMITH, tdem.l Of Oregon the
Senate Dill giving consent 10 the erection OF bridge
across tho willamette river was taken from the
Speakers table and passed.
BILLS REPORTED FROM COMMITTEES.
BY Mr.. CLARKE, rep.l OF Kansas, from the Com
mlttee on indian AIrairs-For The removal OF tue
Usage Indians to the indian Territory, and to dispose
or their lands to actual settlers only Recomlted.
BY Mr.. SnANKs, i2ep.l OF Ind, IRON the same COM
mittce-For similar removal Of the Kansas Tribe ef
Indians. Recommitted
By Mr.. CAKE lrep.) Of Pa, from the Committee on
PrintlngFor the abolition Of the Office of Congress
siona Printer tie election Dy concurrent rssou
ton or Joint ballot OF the superintendent oil Public
Printing to perform the same duties al salary oil
$4,000.
lhe bin was explained and advocated by Messrs
Cake and Lain the latter taking pans to exoneraie
the Congressional Printer from the newspaper
charges affecting his character in the management
OF The Office. 1t was then passea without division
PETITIONS AND REMoSsrRasCEs.
Mr.. HILL, (repl OF N j., presented petitions from
forty-seven towns OF New Jersey for the aooaon OF
me rankng privilege; similar petitions wees pre-
sented by Messrs ketcbain' starkweatner, Kellogg
Mr.. STRONG, rep.) OF Conn., presented remon-
strances OF firms IN Hartford, Conn.,, against further
Mr.. CALKIN, (denl.) or N. Y, presented the petit
ton OF shlpowners OF New YORK city 10 reference to
Mr.. PAINE, rep.) OF Wis, submitted communica-
tons from the Surgeon General OF the Army; Pro-
lessor Henry Of the & Smithsonian Institution; Pro-
officer OF the army, relating 10 the bill for the pre-
venton OF marine disasters. Ordered % oe
printed.
The House then proceeded 10 the consideration OF
The onIy bill passed in the morning hour was
the relief OF s. and II. Sayles OF Connecticut
making an allowance OF sss,eSs, IN connection with
q contract for army clothing.
CASE OF THE GEORGIA MEMBERS.
Mr.. CnuncnILI- repl Of N. Y, from the Commit
tee on Elections made report IN the case OF the
claimants to seats from the State OF Georgia, under
the election Of April 20. 1885, declaring them not cn
IThe claimants were admitted to their seats at tho
last Congress, and claim to be entl'ed, under the
same election, TO seats In the present Conxress]
After some little discussion and explanation the
resolution was adopted.
MEMBER UNABLE TO TAKE THE OATH.
Mr. PAINE, from the Committee on Elections. asked
that the Committee on Elections be discharged from
the further consideration OF the claims or Mr. Sinp-
son, member elect from the Fourth district OF
South Carolina, he being unable to take the test
THE DARIEN CANAL.
Mr.. STEVENS rep.) OF n. H. offered resolution
calling on the Secretary OF the Navy for the reports
OF Rear Admiral Davis on the subject OF the Daren
The House then, at twenty minutes past two
o'clock p. NJ, went into Committee OF the Whole
Mr.. Cessna In the chair-on
THE LEGISLATIVE, EXECUTIVE AND JUDICIAL APPRo-
PRIATION BILL.
Mr.. VOORHEES,, ldem.) OF Ind addressed the com
mlttee. He said that as the Massachusetts comba-
tants had temporarily subsidized he rose to ask indu-
gence while he demonstrated the wrongs and
expressions OF the people Of longer growth and OF
more gigantic proportions by far than even tEoso
which that most striking and remarkable debate dis
closed. In discussing the origin and existence OF
the national debt ne soemnly asserted tnata a vast
had no existence In reality; tnat IL was nctlou
created by unjust and scandaous legislation; on the
still more unjust and scandaloUs perverson OF the
true contract: that 1t was fraud fastened upon the
labor OF the nation, utterly without consideration.
either legal moral; that IL was a sheer and
naked extortIon from the wants, the necessities
and the helpessness or the people ana the armies,
when they were wholly at the mercy OF capital.
He had made his calculations and made them safely.
He had underes1mated the wrongs of the people
ana the enormous advantages Of the bondholders
rather than ovcrestimated them. In 1862 there were
issued bonds the amount OF s60 9s2 450 at SIX per
cent. The average price OF gold was then 1881. IN
currency. At that rate the purchasers OF TINS rst
s44 030 $40 in gold. II those bonds were 10 be paid
back IN gold the holders would receive $l6,s5i,So1
bonus, gift. On this bonus interest TO the amount
OF So 102 t5l was already paid and the interest yet
to accrue on 1t would reacn the sum OF 52t
The account, therefore, In 1862 stood as 1ollows:-
Amount of bonds cold. sec, 9S2 450
Amount paid for them. n.................. d403Q, 649
Amount OF bonus. 1926, sol
Interest already paid on bonus. 6102,65f
Interest yet TO be paid on bonus. 1920 500
Amount OF bonus and interest thereon. 49, 81 293.0s
Thus 1t would be seen tliat on an investment OF u
little over forty-four millions the trafficker In ma
tonal bonds had obtained securities for over thirty
seven millions, not one dollar OF which had left their
Golfers ever found It's way into the vaults OF the
Treasury. The same system OF calculation on the
bond issue Oi 1868 800 6oo WIN EOlu averaging
1853, showed that the bond holders rad paid only
$0 ,s5A, and that the bonus, and the interest on
the BONUS amounted to $3.50 OH, ,73o OH the transac-
tons for that year. The result Tor 1854, when gold
averaged 201, was as follOws:-
Amount OF bonds issued. .$3S1 800 $50
Amount paid for them. m................ 1s9 697, ,636
Amount Of bonna. na.................... 18l 594, ,614
Interest already paid on bonus. ....... 450S2 708
Interest to be paid bonus. ......... 1S3 $3.50 S32
Amount OF bonus and interest bonus. 42l sos 154
The like calculation for 1855, with the
average price OF gold at l43, showed an
issue or. ........................., 27o747,lso
Bonus and interest thereon TO The amount
of. ........................... 157, $40, $40
The result OF 1866 on an issue Of 1249l4,400
with gold ut i4l,
was bonus and interest thereon off,. 79.909 9s7
The result OF 1867 on IN Of. a2l $50
with gold at 1897
was bonus and interest rnereorpof 2eo 15s, ,eO1
The revtIt fOr l6gN on an lssue Of . 4c5 l43 500