Daily national Republican. (Washington City [D.C.]) 1870-1872, 1870-02-01
Torly-FIfiIrsi Coagrclls-,Sssjnd Regular SsnlOn


$500 "'| 1aPytATRl7 lI- hff 1'H
MONDAY, JAFuARY 81, 1870,
The Vice President laid botoro thc senate
a communication from the Secretary OF the
ganizatiof Of marine hospital service Re
M. sumner presented memorial Of citizens
of Kansas asking that measures DO, adopted
to secure homestead 70 those perIons who
were formerly alayes, Mr.. 8. said he had
always held tho opinion that an essential
part OF reconstructlon was TO give each
freedman piece q land aud he hoped u
Mr.. sherman with, great pleasure pre-
sented resolutions Of The General Assembly
OF Ohio ratifYiug the nfteenth amendment,
rejecting, no believed, the sentiments, of a
vast majority OF the people Of that State.
he was also gratlhsd 10 being able 70 state
that the her rs'iS M, was effected Y s strict
corded himself Ia favor OF this great prin-
clple. -,
be printed. .'' ''la
Mr.. Ramsey, from tho Committee on Post
Offices, reported with amendnents the bill
to incorporate the National Postal Telegraph
Company. $4,000. .-. ., - -...a =.
Mr.. Morton introduced ajbll to admit tho
State Of Mississippi % representation In Con-
gress. Referred 20 the Judlciary Committee.
Mr.. Patterson introduced bill to incor-
porato Savings Rank In the city Of Washing
ton. Referred to the Committee on the Dis
trict Of Columbia lfffEI r. INN
Mr. Howard Offered a resolution calling
upon the Attorney General for copies Of any
opinions Or Instructions he may have grant
cd TO any military commanders since the
passage Of tho last oct relative TO Georgia,
and particularly any Instructions relative 10
the eligibility OF tho members Of the Legis-
lature Of Georgia. Adopted. ~ W p
On motion Of Mr.. Morton, the President
was requested to communicate 10 the Senate
any information he has relative 10 the recent
election In Mississippi and the action OF the
Legislature relative to the fifteenth amend
mont. .a-. a-" A"'.' q
The currency hill was then taken up, and
MIR. Morton withdrew his amendment to
place the additional amount Of bank clrcn-
latlon at S62, 100000. or 81 L1.,lzi
Mr.. Sherman offered an amendment that
any bank looatedln any State having more
than, ts proportion'of circulation shall have
liberty TO remove TO any State which has
lest than lts proportion Of circulation, Mr..
Sherman made this amendment In behalf oil
the Finance COMMITTEES II bad heretofore
received the approval 81 0pngreeS sud II
was thought there would DO no objection
TO Il.
Mr.. Warner moved as provlSo that the
provisions OF this section shallnot' 20 toto
effect for six months Rfter Tho passage OF the
act
Mr.. Abbott offered au amendment declar,
ing that no construction shall be- put upor
tho section as to authorize tho circulation o
any bank which may DO removed Into AM
State being deducted from the quota whiel
any State May DO entitled TO under tho add
tioual circulation TO be iSsuedi which wa
The amendment Of Mr.. Warner was thsi
agreed to. r.r.g.s| ..a. Hna % 3
Mr.. Conl,llng said IL there was to DO AMI
complaint In regard to this matter II wouli
more properly como from those States WherI
the banks would be removed from, and no
from those Into which they would DO re
moved. 7"w Na. r-'ha'
Mr., Crugin said AFTER all the great com
plant that had been made against the New
England States Of having too much bankini
capital, no was rather surprised TO hear tn
representatives OF the South and the IVES
expressing opposition to having more thar
forty-nye millions increased circulation. II
had thought their desire for more clrculattoi
was for the benefit OF business, but Il seem
that II was that q few men might max
money. But these gentlemen need not b
alarmed. There was no, danger Of. tn
banks of New England or New York goinl
down there to beg tho privilege Of loaniu
them money.
hfs rOWlcr dlu not MINK O more ubelehi
more worthless, moro pernioious set Z
institutions had ever been organized tina
these national banks. They were nothln
but shaving shops, and he did not thin
their notes were any better than greenbackl
Mr.. Cole thought the whole national banl
ing system q failure. p Lgt TOO II
Mr.. Wilson also thought the whole systeI
was wrong and unequal, and he hoped
system OF free banking would be institute
at once. l,T y. gee d. 'hN
The question, after further debate, wa
taken on tho amendment a. amended, Whe
II was agreed to--yeas 43, nays 10. 1ie.
Mr.. Chandler moved to provide that ID
amount OF national banklng calculation b
increased by 800 900 900, and to provide a
equal amount Of greenbackS. He said tina
white the amount Of currency would not b
changed In the least, IL would bring Us elQO
100000 nearer to specie payments.
Mr.. sumner. There il salvation 10 that.
Mr.. Chandler. or course there Is.
Mr.. Williams said the true road 10 spec
payments was the national banking syIteu
Mr.. Patterson said II was . very impor
ant question as to the manner In whlC
these ,gresnbacks should be funded. tn
subject was now under conslderRtlon by q
COMMITTEES, and he hoped this bin would n
be complicated with such question.
Mr.. Morton hoped the amendment Woul
not be adopted. It would endapger the bill I
bring this question Into Il. % ~ +.'
Mr. sherman accused Senators with Of
deayoriug to thrust outside issues into n
bill. The question Of retiring greenbaol
and In what mode 10 refund them won
open up food OF debate. Tho flnanI
Committee wero now preparing q oompT
heusIye funding bill. and he hoped Z
Senate would walt until that was report,
He also opposed the amendment Of III
Morton, which he said was simply an IND
tion OF tho currency. After further discu
slon,the amendment Of Mr.. Chandler was !
jected.
The question was thou taken on the amor
ment OF Mr.. Morton, which had been !
newed, TO make the proposed inerease OF
culation S52, 900, 900.
Mr.. Chandler said even 70 Increase It
seven millions over the copmlttee's reco
mendatlon would be SUFFICIENT TO Send SC
up largely. I'll .ss....g
should signify Its desire on the subject,
Senators seemed to think q return to spec
payments was so desirable to the suprel
Court, and no doubt that Couft would rC
der decision declaring tho legal'tender Z
unconstitutional, D. ..... ,-.-. o.,
Mr.. Cameron thought there would DO
trouble about return to specie payments
the banks were separated from the Cove
ment and the Government was sopaTai
from the banks, He had had q bank witt
capital OF st00, 900, aud at tlues eircu
tlon OF 5000, 900, and he never had any dl
Guilty In getting along. But the GoVernmS
had taxed his bank out Of existence
Mr.. Wilson moved an executive sesslI
ReJected-ayes 81, nays %. H-1
Mr.. Conkiing believed that Admlnistrat
rather than legislation was tho need Of
country now. o.. 4ara aloe. ..f.r..
Mr.. buckingham obtained tho floor, a
stated that he desired TO speak generally