The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1871-03-20
/ wAsMINGT0Ne n
DEMOCRATIC cArcus.

Gratis held caucus in the hall Of Represen.
tatiyes, remaining in session about three
hours. Mr.. Wood, of New York, presided,
There was general discussion on the
Senate joint resolution for committee to
investigate the affairs of the South. It being
suspected by several of the speakers that
the words therein "to report at any time"
might he construed by majority of the
committee as authorizing them to report at
the present session, and that they might do
SO briefly, and introduce bill relative to
southern affairs. A copy of the Senate re-
solution having been procured, it was ar
was not susceptible of such construction.
Mr.. Cox offered q resolution that the
caucus agree to vote for the Senate Joint
resolution. Mr.. Campbell offered an amend-
ment to concur in the resolution, with
modification. so the committee shall not
report before next December. Mr.. Cox
accepted the amendment. Mr.. Young
moved the resolution be rejected, but the
motion was disagreed to, and MIR. CoA's
resolution was then passed. If the joint
resolution shall not be so amended by the
House, the Democrats will be considered
free to vote for or against it in its original
form.
THE PROSPECT AHEAD.
There seems to be an increasing DISPOSE
ton OH the part Of the Republicans to adj
journ next week, the Democrats being sure
10 help them in so doing. The resolution
Of the Republican caucus instructing the
Committee on the Judiciary to report bill
for the protection Of life and property in
the late insurrectionary States is yet to be
acted on. 1t is doubtful, however, whether
that committee will make 4 report during
the present session, and there Is no pros
pect of the passage Of Buffers biH.-1elc-
gran, in Baltimore Sun.
THE BANKERS AND THE LEGAL-TENDERs.
| A large number of banks and bankers of
| New York, representing 100000 Of
capital, have recently, in formal manner,
requested the Secretary of the Treasury to
submit for the consideration of the present
| Congress plan for the redemption or con-
version of the present le.al-tender notes by
issuing therefor, "at the option of the hold
err" bonds of the denomination of 81 600
and its multiple, to be made payable on de-
mand in said legal-tendcr notes, which shall
be held for the purpose Of such reconver-
sion, the bonds TO bear interest at the rate
OF $50 per cent. per annum also that per-
mission be granted to the national banks to
count said bonds in the reserve required to
be kept by law. This proposition includes
the substance OF Gen. Buffers bill.
VIRGINIA CLAIM.
In the United States Senate on Friday
last Mr.. Johnston introduced bill to re-
adjust the claims Of the State of Virginia
| for advances made to the United States
during the war Of 1912. Referred to Com
mittec on Appropriations. The same day
| the Nlce-President announced the APP
pointmcnt of Mr.. Johnston, Of Virginia, as
a member Of the Committee upon Educa-
ton and Labor and Manufacture, vice MIR.
Blair, declined further service.
THE KUKLUx BILL.
The Washington Patriot of Saturday
says: Mir. Sherman's resolution of in
struction to the Judiciary Committee
to report kuklux bill was not brought
up at all in the Senate to-day, although
it received the caucus endorsement
yesterday. Various are the rumors
atoat in regard to this. 1t is asserted
in some quarters that the Radicals have
concluded to abandon any idea of further
legislation affecting the South, beyond the
organization of the joint investigating com.
mittee, in consequence of the impoSsisility
of securing anything like harmonious &C.
ton among themselves. A very prominent
| Radical member Of the Judiciary Commit
tee is reported to have said that, no matter
what instructions the Senate might give to
the committee TO bring in kukluX bill, he
would do uothin. of the kind, so far as he
was concerned ! But Mr.. Sherman himself
says that his resolution is to be brought up
in the Senate as soon rs the appropriation
bill is passed, and that he expects debate
OF several days upon it.
THE NEW LOAN.
The total subscriptions to the new loan
10 date are $780,, 800. The amount oil
Fridays subscription was s., $780, 800. The
officers of the various divisions having
charge Of the work of placing the new loan
are already up to their eyes in the bust
hronahout the department at the alacrity
with which the loan is being taken. The
largest portions of the subscriptions thus
fur have been made by the national banks.
| Washington letter.