New-York tribune., 1870-02-04
XLIsT CONGRESS-2d SESSION
SENATE. WASHINGTON, Feb 8, 1870.

ntee on fnauce reported tue Following plu 10 autnor
izo the fundng and consolidation Of the National Debt
extend banking facilities, and TO establish specie pay
nents
b enacted &C. That tr the Of fOudur the debt Of ,ss
eSsnry aud he hereby authorized iue the credit ofthe
shan So m he msy think proper to an amount exceeding
eco eemab The pleasure the Government any
beszieg interest at the Of Eve Pcreenium
ned may disposed discretion Of Secretary. under neh
" be shall prescribe sset 10 the ua',s s',e, or '
changed for the outstanding bonds Of equal aggregate par
purpose proceeds be dis
soed o .e shan be psced 70 :ss IreasG 70 DC SseO I % % %
change or 70 replace such amouui Of coin as may have been USED LOT
sse That the Secretary Of The Ts9 be and he Se,ts a
bonds Of such denominations not less than
ESQ he think proper renabe in coin at the pleasure OF The
Om date aud bearing not exceeding four aud per
cent per s1Eei parable 's.sa1O'T he con- d.pcsed Of
uOder such regulations the Secretary Of the Treasury shall prescribe
exchanged par outstanding Obgs,ons the
bearing higher onteres cu and the proceeds
may sold for shall be deposited the Treasury
90 be used for the redemption Of such Obligations bearing interest con
~ the ofssue become etmabe or payable OF 70
replace such coin may ba7e been used for hai purpose
the credit Of the United States from time to time eoa
,q gT sb SS6y 10 The mT of oco rSee@sbs IN coin At
th pleasure Of the Government at time after yea and paya
per payable ,minnusy and such bonds
b disposed q either n the Ua states r At not less Wan
r United states notes may be eTehanged at not less than
se of The issue Of e6 bonds opinion the Secretary
S we bonds m ssy Of e Sro bsTeH or stTaiter rsced than
be otherwise authorized BY this section Of this se such further
aggregate Deb, United consequence OF Issues
bonds authorized by this shall be exempt from all
tAIaOn BY or under National state muncpa or ioea aninoTy
Treasury Of United States the onc Of The agent Of The United
States either London Paris Amsterdam Frankfort
dollars the equivalent thereof IN sterling money IN francs or In
SEc That the Secretary Of the Treasury and hereby
thod appoint such agents in the United States and IN Euope as he
authorized and tho conditions thereof IN such
l purpose exceeding centuw Of The bonds
hereby appropriated TO pay the expense Of prepar
iug issuing aud dsposug Of the
Src That ia order to ey the provisions Of,he 6h
o. 's h @ tbs rsd states spproe Jniy IS s9 reaas
yed from imported goods the Of $0OooO annually which sum
and 70 the reduction otbe principal public the United
sow held n The Treasury shall be cancelled destroyed detailed
thereof being first made the books the Treasury Department
be cuced ard destroyed and full and detailed account OF the
15y ofib TeaHr 70 Congress h s snaas poT and the asge
gse bonds cancelled ud bs be stated the
SIC g. That after The day Of october 1870 Registered
Of others ba be deposited with the Treasurer
the Uned states as seuI or The notes issued to National Baks
National secured by pledge Of Cuted states bonGs ard 10
fs6l ami ali National Banking organized said
thereof hereby required deposit bonds issued
nnder ts act as security ioF tHr circulating notes. "D one year
from the date Of the passage OF tins acts IN default OF
Sd and the Treasurer and the Controller Currency shall
authorized aud required TO take such measures may be necessary to
hei IS security therefor to Toe AS'a9n % Sg's ly were Sspo
IN + oPS1 sg " e. . o % is Bf TO 'ls DoSt 0SII .g
sender otes United the Of
m outstanding ereuqo9 and take up tbe bond pledged 70. m re-
tbe bonds hereby authorized on which the m1 man rate
interest Is tIed At :. or per ee1iom pei annun. ,,
esye from the Controller Of the Currency uodeT the provisions Of sec
uon 2 Of said Act may equal but not exceed 80 per n'a OF the par
value Of the bonds deposited but shall not exceed 10 the aggregate the
which such bank may be entitled under said section
SIC u aa o. % 55 saGs @ T any dS5Is.y BaSS 3 AG9 5 ,9
amendao thereof depong with the Treasurer OF the
equal of United Of the kind and
Poos [ S % 10y ssSn notes e ' and AT 6eI1po I & sSb BssI
ing Association shall be entitled to receive circulating notes upon
Carrere acts ard wbou, respect to The limitation aggregate
equal souat and destroyed
the members Of the bar of Indianapolis for increase in
the salaries OF the Judges of the District Courts of that
THE MARINE HOSPITAL SERVICE.
Mr.. CHANDLER ReIf, Mich) introduced bill to
for sick aud disabled seamen. Referred.
Resolutions offered and adopted as follows:
A NATIONAL POLICE.
Mr. ABBOTT Rep, n. C)-Setting forth the occurrence
of frequent violations OF the public peace III various
ery by the Government the right of every citizen,
and insructng the Committee Judiciary to inquire
citizens within the limits of such States and TO report
what legislation is required; and especially to inquire
the oonsttuOnaty and expediency Of establishing
national police force for the better enforcement Of
the law.
On motion OF Mr.. MORRILL, (Rep, MeJ the joint resO-
luton authorizing the Secretary of the Navy TO transfer
the Of the Bureau OF Construction and Repairs OF
Steam gDeenng such appropriations TO the credit of
the other Bureaus in that department as may DC
Mr. SHERMAN sep. OhIo) said that at the last session
Congress approated az the money deemed d necessary airy
the Navy Department went on TO contract an expendi
ture OF twice the amount appropriated The extent 10
which the Department had gone III making transfers OF
money without previous specific legislation by Congress
shown by the fact that upon books of Treas
ury IL appeared tat upon July 1863 there was sl3OW
among the Departments still unapproprated and
eNpehqeu. vi tIIs 3houht, sItVVVW DelOhgeo 10 the
Navy department. lie proposed that Congress should
only put end 20 this practice Of the Departments
transferring appropriations from source
another but should provide for carrying all the unex
pended balances at the end OF each fiscal q
plus und from which appropriations could be made by
special legislation lie favored the present Dill, as II
enable the Government 10 proceed with the work
incomplete in the various Navy Yards which, If left
in ts present condition, would be liable 10 injury from
neglect and decay and iDfct loss upon the Government
Mr.. CRAGlN Rcp., y. H9 SAID that the Secretary OF
the Treasury had early in the session. called the aten
ton of the Naval Committees of the Senate and House
men in NayyYards employed under the Bureau OF
Construction aud Repairs. The present object was TO
authorize specific transfer that the present force of
wOrueu. reduced to one-haf its former size, might
b. continued.
priatIOn OF money from the Treasury amounting 10 S.
100000 because, although the amounts 10 be
gress, the money had been actually taken.
The Senator from New-Hampshire GIr Cragln had sd-
Vocaed the bill upon the presumption that its passage
necessary IN order 10 keep some 1000 workmen III
the Navy yIaIds at work But what the reason, he
asked that after going through aud spend
hundreds Of thousands of dollars the construc
OF anavy when peace had come, 1900 men were
10 be continued IN employment for the construction OF
new vesselsf
Al this point, the morning hour expiring, the subject
temporarily lald aside, and the bill relating 70 an
extension OF time Or the completion of lateral road Of
The Baltimore and Potomac Railroad, extending % from
" ashinston 10 Baltimore was taken up. Mr.. MORRILL,
Rep VI withdrew his objection TO the bill, and IT then
passed. -
The Naval transfer Appropriation bill was then pro-
ceeded with.
Mr. CRAGIN, Chairman OF the Naval Committee, ad-
uitted that the Navy Department had, In the beginning
)f the present fiscal year, employed III the Navy Yards