National Republican., 1873-12-05

o'ihens' hsking TOT tne passage OF MS supple
mentary civil rights bill.
JAMES RIVER CANAL
Mr.. Boreman introduced bill TO complete the
water highways from the James river TO the
mouth Of the Kanawha.
The bill directs the Secretary OF War 10 lay
out construct, enlarge and improve water way
from tide-watet on James river, at Richmond,
Virginia, TO Ohio river, at mouth OF Kanawha
river, 10 West Virginia, BY way OF the James
river and Kanawha canal, the James, Jackson,
Grcenbrier, New and Kanawha rivers, by canal,
slack-water, sluice or open river navigation, not
less than seventy feet wide and seven feet deep,
with locks not less than one hundred and twenty
feet long and twenty feet wide, and with capa-
city for vessels Of at least two hundred aud
eighty tons burden. The states Of Virginia and
all their interest In the property or franchises Of
any corporation having claim to the continuous
line OF water communication projected and In
part completed BY the State Of Virginia, and the
cost Of the work Is then to he dcfrayed by the
Issuance and sale Of United States ten-nfty four
and q half per cent. bonds, to the amount Of
eight million dollars. Provision is also made
private stock In the James River and Kanawha
Company at price not exceeding SIS per share,
and also for the appointment Of commissioners
way when compieted-one each 70 DC appointed
from the States OF Pennsylvania, Wisconsin,
Iowa, Missouri, Illinois, Indiana, Ohio, Ken.
lucky, West Virginia and virginia.
suERNAss RKDKxrrios BILL PASSED.
Mr.. Sherman called up his Dlll to provide for
Q redemption Of the twenty million loan Of 1888,
and sent To the desk to be read the recommen-
dalton In the report OF the Secretary OF the
Treasury on the subject. Me- s. said there
could be no objection to this bill, and Il was
passed.
BILLS INTRODUCED.
Mr.. Davis offered Q resolution requesting the
Secretary Of war TO transmit TO the Senate all
the Information In his possession relative to the
Government property at Harpet's Ferry, In
Mr. Hamilton, Of Md., presented resolutions
In favor Of specie payment and against innstion,
adopted by the Board Of Trade OF Baltimore;
which were read and laid on the table.
Mr.. Ingalls introduced q bill to construct a
public building at Topeka, Kansas.
Mr.. Logan introduced bill to aid In the exc
cuiion Of the laws In the Territory OF Utah.
NATIONAL FINANCES.
Mr.. Ferry, Of Mich, asked to take up his rcso-
luton In reference TO the finances, and said he
you'll speak from eu.,nes, ,n experience and q
pertmental theory. He was ready to support
any plan more remedial than that proposed by
hun, but he believed II the duty OF all to con-
tribute what OF thought and observation that
could throw light upon subject SO vital to the
people. Free banking, open TO all, would relieve
the banking system Of special privilege, and ac-
cord more with the spirit OF the day.
He advocated that the currency should be
Issued directly by the Government and made q
legal-tender, just as the greeubacks, instead OF
As now, when one half OF the circulatlon Is issued
by the national banks and the denial OF the func-
tlon OF lawful money. This was q national dis
credit 10 so much OF the currency. The substi.
tuition OF legal-tendeiS :or the national currency
to be effected without lesseniug the volume OF
circulation and through the purchase Of bonds
held Of the banks or Of outstanding bonds. THIS
would work the payment of three hundred and
annual outlay Of over twenty millions OF coin ia. M
terest-neariy enough to pay the one per cent.
required by law to be paid annually on the pub
tic debt. Bankers may, at first thought, dcmnr
at this as inimical to public policy. lie could
understand how this might importune public
convictions, as he had himself stock In one OF
these banks. but private interest should give
way TO the public welfare. Freedom from Fed
ernl tax and other irksome provisions will CON-
pensate, and further reelection will lead bankers
to choose 1t with It's freedom from redemption
He advocated that the maximum circulation
be placed at 900 900, being s51,t 5000 more
than the present amount OF O0,CS0C 70 OF green
backs and s9:1 900 900 Of national hank currency
and that II all be made legal tender. We owe u
70 the honor OF q great nation to fully = "redit
Its issue and stamp Its monetary unit, the cur
rency dollar, with sovereign value, attestcd by
ability 70 pay, not haste to pay, As the measure
Of value. lie advocated that the currency be
convertible Into 9-65 currency bonds, aud they
holder, thus securing locailzation and elasticity
OF circulation. Some advocate prohibition OF
interest being paid BY the banks. Prohibitory
legislation Is either evaded or not executed.
Far better counterpoise It by employing the
stimulus OF the evil TO work It's cure. The inter-
est on these bonds will arrest the now OF cur
rency to the seaboard centres and hold It for
For Immediate relief he thought that the forty
four million reserve should be used In the pur-
chase Of bonds, and enough more issued to make
10 save twenty five millions OF coin interest an-
nually, more than enough TO pay the one per
cent. yearly on the public debt. Then the re-
terVpis a. d she convenience Of ihe Treasury % ,he
durability would compensate for Inconvenience.
Can there be hesitation The gravity OF the
situation demands more than words-it chal-
lenges action. Over q million men have been
thrown out Of employment, which, at low
average of wages, involves the loss Of million
dollars daily. Prolonged TO year, the count
ful story. This waste OF energies the nation
feels though not tried by personal pangs. Indi-
yldual loss Ia no national gain. Whoever can
bears with ali the cumulative pressure Of daily
deniais OF relief. The appeal Is TO Congress. Let
Us act.
TIE STANDING COMMITTEES.
Mr.. Anthony moved that the Senate proceed
TO the election Of the standing committees.
Mr.. Anthony then submitted q motion that
the thirty y-fsurth rule be amended by adding q
new committee after that of Education aud
LADpf, 10 DC Known rs tne COMMITTED on
Service and Retrenchment. Also, motion that
two members be added 10 the Committees on
Foreign Relations, Claims, and On Education
Both motions were adopted.
Mt. Anthony then submitted the list OF stand
Ing committees, rs follows, which MAS adopted:
on Privileges and Elections-Messrs. Morton,
sumner, Mitchell, Hamilton Of Nd, SALISBURY.
On Foreign Relations-Messrs. Cameron,
Morton, Hamlin. Howe, Frelinghuy-
On Flnsnce-Messrs. Sherman, (chaifman,)
Fenton, Bayard.
oa Appropriations s-Messrs. Morrill, Of Me-,
sprsgue, Window, West, Ames,
sargent, Allison, Stevenson, Davis.
Ol COmmerce-Messrs. Chandler, (chairman,)
spencer. Conkiiug, buckingham, Boutwell,, Cor
on Manufactures-Mes Robertson, (chaIr- |
nan,) sprague, Gilbert, Fenton, Stockton.
on Agriculture Messrs. .Frelingh uysen, ,(chalr- |
on Military Arairs-Messrs. Logan, (chaIr. |
nanD Cameron, Spencer. Clayton, wadlelgh, |
On Naval IHilrs-Mcssrs. Cr,sIn, tchalrmau,)
on the Judiciary Rdmunds, (chair-
nan,l Conkling, Carpenter, ffelinghuysen,
On Post ofiices and Post Roads-Messrs. Ram
ey, (chairman,) Hamlin, Ferry OF Mich, Flan-
gan, Dorsey, Jones, Salisbury, Merrimon, Ham.
on Public Lands-Messrs. sprague, CHAIR
naI3 Window, stewart, Pratt, osiesby, Wai-
sigh, Boutwell,, Kelley, Upton.
On Private Clsims-Messrs. Thurman, (chair-
lan,) Ferry Of Conn, Bayard. Fenton, Bogy.
on Indian Affairs-Messrs. Buckingham,
Allison, oglesby, Morrill, OF Me-, In.
Ais, Bogy, McCIeery.
! Conn Conn., SsiesSy, Ingalls, Patterson, Hamilton
on Revolutionary Claims-Messrs. Drownlow,
aite.
Un ulaims-Messrs. Scott, (chairman,) Pratt.
oreman, Wright, Mitchell, Boutwell,, Davis,
Ierrim0n, Godthwaite.
hairman,) Spencer, Hitchcock, Robertson,
Dnes, Dorsey, johnson.
on Patents-Messrs. Ferry OF Conn, (chair-
lan,l Windom, Wadleigh, Hamilton Of Nd,
on Public Buildings aud Grounds-Messrs.
.orriil OF W, Schairman,) Gilbert, Cameron.
on Territories Boreman, (chaIrmap,1
.itchcock, Cragin, Clayton, Patterson, Cooper,
IcCreery.
On Railroads-Messrs. Stewart, (chairmap,)
colt, West, Ramsey, Hitchcock, CragiD, Howe
celnghuysen, Hamilton Of Texas, hanson,
on Mines and MIniug-Messrs. Hamlln, (chair-
AM Chandler, Sargent, Crozer, Upton, Gold
on the Revision OF the Laws OF the United
ates-hessrs. ConklinR, tchaiman,) Carpen-
". Stewart, Alcorn. Ransom.
On Education and LAbor-Messrs Flanagan, | |
halrmang Patterson, ingalls,, Sumner, Morton, l
fS Audit and Control the Contingent Expenses
the senate-hessrs. Carpenter, (chairman,) q