The daily Argus. (Rock Island, Ill.) 1873-1877, 1873-12-10
IELEGRAPHlC,
CONGRESSIONAL.
Dan. Sickles has to come
Home.
The Country will be thank
for that.
Cuban affairs going along
about right.
Trying not to Repeal the
Sa1ary-SteaI.
Great Movement of CathC-
lies in the cause of
Temperance.
Boston and Manchester re-
pudiate the Republican
Party.

SENATE.-W AsHINGFoN.- 9,-In
| the Senate this morning Mr. Morrill, in
troduced his bill to provide for the re-
sumption OF specie payment and the free
banking system.
Mr. Ramsey introduced bill to provide
for the Transmission of correspondence by
telegraph. 1t Isl all substantial particu-
lars, identical with the so-called Hubbard
bill for connecting the telegraph with the
postal service.
resumption of specie payments and for
free banking. 1t directs the Secretary of |
the Treasury to issue in return for depos-
its of I. S. notes, to the amount of fifty
dollars or upwards, one hundred millions |
OF dollars of loan certificates, payable four
years after date, bearing interest at the |
rate of 3 65-l00 per cent. All National |
Banks mentioned in section 81, of the Ma |
tiOnal Currency act, are authorized to hold |
half their reserve In these certificates, and |
the other half in U. S. notes or gold
All the National banks may hold any |
part of their reserves in these certificates |
; United States notes or gold, and any de- |
Dosit available for the redemption OF cir |
culating notes, may be counted as a part OF
the reserve of an association organized in
any of the cities named in the currency
act to which such deposit may be due pro-
vided no interest be paid or received there
: for and all the United States notes to be
received shall be Cancelled,
The Secretary of the Treasury is direct
ed at any time after October lst. 1874, to
issue fve-twenty six per cent. gold bonds
to the amount of $500, 100000, with the
, proceeds of which, when sold at par for
gold, he shall, on and after January LIST,
1875, redeem in coin such United States
notes, not bearing interest, as may be pre-
: sented in sums of not less than one hun
: dred dollars at the Treasury in Washing
? ton, or at the Sub Treasury in New York
i and all notes so redeemed may be re-is
: sued at the discretion of the Secretary of
y the Treasury, in payment of any dues of
! the United States except Z. S. bonds and
!. interest on the public debt. Finally the
=" bill proposes to repeal all limitations on
: the amount of national bank currency, ex-
is cept restriction that the amount of circu-
e lation issued to any national bank shall
not exceed 30 per cent, of the bonds de-
posited as security. or of the amount of
= its paid capital stock.
ID Mr. Ingalls, introduced bill to arm and
y. eduin the whole body Of the militia in the
:, United States. 1t provides that five hun
Il dred thousand dollars be appropriated an
nually for that purpose, all arms issued t.
er the militia to be the same pattern as adopt
ed for the L. s. army.
The Vice President gave notice that from
tomorrow he would be absent several
weeks, and it would be necessary to elect d
President pro tenn.
). At one o'clock P. NJ the Senate adjourned
r. till tomorrow.
$. HoUsE-In the House, Mr.. Dawes, from
as the Committee on Ways and Means, re
Q ported bill for the redemption of the IS
,Er loan. 1t differs from the Senate bill 70
5 the same object, simply providing for th'
Its redemption of all bonds, coupons and reg
IS listered of '5S on the first of January, 1874
- giving the holders of such bonds the op
ID ton Of exchanging them for 5 per cents
before February first, 1874, providing it il
y done without expense.
- Mr. Kelly proposes substitute prov
VII ding simply for the redemption of tn
bonds without authorizing an exchange fo
5 per cents.
rs MIR, Dawes opposed the substitute, an(
hin in the course of his remarks, denied thu
by auv commission had been allowed the syl
ulCdGG III GOHUGGlIbll Will SCuCEGI dN Nol
m as has been charged.
. MIR. Lamison, of Ohio, asserted that tf
popular clamor against the increase salal
bill was got up mainly by demagogues, an
that he had met his constituents and a
gued the question to their entire satlsta
ton.
L. Finally the word coin was substitute
for money and the bill passed.
Mr.. Negley would favor the repeal of Il
bill if it was presented as a measure
economy, or in obedience to the expressi
of the popular will, but was not satisf
~ with the motives of the men who preser
'AA' ed it.
cted At the expiration of the morning hou
ses the House took up the bill to repeal the
crease of the salary act.
Mr. Cox favored the repeal but PREFER
,Ns the bill presented by the minority.
Mr.. Lawrence favored the repeal
cause it was demanded by the people, a
the failure to repeal the law would resi-
tress. in the defeat of the Republican par
Some amusement was created by the 6
a'is'' mission of Mr.. Lawrence in reply to
t,ste question that he took the back pay und
the law of &c.
tste Mr.. Kendall, of Nevada, opposed the
peal. He respected the popular will, fal
alist' expressed, but not popular clamor. q
.a;st argued to show that the increase of sal
was Just, considering the abolition of
and franking privilege, mileage, &c.
Mr.. Wilson of Indiana, was not oppo
r vo- to the repeal of the bill, nor did he wish
imply argue that salaries were not fixed too hi
tume but he desired to show that there '
nothing unworthy or dishonest in pass
Man, the bill, that man might vote forit and s
be the peer, in integrity and consciendo
- ness of all the multitudes of his detraet'
'I'As' but the pc pple had right to demand
ediau repeal, and, as they had done so he hol
t. that the law would be repealed and
'r'tor' salaries left as they were before.
ices at 'hi' wv "oS"' Ic -: a. -
Sea proposed by himself. HAluS 'he Saidtles
= Dia- the members at 10000.
0a'o Mr.. Lynch argued that whatever cha
IL per- 100 .o ho ,noda whathar an increase or