Daily national Republican. (Washington City [D.C.]) 1870-1872, 1870-03-16

relailoas Of the States 10 The Uulou. The
message was referred 10 the Judiciary Com
mites, is'IH Hyuisag 20
The Senate then, went into executive So.
siop, and amer come time spent thereln,
HOUSE, or REPRESENTATIVES,. ts1
rHH FUNDING MIL AIT
Amer the reading 81 tho Journal, hr.
schenck, OF Ohio, hiked unanlmous consent
10 take the funding bill from the SPEAKERS
table, and moved IL reference 70 Ways and
M. carried, Of Ohio, chairman Of the
Comnnat1e on Banking and Currency, OPP
posed the references, and moved that II be
rent 70 his committee. His committee had
similar bills having been sent to that COM
mlttee. II was peculiarly q measure to come
undsr the control Of the Banking Commit
teS ~ Il rented 70 Chat and not to Ways and
Means. Besides, the Ways and Means Com
mlttee had q large amount OF business on
hand and the BAnklng Committee could give
TIM more Confederation.
Mr.. Niblack, Of Ind, Inquired what the
COMMITTEES proposed 70 do In relation 10 the
resolution referred TO them Increasing the
currency any millions. sol
Mr.. GARFIELD replied that he did not feel al
liberty TO detail what the committee had
done, but for two weeks they had been con-
sidorlpg how tbey would best meet the de-
mandb Of the West for banking facilities.
A lower rate Of intereagWas Indispensable to
Increased banking facilities. s
Mr.. Niblack asked whether the Increase
was TO DO In national banking currency or
: M. Garfield said the resolution aid not
say specifically Of what the increase should
conalst, and that Wonld therefore be len for
tho House 70 Determine.
Mr.. schsuck argued that the proylaions
% he bill were Of q character such ~ the
ways and heana Committee should have
control Of. There was nothing In the bill
that referred 70 banking except few last
clauses, aud 70 claim that ths Banking Com
mittee had Jurisdiction was making the tall
Of q measure control the body, while Il was
ordinarily ths case that the body controlled
and managed the tail. There was ne force
Ia tho argument that the Committee on
Banking had already been considering bank
Ing questions. II that gave claim upon
the bill, he would say that he had prior
1 dlAin, because some OF these sections had
been prepared by himself long ago, amer
consultations with the Secretary OF the
Treasury.
A COMMITTEES could have no claim upon a
measure, because they had been dabbllng In
that with which they had no business. With
4
work OF the Ways and Means Committee,
Mr.. scheuck said he was not aware thai
committee had not yet complained Of IT.
work. The committee would not shlrk any
responsibility imposed upon them.
Mr.. Judd, OF Illinois, argued that the bill
was not one that implied any duty that do
yolysd upon the Ways and Means Commit
tee. II was not 10 raise new revenue OF
create a new debt, but u simply provided fol
an exchange Of eecurltles, which change In.
volyed the entire basis OF the banking CAPT.
tai Of the country and Il was q forced con-
struatlon OF the rules TO claim that bill
merely TO change securities had anything "a
do With tho RAILING OF the ways and means
for the support Of the Government a. II wal
understood by the Ways and McanS Com
mittee, and Mr.. Judd had read the rules Of
the House declining tho relative duties Of The
COMMITTEES. N
Mr.. Wood, OF N. Y, said as he was not q
member Of either Of the committees now
contrasting, ho bad no personal interest ID
/ the matter, and could speak with impartial
ity. The Ways aud Means COMMITTEES wa
as old as the Government, while the Bank
Ing Committee had only sprung up 40 ne
cesSlty during the war when the natlona
/ banks were established. Tho latter was fo
n specific purpose. This bill, he contended
was one to raise revenue. II provided To-
funding the debt at lower rate Of interest
Il proposed TO 20 TO Europe to have q new
loan taken, and this was virtually causing I
new debt. II therefore properly belonged Il
the Ways and Means Committee, as thu
banking clauses wero only incidental, ant
he should vote 10 refer Il to the Ways ant
Means Committee. ........
Mr.. scheuek said that II this bill was 70
ferred to the Banking and Currency b,
| would look upon II as q vote declaring
want OF confidence In the Ways and Mean
Committee.
Mr.. Randall, of Pa, argued that tho bill
related TO Reduction OF taxation. Ever,
section Of the bill looked to that end, AMI
Il therefore should GO 10 the Committee o
the business interests Of the country whel
he stated that the banks needed reposej thh
measure ought TO be POSTPONED q year.
Mr.. Garfield said that he had boon greatly
surprised, and he regretted that anything
had occurred 10 cause any feeling In TIL
matter. He regretted that his colleague ha,
brought the personalities Of the COMMITTEES
Into the discussion. Tho argument had beel
used that six sections Of the bill related u
funding and only two to banking. The bill
he said, had no power for funding exeep
through the compulsory power Of the Gov
eminent over the banks. The major featur
OF the bill was that the banks were com
pellS to take t500, 900, 900 Of tho bonds
while othsn were permitted 10 do tho same
The House then proceeded TO vote upol
Mr.. 0arneld'e amendment TO reffr the bill
TO the COMMITTEES on Banking and Currency
On . yiUa Soes vote The Speaker declare
tho motion lost Il rn. LsriLI
Mr.. GARFIELD demanded division, an
subsequently, tsllern, with tho zane result
Tbs goie BY tellors was yeas 05, nays 70.
, | The Mn Waa Than raferrad IN Inc Com mill