The States and Union. [volume] (Ashland, Ohio) 1868-1872, 1870-03-30

of, at least for the present, ignoring
altogether the question OF party
| a INcREATE OF CURRENCY.
TIE Ranking and CurrencysC Com.
mittee do not seem 70 be in any haste
to obey the order Of the House, pas.
sed several weeks agossreqniring That
they shall report a bill providing for
an increase of the currency to the ex.
tent of fifty millions. The Commit
tee had -another--meeting~ts-d ybai
did not decide to report the bill to the
House TheT Committee seee very
plainly that there is no use in submit
ting a measure of this kind in the face
of so important a one as the Funding
bill, for the House evidently prefers
Ito first testits fna1ciai views onAhe
matter. The Committee of Ways and
Means have decided nothing, and will
not til they hear the bank Interest
next week. y!1i i~"r> tsV "a
sBAlLsY's NEW fosk.r
Parties from New YORK whose stores
have been seized by Collector Bailey,
arrived here to-day to. secure Their
speedy release, maintaining that they
are innocent parties, and thai, the de
faulting Collector. left no evidence to
warrant the revenue officers id; holding
their business another day The Re
venue Bureau Is disposed to refer them
back to General Pfeasanton tie New
York Collector, who is authorized is
investigate the seizures and release
them. Somepf the, parties who have
fallen under b Jiley say thai his ar
bitrary course has injured their biisf-
ness, to- the extent of thousands Of de-
tails, and that in some instances it
will break them up entirely, Under
the law they say they haSeso recpurse
on the Government. - 5siH Fl
,7ser THE sPoLrGIhY bulls .E.
J There was an interesting discussion
jim the House to-day on the passage6f
a bill to prevent and punish polygamy
in Utah. Hooper, the deiegate from
that Territory made aispeech against
it andofa supporter the Mormon doc
trine, inotke courseso Of which he gave
a sketehof the Ppogresso of Mormonish,
,frum iItheh ftirnehitc 1was; driven frVmr
Nauvoo;tH Illinois; to its settlenieztsand
deHelopnentJof the Salt d1akecN Valley
He citedIa long histoyical paralled in'
defenseoof ths1feattlre 1f apolygamy in
the Mormon Church, 1tcommencing
'withiA ADAM. whom he declareda poly
.gamists because shef married all the,
women, in, the world Mr. Hooper,
however, while defending ,.polygamy,
does not practice, it as ,he has only one
vile. ...h 81 .IsHaf ..,.r .e+htf}''
The bilL,a As reported from the. com.
mittee, was a very severe one, provide
ing in the thirty-second- section for the
use ef the regular army in enforcing
the laws in Utah, and empowering the
President to enlist 10000 volunteers
in addition, but this was struck out
by a large majority. leaving the bill
confined strictly to the Jurisdiction of
the civil authorities. -. al
EXCHANGE OF BANK sEQURITIEs."
:, The President of an Eastern bank
had an interview with Secretary Bout
we'll today relative to the exchange of
bonds for banking purposess under the
newfFanding Bin! tie stated that
he held nearly n million Of Sis, and
hat; pending' the conversion of their
stock into tue 1.ewobonds, theyl
would lose 9the interest OH the same,
10 say nothing of the loss in market
value by throwing so large an ameunt
If bonds into the market at the time
he exchange is required by the bill to
De made. .f~ac. .iLtf iao'a vi II
, The Secretary. replied that he did
lot see anyigreaf hardship in the case
asa bank could easily make a
oan fora few days eto purchase thei
bonds, and then sell their olds
mes if necessary, As to the market be
ng flooded with bonds, there were only
wo hundred and twenty-five, millions
equired to be exchanged in one year.
md as this was a rate considerably
ess than one million, per day, he
there was no danger but what
he investment would, cover that
ime. The Secretary, say no reason
o fear ? financial panic from the pro
'osed change in the securities 3 the
'anks, and, could not therelo5s ac
ept the, suggestion. that the, clause
to the same in the, ifunding
i'll should be. changed. The latter 1
MEASURE was under discussion today +,
the, Ways and Means COMMITTEES, I