Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-12-16
CONGRESSIONAL
The Case Of Pinchback COnteSting
the Seat OF Senator Mcmillan,
Of Louisiana, to be be-
bsted To-Day.
Imitation of the Currency, and
Specie Payments-The Re
demptiOn of the Bonds
of 1858.
New Bills in the HOuse-Stamp
Tax on Medicinal Prepara-
tiOns-The- Bankruptcy
Laws.
Proposed Increase Of Taxation to
Make Up the Revenue De-
ficieneies RESOLUTIONS
and Debate.
SENATE.

SENATE.
WAsBINeTOS, December I5.-The chaplain
fu his opening prayer, invoked divine bless
ing upon the newly-elected president pro tenn
Fills were introduced as follows:
BY senator West-To provide for the con
strnctfon Of the Fort St Phillips canal and
its maintenance as a national public high
way. 1t is a bill recommended by the cham
ber of commerce of New orleans to the United
States senate committee on transportation
By senator Clayton-TO repeal the tax Of
ten per cent on the circul stton OF bank notes
10 take effect on the first OF January, 1874
Referred.
Senator Sumner presented petition from
the citizens OF PENNSYLVANIA, asking congress
10 take steps to provide for the settlement o.
foreign difficulties by arbitration. He said
the petition was in response to a resolution OF
the British house Of commons.
senator Morton, from the committee on
privileges and elections, submitted report
that the committee had considered
the contested election case of p. B. $
Pinchback and General Mcmillan, claiming
seats az senators from Louisiana. and were
evenly divided; he therefore asked that the
whole matter be referred 70 the senate, which
was 50 ordered.
ing resolution: "Thaf the credentials OF p. b.
:. Pinchback are formal, and he is entitled 10
a seat in the senate, he having gTfnsd JGcte
case" he then gave notice that tomorrow,
after the morning hour, he would ask the
senate 10 consider mis- resolution.
senator salisbury thought the senate should
nave time 10 examine LLlt AAClS Alt CHSE-
Senator COnkhng inquired II the committee
on privileges and elections had reported the
evidence taken in regard to Pinchback.
senator Morton replied that the committee
had taken no evidence. he introduced the
resolution as a question Of right.
After debate. the motion and resolution in
the Louisiana senator cor test went over.
Senator sherman called up the resO ,utiOns
reported by him from the hnance committee,
ON Wednesday, in regard to the present de-
raDgement.
senator Pratt addressed the Senate in favor
of an imitation OF the currency.
At the expiration Of the morning hour Sen
ator sherman objected TO further debate, and
called up a resolution reported by him nom
the finance committee, on Wednesday, in re-
gard 10 the present monetary arrangement.
Senator Anthony introduced a resolution
directing the committee ON printing TO in
euire what changes are necessary in printing
and distributing public documents. Referred.
Senator Conkling resented a petition from
ship-Owners touching the Geneva award.
The petitioners claim that during the rebel
lion they were engaged in commerce on the
high-seas, and that the vessels belonging 10
them were destroyed Dy other reDel cruisers
than the Alabama and those named by the
Geneva tribunal, and, therefore, they were en-
titled 10 part OF that award. Referred.
Senator Sherman, from the committee on
finance, reported back the house bill to pro-
vide for the redemption Of the loan OF 1855. II
was passed with several important amend
ments.
A resolution by Senator sherman, of the
finance committee, Introduced Wednesday
last, was then taken up.
senator Ferry Mich. offered as a substitute
the resolution introduced by him, directing
the finance committee 10 report such mea-
sures as would establish free banking, in
crease the volume OF currency one hundred
million dollars, and making the whole cur
rency government issue.
The views Of the minority as reported by
senator Bayard on Wednesday, were read.
Senator Pratt addressed the senate. He old
not see how il was practicable 10 return TO
specie payments, and favored an elasticity OF
currency. The voice OF the entire west IS en-
phatie that we want more currency. BE re-
ferred 70 the high rate of interest," and 10 the
fact that money will be scarce when tor legit-
innate purposes It commands twelve per cent.
The currency should be adjusted 70 meet
the legitimate wants OF business, and In such
a manner as 10 look forward steadily 10
a return to specie payments. He would vote
for the resolution reported by the majority,
but would do 50 with the expectation that the
committee would report plan 10 increase
the volume Of currency.
senator Morton said he would like TO be
heard on this subject, but was net prepared 70
speak now, and, Therefore, asked that the res
Oiution should go over till tomorrow.
Senator sherman had no doubt that the
committee on finance was prepared 10 carry
into execution the will Of the senate but he
thought il a difficult suppOSitlOn TO name the
day when specie payment should be resumed.
The resolution was laid over.
A bill 70 authorize the organization OF a
national bank without circulation was taken
1;-aator Morton favored the passage OF
,,.t50tsstf and Senators Merriam and Bayard
,or,,oesj A. without taking a vote the SELL
oit1 Svert into ,>~eeuttve session and soon after
adjourned.