The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-06-09
heLatest News.
xLIst CONGRESS. ra,
SECOND SESSION.
IIOuSE.

MT. llAlI lluIl buC S"!I.aaSt ~ Va -
valid Pensions, reported bill to amend
the supplementary pension act OF July
10th, 1860, by providing that persons who
have lost the sight Of both eyes, or lost
both hands or both feet in the service, II
so disabled as TO require permanent aid
or attendance by other persons, shall be
paid arrears ofpensiOn from the passage
Of that act to the date Of their disability,
ut the rate $25 per month. Passed.
Mr.. Negley, from the Conference Com
mittce on the supply Of artificial limbs to
disabled soldiers, made report, which
was agreed to. ..',,... .r-
The House then resumed consideration
Of the currency bill.
Mr.. ISGERsoLL advocated an increase
of the circulating medium, apd protested
against resuming specie payment, Willie
the country was debtor to other nations,
and had not more than $l5O,0OO, or $9OO,-
100000. The idea Of specie payment was.
d delusion, cheat and a fraud and hc
hoped the people Of the United States
would see that no State bank or private
bank should ever be organized on II spe-
Cic basis.
Mr.. ALLISON offered an amendment re-
ducing the proposed new issue from $780,
100000 to $55, 100000.
Mr.. RANDALL argued that this was not
the time for pressing the bill, and said lie
would move to postpone 1t, lie advo-
Gated nm amendment lie had offered author
izing tic issue $3,OOO,000 in greenbacks,
and exemption and cancellation OF an
ouual amount Of national bunk notes, with
prohibition Of any further issue OF nation
al bank notes. The circulation should be
all Errcnbacks and If 1t had been specie
payments would have been reached before
this time.
Mr.. BURCHARD moved to amend by in
serting IN additional amendment requir-
ing national banks to keep coin or coin
certificates for interest falling due on
bonds deposited inihc treasury, until the
reserve required TO he kept shall consist
wholly Of coin ind coin certificates. "
Mr.. CoBuRN thought this was not
in tie currency. An that was
asked YVES IN Increase in the cur
rcncy, and fair distribution Of II TO the
sections at present destitute OF It. The
distribution should be- on tho bAsis Of
population. lie argued that the first sec
tion of the bill did not actually increase
the circulation $95, ,000,0 900, but only $57,'
100000. That was owing 10 a PECULIAR
tv in the banking law. He declared that
no more radical measure Of reconstruction
could be adopted than the pending bill
His proposition was TO rcdistrloutG son.
900 600, and reissue $44, 5000 900 in green
backs, in place Of the three per cent Ger
tihcates now uscd as u reserve. This
would save the Government $S5O,OOO Il
wear. lie favored the increase OF cirCulA-
lion Of only $57 100000, and then tho
South and West would still have less cir
culation than before the war. m.
Mr. HOTCMKISs opposed the section for
the issue Of 4t per cent bonds, but APP
proved Of the sections authorizing the cs'
tablishment of National banks TO issue
specie payment notes, regarding 1t as M
approach 10 resumption.
Mn. TOWNSEND was opposed to the 9th
section, requiring banks TO surrender their
6 per cent bonds, and take instead AZ per
cent bonds rs q basis Of circulation.
Mr.. BuRCHARB advocated the amend.
ment offered by him to-day, and discussed
the general provisions Of the bill. ~,
M. WALLER moved TO strike out Hll
but the 1lth and 18th sections.
Mr. GARFIELD, Chairman of the Bank
ing Committee, by direction Of the com
miitce. and as a matter Of comfy towards
the Committee of Ways and Means, would
strike out tho funding sections of tho bill,
sec. 8, 4 and 8, and allow all the bank cir.
culation issued under this bill TO be issued
on the bonds now existing, or that may
hereafter be.
Mr., STEVENSON said the amendment
lust offered by the CHAIRMAN of the
Banking Committee, refutcd his first nd
chief objection to the bill. lie declared
that II they could not have moderate de-
gree of expansion they would not have
contraction, and II they could not ad'
vance they would not retreat
Mr. PACKER advocated tho bill, and
Mrssrs. KELLEY, HOLMAN, LYNCH and
KERR OppOsedit. -. -,
Mr.. BiNGnAM moved to amend tho bill
by striking out the part Of the second sec
ton allowing the cancellation Of green
backs, and striking out all succeeding
sections except the eleventh. His amend
mcnt would leave IN additional circulN-
ton OF fifty millions, and would relieve
the people of the three per cent. interest
now paid on their certificates. =,
Mr.. GARFIELD in reply said these gold
sections which he wished struck out had
passed the Senate a0cr n most elaborate
and careful debate and with all the limits
of the banking law applied 10 them. lie
offered ms n substitute the original bill,
with sections 3, 4, 8, q and 19 struck out
and with n section inserted instead OF tho
funding sections .,
Ai(cr discussion and explanations the
understanding was had that all amend
mcnts offered be considered rs pending
and be ordered printed, only two, however,
to be regarded as amendments to substi-
tuteS.
Mr.. GARFIELD moved the previous
question. >,
Mr.. NEGLEY moved that the bill be laid
on the tAble-yGas IS, nays W. i
Mr., ELpRIDGE moved to adoun-yCas
IOi nays tO' . ,,
House now adjourn, the pending question
being, "Shall the bill be engroSSed and
read the third timc?" the bill would 90 to
the bottom OF tho bills on the sPEAKERs
table.
The question was again taken, md the
House agreed to adjourn, thus virtually
killing the the bill-ye2S 70, nays 90,
There was q good deal Of excitement
when the probable result Of the vote be-
came known, and efforts were made by
the friends Of the bill to induce the mem'
bers to change their votes from aye TO no
A few changes were made, but not enough
10 affect the result.
The SPEAKER said tho bill must go to
the bottom OF the bills on the table, ana
al