New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-02-02
xLLIp CONGRESS-IID SESSION
NO VOTE YET ON THE AMNESTY Bill - -,o nr,h
SYNDICATE NEGoTIATloNS-SECRkIAih.l nUo
WELLS COURSE INDoRSED BY THE hO''N'
lBY TELEGRAPH TO THB TRIBUNE
=. -.z-o.. T1.,rsdav Feb. l. 1872.

WELLS COURSE ENDORSED BY THE hoCSh'
icy TELEGRAPH TO THB TRIBUNkl
Washington Thursday Feb. !, 1872
In the Senate, to-day, MIR. Carpenter, WHO
had got the floor before the Adjournment 's' neH',
,uaao specch Of strength on the constitutional
- ~ Senator Summers amendment prefacing IL with
some facetious remarks about Mr. sehnrSs speech on
amnesty which strongly suggested that ne du not fee
snle to handle its matter Mr. Carpenters constitu-
tional roipts against Mr. sumner's amendment applied
only to those sections which relate 20 churches and ures
moi believe that Congress had the right TO interfere
An a matter Of religion 90 pass law regulating the
proceedings Of state courts Mr.. Carpenter was fol-
lowed BY Garrett Davis. Mr.. Summers amendment
seems 10 be gaining ground in the Senate, and there is
now some prospect that the Amnesty bill, with the
CIVIL Rights amendment, Will get the requisite two
.hiris vote. The Senate adjourned until Monday.
The Senate Finance Committee listened today 10 the
agents the Industrial League, who made arguments
against reducing the tariff all metals used in the arts
~ well that iron. They were requested 20 make
written OF their desires in regard TO the duties
chemicals used in the manufactures OF metals Rep-
seutatves Of the workmen on the Carolina and Georgia
fields also told the Committee Of the disastrous
effects OF a reduction Of the tariff on rice ON them'
They say that II rice is protected few years longer
enough will be produced 10 supply our own MARKET as
well a surplus for export. The Committees OF COM
Inercc and Post Offices aud PostIOads viii hold another
Joint meeting, tomorrow at the request Of the Postas
ierGeneral to consider the proposition OF the Cnard
line Of steamers carry the Wednesday mail from New
York 10 Europe free Of charge.
The House has bad habit OF listening 10 but one
speech on each side Of a question, and taking IT Tor
granted that there nothing more 20 he SAID worm near
ing. when the debate on the Syndicate was resumed
to-day by Nj Maynard, not half dozen members paid
any attention 10 his remarks. Judge Kelley VINO loI-
lowed. got a somewhat larger audience by wandering
nom the subject talk Of Tammany frauds, and to
tell Mr. Cox that, after speaking at meeting
hold of
ton he ought not 10 take exceptions 10 the
Syndicate bargain MI Dawes closed the debate in
speech in length in behalf Of the Secretary OF
the Treasury He appeared from the first 10 he appre
hensive that would ask questions that u would
lie troublesome 10 answer. and before he was half
through his fears were realized Mr. Kerr wanted TO put
question. and Mr.. Dawes knowing well what 1t would
be peremptoriy declined hear It, and went on with
his speech. Messrs. Kerr, Beck, Randall, ana
Fernando Wood then consulted together. and the
result conference that M Beck who has the
strongest voice the Democratic side, shouted the
question so loudly that Mr. Dawes forced 10 take
notice OF IT, When Beck had thus broken by the power
of his lungs, the solid, continuous wall OF DaWes's
speech rushed into the breach with his sharper
weapons and thrust his questions, after another at
the vulnerable points in his opponents armor Of logic
He wanted Dawes 10 tell the House whether the
money paid by the Syndicate for the new
bonds was ever deposited with the First National
Bank Of Washington, or any other Government depos,
left London and whether the pretended deposit was not
hC:iOni when fairly cornered with these questions,
Mr. Dawes cvadrd answering directly by saying That
gold certificates deposited The previous question
operating the vote was taken at the end OF Mr. Dawes
speech resulted in strict party DIVISION lJg Re
pubcans voting for the resolution indorsing the secre
JARVIS action and IS Democrats against it,
MessPs FarnswOrth Garfield Freeman, CLARK, and
other Republicans who doubt the legality OF the Syndl
cate transaction declined 10 vote, perhaps the ground
that to refuse 10 pass the resolution would be Only I9h
assertions demas and evAsons made IN the course OF
the debate on the syndicate Dargaln nave, iahem To-
II possible at toerably accurate account OF
the real nature Of the TRANSACTION The syndicate II
tie First National Bank of Washington, and Ger
remainder Of the sasCOOOOO remaining unsoid of the
loan and the Secretary OF the Treasury at once put the
bonds for them and let the interest commence ac
orung giving the syndicate three months to make pay
ent The nenGn aaSpea 70 na t HS n Se pS
and had been deposited in the vaults q
whose keeping Secretary had clear night 10 place It.
in tS , SoS or n0 0TeT rom London for the
pose What the indicate did deposit IS understood TO
certificate that II had deposited with itself certain
OF coin. In reality II had deposited no CON at
al and the coin certificates fiction In the three
months given the Syndicate 10 make payment for the
bonds they gathered up IN Europe sGd n TINS
.nes, and when settlement day came, they
for the new ana receive the interest both The
transaction Of all the Obscurty which has been
BANGING was simply an arrangement by which the syn
ye9 THREE b months dbG e or TO pa b6 ST e
reeiyng Interest on the new bonds In other words,
the secretary agreed that they should have Interest Oh
their bonds three months before paying Tor theln.
when there no opportunity for the democrats
~ sneak further, they discovered that they had
failed TO the strongest point that could be made
against Secretarys action, namely, that the bonds
were reality sold at par because 90 days credit
HAD been given TO purchasers ana that the law when
saws they should be sold at par had been violated They
got information from the Republican side OF the House
that there had been two judicial decisions OF
this point, both declaring that q bond sold
on a credit, however short, was not sold at
par One was upon question arising
out OF purchase OF Indiana bonds by the North Amer
can Banking and Trust Company OF New-NOrk and the
involved the legality Of the issue Of MISSISSIPPI
bonds by the old United Statcs Bank on terms
almost identical with those made with tie syndicate
In the latter case decided the bonds To be HE
"a because sold upon credit when the law required they
should be sold at and this was MlssSsipps excuse
FOR IepudstlDS them.
The consideration of the Indian Appropriation bill was
resumed the House. to-day, after the Syndicate had
been disposed Of Delegate Caggett Of Montana pro-
po4ed novel plan for cvzng the savage tribes Of the
far West He wanted give them cattle place Of annu
ties in money blankets tools, and other articles and
thought that this would induce them 10 adopt peaceful
pastoral life and that instead OF scaping and rObbng
The settlers they would give their attention TO the harm
respectable business OF stoCkralsing Mr. Gag
letts idea faYOTaby received by the House. Mr.
rargent Directing that the Indians would first Kill and
sat the cattle aud then their depredatiOns
before.
REGULAR REPORT OF PROCEEDINGS.
SENATE. WASHINGTON. Feb. J, 1872.
The House amendments TO the bill exempt
ing the Philadelphia icebOats from the Inspection law
concurred in.
MI. LEWIS Qsep. Va rose to personal explanation