The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-12-13
CONGRESS.
WASHINGTON, December Il.
UOt'SE

WAsnISGToN, December Il.
HOUSE.
The Senate bill authorizing the M.
tional Bank OiLyOns, Michigan, to change
its location and name was passed.
Mr.. Dawes, from the Committee Of
Ways and Means, reported u bill authoriG.
ing the Secretary Ul the Treasury to issue
coupon bonds and exchange registered
bonds, the expense charged 10 be- paid by
the owner. Mr.. Dawes explained that
while the Secretary had authority now to
change coupon bonds into registered
bonds, he had no correct authority 10
change registered bonds into coupon
bonds, and consequently the latter class
of bonds on account Oi their facilities
for transfer commanded higher prices in
Europe than registered bonds. This bill
would place the two classes on an equal
ity with making them interchangeable
The only effect Of the bill was to remove
the present obstacles to the nCgOtiability
OF registered bonds.
MIR. BurCharl, Illinois, remarked that
the objections which were supposed to
exist 10 exchange registered bonds into
coupon bonds were proved bycxpcricuce
to have no weight with the Secretary Of
the Treasury, who ought TO know, rs he
was advising the measure. That cUupo"
bonds today bore higher market value
than registered bonds, showed thrc were
no counterfeit bonds in circulation ~ al.
feet their market value. !, therefore
seemed to him that both The prup.c and
the Treasury DGpartm.ul ii confirmed the
views suggested by ,le Committee Of
Ways and Means
Mr.. Cox, ii New York, objected To the
bill. lie said : | do not want to agCrau.
die the powers Of the Secretary ii the
Treasury; and further, | DO not want him
to give any greater f.CiiitirS 10 people 10
go IN and speculate After all our dick.
rriHg here about currency ami bonds, We
will be bound in the end to come tD the
resumption % specie payment Gentle
men ought Ia meet il in the next Cuu-
grCss nj least, il nut in this. ! src i
stated in the newspapers that the Srrrr-
tary OF the Treasury intends 10 put on
the market the per centand 81 per GEMS
yet uHlundcd, and that the ROthsChilds and
the Syndicate are 10 take the rest OF them
without further legislation. want 10
know why il 10 that in this bill no Trsiric-
ton is placed on the Secretary ui the
Treasury. He can make any number o.
these coupon bonds at his pleasure. He
can keep stacks OF them on hand. They
can be used at any time in certain Cmcr
gencies in the money market. This bill
will not stop speculation. II will no,
lead to prosperity or health The SCcre.
tary OF the Treasury should be held to
legal restrictions, and not allowed to step
over the law. US he has done in other
cases.
Mr.. Beck, Of kCntucky-I will vote for
the bill. l don't see that it affects al all
the power Of the Secretary OF the Treas.
ury to issue new bonds, or that it has
anything to do with the Syndicate. 1t
places two classes Of bonds on the same
footing and facilitates the negotiation OF
these bonds.
The discussion then closed and the bill
passed. Yeas, 1876; nays, 22.
Mr.. Beck, from the Committee Of Ways
and Means, reported the bill for the rClet
of Scales & Manning, OF Nashville, Tenn,
in reference 10 their distillcry. Passed.
The House then took up the soldiers
bounty land bill, which was discussed by
Messrs, COburn, Storms, Niblack, llol-
man, StoughIoD and ShCllabarger, chiefly
in favor oft.
A vote was then taken on the motion
OF Mr.. lIawlcy, Of Illinois, to reCommjt the
bill and negatived Yeas 60, nays 90
The substitute offered by Mr.. Holman
was adopted Yeas l0j, nays 2G2.
The substitute was rs follows: That
every private soldier, musician and OIL
Ger who served in the army OF the United
States during the late war for 80 days and
was hOnorably discharged, including the
troops mustered into the service Of the
United States by virtue of the third Sec
tion OF an act entitled an act making ap.
preparations for completing the dciCnscs
Of Washington and for other purposes, mp.
proved February l3, 1862, and every sea.
man, marine, officer and other persons
who served in the Navy Of the United
States, or in the Marine Corps during the
late war ior ninety days, and who was
honorably discharged, and the widow Of
any such soldier, musician, seaman or Of
ilCer, or il there be no such widow, his
orphan children under twentY.onG years
OF Nge shall be entitled TO enter u quaint.
yOi public lands, not mineral, not to GX-
coed 100 acres, which shall be composed
OF continuous tracts according 10 the lC-
gal subdivision, including alternate re.
served sections Of pubiCs slunds along the
line Of railroads and other public works
or other land subject to entry under the
homestead laws OF the United States, and
to receive Il certificate OF such entry with.
out payment Of my government fees
SECTf0S =. That such entry shall be
made by the same person entitled IA
above, 70 make the same in person or by
agent under such regulation as the ScCrr-
tary OF the Interior shall prescribe, md
patent TOR the lands so entered shall be
issued only 10 such soldier, musician,
seaman or officer, or 10 his widow or or.
phan children provided Tor in the first
section Of this act. But on sale Ut such
land, or Nny interest therein, or
power oi an attorney authorizing
such sale, or other contract or
agreement in Rny wise affecting or
concerning any such land made, executed
or entered into prior TO the issuing Of II
patent therefor and the actual delivery Of
the same To the person to whom issued,
shall be OF any elect whatever, but sh,l,
be null and void.
SEC. 8. That the Secretary Of the Int.
riOr shall prescribe rules and regulations
to carry several sections Oi this act into
effect.
The bill rs amended then passcd-ycas,
llG nays, 55
Mr.. Garfield from the Committee on
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