New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-12-18
CONGRESS.


ments -Arknmsas Election 9nvestiga.
siOn- French SpOlintiOn Biil-NIexicnu
Depreciation Commissioners = Credit
| MObiIf%r lnYesfiga tiOA = Atlantic and
tSrenG Western GRnaP Project No
More Double a&ates OF PPostage-Letter
CaHrier System in small Cities-PIacing
Ghe New loan SecSG4nry 9SoRtyyell
and Jay Cooke.
WASHINGTON, December i1.-~Se11Qie.@
| The following is the special committee on
internal improvements: Messrs. Window,
sherman, Conkhng, Amcs. lewis, Gasserly,
and Norwood.
Mr.. Rice offered a resolution 20 investi
gate the Arkansas election
TIE French sp0liauon bill was argued 20
! adjournment Mr. Sherman spoke fsd-
versely. and Mr. MorreH, OBJ Maine. tavog.
| ably.
Housc The bill for additional appropri-
| atIons !or comm ssioneT8 to inquire into
Mexican 3epredations was referred
In the House to day General Young of
Georgia offered his resolution regarding
the credit mobilier, extending invcstiga-
tions OF the committee to the losses suffered
! by his constituents from the Union Pacific
| railroad. Tie resolution produced cconsid-
cradle excitement in the House. ghe reso-
luton was chokeG ott by % call for the
regular order.
! 4uO i'OuoC SOulullUUtt OH commerce IQIS
morning heard the argument on the Allan,
tie an0 Great Western eanalS Much in
ttrcst vas manifested and the committee
room was filled at an early hour by 1Hrm-
bars from Alabama, Georgia and Virginia
Colonel B. w. FrObet0pened the case in
carefully prepared address, in which he
clearly pointed out the national Importance
and great need of this interior line of our
foreign trade; the evils under which our
home InGnAtPIpS GUtfpr, $ba VII; ;nI,
force Hhe manufacturers 80 seek protec-
Gion and the depressing influence 0p-
Grating against the South and the
West. He pointed out the cause Of the evil
and the remedy TO be applied, which he
stated were clearly see forth in dhe Bresi-
dents message, and closed with glowing
description OF the future TO this country
with ssvcrv sectiop of the United Statas
again in the bonds OF peace an6 good well
toward each other. a'he argument Was
listened 70 with marked attention
COlone. Price followed iB an able argp-
1nent On the beneficial effects Of this outlet in
regulating Ihe money market OF the Ootssa-
try.
The committee wilR sepore Size i5I2 az an
early day.
The views of fhess gentlemen astracs
attention as showing thas the South is tax !
ing a deep interest in the material pros- |
perity OF the country, and that she is look
ing closely into the question of national J
trade and finance, with the object not Of !
throwing obstacles in the way, but of her
self taking step 70 the music of advance
utut.
Colonel Whitley ana Generals Dubois
and Houng took part in the discussion, and ?
ably seconded the sffDEts OBJ Colonels Price !
and Frobeto ,
Mr.. Porter's bill PROHIBITING The collection
Of double rates OF postage where full rates
are not prepaid, was adopted by the House
Postal Committee today. Also the bill
establishing the letter carriey system in all
cities of 10000 population.
There weye NO Southern nominations 20
lay.
Secretary Boutwell, and pay Cooke 1ere
before the Committee on Ways and Means !
his morning jn reference to the funding I
oan, Mr. Boutwells explanation of the
700 OO00. 600 negotiation OF last ear was full
md complete. He showed that the alleged
oss Of interest growing out of the necessity I
II giving ninety days notice to the holders
u. the call bonds was practically unavoid- !
'hle under any plan that could be adopted
ince even with 1he money in HAND 10
meet the call, IL must first be realized
rom She sale 0t bondso which would
bear interest from the date of issue
lie further showed that the amount of "a
crest so paid, together with the whole cost !
i the negotiation including che engraving
md printing Of the bonds, was Pein bursed
o the treasury in the saving Of interest by
h" new issue up 60 .he first Of June last, !
nd there had been since saved over 81 ,Gy0.-
W IN the reduction OF interest. The annual ;
aVing from that negotiation amounts TO
2,OOoOOO, with interest annually accruing
nd compromising thereon during the term
f the debt.
The Secretary considered this plan the
that pOnlI ha IaviGaI inv ~