New-York tribune., 1873-12-10
HOUSE OF REPRESENTATIVES,.

MT. BUFFNToS (Rep., Mass.), from the Com
uttee Accounts, reported resolution authorizing
The employment of clerks by such committees as were
authorized TO employ clerks by the last Congress.
Adopted
Nj DAWES (Rep., Mass), from the Committee on
WAYS and Means reported bill 10 provide for the
demptou Of the loan OF 1858 t differs somewhat from
the like bin passed bv the Senate. 1t declares that for
the purpose Of redeemDg the bonds issued under the
June H. 1883 it the pleasure OF the United states
of Jan 1874 al which date the interest thereon
shal aud spproprates money to carry out that
prOyiO. Ibe second section authorizes the Secretary
Of Treasury 70 issue an equal amount OF hve per
bonds in exchange for such bonds OF 1855 ss the
2olders thereof may desire 10 exchange on or before
Feb J. 1874 provided that no commissions OF allowances
whatever I've paid for the exchange OF bonds
Mr. KELLEY (Rep. Psnn) moved a substitute for the
Dill IL proposes 70 pay the loan OF 1855 IN cash and not
MT DAWES proceeded to explain The bl and said
the why the Committee did not report back the
senate bill was 10 order to avoid any question
nct between Houses the right OF the Senate
Go originate money bills. Referring his remark the
other day, denying that any commission had been
allowed to the Syndicate in connection with the Geneva
award. he added that DO person whether belonging 70
The syndicate or not had ever naae any Claim on the
United States for any commission on that trnsacuon
and that not dollar was paid Inc inference when
The public prints had drawn arose SIMPLY roW the TACT
that Great Britain had employed some OF the gentlemen
for it, at its expense and without the cost Of mill 10
the United States Government ~
Nj. KELLEY advocated his substitute and said that
81 proposed 70 the Government the $I,Os0.Ooo
scar which might he imposed upon IT by allowing the
OF 1867 converted DNe cent Dobuh
Of being paid at while TO do so lay
dead the Treasury, and while the American people
were Wiling 20 lend to the Government hundreds OF
millions at low rates of Interest certificates OF deposit
He wanted proclaimed 10 the nation that the United
Sustes Government not ouly ready to pay but
drtfrmiDed 70 psy that debt of i4O0O00 thai it
not Ike Turkey and the Central American States going
on the London money market for petty loan like that.
Al the close OF last month there had been 3O0D Of
gold ID the Treasury, and steadily rising balance. II
unbecoming this great country to fater about the
redemption Of t2000Oo loan. lie trusted that Con
srees would not place the country such
ins position He trusted That Congress would
ampsir American credit abroad by leaving cynic
suggest doubt OF the ability Of The Government to
al0o0O CO. and he also trusted that Congress would al
~ early day provide legitimate Governments employ
sospt for OF the country by revising the
aysfen of temporary loans 49,.
n, urOhlbiting the payment OF interest on the nye per
rsn1 from 10 the time when they shOuid DE- ei
hsnred and stated interest," which he wished
- save would be Daary 100000
Mt BuI IcbaTd's amendment was rejected
Nj DAWES, ia compliance with Mr RandaIls sug
san uoved substitute the word coin" for thai of
EmoDey" ID the bill. Adopted 49,,
~ 8A9yJELD 0scp. OD'o) moved ~ sn sn'~nomcbt