Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1873-12-19
Cotton Seized Since the War-SpecIe
Payments Compensation OF the
Members-SenatOr BOgy.
Mr., Hale, Of New York, Rises 10 EX'
plain. aud Is Followed by Messrs.
Wilson. Eldridge and
Butler.
Inquiry INTO National Bank Business
Extra Naval Appropriation
Loyal Adherents Wanted.
4 POstal-I elegraph Bill-Butler's Sup.
Elementary CiTiI-Rights Bill to
be Up To-Day, Etc.
SENATE.

SENATE.
WAsHTNGToN. December Ex-senator In
galls presented petition from the citizens OF
kansas, asking the passage OF a law allowing
me soldiers 10 the la'e war bounty and one
hundred and sixty acres Of land. Referred
senator Antony, fIOm the committee on
printiug rep .rted back the bill 10 provide Tor
IN printing Of the biennial register or blue
IN course OF the discussion on the bill, Sen
ator sargent said he mad learned that since
the abolition Of the frankinE privilege one
hundred thousand dollars had been expended
Dy the government for scales 10 weigh mail
able mater, snd that the cost 10 the govern
ment now TO send documents over the country
was greater than before the frsnking privi-
1ege was abolished.
Senator sherman said he would vote against
The printing Of every public document unless
~0ne means should be adopted to distribute
them. He had received notice that there were
over two hundred public documents awaiting
his order, aud the question in his mind was
how TO distribute them. BE supposed other
senator's were in the same difficulty
senator Boutwell,, from the committee on
commerce, reported back the amendment 70
Nhs act relating 70 the enrolment ana llcehs
ir'g o. certain vessels. Passed.
= suEtOr Howe introduced resolution, IL
-r-,,. wing the committee on pensions TO IN
,51fra lRLO the sxpedtency OF placing on the
,,sneiofN-Foll the names OF all hOnorably dis
i.6srged SOidiers OF the war OF lol2, irrespec-
O. H.Haa IhF nHa Z
,-srator q prton called up the resolution in
froduced bv h'iJn a few days ago, directing the
secretary OF tne treasury 10 inform the senal9
as 10 the quality OF the cotton seized since the
var the amount ol proceeds OF sales, anu
DISPOSITION thereof, etc. Passed.
senator Carpenter lntroduced a olll proVlt
ing for printing Tor the 4 hl'eu 9taOss 81 PietlN
senator Hitchccck introduced a resolution
in Al after Monday next the senate meet ally
.,T I III O'Clock, and take recess lrom haA-
1,,st We TO seven O'Clock in the the evening
ser ator Sumner objected.
senator BOgy gave notice that ne WouIu ad-
,3r.ss The seuate tomorrow on the resolution
,eDorte.f from the huaEee COMMITTEES.
three o'clock the senate Went INTO exec
Al i've o clock the doors were reopened, and
rs rssol .Ou 10 adjourn over during The DOL
idavs was received from the house.
senator Edmunds objected 10 JUS luilhsI
consideration TO Gay. - ,
The chair replied that II was a JoinL resoiu- I
lion and the objection would not hold.
senator Sherman moved TO adopt. Lost, by 1
M Hamilton Nd. moved that the senate /
now proceed so the consideration OF the resO- /
senator Edmunds renewed his objection,
~ q raised the point or order that under tue /
~ sutV-s{ yth rule the resolution must lie over.
IN "a 1uld not be considered except Dy unanl- |
rnouAs consent The chairman oFerruleu IN, Lnt
rBiur OF order. The resolution Mas pelOtr
ibe senate and must be disposed Of in some
':tsss,1ator Thurman believed that the resolu-
..fio 7rnm-u on next Tuesday.
son qtor Scott moved % refer the resolution
o., ~ committee on civil service ana It-
frencb nenJ Lost Dy rising VOTE Heas d
5lnafor spencer moved to adjourn. Lost
Senator = riaht asked that the house bill 10
a.sIsniisn the compensation OF senators, rep
raseUtatives and delegates. be taken up. The /
bil was read twice, aud referred 70 Inc COM
.fnitf-e on civ vii service and retrenchlnenl.
The morning nOur having expired the re~o-
Iul OF reported by the committee on hhahce
las taken up.
t.7tor sherman said it seemed 10 be the
I.fr.t tn senate to enlarge upon this deD ile.
Tss aid I. .Ot propose TO engage IN IL, Dut hOpet
-Igf i've nenatOrs would express their views,
sts in yyaS the desire u the committee 70 aecef-
- ss n oar as possible, the wish OF the SET
-1,Iargeu1eut ,7r contraction Of the currency-or
10 return to specie payment. .
Senator Boutyrep 4 looked with apprehension /
,,..,1 ,71Z Tlian 10 re.uTn TO specie payment by 1
~ of contraction. The shock caused by /
contraction would be neiTlInehtal 10 DotIi
the private and public IN; ;ereslS OF tne coulC ~
nv He favored maintaining the volume OF
currency at the minimum point esiaDllsned
by law and wait for the deyeiopIneint 9I IN, t,ie
resources Of the country. He eXamlhed win
..afa an the propositions submitted 10 tile
s-nate ana they were principally OF Two soTl-'
1nIem 7ating either conlIacilon or e P,,io
sioq but he did not propose now 70 enter lnto i
~ a vzument Of the question. de Ielt u 70 's
his dizzy 70 resist an expansion OF currency - /
.1ob n, an would postpone the day OF Ieiulh !
=, : -. -. - Dayrnent; on the other hand, con- (
- IadJfon ,5o1Id inJure the business interests
oi me eouI y Owe thought there was eood
ypboIesome r., sson once Tor substituting paper 1
- coin but IN NJ reason had passed away long !
ago he thoug a, that II ine ne g0yertIleo
ite mi0bf term II or broken promises Ill /
would be little les than perpetration OF pub
lie crime, He hoped co9gTess S1oio ho' "u-
Senator Ferry Mich did not believe there
was much difference in the senate on lhe
.Juestion as TO whether our currency or gold
.hould be made eQ eQuiNalent. The only uiHer-
enee was in the method OF doing IL II cOuiu
not De denied that there was prOstraIlon now
IN the financial Interests Of the country. anu
In was a grave question whether this prostra-
lion should be counteracted by let-alone
policy Of legislation. He desired TO dlspel the
tllusion tnat the volume Of currency regu-
lated the price OF coin, and argued lhat when
we had a larger volume OF currency, coin was
lower than when We had a smaller volume.
senator Morton said the latin OF the gov
erigment was pledged 70 redeem our green
backs = coin. he dld not Gehy Ina, JnSI We
should steadily keep IN view return "
specfe payment. The question was whether
fhis vas the proper time TO adopt such meas.
ures There was a wrong time 10 DO a night /
ming and in his opinion, this was no, the /
lime 10 return to specie payment he oHereu 4
his protest against such language as lhaJ
!. I'D bv the senator from Massachusetts !
-,suruuerI that tue country was dishonOTed. 4
, Z bgd not been practicable al any time since /
he close OF the war 20 redeem our currency
d s.0aior sumner-Wu the senator permit 4
rn. 10 AL, whether, in this interval of Time,
We have not paid considerable amount OF 4
tre rational debit think a larger amount i
imam the outstanding legal-tenders We have
senator MOrtOn-Bui We never had enough I
"a N an hand at one time 20 authorize tis, or 4
=, make ID safe for Us. 10 redeem these notes
. senator sumner-Hy friend is aware /
that when we mad gold we pald on me
,Iebt instead Of paying the running ually eA-
uenses 81 the government
senator Morton replied that had our daaiy |
toms heel
s,ave been taken up and the treasury bank /
rupted in foIty-eighi hours
Senator Sumner-Mas not the original AuA- /
,,eugion Of specie payments, making our 1
na1rr incOnVeruble, essentially war
measure 10 csrry ON the war, and therefore i
-noufd ir rot nave oeeh tefihlhateu iiihie- \
s,,stcr Mortan-I agree with the Senator, |
aud vet u does not change my , eo1Tss OI aIgu-
Sanding was, when ihe noles We're lssue'', /
maj they would te pad When the country /
- - siie me war ceased seven years ago. |
~ ti,s consequences are upon uS TO-
dsv and ore Of them II that We aIe
not practically able 10 redeeih Ou' ..s no.es
There Il q sort OF faDaucisin aDoH1 aleei.
= -,-Tnenf 1 had it once rather Ded nlysTill
IN, experience and the lapse OF Dine cured euIed
M BE was In favor OF fegosh - sPSti. PSSf,,
,,, III mt W hen the condition of the 60 ntiy
lss,is -ermit. He Inquired II the has lite
49, - dopt dennite measures 70 return 70
specie pay ment Mnlle a panIy va va - sS,S,,,td
.r,rs me return 10 specie pHylneh snVu.o
- a., ,rosuerDue times. He denied tniu tue
- &c faciittatea matters for return % specie
S-nsfor -rIiI WI inquired II the
.,..nfienaan d.. not recognize The TACT !
mar dnripg this panic there had been a large
tddition fo the cuIrUncy IN circulation Dy
.irawing on the forty-four-n iilon reserN =
senator Morton reolied IN the ah,rRlHtNe' e |
and stated that llle policy was Oeneneent "
tAe country. The suspension OF specie pay. ]
-.tenfs had generally been the remedy lor
b. ~te not nesump ptiOn. hE wished 70 bt
I,ai ~Uofs1 - saying that the true relei iOi
unuei 'NCpE The last hundred year ilau
punics rgsufg ption nor cOnuactiSnl ]
not been 40 believe they won'd
aud he dla fsyoTed smau addltlon
cure Ours. He ~usfey Is lha true re1t6dy. /
10 the volume Of cul = Ia is RoS e. ic relieve
The government did al- ' and the 6ssUauae /
tbe panic al the Ueginnin- ssiiSon TeserSe I'D /
of a parl OF the forty -four m -. ,s,,v kno,,i /
much to restore confidence. IA ~iar0aa in |
edge that the currency was being e.. Te /
duced the people to put their money o. -
believed that the panic could se snorteh - !
- I'D every dav that IL was 20 leAsensu Wouiu 1
-, treat blessing. The English ana frspeh
- -. rnmsnts never At panics run thelE j
sonTs, e, but did all Ia the" ogNef 70 slolL=. -.
mem He believed that n the ~SftsbIlsn,, I
had. an tie beginning, put out the - "aS ~ ~ !
Ihaf forty. .fOuT-inllliOn reserve the naa
Srnuid have Oeen stopped Immediately. Ih-
president ana secretary OF the treasury, how
..-er anticipated tilat there would be fa ling
- IN the revenues Of the government ana
.,,-,nsv would be needed 10 carry 81 on.
-. Zon,a remarks bV Senator Tfraf, g..