The home journal. (Winchester, Tenn.) 1858-188?, 1873-12-25
CONGRESSIONAL.

In the senate, on tile 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-
ton; 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; bill for the relief Of the East Ten
nessee university: to establish national uni
versity of education and labor. James IL.
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 Sth, bills were
introduced and referred as follows: For the
admission of Colorado as a state; to provide
25 900, 600 additional bank note circulation for
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
repeal all the taxes on whisky and tobacco, and
to provide for deficiency in the revenue
thereby occasiOned; to provide for cheap
transportation between Chicago and New York;
for the insurance OF national currency . I'd
3 65-100 government bonds to be inter-chang
able. bill was passed modifying the steam
boat passenger act by allowing tow boats on
the Ohio and Mississippi rivers to carry $50
pounds Of steam pressure in place of 1l0
on standard boilers Of forty-two inches in di-
! ameter, with plates one-quarter Of an inch in
| thickness also, by q vote Of las to 20, 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 administeredtoper
SONS from whom disabilities had been removed
| A 'res olution recognizing Cuban belligerency
WAS objected to and withdrawn. A lively dis
cussiOn was had Oh the salary question, which
ended by postponing the subject till tom. T.
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, 10000 Of loan certificates, pay
able in four years after date, and bearing
interest at the rate Of 65-l00 per cent. per
annum. All the national banks mentioned in
| section 81 Of the national currency act are
authorized to hold one-half Of their reserve in
these certificates and the other half in United
States notes or gold. All other national banks
may hold any part Of their reserves in these
certificates. The secretary Of the treasury is
directed, at any time after Oct. l. 1874, to issue
$40 six per cent. gold bonds to the amount Of
1900, ,0OO, 900, with the proceeds Of which, when
sold at par for gold coin, he shall, on and after
Jan. 1, 1875, redeem in coin such United States
notes not bearing interest, payable to bearer,
as may be presented in sums not less than one
thousand dollars. Finally, the bill proposes
to repeal all limitations on the amount Of
national bank currency, except restriction
that the amount Of circulation issued to any
national bank shall not exceed ninety per cent.
of the bonds deposited as security or Of the
amount OF its paid-in capital stock. To arm
and equip the whole body Of militia Of the
United States. 1t provides that $500, 900 be
appropriated annually for that purpose, all the
arms issued to militia TO be Of the same pat
tern as adopted for the United States army.
To provide FOR tho construction OF levees on
the Mississippi river. 1t authorizes the chief
engineer Of the army to have surveys and
drawings made as soon AZ practicable for the
location, design and execution Of complete
system OF levees for the reclamation Of the
Mississippi between Cairo and Belize; the cost
Of the work to be betrayed by issuing and
selling United States bonds from time to time