The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1873-12-19

national bank shall not exceed ninety per cent
of the bonds deposited as security or OF th,
amount Of It's paid-in capital stock To arm
and equip the whole body of militia of tht
United States. It provides that $500, 0G0 bC
appropriated annually for that purpose all the
arms issued to militia to be Of the same pat
tern Tern as adopted for the United States army.
10 provide for tho construction OF levees on
the Mississippi river. 1t authorizes tie chief
engineer Of the army to have sqryevs and
drawings made as soon as practicable for the
location, design and execution of a complete
system or IeVee6 for the reclamation of the
Mississippi between Cairo and Belize. the cost
OF the work to be defrayed bv issuing and
selling United States bonds from time to time
as may be necessary, not exceeding $50, 900,
QUO currency. The states benefited are to cede
to the United States all swarnu and overhoyyed
lands within their limits, and also other lands
embraced within the base of said levees. a
tax on various drainage districtsis to be levied
for maintaining the levees IN recair. The
levees are to be the property -of the United
States Adjourned.
In the house, on the 9th, bill was
reported to provide for the redemption of the
loan Of 1859. It differs somewhat from the
like bill passed by the senate. Tt declares that
for the purpose of redeeming the bonds issued
under the act Of June Il. 1858. it is the pleas
ure Of the United States to pay all coupons
ana registered bonds of the loan of 1853 on
the 1st Of January, 1874, at which date the
interest thereon shall cease, and it appropri-
ates money to carry out that provision. The
sesond section authorizes the secretary of the
treasury to issue an equal amount of five Der
cent. bonds in exchange for such bonds of
1858 as the holders thereof NAV desire to ex-
change, on or before the 1st of February. 1874
provided no commissions or allowances what
ever be paid for the exchange of the bonds
An amendment to substitute the word "eoin1
for ''money" was adopted, and the bill was
passed. Considerable sparring was INDUCED
inon the bill repeating the increase of salary
law, and the house adjourned without definite
action thereon.
In the senate, on the 10th, several pc
titions were presented, asking. for legislation
to regulate the traffic in alcoholic liquors, which
were referred. A bill was reported to author
ize the organization of national banks without
circulation; also, authorizing the secretary of
the treasury to issue the fOrty-four million re-
serve fund, and make it part of the perma-
nent circulation. The bill is designed for the
Immediate relief of the stringency and to re-
store confidence and business activity to the
country. A resolution was offered declaring
it to be the duty Of congress at the present
session to adopt measures to strenptben the
public credit, and directing said committee to
report bill providing for an issue of curren-
cy, at all times redeemable IN gold or its equiv
alent. An amendment to the constitution was
submitted, declaring that the United States
a legal tender for the payment of public or
private debts; Also directing the secretary of
the treasury to communicate to the senate all
particulars relative 10 the cotton seized under
orders OF the department after the close of
the war. A resolution was agreed to direct
ing the committee on postOffices and post
roads to consider the expediency of providing
further convenience in correspondence known
as letter writer's, with q one cent stamp, being
a new article of stationery adapted for q let
ter circular and newspaper wrapper. The SEN
ate went into short executive session and ad-
journed.
In the house, on the 10th, the follow
ing proceedings were had: A Aresolutionre cog
nizing Cuban independence was referred
also resolution directing the secretary OF the
treasury to report in detail the cost of refund
ing the public debt thus far into Eve per cent.
bonds: also, a bin to authorize the organiza-
ton Of national banks without circulation
also, resolution for printing 255 600 copies
of each Of the annual agricultural reports of
1872 and 1873. A bill authorizing the present
number of enlisted men of the navy to be in
creased from 800 to 600 was amended by
providing that the temporary increase of force
should not continue beyond the first of Jan
uary, 1875, and, after brief war talk, was
passed. bill appropTiating four millions for
extraordinary expenses of the navy was re-
ferred. The house then INDUCED in its regu-
lar skrmish on the repeal of the increase OF
salary bin. and adjourned.
In the senate, ON the 18th, the first
business in order was the election of presi-
dent pro te1a., which resulted in the choice of
Senator Carpenter, of Wisconsin, over Thur
man, Of Ohio, by vote of 50 to 16. The bill
to substitute compound interest notes for Ie-
gal tender notes were discussed and referred.
A bill removing the political disabilities Of
Thomas S. Bocock of Virginia, Jno. II. Rea-
gan, of Texas, and others, passed. 4 number
OF petitions asking for the appointment of a
commission to regulate the traffic In alcoholic
liquors we're presented and referred; also
bill 70 repeal the section of the bill of March
3, 1873, forbidding the free transmission of
periodicals, magazines and newspapers through
the United States mails and restoring the
franking privilege also & bill extending the
time for the completion of the st. Paul and
Pacific railroad. A bill was introduced author
izing, from and after April 1, 1874 the pay
ment of customs duties One-half in legal ten
relative to the liquor traffic. It provides for
the appointment by the president, with the
consent Of the senate, Of five commissioners
to investigate the alcoholic liquor traffic in
its economic, criminal moral and scientific
aspects, in connection with pauperism, crime
social vice, the public health, and the general
welfare of the people, and who shall also IN
quire and take testimony as to the practical
results of license, restrictive and prOhibitory
legislation for the prevention OF intempeT-
ance In the several states Of the Union. The
bill to authorize the organization Of national
banks without circulation was taken up, dis
cussed briefly and laid over. Senate then ad-
journed till Monday.
In the house, on the 11th, resoIu-
ton was adopted providing for a survey to as
certain the practieability of ship canal con-
Meeting Lake Michigan with the Wabash river;
also, instructing the committee on elections
to examine and report the best and most prac-
0f 1aa
providing tribunal to adjust and decide all
contested questions Herewith also, directing
the postmaster-general to report how many
employees of all grades it viii require to carry
on the pOstal-savings institutions as recommen-
ded by him, and that ne furnish like infOrma-
ton as to the postal Telegraph system. also
recommended, when the sane is in full opera
ton. A bill was reported to establish an edu-
cational fund, and to apply the proceeds Of
the sale OF public lands to the educat on of
the people It enacts that the net proceeds of
the sale OF public lands shall be forever con-
secrated and set apart for the education of the
prople, provided the act shall not rspeal, i'm
pair or suspend any law authorizing pre-emp-
ton or homestead entries, or abridge the pow
or Of congress over the public domain, nor in
terfere with granting bounty lands to soldiers
and sailors Of the late war. Laid over. The
repeal Of the increase OF salary bill again
came up. Mr.. Stephens. Of Georgia, made
lengthy speech IN opposition, and the house
adjourned without reaching vote.
In the house, on the 18th, the senate
bill removing political disabilities from Thom-
as J. Babceck, z. J. Harvey and Daniel Trigg,
of Virginia, and John Reagan, of Texas, was
passed A resolution was adopted, directing
the secretary Of war to report whether pay,
ments had been made 20 the Illinois Central
railroad company, for the transportation OF
troops or supplies Of the United States since
the first Of January, 1856, and requiring nke
information as to other roads in aid OF which
grants have been made petition from a
large number Of business men al over the
country for the repeal Of the bankrupt law was
referred The speaker laid before the house 3
communication form the secretary OF war
calling attention to the defalcstions III the ae-
counts Of Gen. o. o. Howard, of the freed
mems bnreEu. whereupon q resolution was OF