The New York herald., 1873-12-12
Kletk Stephens Defines DemagOsism and
Defends the Salary Law.
NO PROGRESS IN THE REPEAL.
SENATE.

Mcssrs. Anthony and Stevenson were appointed
tellers, and vote being taken by ballot, 1t re-
suited as 1OllOws:-
MI. carpenter 3Z
Mr thurman. .........,.............. 10
blank.
The whole number OF votes cast was As; neees
Bary to a choice 25.
Mr.. Carpenter, having received a maj ority or the
votes, was declared elected, ana he was escorted
TO the chair by Mr.. Thurman.
Upon taking the chair Mr.. CARPENTER said
Senators please accept my grateful thanks.n
The usual order directing the Secretary to notify
the President of the United States and the House
Of Representatives OF the election OF Mr.. Car
penter was made.
LIQUOR TRAFFIC.
number OF petitions asking for the appoint
ment OF a commission to regulate the traffic in al
coholic liquors were presented and referred to the
Finance Committee.
BILLS INTRODUCED.
Mr. CLAYTON, trep.l OF Ark, introduced a oll
and overnowed lands in the State of Arkansas
under the act OF March g. 1860. Referred to the
COMMITTEE on Pubic Lands.
name and title OF the Unlled States Agent and
Consul General at Alexandra to Agent and Consul
BY Mr.. BoGY, (dem.) OF notwithstanding from
and alter April l. 1874, the payment OF customs
duties one-haf IN legal tender notes and one-half
BY Mr.. PRATT. crep.) of Ind-Reating to the re-
m0va OF causes IN certain cases from the State
BY Mr.. WRIGHT, trep.) of Iown-Relative to
rules OF practice IN United States Courts.
bin for the relief Of certain tribes OF Indians in the
Northern Snperintendency. Referred to the Com
Mr.. GORDON, ldem.) Of Ca. introduced bill to
repeal the section or the bill OF March 3, 1878, for
bidding the Tree transmission OF periodicals, maya
ZINES and newspapers through the United States
mails, and restoring that privilege. Referred to
the Committee on Post Onices and Post Roads.
FINANCE REMEDIES.
Mr.. WRIGHT, (reD.) Of Iowa, said during his tenn
p0rary absence from the Senate yesterday two
resolutions were reported from the Committee on
Finance. While he did not concur in either he con-
sented TO that reported by the majority 1Or the
purpose OF getting the question before the Senate.
He did not see the necessity OF hasty legislation on
tins subject but was in favor OF additional crcu
latl0n as the increased population and business
interest OF the country demanded.
FUNERAL EXPENSES OF THE LATE EXECUTIVE CLERK.
MI. BUCKINGHAM, OF Connecticut, of1ered a reso-
luton directing the Secretary Of the Senate to pay
the widow OF John NJ. Morris, Executive Clerk
VI the Senate, $50 for funeral expenses and an
additional sum equal to two months pay. Re-
terred to the Committee on Contingent Expenses.
LIQUOR TRAFFIC.
Mr.. HOWE, trepJ OF Wis.,, introduced bill au-
regulate trafc in alcoholic liquors. Referred to
the Committee on Finance. 1t provides for the
appointment by the President, with the consent OF
the senate, OF five commissioners, to investl.
gate the alcoholic liquor traffic in Its econo-
mic, criminal, moral and scientific aspects
the public health and general welfare OF the peo-
pie, and who shall also inquire and take testimony
40 to the practical results OF license, restrictive
and prohibitory legislation for the prevention Of
intemperance in the several states OF the Union.
The commissioners are to be appointed rom civil
LIE. irrespective OF political or partisan cOnsidera-
tions; are to hold Office for one year; to serve
without salary or other compensation, except the
payment OF incidental expenses, and are to make
their report to the President, by whom 1t shall be
transmitted TO Congress.
HOLIDAY RECESS.
a concurrent
resolution that when Congress adjourn on Friday,
the 10Th inst, 1t be to meet again on Tuesday
Objected to by Mr.. MORTON, rep,) OF Ind., VINO
said, "there was decided objection to that"
CHEAP TRANSPORTATION.
Mr.. WINDOW qep.) OF Minn., offered resolution
that the Select Committee on transportation
Routes to the seaboard have authority TO hold
sessions during the holiday recess at such places
~ they may select, and that they have power to
send for persons and papers. Passed.
ST. PAUL AND PACIFIC RAILROAD.
Mr.. RAMSEY, (rep.) OF Mlnn., introduced bill
extending the time for the completion of the St
Paul and Pacific Railroad. Referred to the Com
CURRENCY CONTRACTION.
Mr.. SUMNER, (rep) OF Mass, called up the bill in
troduced by him on the first day OF the session for
substitution of compound interest Tor legal ten
der notes, &c, and addressed the Senate IN favor
earliest day and would support any measure to Sc
cure that end. He thought our currency ARTIFICIAL
rather than natural. 1t could not travel abroad
The only remedy is to make our currency cosmo-
D0litan that 1t may be allied by the currency OF the
world. He thought Wall street IN its worst orgies
and In its saloons OF speculation, which were so
many hells, was quickened In health by our ma.
tional policy. He would make our currency as good
as gold, and the gold OF the world would come to
our assistance. Imitation was death to bus-
ness; contraction was the proper remedy.
The bin he offered had received the encourage
ment OF prominent fnancers and business
men. 1t had been approved by the Boston
Board OF Trade and leading newspapers OF the
bill was in the nature OF contraction but without
taxing o dollar rom the people. Money would be-
rates Of interest would fall to normal condition.
Interest would cease to be oppressive, and money
would dow in regular channels OF business. The
terests would receive new life. The ruling
price OF agricultural products is hxed by
sns little nd moya e now sne for
products than he did ten years ago, he has
TO pay from so to rs per cent higher for boots and
shoes and other necessary articles. The present
disordered currency owed its origin to Congress-.
The exigency of war has ceased now, and Congress
should Improve our financial condition. The bill
was referred to the Finance Committee.
REBELS REHABILITATED.
rho%as s '1n Ve john Reagan
iexas, and Others, was passed.
ADJOURNMENT.
Mr.. ANTHONY moved that when the Senate ad-
'oaIn to-day IL be to meet again ON Monday next
INTERNAL TRANSPORTATION.
Mr SPENCER, from the Committee on Commerce.
reported back bill introduced by Mr. Fenton early
IN tne session. to provide for the better protection
facilitate commerce and diminish the expense OF
the exchange between States, and 1t was referred
W the Committee on transportation.
BANKS WITHOUT CIRCULATION.
the Dill 10 authorize the organization OF National
banks without circulation was taken up.
Mr.. BAyARD, tdem.) OF Del, said he did not think
II wise that the banking system OF the country
should be extended. IL would be far better 10 20
back to first principles In finance as on ali other
questions, and let the people In their own
remedy the evils under which they suffered
Mr.. SHERMAN trep.l OF Ohio. said the bill did not
confer any privileges other than to allow the ban
10 assume the name OF national bank. He hoped it
would he passed.
Mr.. SCOiT, repD OF Pa, questioned the propriety
Of passing the bill. He hoped to see more
legal tenders and less national bank currency.
Mr.. FRELIK6HUYsEN, repD OF NJ. j., hoped
further consideration OF the bill would be post
poncd, that Senators might have ample time to
examine Its provisions.
called up at an early day.
CONGRESSIONAL COMPENSATION
MI DAVIS, tdem.) OF w. Va, submitted the FOL
lau m lufl