Ottumwa weekly courier. (Ottumwa, Wapello County, Iowa) 1872-1899, 1873-12-11
WASHINGTON, Dec. 9.
HOUSE.

ity. - ''' ~
Mr.. Lawrence favored repeal, be-
cause 1t was demanded by the people,
ana the failure to repeal the law would
result in the defeat Of the Republican
party.
some amusement was created by the
admission OF Mr.. Lawrance, in reply
TO Q question, that he took bach. paw
under the law Of 1866.
MI. Kendall, of Nevada, opposed re-
peal. He respected the popular will,
fairly expressed, but not the popular
clamor, and argued to show that the
increase OF salary was just, consider
vilege, mileage, SC.
Mr. Negley would favor the repeal
Oh the Dill, II 1t was presented as q
measure of economy, or in obedience
to an expression of the popular will,
but was not satisfied with the motives
of the men who presented it.
Mr.. Wilson, of Indiana, was not on :
posed to the repeal of the bill, nor did
he wish to argue that the salaries were
not fixed too high, but he desired to
show that there was nothing unwor-
thy or dishonest In passing the bill
that man had q right to vote for it
and still be the peer in integrity and
conscience of all the multitude of his
detractors. But the people had right
to demand repeal and as they had
done so, he hoped that the law would
be repealed and the salaries left as they
were before.
Mr.. Townsend advocated the amount
proposed by himself fixing the sala.
ries of members at $4,000.
Mr.. Lynch argued that whatever
change was to be made, whether In
crease or decrease, should not take
effect during the present Congress.
Mr.. Hale, Of Maine, gave notice that
he would try to get . vote on the bill
TOMORROW and the House adjourned.
SENATE.
Mr.. Ramsey introduced bill to
provide for the transmission of cor
respondence by telegraph. It IL In eli
the substantial particulars identical
l with the so.called Hubbard bill, fol
connecting telegraph with the postal
service.
Mr.. Morrills bill for the resumption
of specie payments and for . free
banking system directs the Secretary
| of the Treasury to issue In return fol
deposits, United States notes to the
amount Of fifty dollars or upward
one hundred million of loan
certificates, payable four years
after date and bearing interes,
at the rate of 3 and 85.lOO pe1
cent. All national banks mentioned
in section thirty -one of the national
currency act are authorized to hold
half Of their reserve in these certifi.
Gates and the other half In United
States notes or gold. All the other
national banks may hold any part OF
their reserve in these certificates, Unit.
ed States notes or gold, and any deposit
available for the redemption of circu.
lating notes may be counted as part OF
the reserve of an association, organic
ed in any city named in the currency
act, to which such deposit may be due,
provided no interest IL paid or receiv.
ed therefor, and all United States
notes SO received shall be cancelled.
The Secretary of the Treasury Is di-
rected at any time after October, 1874,
to issue five-twenty six per cent gold
bonds to the amount Of $500, OOO0 600 ;
the proceeds Of which, when sold at
par for gold, he shall on and after
January LIST, 1876, redeem in coin such
United States notes not bearing inter-
est, a. may be presented in sums of
not less than 500, at the Treasury in
Washington, or at the SUBJ Treasury
in New York, and all notes so redeem.
ed may be issued ct discretion by the
Secretary of the Treasury, in payment
for any dues of the United States, OK
cept United States bonds and the in
terest on the public debt. Finally the
bill proposes the repeal of all limita.
tons on National Bank Currency, ex-
cept the restriction that the amount in
eiscnlafinn iasnad tn any National
Rank, shatl no exceed ninety nav csrt
or the bonds deposited as security Of
the amount Of its paid in capital
stock.
Mr.. ingalls, introduced bill to arm
and equip the whole body of militia in
In the United States. 1t provides that
$4,000 be appropriated annually for
that purpose, and that all arms Issued
to the militia be of the same pattern as
adopted for the U. 8. Army.