New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-03-14
WASHINGTON.
GEN. BUFFERS NEW CURRENCY BILL-GREEN-
BACKS CONVERTIBLE INTO BONDS AND VICE
VERSA AT THE WILL OF THE HOLDER-THE
MEANING OF THE HOUSE ADJOURNMENT
RESoLUTION--THE COAL QUESTION.
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VERSA AT THE WILL OF THE HOLDER-TTE
MRANING OF THE HOUSE ADJOURNMENT
RESoLUTION-THE COAL QUESTION.
10y TELEGRAPH TO THE TRIBUYRl
WASHINGTON, Monday March Is, 1871
Gen. Butler has elaborated his plan for the convert
bfity Of greenbaeks into bonds and rice at the
pleasure Of the holders which he advocated three years
ago. and to-day introduced bill embodying his IDEAS
The bill provides for the preparation of bonds OF the
United States OF the denominations Of 500 and upward
bearing interest at the rate OF 6510o per cent per
annum said bonds to clearly the night Of the
United States to change said rate OF interest
after notice by the Secretary OF the Treas
ury shall have been given and eonspicuously
posted in the Offices Of the Assistant Treasurers
OF the United States for year prior to such change
said bonds when prepared aforesaid shall be lodged
with the Assistant Treasurers in amounts proportional
the business OF their respective Offices, at the dis
erection OF the Secretary of the Treasury and shall be
charged to said Assistant Teasurers the books Of the
Treasurer of tho United States IL shall be the duty OF
any Assistant Treasurer to countersign, dale, ana
deliver said bonds in sums of slOo,or any multiple
thereof to any person who may pay therefor their par
value in legatender of the United States. Wien
any person shall demand Of any Assistant Treasurer
redemption of any Of said bonds it shall he the duty OF
such Assistant Treasurer TO pay in legaender notes,
which tho Secretary of the Treasury shall furnsh 10
him for that purpose, the principal Of said bonds with
accrued interest thereon and TO cancel and forward e
bonds thus redeemed to Washington forthwith in such
the Secretary Of the Treasury shall prescribe
Considerable difference Of opinion exists here tonight
to the meaning OF the vote in the House to-day on
Mr. Dawess resolution to adjourn sine die on Wednes
day OF the 40 and Republicans who voted IN the
Affirmative some did through fear Of unwse mscela-
legislation, such wholesale reduction OF the
tariff; some because they do not believe that any
measure for the relief Of the South can be passed. and
q few because they do not think that any Is
necessary. When bill prepared by the Joint
Committee is fairly before tho House, however, Its
friends believe that they will be able TO unite the party In
its support Two things spoken Of in this connection
ny the more Conservative Republican Representatives.
The first is the opposition thoy do not hesitate to ex
press any such proposed by Gen. But
ler transferring judicial process and power from StHe
10 Federal Courts and creating, Gen. Buffers bill
does, code Of new oenses and punishments therefor
Those who oppose bills Of this character seem generally
10 favor the suggestions made by Senator Scott
and Mr.. shellabarger, which authorizes the Presi-
dent to suppress these sedtous mlnifosta-
lions OF Ku-Klux combinations. The second cause
operating in favor % early adjournment is the belief
which some do not hesitate TO express that the KuKux
agitation is being used by certain gentlemen to delay
Congress here until the return Of the Santo Domingo
Commission will enable them to bring up the question Of
annexation. The Republican Caucus Committees were
In joint session this morning. The majority favored
simple bill like that offered by Judge shellabarger. Gen.
Butter pressed his own measure with his usual force
They adjourned till this evening with the intention OF
completing their task and framing satisfactory bill to
he submitted TO the Senate caucus in the morning.
Some Of the Democrats from Virginia and North Caro-
lima are already repentng in hguratve sackcloh and
ashes their rash and suicidal votes to-day on repeating
the duty coal The bitumnous coal OF those States ID
nearer tide water than that Of Nova Scotia and Senator
sprague who has used both, Is the authority for tho
statement that the product Of the Virginia mines
is worth u dollar a tun moro than the for
eign coal, while that of North Carolina Is more
valuable still. Steps have already been taken to
develop these mines and place their products ia tho
Eew-Engand market, but the action OF the House to-
day will prevent anything further Ia that direction for
the present The leaders Of the Democratic side were
Boosting to-day of their splendid organization, which
commanded the solid vote Of the Democratic delegations
States in direct opposition to the interests Of
their constituents and tho gentlemen Themselves are
only hoping that their friends at home may not hear
what they have been doing.
The Supreme Court not In session to-day; but II
is reported that it has decided to rehear the legal
tender question: and has given leave to the Hon.
Carkson N Potter of New York and to the Attorney
General to argue the question during the term. Mr.
Potter was counsel in the case in which the law was
decided to be unconstitutional.
The economy Of the provisions made by the last Con-
gress for commencinga new Government building for
the State War; and Navy Departments is shown by the
fact that the Government Ks renting 80 buildings,
great and small this city for which the annual rental
OF S83 800 is paid OF this the State Department
DAYS SIS OOO the War Department 1880 the Navy De-
partment s292O the Treasury Department 200 the In
terror Department SCI Co., the Department OF Justice,
So and the Coast Survey $4,000 The money paid for
rent of Government Offices in Washington during the
past ten years would hare erected building large
enough TO accommodate all the bureaus and offices for
which quarters now rented
Gen. Walker, Superintendent OF the Census viii send
TO the printer tomorrow preliminary report, embracing
returns from eighteen States. All the returns now
in except three States and from these only partial
returns missing. The returns from one county In
Texas were burned while their way TO Washington,
and this will necesstate the retakng OF the In
that county and consequently delay will be occa-
stoned. The prompness and industry OF Gen. Walker in
perfecting this preliminary report In less than nine
months from the time Instrumentation began occasions
general commentator. 1t Is stated that the work con-
soidatng the returns Of never before per-
formed with so much prompttude
report made to Congress by the Secretary OF State
shows that the total number OF immigrants arriving in
this country with intent &c remain, during the year end
ing December 81 1870, 2o27s, OF whom Great Britain
furnished 1884, haf-the Irish emigration not
being reported separately Germany, s3,iG-iess than
onethird; Sweden and Norway, 14,l33. China comes
fourth sending II 1853; Canada sends but 2i9.
THE TARIFF TROUBLE IN THE HOUSE.
To the Editor OF The Tribune.
L d. l. 30 a oil al