, 1873-01-08
CONGRESSIONAL.
SENATE

ANolllEA CQ4tAESG4 B1LL.
WASHINGTON, Jun. 7.-Bil1s woro introduced: |:
Dy Mr. -anendatory Of tho Ma
tionnl Currency not Of juno so, 1861 The bill
provides for FREQ banking prohibits direct or
indirect payment Of intoross on deposits; allows
United StatoH hohda bearing coin interest to bo
counted as well a. lawful money In tho reserves;
and proyides TINT banks may reloom tnoir circu-
lating notes either in coin, or in legal tondera,
or III United States bonds at par, with &C.
or'lod interest,", at tho option Of tho banks. It
IN sums Of 1000 may DO redeemed on dcmand
OF tho holder, either with coin or with United
StateB currency bonds bearing coin interest Of
365 por cent, a1,d that the principal Of any Uni
ted States bonds bearing coin interest shall, on
demand by tho holder, bo paid by tho United
States Treasurer In legal-tendor notes, and tho
interest In coin. AL bonds issued Under tho
provisions Of this act arc to DO FREQ from State
aud municipal taxation. Tho last section ro-
quires the Secretary OF tho Treasury to issue
denominations not loss than 500 anu &5, re-
speotiyoly, and to makoa!l regulations necessary
to tho executive provisions Of this act.
A LAND SPECULATION.
Dy Afr. ANTHONY-Directin tho Secretary
Of the Navy to enter into coutraot with tho Now
York Brooklyn Improvement Company for tho
lease and improvement OF the swamp and OYER
flowed lands connected With tho United States
Navy Yard at Brooklyn: Tho Company is to OK
pend $4,000 In the said improvements, and on
Joy tho 'sEe of tho lands and contemplated docks
for fifty years. III compensation therefor or be
reimbursed il tho Government takos tho proper
ty sooner.
ELECTORAL DISPUTES,
by Mr. FRELINQi1UYBEN-A joint roBolu-
tion proposing constitutional amendment to
provide that disputes arising with regard to the
persona choBon as Electors Of President aud
vico President in any State, ahall be decided by
that Congross ehall have power to onlolco tlis
article by appropriate legislation,
LOUISIANA AND ANk.tNsAB ELEorIONg.
Dir. SHERMAN called up the resolution Of
forod by him yoatoraay. directing tho Committee
Oh Privileges and Elections to inquire and rn-
port whothor tho recent election Inns boen con-
Quoted In Loniaiana md Arkansas in accordance
with tho Constitution and laws Of tho United
statoH, and to inquire, also, What contests have
arson ont Of tho election, md what measures
such o0ntests In future.
Mr. THURMAN said although ho would yoto
for tho resolution, ho did not wish to be COM
mittod to all that was implied III 1t. Tho rosolu-
tho recent olcotion Ind been conducted in ac-
cordance Will. tho Constitution and laws
Of tito United statos, but, nndor tho
Constitution, tile Unitod statcs had no right to
mako auy laws on the subject, except to iix tho
therefore, scanned to asaumo for CongreaH i
broader Jurisdiction than TINT granted by the
Constitution. Al to tho reoont eyentB In Louis
lana and Arkansas, no beloved that great orror
Ind boon committed. and great wrong porpb-
tratod, but Ae would not upaals on TINT subject
now, lost ho should provoke debate.
1Ir. FRELIkGIIUYSEN aail this waB u,,-
doubleday QUO OF tho most important SUBJECTS
'tlat Ind oyor como before Congress- and that, In
Ills opinion, an amendment to tho Constitution
would be tho proper rcmoly for the difficulty
arising in such casos rs those in ArlanyaH aud
Louisiana.
Mr. SHERMAN thought 1t would bo unwuo to
80 into debate OIL tlH teot In advance Of tho
information which this resolution was designed
to obtaln Ant in doforoneo to his colleague Mr..
to a1oe o woa % nars @ %abor 10 tho
election was hold In accortlauco with tho Con6ti-
tuition and lava of tho United BtatoH aud tho
laws Of aaid Statoa.
Mr. TnUMBULL thought 1t yery doubtful