The New York herald., 1873-12-18
Senator FentOn COunsels Currency
Contraction and Economy.
TEE HOLIDAY RECESS POSTPONED
Passage of the Extra Naval Appropria
tion by the Senate.
BEN BUTLER ON THE PRESS
Spicy Debate in the House on the
Salary Grab Repeal.
SENATE.

SENATE.
WASHINGTON. Dec. II, 1873.
The Senate met at noon.
IsEBRIArEs.
Mr. WRIGHT rep) OF Iowa, presented petition Of cer
tain temperance organizations in the District of Coum
bia asking the establishment Of home for the
nebates said District Referred to the Committee
Finance.
INDIAN WRONGS.
Mr. BoGY, uem.) of Mo, from the Committee on In
dian Affairs reported back the bill for the relief Of
tain parties and took to present his views Of
the present policy for the government of Indians. He
thought it farce and an outrage. The Indians
stantiy being wronged, and he hoped some measure
would be adopted to have good government for them.
All the troubles arose from defective legislation
The bill was laid over.
INCREASE OF THE NAVY
Mr. CRAcis trep) of N. H., from the Committee on
Naval Affairs reported back the House bill increase
the number OF seamcn in the navy to 10000 without
amendment asked that it be passed.
Mr. SHERMAN, (rep) OF Ohio had objection to the
bill being considered now tut he opposed it's
passage ana would resist it.
Mr. SUMNER, rep) of Mass.-I think it had better go
over till tomorrow
The bill was laid
INTEREST
Mr. PRATT, rep.) of Ind offered resolution, which
agreed directing the Committee Finance report
whether more efficient provisions OF law not required
restrain the national banks from charging, receiving
and taking higher rate OF interest than is allowed by
law to be taken.
INTRODUCED.
BY Mr. DAVIS. Memo of W. Va-A bill to reimburse the
State of West Virginia for losses of bridges, school
houses &C.. during war; being caused
by troops Referred the Committee Claims
the act TT e Fsp city a ct
Railroad Company to extend its road in the District of
columbia Referred to the Committee the District of
BY Mr. BuekIscHAx KIN Gep2 of connM,Authorizing -, the
KickapoGs and other Indians on the bGrders Of Texas
tier he nf fba
and & TO s It
BY Mr. RAMSEY, oep1 of Mimi Providing for the pub
sippi and Minnesota Rivers Referred to the Committee
Also authorize the Secretary Of the Interior dis
ssEs o he a1 S s aud sq e S s
Referred to- to the &c Gommi!tee on Indian M Affairs ~,
gal
Srdses @ houses school Houses eharches turnpike
by federa troops by military orders during the late civil
AGRICULTURAL REPORTS.
MI OBSERVATION-DISCLOSURES Iepa Of n j. & nroduced Joint
the commssoner q agriculture for the years 1877 and
ABOLITION INTERNAL REvENUU BUREAU.
Mr. SIMMER introduced resolution , insruc,ing the
reducing national e1pendarss by aboishing the office
under him. nsrnal aSstio be Collected isy By
an articles to be liable to- 70 seizure and
snoreed under tie direction Of the secretary W Of the
Passions OF NAMED SOLDIERS
Mr.. WRIGHT OF Iowa, introduced resolution instruct
ses 50 as into {" s
% for the loss Of hs Knee Passed ' s'00" as
Mr. Epxusps, mep1 Of VT moved % that the House bill
for repeal of the Bankrupt be read and
Mr. coSklisa. repS Y. said the Committee on the
that %
NE Se the the
House b It. would have 70 60 back to That body and
table present until the Judiciary Committee should
nsDa methods Of poeeedns With with the OPPORTUNITY III Il
gives to 1yua sseators a To- the sales q those
fed ana should be done before The holiday
Mr. MunaAs emp Of Ohio agreed with us the Senator ea
from New York Mr conking that the subject should be
Mr. EDsusps, Of Vt. did not favor the repeal of the
he had ne dob 6 e qe
ported to protect the interests of both creditors and
MT. FnEnssSUrsES, Of \. j., moved an amendment to
ihs JsSis%5y Sonmii5ss, With nsIas ion.
sessions of the Senate.
Of New York processed @ ID 70 address the Senate On the
t,onal policy onGe arecsed 70 ,he ways q
trade offered Inducements our enerprisins and
to enforce rigid economy in all the departments and
steps @ ecSed the oa ro
which we mad during The w9r The swollen
s sdnssa s s sS IN e right
the s
measureiess resources capacity and opportunities OF
As Sese mutual nnd our
charaeteTstic operated in degree protection
and The DaIaiysIss usually iolS%ing ,hs pHSsSd
RS the ana
sr an ao the had Sess he
nree IN the subsequent Course ol events The refund
daced !aSaon especially nIernai taxatioh has been
adopted The inctnaions OF the currency may have
Ss Sy e r.
bee that resumption impossible With our present re.
senator fsnion believed that the stimulus Of
ia had in the methods
been match for ne and
had the es,ravssance and overriding which follow in
Hated paper currency Then again the effect q high
ud keeps paea With 10 @ y the asss anS 10
revenue oers to take arbitrary not 70 say unwarrant
penalties, the proof OF which is ooianabe in nearly
fpS IN
e the H a1 PRELUDE 10 ana o wsa aS
Ss 81 s Pus s .s ,Ss and @ mol the s
practices under cover OF them capital ad the
sound esSdoS very as'S"s the ssveTn
aa ss Ssz no
%f ss %any h e 0s.s S Of ass
always troublesome, but so lar as II owes
It's creation TO an excessive and deprecated
money condition wiz be fopud still more onerous and
Sis no
practice of frngalty and industry. An example the
whole people OF these cardinal virtues should
the STATE and no one can furnish 1t with such beneficial
eject the chief oicer OF the governments, supported
by great and powerful party. Instead of expend
ture by the government of over S2 0000 for the
fiscal than tor the previous
decrease OF twice that sum; 1t is now ex. |
cessiye. There must be reduction OF paper that !
paper and specie shall bear recognized relation TO each
other The recent crisis whc brought prostration and
ruin almost every department Of industry and trade
is alike an example and warning. His desire 10
adopt the plan which would prevent recurrence of
like disasters IN word TO simplify the financial ma
chnery. curau expenditures and steadily advance tow
ard the specie condition. theoretically all admit the
Importance of but most persons reluctant
do what viii insure It In conclusion he asked whether
he was not warranted in saying they found no sure |
guide in the words of the Presidents Message and |
the report OF the Secretary OF the Treasury. |
They must. Therefore, look for light from some |