Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1870-01-27
CONGRESSIONAL.
SENATE.

| SENATE
WASHINGTON, Jan. 26.-Mr. Harlin pre-
sented the credentials of his colleague Jas.
B. Howell, to fill the vacancy occasioned
by the resignation Of Senator Grimes. Mr..
Howell took the oath.
Where Uncle Sam is Going.
The Vice President submitted a Joint
Resolution from the Legislature of
Arkansas, asking the removal of the capital
ofthe United States to the Fort Leaven-
worth Military Reservation.
| Amendment XVI.
Mr. Pratt presented g petition from
| 8, 200 citizens of New York and other
States for the amendment to the Constitu-
ton extending suffrage to females.
Salaries, Pensions, etc.
Also petition from Thos. A. Hendricks,
and other members of the Indiana bar, to
increase the salaries of Judges of the Su-
preme and Circuit Courts
| Mr.. Morrill,, of Maine, from the Com
mittee on Appropriations, reported to the
| House the invalid pension appropriation
| bill, with an amendment striking out the
clause covering the navy pension fund into
| the Treasury.
Mr.. Buckingham introduced bill sup
Elementary to the currency act of June 8,
1854. 1t authorizes free banking under
that act.
On motion Of Mr.. Edmunds, the Senate
took up the bill for the disposal of lands
embraced in the Fort Ridgely reservation.
The discussion continued until the expira-
ton of the hour, when the bill was recon-
mittsd to the Committee on Public Lands.
The consideration of the currency bill
was then resumed.
Mr.. Corbett spoke in support Of the bill.
MIR. Sumner opposed the bill, asserting
that the redistributing of the existing cur
rency could not be made without serious
consequences to the business of the coun-
try, and would not materially aid financial
reconstruction. This bill presented simply
questions of enlarging the national bank
currency and regulating the system of free
banking founded on coin notes. These he
claimed were inadequate for the purposes
to be accomplished.
Mr.. Sumner offered an amendment to
substitute for the first and second sections
of the bill, provision for the enlargement
of the National Bank circulation to $780,
600, 600 ndits equitable distribution, and for
the withdrawal of greenbacks for every bank
note issued, ultimately leaving the bank
notes only in existence.
Mr.. Sherman replied in defence of the
bill, that the effect of Mr.. Summers amend
ment was todefeat the pending measure, by
complicating the pending bill with the
general question which was brought up
by amendments he had offered. He advo-
Gated the bill as a measure OF justice.
Mr.. Thurman opposed the amendment
and also that part of the bill which author
ICES free and unlimited banking in the
country for all time to come. He believed
the remedy in regard TO the equali
cation of the present volume of currency
in reality would perpetuate the evil which
had originated under the illegal admins
tration of an act of Congress, and would
make it more difficult Of equalization in
future. New England, with oue-tenth the
population Of the country, would still have,
under the bill, nearly third of the cir
culation. This bill did not propose to take
one dollar of the circulation from that
section
Mr.. Morton gave notice Of an amend
ment to increase the amount of additional
circulation to So, 900, 600 instead of A.
100000. This would prevent any conten-
ton growing out of the withdrawal of the
reserve necessary for the new issue OF bank
notes which would be $50, 900, 600; SI3,-
100000 additional would also be taken
from States in excess Of this amount which |
shall be demanded after So, 900, 900
have been exhausted