New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-02-08
CURRENT TOPICS AT THE CAPITAL.
AN ATTEMPT TO EXPAND THE CURRENCY.
IBY TELEGRAPH TO THE TRIBUSB.l

Monday get the rules suspended IN order 10 pass
bill expanding the currency to the extent OF Scoooo in
National Bank notes Under existing law the Controller
Of the Currency required take that amount Of crcu
lation from banks in States having more than their
quota and give 20 Western States The loss will fall
chiefly upon banks in the New.England States, parcu
larly in Boston. The banks that TO suffer this
depicting process naturally unwilling TO submit TO It,
and seek TO avoid II by inducing Congress to give the
West the s25OOO of bank circulation TO which it is
entitled in additional currency, instead OF transferring
it from them The growing feeling in favor OF speedy
return 10 specie payments is probably strong enough to
defeat Mr. MOnrOes BILL The expansion 1t proposes TO
effect would be a serious obstacle to resumption. The
object sought by the bill could be accomplished without
initiating the currency by authorizing the Secretary OF
the Treasury cancel greenbacks to the amount of the
new national bank notes issued Mr. Monroe does not
incorporate such provision because 1t would lose for
the hin the support of the Western members in favor OF
country There are stil few Of this class left in Con
gress. Representatives Foster and Merriam, who arc
strong advocates OF free banking nave Tor some time
contemplating movement TO test the sense OF the
House the question. 1t is probable that bill VIII DC
offered by Mr.. Merriam, on MONDAY ana pressed 20
vote under suspension Of the rules authorizing free
banking under tue requirements OF the present law as TO
the deposit OF L. {. bonds as security Or crcuatloh
THE SPANISH LANGUAGE AT WEST POINT.
dc bate that was intended be serious but which
was really very amusing arose in the House to-day. The
Military Academy Appropriation bill was under consd-
Grafton and amendment was offered to strike out
clause reported by the Committee to substitute English
Literature and Rhetoric for Spanish in the course Of
study The amountiof erudton displayed on the subject
OF the Spanish language and literature, and the differ
ence Of opinion uttered as to the utility Of acquant
ance with them were surprising. Mr. Sargent said there
was no Spanish literature worth speaking Of Mr. Dun
nell undertook to that the spanlards were but little
behind other nations in their literary accomplishments
GEN Butler thought Spanish essential study at West
enable officers to deal with other ma
tons this Continent We would nave 70 occupy Mex
leo this generation passed by aud he wanted our
officers when they went there TO be able 70 ask for
piece OF bread or glass OF water ne adnl'ed shat
there not much light literature In Spanish but that
was all the better for the morals of the Cadets Mr.
Young said he would not take thousands OF dollars
for what he knew of Spanish but acknowledged when
House finally voted down the amendment aud retained
Spanish in the Academic course. after spreadeagle
now born who would mount his horse and ride from the
Rio Grande 10 the Isthmus with the American flag
ton. An amendment was adopted increasing the pay
OF West Point professors to that OF OBSERVATION-DISCLOSURES
OF engineers during their first ten years service aud TO
that OF a colonel OF engineers afierward The Dill was
then passed.
GOVERNMENT TAX UPON BANKS.
In presenting, to-day, of the petitions
from the National Banks of the country 10 be relieved
from taxation Mr. Buckingham improved the occasion
to call attention TO the statement which accompanies
one made by bank Albany that its taxes amount 10
more than per cent its capital and about
10 make plea for the banks when Mr. Sherman inter
rupted him in order tell the Senate and the country
what the Government tax banks actually Is He said
that almost all of the per cent tax the capital
OF the Albany bank was state and municipal The only
national taxes on banks was one per cent on Their
circulation, out Of which the Government paid the eX
pense OF making the bills, and supported the entire
expense falling upon IT OF maintaining the NATIONAL
Banking system, and tax OF onhat OF one per cent on
moved win probably share the fate of all others OF
similar nature There general impression that the
national banks are not suffering very severely from
national taxation and that the profits capital in
vested in them much above the average OF those on
money invested in other enterprises
REPORT ON THE LOUISIANA CASE.
The Louisiana case now being examined by the Sen
ate Committee probably be reported to the
Oh Monday or Tuesday. Thus far the Committee
not agreed but evident that the marked
out by some of the leading members of the Honse and
prominent gentlemen in the state who avoid the entan
clement Of politics, but greatly interested in
the welfare OF the state VIII be followed by Senator
Mortons Committee. This prediction is that
the Committee will report bill to the Sen
ate declaring that there has been no legal
election in the State, and providing that
atre but not members OF the House. each House
is the Judge OF the qualifications OF its own members
The State Constitution Of Louisiana provides that State
officers hold over until new ones shall qualify but
is probable that 1t will not be urged that the Warmoth
party shall be reinstated until new election had, but
that the present de acto Government will be continued
until officers are chosen. Members OF the House
State have called on the individual members Of the SEN
ate Committee and recommended the action here marked
be recommended
GENERAL PRESS DISPATCH
The Louisiana investigation resumed at l0:B this
morning, when Mr.. Ray informed the Committee that
Mr. Bowie had spent the night In asserting papers
used by the Lynch Board and would deliver them
Gen. Mcmillan was examined by Mr.. Ray, and said he
had visited MorehOuse and Rchland. two parishes
IN the district represented by him in the State Senate in
1870 and the statement he had made concerning the
number Of coOred Fusion and white Republican votes
an opinion based upon his familiarity With public
stated that the papers now here had been
examined by him when in the possession OF the Board
carpetbag, containing afidayits relating 10 frauds
&C. papers furnished by the State Supervisors In
relation to registration and various other documents
he said, are missing. Mr.. Mcmillan asked 70 have his
REORGANIZATION by Mr.. Ray stricken out but Mr..
ON the arrival OF the papers referred 90 they
TO the room OF the Committee Privileges aud Eec-
tons where they examined by Messss. WarmOth,
McMiIn Ray, lynch and SOuthmayd, while the Com
mittee went into secret session upon preliminary
port.
MILITARY DISPLAY AT THE INAUGURATION,
Col. A. Webster, chairman OF the Committee on Mil.
tary Procession at the Presidential inauguration has
issued the following circular: AN military organZa
tons intending 70 participate In the second Inauguration
Of President Grant on lth Of March, NEXT are
speetfuly requested 10 notify the Secretary OF the Com
Inittee, Col. Timothy Luby Washington ID. e., al as
early day as possible OF the name ana Original uAe oi
II accompanied with band the name OF such. and num-
OF pieces also the expected time OF arrival In wash
lngOn The following Is an authentic list OF tne regular
troops that Will participate by permission or the becre
tary Of War; IN the Inauguration procession on the ih OF
March:
Fort Poote Battery b. "a ArtsTJ FROM Pot
hSDTOs Of artillery CVrSs sf Cadets