The Louisiana cotton-boll. [volume] (Vermilionville [i.e. Lafayette], Attakapas, La.) 1872-1883, 1873-12-31
CONGRESSIONAL.

In the senate, on tie 9th, bills were
introduced: To incorporate the Southern
Trans-continental railroad company and to
grant the right of way through the public
lands to the same; to authorize the organ
ization of national banks without circula-
tion; amendatory of the act to establish a
uniform system of bankruptcy throughout the
United States; for the better protection OF
public works on the Mississippi river; to pro-
vide for cheap and permanent transportation
for persons and freight between New York and
Chicago; a bill for the relief of the East Ten
nessee university; to establish national uni
versity Of education and labor. James r.
Young was elected executive clerk, Rev. Byron
Sunderland, chaplain Of the senate. Senate
went into executive session and soon after
adjourned.
In the house, ON the 8tb, bills we're
introduced and referred as follows: For the
admission of Colorado as state; to provide
25 600, 900 additional bank note circulation foI
states having less than their due proportion
for the payment of losses by the Morgan raid;
to repeal the bill to enforce civil rights ; to
repeai all the taxes on whisky and tobacco, and
to provide for deficiency in the revenue
thereby occasioned; to provide fer cheap
transportation between Chicago and New York;
for the insurance of national currency and
65-1O0 government bonds to be nter-chang-
able. A bill was passed modifying the steam
boat passenger act by allowing tow boats on
the Ohio and Mississippi rivers to carry 15U
pounds of steam pressure in place of 1lU
on standard boilers of forty-two inches in di-
ameter, with plates one-quarter Of an inch in
thickness also, by vote of 145 to %, bill
removing all disabilities imposed or remaining
on any person by the third section of the
fourteenth article OF amendments of the con-
stitution, and substituting for the iron-clad
oath the modified oath now administe to per-
sons from whom disabilities had been removed,
A res olution recognizing Cuban belligerency
was objected to and withdrawn. lively dis
cussion was had on the salary question, which
ended by postponing the subject till to-mcr-
row. Adjourned.
In the senate, on the 9th, bills were
introduced and referred To provide for the
resumption of specie payments and free bank,
ing. 1t directs the secretary Of the treasury
to issue in return for deposits of United States
notes to the amount of fifty dollars and up.
wards, 800, 900, 900 of loan certificates, pay
able in four years after date, and bearing
interest at the rate of 65-1O0 per cent. PEI
annum. All the national banks mentioned II
section 81 of the national currency act are
| authorized to hold one-half Of their reserve ID
| these certificates and the other half in United
States notes or gold. al other national banks
may hold any part of their reserves in these
| certificates. The secretary of the treasury il
directed, at any time after Oct. l, 1874 to issue
| $40 six per cent. gold bonds to the amount o.
$500, 00O, 700, with the proceeds OF which, when
sold at par for gold coin, he shall, on and aftel
| Jan, I, 1875, redeem in coin such United States
notes net bearing interest, payable to bearer
as may be presented in sums not less than one
thousand dollars. Finally, the bill propose:
to repeal all limitations on the amount, Of
national hank currency, except 9 EestrietIoI