Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1870-07-02
CONGRESSIONAL.
Courts and Lawyers Atlantic and Pacific
Railway BondhoIders Masters Of the
Senate--ThurmaH Voted DoSu---The
Fishery Question.
SENATE.

tlon between the Mississippi river
and Lake Michigan, by Wisconsin
and Fox rivers, concurred in.
The Atlantic and Pacific railroad
bill was briefly discussed, and an in
effectual effort was made by Wilson
to get the Conference report on the
army tax bill to take up the question
being in the amendment to tax the
interest on United States bonds 5 per
cent.
1t was supported by Bayard, Thur
man, Davis, Stockton and Casserly,
and opposed by Edmonds, Sherman.
COrbett, Rice, Morton and Fenton, and
was rejected, y to 36.
Discussion eusUed on amendment
by Thurman to tax income derived
from bonds per cent.
HOUSE.
Mr.. Maynard, from the Committee
on Ways and Means, reported a bill
remitting and releasing all legally
and SUGGESTIONS of tax or devices and
bequests made by Mather Vassor to
Vassor College.
Messrs. Paine, Benjamin and other
members desired, after amendments,
for like provision in reference to the
institution in their districts,
Mr.. Maynard declined, and the bill
passed.
On motion of Mr.. Stiles, it was Or
dered that the House adjourn to-mor-
row till Tuesday.
Senate bill to grant the right of way
TO road through the public lands in
California was passed.
Quite a number OF private bills
passed. one, for the extension OF a
wood scroll patent, was opposed by
Mr.. Dawes, whose melton to table
was rejected-Sj to Sc.
The bill went over at the expiration
of the morning hour.
Mr.. Butler, of Massachusetts,, offered
a resolution requesting the President
to demand Of the British Government
under what pretense, right and under
whose order American fishing ves-
sells were arrested and detained in the
straits of Canso, on their way to the
fishing grounds, by vessels flying
British flags. Adopted.
House resumed the consideration
Of the funding bill. No amendment
was made to the second or third sec
;tiOns. On motion Mr.. Sehenck,
the fourth section, amended by strik.
ing out the words: "In the order of
their number and issue, beginning
with the first numbered and Issued. y
Mr.. Holman would amend the
fourth section by providing that FIVE
twenty bonds shall be paid in green
backs; and made an argument in SUD
port of his amendment,
MIR. Schenck argued that the aues-
ton was finally settled by the passage
of an act of the present Congress TO
strengthen the public credit, and de-
clared that the worst and meauest.
the foulest Of all possible Reputation.
would be now for Congress to ignore
and trample on its first act of Iegisla-
uonp
Mr.. Woodward contended that any
Judicial authority would decide that
hve-twenty bends were payable in
greenbacks under the law of 1862, and
cited the declaration of Thaddeus
Stevens to that effect,
Mr.. Schenck argued that if there
had been any ambiguity in the law OF
1862, that ambiguity had been re-
moved by the law of the 18th of
March, 1865.
Mr.. Judd moved to amend the
4th section by striking out the words.
(which in his opinion and discretion
can be conveniently applied to that
purpose" and inserting the words,
derived under the provisions of this
act" He explained the object by
stating that If this bill became a law
the Secretary of the Treasury might
withhold selling single four per
cent. bond, go to work TO redeem the
i've twenty bonds in coin, and he
wished such right to redeem the linn
tied proceeds derived under this
bill.
Mr.. VOORHEES, sustained the position
of Mr.. Woodward, and instsneed the
language of Senator Sherman In its
support.
Mr.: HOiman's amendment was re-
jected by 43 to 12S.
The Republicans who voted ave
were Beatty, Coburn, Orth and Tyler.
The Democrats voting were Barnum,
Brooks of New York, Randall, SIo-
cum, Stone and Swami.
Judd modified his amendment bv
inserting the words, (which NAV be
derived of the sale of any bonds of the
issue of which is provided by this
act"
Schenck moved to amend Judd's
amendment by preceding it with these
words, (which he may lawfully apply
tosuch purpose" on both amendments.
Agreed so to make the fourth section
read, :" that the Secretary of the Trea-
sury IS hereby authorized and in
structed to purchase with any coin in
the Treasury of the United States,
which he may lawfully apply to such
purpose, and which may be derived
from the sale of any of the bonds issue
of which is provided for in this act"
Mr.. Butler, of Massachusetts, moved
to amend the fourth section by forbid
ding the redemption of five-twenties
in coin at par until greenh backs are
convertible into coin, or until bonds
bearing less rate of interest can be
sold at par, for coin. A debate of
some length by Butler, Bingham, Al
lison, Schenck, Davis and Lawrence.
Mr.. Butler gave as his reason for the
amendment that under the 9TH section
Ofsaid bill all the gold in the country
might be borrowed by the treasury
and seventy-tive per cent of amo1nt
received in redeemiDg flve-twc wcnties
at par, although at the sa NJ time
greenbacks might be. ter., CN enty or
thirty per cent below par. Amend
ment rejected, 81 to I08.
Mr.. GriswOld moved to strike out
said section. Rejected.
Mr.. Cox moved to add the follow
ing proviso, that nothing in said act
be construed as conflicting with the
legal tender act of 1862. No further
amendments were offered 10 4th sec
ton.
Mr.. Butler, of Massachusetts,, moved
to strike out the 5th section, which
the treasurer to receive
gold on deposit and issue certificates
therefor bearing three per cent. inter-
est, and use seventy per cent. of the
amount in the redemption of out
bonds. He declared a more
dangerous and destructive proposition
had never been pat into a bill. 1t
would place the United States Gov
ernment at the mercy of foreign
bankers.
The following nominations were
sent to the Senate to-day:
Felix A. Mathews, of California.
consul to Tangier; John T. Robin.
son, of Tennessee, consul to Leith
Edward johnson, of South Carolina,
consul at Talquahano Charles T.
Thwett, sonsul at Rio De Janeiro;
Moses II. Grinnell, naval affairs at
New York; Thomas Murphy, collec-
tor of customs, New York; Thomas
Hillhouse, assistant treasurer s.
w. Oakley, United States Marshal
for the Western District of WiscOn-
sin; James G. Hopkins, Judge of the
Dit let Curt OF Wisconsin Noah