The Tiffin tribune. (Tiffin, Ohio) 1868-1887, 1873-12-11
OoyGREssIOSAL.

DEC. s.-In the Senate Mr. sher-
man introduced . bill to provide for
the redemption Of the loan Of 1853.
Mr.. morrill, argued at length in fA-
vor OF the resumption Of specie pay
ments, and urged upon Congress the
necessity Of legislation in that direc-
ton. He was not, he said, welded TO
anyspeciAl plan. but favored that pro-
posed BY s prominent hnsncier Of
New York-that the Secretary Of the
Treasury shall issue certificates paya-
BILE in four years, with interest at 3.65
at par in United States notes or gold,
at the option Of the holder, requiring
the banks to keep one molety Of their
reserves, and for the government to
give notice that on Jan. !, 1875, II
viii pay its notes IN cash, in New
York authorizing the governmental
negotiate loan oftwo hundred mill
ions In coin at 6 per cent. per anBun-
The certificates, IS fast as redeemed,
may bel paid out by the Secretary Of
the Treasury to satisfy the claims
against tbe government He hoped
soon to submit bid providing for the
the desired return TO specie basis.
A ApetitIon was presented from Ken
tuckians for lsw prohibiting the
manufacture OF liquors In territories.
In the House notice was given OF q
bill TO repeal so much of the postal
act as prohibits weekly newspapers
from passing through the mails free
of postage.
Mr.. Dawes, Of Massachusetts,, (R.),
introduced bill TO provide for the re-
demption Of the loan of 1858.
The blIlauthorizes the Secretary OF
the Treasury 70 issue in exchange for
the 81, ,0O0, 900 bonds, known as the
loan Of '58, an eqnAl amount Of par
bonds Of the funded loan. The seq
ond section declares 1t to be the pleas
ure OF the United States to pay all
coupon bonds Of the loan of '5S on the
1st Of January, 1874, except such as
the holders thereof may elect within
six months Of that date, co exchange
for 5 per cent. bonds of the funded
loan, with interest from Jan. 1, 1874
and it appropriates the money neces-
sary for the purpose.
DEC. Ain the senate bill was in
trOduced to remove all political disa-
biIIties, and the I'LL of Mr. Sherman
for the redemption OF the bill of 1853
was passed. Mr.. Ferry, IaIled up his
resolution instructing the Finance
Committee 70 report bill providing
q remedy for the existing monetary
arrangement, and addressed the Sem
ate in favor thereof. Mr.. Ferry con-
cluded his speech, as follows: "Can
there be hesitation? The gravity of
tile situation demands more than /
words. It challenges action. Over q
million men are thrown out of en-
ployment ct lov average wages.
This million handed loss is a million
dollars daily, and prolonged for year,
the count swells TO hundreds of mill
lions, and tells its fearfal story. The
straits and suffering entaiIed need no
words to voice their distressing want.
The waste Of energies the nation feels,
though tried not by personal pangs
Individual loss Is no national gain
Whoever can dismiss action can not
escape responsibility. It bears With
all. The cumulative pressure of daily
demands is for relief The appeal is
TO Congress. Let US act.D After the
announcement OF the standing eom-
mittee the Senate went into execu-
tive session and adjjurned til Mon
day.
m the House Mr.. Hall offered res
olution, THAT a select committee of
seven be appointed to take into con-
sideration the subject kthe repeal Of /
the salary bill, 50 c1Iled, and that
said committee be instructed to report |
at the earliest practicable day, and
that all bills on that subject Be refer
red to said committee, which was
passed; bills were introduced recoguI-
zing Cuban belIigerency, relating to
the free transmission by maII of
newspapers and periodicals, to pro-
hibit the payment of interest by nat
ional banks, to amend the national
banking act, and to reimburse distil-
lers their outlays for spirit meters, to
restore the ranking privilege.
DEC. 5 lin the House bills were In
trodueed to establish an educational
fund, aDd 10 apply the proceeds Of
public lands 70 tho education of the
people, to reduce postage, to permit
publishers OF Newspapers and periodi-
Gals to exchange, and publishers Of
weekly newspapers to send, within
the county of their publication, one
copy thereof to actual subscribers free
of postage. The House standing COM
mIttees were announced. Adjourned
till Monday.