The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-01-14
The --latest NeWs..
XLIst CONGRESS.
wednesday, PrOceCdings-By MnII.I
, SENATE.
WAsHTNOTON, Jan. l2.
Z - ? -
SECOND SESSION.

lWedheSdAy bftOceOdlnRb-by NALL
- SENATE.
+ WAsHTNGToN, Jan. 1s.
MR. CoSKLISG presented the resolu
ti6hsiOf the Legislature of Now York
withdrawing the dissent Of that State thC
ratification Og the Fifteenth. Amendment
lie said he thus discliargcl.a distastefl
duty, and regretted that a record so III ad
visel shall have come from the State o
New York. Another time he would show
how little such proceeding deserved The
consideration Of the Senate
Mn. KEyofFerp1 h resolution, which
was laid on the table, that Indian treatie:
be considered in open session.
MIR. SUMNER introduced bill to .au
thOrizC tic funding Of tile debt, and TO ex,
tend banking facilities and TO establish
specie payments. lie said the bill con.
templAted the prompt icxtingldshment Of
5.2Os Of 1852, and upon q certain period
of notice, say six months, 50 that distant
FhOlders in Europe may bc advised that
the interest of the 5 -90's nfi 1909 shall cease
and the bonds he forthwith redeemed in
coin. These six per cent, COOS of 1852
amounting to upwards of $600,O00,O ,OOO
would he refunded into five per cent
l0-40's, whose payment in coin was eX.
pressly stipulated by the act authorizing
their isRle, with d now issue Of the latter
limited TO $50OOOO,OO0. Foreign holden
of our six per cent. bonds Of 1852 would
accept five per cent. bOnds in lieu Of coin
and so much of tlIat loan rs is held al
home may Ike paid in coin il preferred by
the holders from the proceeds Of an actual
amount Of 5-2O's placed in Europe at IHI
for coin. Our five per cent. bonds being
limited in amount, after being taken ut par
in preference to coin, will advance in val
ue SO that the investment will become
popular. The national credit will thus be
maintained, the offer being plain, bonds OF
coin, giving the world assurance Of our
determination.
The answer will be rs prompt rs the Of
fer of bonds and not coin. In regard "a
the national banks, which had done ~
much to furnish uniform currency two
things were necessary. The bonds de-
pOSiied BY them with the Government
must he reduced in interest, and the sys.
ten must be extended so rs to supply
much needed facilities, especially ut the
West and South. The requirement from
all banks Of new four per cent. bonds at
the rate Of 100 for so notes issued and 10
he issued, would absorb six hundred and
twenty-five millions Of national debt into
four per cent, while the withdrawal OF
one dollar in grCcnbaCks per each addi.
tiOnal dollar Of notes will 90 far to cXtin.
guiSh the outstanding greenbaCks, thus
quietly removing an impeachment 10 specie
payments. The bill ought 10 bring M.
liOnal obligations Ia Il par with coin, Nnd
To resume specie payment without effort,
while our bonds would he made the most
popular in the market.
MIR. Wilson, from the Military Com
mite, reported flvOmbly upon the joint
resolutions setting apart proportion Oi
Fort Smelling military post, and for the
settlement Of claims in relation thereto.
Mr.. RAMSAY introduced hill granting
lands to aid in the construction Of rail
road from the western boundary Of Min
ncSotn 10 the Winncpcg district Of British
Columbia.
The Virginia bill was then taken up and
consideration Of the amendment Offered
by MR DRAKE, to prevent the resembling
Ofthc ratification Of the fifteenth amend
mrnt by Virginia w'lS resumed.
HOUSE.
Mr. WOOD presented the Joint RcSulu.
ton Of the New York Legislature, with,
drawing its assent heretofore given tn thC
ratification of the Fifteenth Amendment.
Tabled.
Mr. WOODWARD made personal CX-
PLANTATION on the subject Of the Cnll0luy
which took place between himaclIand Mr.
ScmnFIEID In relation To rcpudiatim by
Allegheny county, Pa.
Mn WILSON, OF Minnesota, introduced
Il hill granting lands tn the State Of Min
nrsoln for railroad TO the Winnepeg bOun
barry nf the British possessions. Referred
MW GARFIELD introduced II bill tC
amend the net for the establishment n( II
Department Of Education, and Ia abolish
the Bureau Of refugees, freedmen ulld
abandoned lands. Referred.
Mn. COIuEn nllrr resolution instruct,
Ing the Committee un Commerce I" in'
Quirr into the necessity Of removing tlW
sand bar and other distractions across the
mouth Of Clinton river. Lake ST. Clair
Michigan. Adopted.
MR. UrAOS offered II resolution direct
Ing the Secretary Of the Treasury To TAXI
| into consideration the necessity Of rrcrt
| ing suitable buildings in Cleveland, Ohio
fur the IlSc Ui the custom house, United
States Courts and Internal revenue offices
Mu KEWR introduced u hill to repeal tit
act 0r June II, lslIg, defining adIlilinm
callSl.S If challenge, nnd prescribing NJ
additional oath - grand and petit juror
in United States Courts Referred.
The discussion Of the League island
navy yard bill consumed the morning
| hour
Mn, JrnD proposed TO call up the ll
relative Ia tho appnrliOnmcni iur rCprrScn
taiiOn hut as Mn FARSswORTlI drSirrt
tn get the Virginia hill up for action, Ii,
Welded, giving notice that he would call il
npnt the earliest opportunity.
Bills were introduced and referred rs
inlluwS
By Nix. .IUpD, rcNnding duties paid Or
the organ Of the Church Of the Holy Trim
it's ut Chicago.
BY Nix. NrGLr:Y, amending tho net U
February 90, 1877, fi'r the election 0r Con
grrSsinnnl printer, and providing that IL
h. ChuScn by concurrent resolution.
By Nix. CRERs. in relating Ia pnymrn
Of pensions.
The House then proceeded 10 the con
sidcraliun Of the hill tO admit Virginia Il
representation in Congress.
Mn FAWSswOIITn addressed the llOusC
in explanation and advocacy 0rthC hill.
Mn. PAUSE followed, alsOin lnvcr Oflhr
hill
Mn MORGNS opposed the hill and FL
vOrrd Mn. lIISGIAM's substitute.
AhiUuInrd.
SENATE.
WASHINGTON, Jan. ~.
Bills introduced nnh referred: