, 1872-12-13

'Ate1t' Nfr rARPENTER OPPOSED tho bill as he ba1
onnosed the Chicago Relief Bill, on the ground
tint it Was unconstitutional. ,,.
Mr. LOGAN favored the bill He denied tnak,
it was humbug, and said that the passage ot:
the Chicago Relief Bill Was one OF the strongest'
Inducements to prompt the rebuilding OF Chl~
cage, Ill.,, I'm 4,,a SANTA at 4,
o'clock .. NJ, went into executive session, and
soon after
Adjourned
HOUSE.
The Senate bill authorizing the National Bana
Of Lyons. Mich, to change its location and name
| Was passed.
EXCHANGING BONDS.
I Mr. DAWES, from the Committee on Ways and
Means reported bill authorizing the Secretary
| OF the Treasury to issue coupon bonds Tor oA-
| change for registered bonds. the expense OF the1
| change to be paid by the owner.
hfr. Dawes explained that, while the Secretary
| had authority now to change the coupon boass
into registered bonds, ho had not correla5lsc ~
| thority to change the registered bonds INTO
| coupon bonds, and consequently the latter class
Of bonds, on account Of their facility TOR trans
fer, commanded higher prices IN Europe 1haa
two classes On an equality with making them in
Interchangeable. The only effect Of the bill was to
remove the present obstacles to the negotlablhtS
Of registered bonds.
MI. BURCHARD Ol.) remarked that the OBJ
jections which we're supposed to exist to the e@-
change Of the registered bonds into coupon
bonds we're proved by experience to have no
weight. The Secretary Of the Treasury, Who
ought to know was advising the measure. Cc'l-
pom bonds to-day bore higher market value than
registered bonds, showing that there were 20
! spurious or counterfeit bonds in circulation 70
affect their market value. It, therefore, seemed
to him that both the people and the Treasury
Department confirmed the views suggested W
the Committee Of Ways and Means.
MIR. COX N. - aaid his objection to the cil2;
) is this: 'S do not want to aggrandize the poS-
e1s of the Secretary Of the Treasury, and farther
do not want him to give any greater faculties
to people to go in and speculate. after ai c'r
bickerlng here about currency and bonts, "o
, will be bound, in the end. to come to the only
. panacea, and that is the resumption OF spe1:T
: payment. Gentlemen ought to meet it IN t. 3
next Congress- at least, if not in this. 7 see it.
! stated il the newspapers that the secrs-
. tary Of the Treasury intends to put cr1
the market the FIVE per cents and tho four and q
per sent and tn TIKI the the ree
3 Of them without further legislation. I want to
know why it is, that in this bill! no restriction IS
s placed on the Secretary Of the Treasury. He
his pleasure; he can keep stacks Of them on
6 hand; they can be used at any t&lo
Q in certain emergencies in the money z
market This blu wl not stop sPecula4f1ons 4
retary Of the Treasury should be held to 1egaE
t, restrictions: and not allowed to step over tho
|, law Us he has done in other cases."
not see that it effects the power Of the Secretary
IT Of the Treasury to issue now bonds, or that II
has anything to do with the .syndicate.' 1t
places two classes OF bonds on the M same 1ootngJs i
or The discussion WAS closed, and the bill passed
Yeas 1866 nays, u.
Mr. BECK. from the Committee on ways ana
Means. reported bill for tho relief OF Messrs'
ID eFence ecaaes t to their 2l distiilery Passed.
~ THE BOUNTY LAND BILL.
fonl- l-11r,th ia
an an BURN, STORMS. NIBLACK, HOLMAN
o. sToUGHToN, and sHELLABARGR, chiefly he w Il
aa | ton Of A1r. HAWLEY Qllinois) to 1ecommit th'
-. bill. Nogatived: Yeas GO; nays, sc:
a. The substitute offered BY Mr.. HOLMAN 17a
iar adopted: Yeas, 1o5; nays, g. The substitute
& s Usss ssEss ssa aasn
charged including the troops mustered into the eeI
aG m apf n5a
OF completing the defences OF Washington and for othe
Feb 3 asS2 ama eyed @
the navy Of the United States or in the Marine Corp
'SS the lae a for ninety days and Tho vas hor
soldier nea9 ao n;s no o. oeeF 4 1ns1
,rt public lands not mineral not exceeding no acre.
nn Tn!t to le9 subdiss1ons including The ae1nste
m sections Of public land along he hneM ~
gh rai1road other public WORK. or otner on snpct
he entry under the Homestead laws OF the United eaee:
mt and receive certificate Of such entry without paye1
n1d | Of any Government fees. .
~ SECTION 2. That such entry shall be made n n
~ Of the person entitled as above to make "a
ID sane person by AGENT under such regulations
oW Secretary Of the Interior shall prescrlne and t.
he patent for the lands entered fhal be issue
such soldier usan t;5sn apxdsd 9 Sis q m
frat section Of this act but no sale OF such land
I'M interest therein power Of attorney
My Affecting or concerning such and made e1ecnte'
de5 entered into prior to the Issuing Of ne or
ag whom issued shall be Of effect whatever but sha
SECTION s. Tint the Secretary Of the Interior ahs
prescribe rules md regulations TO carry the ae7e1
der provisions OF this act into effect.
not The bill, as amended, then passed-yeas, "
pa1 nai nays, IS.
the Mr. GARFIELD, from the Committed on 4;
the the propriatng 81 $4,000, which WAS made tt
n.y. special order to come up after the Pens5a
this AFGh The House then, at $3.50 D. m, vent into d
to mittoe of the Whole, Mr. H0AR (n1ass) in Il
han ~D'''' PENSION APPROPRIATION BILL
out which appropriates $50, ,480, 900.
tiles N1r. GARFIELD gave some statistical infe
~, nation in regard to the pensioners, etatln
lns among other things, as a curious fact, that,
une the widows Of Revolutionary soldiers "ho We
reao on the pension rolls, less than ~ per cent
uy died rs the nsgsan ysaT ros ye
lzed whom over II 600 we're soldiers OF the war
'nue 1872, and some 1000 names we're dropped TT
nber 0GT TIa - Gonon1ittee rosa and reported the b
d.! pc which WAS thereupon passed by the House.
but ~0'eA110 s',-
Col DA1fE1N COAST