Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-12-10
CONGRESSIONAL L.
Morrill, of Vermont's Financial
Bill.
Proposed System of Mississippi
Leveess
House Passes Bill to Pay Bonds
of 1868.
Field Day ON the Salary Grab.
a Lively Fusilade of Small Guns.
Negley and Cox Have a Set-tO.
A Vote to be Pressed To-day.
Field Day on the Salary Grab.
a Lively FusiIade of Small Guns,
Negley and Cox Have a set-to,
A Vote to be Pressed To-day.
SENATE.

SENATE.
WASHINGTON, ID. c., Dec. Q.-Bills werl
introduced by Mr.. Morrill,, of Vermont.
bib to provide for the resumption of specie
payments and free banking, Of which there
was previously given notice OF introduction
Referred to Committee on Finance. 1t di-
reefs the Secretary of the Treasury to issue
in return for deposits OF United States
notes TO the amount of fifty dollars or up
wards, $l00,000,000 of loan certificates.
payable in four years after date, and bear
ing interest at the rate of 3:65-100 per cent.
per annm. All the National Banks men
toned iii section 81 of the National Cur
rency act are authorized to held one-half OF
their reserve in these certificates and the
other half in United States notes or gold.
All other National Banks may hold any
part OF their reserves in these certificates
United States notes or gold, and any depoS-
it available for the redemption of circula-
ting notes may be counted as part of the
reserve of an association organized in any
of the cities named in the currency act to
which deposit may be due, provided no in
terest is to be paid or received therefor, and
all United States notes so received shall he
cancelled.
The Secretary of the Treasury is direct.
ed, at any time after Oct. l, 1874, to issue
500 six per cent gold bonds to the amount
of $300,000,000, with the proceeds of which,
when sold at par for gold coin, he shall, on
and after Jan. L, 1875, redeem in coin such
United States notes not bearing interest,
payable to bearer, as may be presented in
sums not less than one thousand dollars at
the treasury in Washington, or at the sub
treasury in New York, and all notes so re-
deemed may be reissued at the discretion of
the Secretary Of the Treasury in payment of
any dues of the United States except United
States bonds and interest on the public
debt. Finally, the bill proposes to repeal
all limitations on the amount of National
Bank currency, except restriction that the
amount of circulation issued TO any Ma
tional Bank shall not exceed ninety per
cent Of the bonds deposited as security, or
of the amount of its paid-in capital stock.
BY Mr.. Ingalls-A bill to arm and equip
the whole body Of militia of the United
States. 1t provides that 100000 be appro-
priated annually for that purpose, all the
arms issued to militia to be of the same
pattern as adopted for the United States
army.
A LeVee System for the Mississippi.
BY Mr.. Alcorn-A bill to provide for the
construction of leveeS on the Mississippi
river. 1t authorizes the chief engineer of
the army TO have surveys and drawings
made as soon as practicable for the location
design and execution of a complete system
of leyees for the reclamation of the Missis-
sippi between Cairo and the Belize; the
cost of the work to be betrayed by issuing
and selling United States bonds from time
to time as may be necessary, not exceeding
$}6,000,000 currency. The States benefit
ed are to cede to the United States all
swamp and overlooked lands within their
limits, and also other lands embraced with
in the base of said leyees. 4 tax on va
rious drainage districts is to be levied for
maintaining the leyees in repair The
leveeS are to be the property of the United
States.
The Vice President appointed Mr.. Al
corn a member of the Committee on Mines
and Mining, to fill a vac ancy on that COM
mittee.
Mr.. Morton submitted resolution in
the Secretary of the Treasury to
report to the Senate the amount of Imports
and exports between the United States and
Ndlidud utlAIll5 tuC y ttlo IClI diAu 1Ct-'
The Postal Telegraph.
Mr.. Ramsey introduced bill to provide
for the transmission of correspondence by
telegraph. 1t is in all substantial particu-
lars identical with the so-called Hubbard
bill for connecting the telegraph with the
postal service.
Mr.. Carpenter introduced a resolution
instructing the Judiciary Committee to in
quire if the twenty-fifth section of the
act Of 1889 was repealed by the
second section Of the act of 1867, and to
inquire and report if further legislation is
necessary. These sections regarded writS
of error to State courts. Passed.
Mr.. Morrill,, of Maine, introduced a re-
solution instructing the Secretary of the
Treasury to communicate to the Senate the
amount paid surveyors, naval officers, col
lectors of customs and detectives for the
collections of fines and forfeitures. etc, for
the ten years ending June, 1872. Passed.
The Presidency pro TempOre.
The ViCe-President gave notice that from
tomorrow he would be absent several
weeks and it would be necessary to elect a
President pro TEN.
Mr.. Buckingham called up his bill to
provide for free banking to secure elastic
currency, to appreciateithe national obliga-
tionS and to reach specie payments without
commercial embarrassment and explained
briefly the provisions of the bill.
At l O'Clock the Senate adjourned until
tomorrow.