The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-08

NEW YOH
rsncy cot Of yuns 30, 1854 The bill provides for
fee banking. prohibits direct or indirect payment
Of interest on deposits allows United States bonds
bearing coin interest to be counted - well Is law
full money In the reserves and provides that banks
may redeem their circulating notes either In coin
or In legal tenders or In United States bonds ct par
with accrued interest ct the option of the
banks. 1t also provides that United States
legal tenders In sums OF $1,000 may
be redeemed on demand Of the holder
either with coin or with United States currency
bonds bearing coin interest Of ae5 per cent and
that the principal OF any United States bonds bear
ing coin interest shall on demand by the holder be
paid BY the United States Treasurer In legal tender
notes and the interest In coin. All bonds issued
under the provisions Of this act are to be free from
State and municipal taxation. The last section re-
quires the Secretary OF the Treasury to issue bonds
as herein dcscribed-legal tender notes OF demon
nations not less than 500 and IS respectively and
to make all regulations necessary to execute the
provisions OF this act.
The Improvement OF tho Brooklyn
Swamps and Overlooked Lands.
Senator Anthony. Of Rhode Island, offered reso-
luton to-day directing the Secretary OF the Navy to
enter into Q contract with the New YORK and
Improvement Of the swamp and overlooked lands
connected with the United States Navy Yard at
Brooklyn. The company 10 to expend 100000 in
said improvements and enjoy the use Of the lands
and contemplated docks for fifty years as compen-
saton therefor or be reimbursed If the government
takes the property sooner.
"Watch-D0gs OF tho Treasury'' Blocking
tho Games OF tho Lobby.
Those republican Senators who seem to think
that they are the guardians Of the Treasury had an
informal meeting this morning In committee
room at the Capitol and agreed not to permit the
passage Of any bill calling for considerable ex-
penditure OF money, unless one or two Of the pro-
posed subsidized steamer lines he made an excep-
tion This seals the fate Of at least fifty jobs "of
high and low degree" and when this paragraph
returns to Washington printed In the HERALD, the
lobby Will take due notice and govern themselves
accordingly. Some OF them, especially the four or
five clever women who are so diligently at work,
may pick up little contingent fee for aiding in
squeezing Job into the Appropriation bill but the
anticipated fat pickngs will not be had Meanwhile
the Senate will not pass any jobs between now and
the lth OF March.
Every Member to Have Ills Salary Paid
Monthly-Tho Probable Effect.
After some proceedings of minor Importance the
House went into Committee Of the Whole on the
Legislative Appropriation bill, which, in Itself,
would have been dull and dreary work it 1t had not
given rise to an important amendment, by Mr.
Hale to the effect that every member elect can
draw his salary at the end Of every month after
March T. provided he was not known to be under
political disabilities. This proviso gave an oppor-
tunity TO Mr.. Cox to declaim against 1.-The
old spites and old hates Of the war;"
and his amendment emitting 1t was carried
by q close vote. AS Lamar, from Missis-
sippi, was the only member under political
disabilities which have already been removed by
Congress, the provis0 would have been quite in
nocuous. Mr.. Hale's amendment has accomplished,
however, q FAR more important result than that OF
relieving impecunious members. These being pro-
vidcd for there will be no occasion for the next
Congress to meet until December; otherwise there
would have been q desire on the part Of many Con-
gressmen elect to meet and organize on March
In order to obtain the right to draw salary Once
organized the mania for legislation which charac-
terzes dominating parties would have rendered
an early adjournment o very difficult matter to
reach.
Ne Pay for Members Whose Seats are
Contested, and No Expenses for De-
feated Candidates.
further amendment providing that no member
elect shall receive his salary II his seat ts contested
until he has been sworn in after the meeting OF the
next House was likewise passed. Mr.. McCrary
offered another to the eject that the expenses O
unsuccessful contestants shall not be paid by Con
gress In the future. Hitherto the absurd rule was
that successful contestants received no compensa
ton, while unsuccessful contestants had all their
expenses paid ont Of the contingent fund. Thus
si,3,s95 were paid during the twelve years pre-.
ceding the Fortyrst Congress- and $685. 900 during
the succeeding two years, making O total Of about
two hundred and seventy-nve thousand dollars
which does not include the sums expended by this
Congress for unsuccessful contestants. This amend
ment was also passed.
Shall There he an Extra Session Of the
senatef
The House having decided to-day that the first
session OF the Forty-third Congress shall not com
mence until the nrst Monday In December next II
remains to be seen whether the President will
convene an extra session Of the Senate on the 4tf
OF March next. The only thing to be done viii
be the confirmation OF any new Cabinet Officers
who may be appointed on that day, and the Presi
dent can be more independent and untrammellet
In making his selections II not hampered by the
senate.
Work Accomplishment New Member.
The House did much useful work to-day, ant
would have accomplished stu more II some OF the
members who love TO hear themselves talk had moi
wasted time with impracticable propositions ant
foolish objections A new member, Mr.. Frank G
Bunnen, representative OF the Thirteenth district
Of Pennsylvania. was sworn In as successor to Mr.
Ulysses Mercur. after which Mr.. Eugene Hale, froH
Name reported the Naval bill, appropriating about
eighteen million dollars IL was ordered to be
printed and referred TO the Committee of the
Whole. 10 come up tomorrow.
An Attempt 10 Grab the Chinese In
demnity Fund Defeated.
Fernando Wood reported o bill authorizing the
Attorney General 70 examine claims OF several In
surance companies for losses sustained through
the capture OF the bark Caldera In 1884, which was
driven ashore through stress Of weather on the
Chinese COAST. boarded nv an armed force plun