The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-12-20
HERALD FRIDAY DECEMBER 70 l872-14IPLE SHEET

their greenbacks m bearish purposes, introduced
tion exists ana So what legislative measures
should be devised to punish the nhbusters
The resolution was adopted. Mr.. Hooper,
chairman Of the Banking Committee, gave
. report on the investigation Of the Tenth
National Bank charged with conspiracy to lock up
currency for the purpose Of creating panic. He
recommended the bill published In the proceedings
Il was ordered - be printed and recommitted
The most important Transaction was the passage
Of the Deficiency bil appropriating 1924 200 for
the Boardof Public Works OF the District Of Copfn-
bia, in order 70 carry out the Improvements under
ssssn by that board. A long and ruthless discus
sion OF the bin led to the adoption Of but one
amendment by Mr.. Holman, from Indiana. prohibit
ing the Board u Public Works from IN
curing liabilities for the account OF the
United States in advance Of the appro-
priations made by Congress. This 40 . very
important restriction upon the board which had
been somewhat too liberal with the nations
money. The resolution introduced by General
Banks to appropriate 100000 for the proper rep
resentaton Of the United States at the Vienna Elk
hibition has been passed In spite Of o strenuous
enort by some leading members to defeat 1t. The
House has concurred In the improvement proposed
by the Senate TO build steam elevator on each
wing Of the Capitol IL would seem that the Senate
has lately become hospital for broken down poll
ticians, for It has at present four members who
cannot ascend the stairs by themselves, but have
to be lifted by attendants kept for that purpose.
All the members In the House, and they are nearly
four times q numerous as those Of the Senate are
sound Of limb, but % the uniformity Of the Senate
necessitates one elevator 1t least, the House as
seatsa g tns proposition e pu.ld tHG q them,
Alabama politics cropped out in the executive
session OF the Senate this afternoon on the connr
nation Of . citizen Of that politically muddled
state, and there was quite an animated discussion,
in which neither side got the better OF the other.
The Cotton Tax Refunding Bill.
The Committee on Ways and Means had under
consideration to-day the Cotton Tax Reminding
bill. Mr.. F. p. Hanlon, who claims to represent
all the claimants, pretended TO show cause why
$40 900 should be taken ont Of the Treasury to
hnd their way into the pockets OF that outgrowth
OF corruption, dignined By the appellation Of the
Third House," His arguments produced little
effect upon the minds Of those who were not pre-
disposed in favor OF the bill The report Of tho
committee, from present indications, viii be ad-
verse to that stupendous Job, but powerful and
interruptions lobby win employ oil its wits and the
persuasive argument Of millions Of money to carry
1t through.
Farragus's Monument.
The President has approved the act authorizing
the Secretary Of the Navy 70 transport, in gov
eminent vessel, free Of duty, amonument, designed
by Admiral Porter, to be erected in the grounds Of
the Naval Academy, in memory Of the ofBcers, sea-
men and marines Of the navy who fell in defence Of
Treasury Balances.
The balances In the Treasury at the close ofbusi-
ness to-day were as f0llows:-
Currency. - 002, oS8 oS
Coin "a, 100 Coz 70
Including coin certificates. 40 12o 500 90
Special deposit Of legal tenders for re-
demption Of certificates Of deposit ..27 100 900 90