, 1873-12-05
FQRTf-THIRD CONGRESS.
SENATE.


BILLS INTRODUCED.
Tho following bills were introduced and laid
on the table. to be referred to committees hero
By hrr. FOREMAN C,y. ya.)-To complete tho
wntor highway from the Jatnes Riror to the
Ohio, at tho mouth of tho Kanawha.
:. Dy Mr: INGALLS, (Kan. ITO construct npub-
u? hS sS1a'5 %s S5inyEssoN <Ky.)-ro renovs all po.
by: By Mr.. IodAN (nl.)-ro aid in tho execution
OF law fu Utah.
1rr. SHERMAN called his bill for tho redemp-
ton Of tho loan OF 1858, and 1t was PASSED.
THE EXISTING MONETARY .DERASGENENT.
Mr. FERRY (11ich.) calladup Ills resolution In
structing tho Financial Committee to report
bill providing ramcdy for tho existing moue-
tary arrangement. and addressed tho sonato III
favor thereof. Mr.. Getry's propositions are:
FREE BANKING.
Tho maximum clrroncy OF tho country, OK
elusive ot fractional. to bo $500, ,000 issued
by the Government direct and made lawful
money, ls SreeubacKb arc.
Immediate relief, through the uac of tho
si4,000, ,00u rcsoryo, and $56 .00o.o00 new cur
renoy in the purchase Of bonds, thus making up
tho $500, 600, ,0v0; this currency being convortl-
bio into currency bonds bearing G5-100 Dor cont
iutpre8t, recouv8rtlble into currency ou demand;
tho bonds not to bo ta1able.
Tho national currency to be exchanged for new
lawfnl-monoY currency, at tho convenience OF
the Government, within nuch practicable periods
AZ the Secretary OF tue Treasury may deslgnate'
The fractional currency to he substituted with
silver. and fractional curenoy. aa fast as 10 re-
duced, to bo destroyed.
Ferry concluded his speech as follovs: "Can
thore he hcsitation2 Over 4 million mon ara
thrown ont Of employment. 1T low average
wages tLis million-l,andcd losa is $1,0uo000
daily. Prolonged for year, the account Bwella to
hundreds Of millions, aud tells its fearful story.
Tho straits nt,d suffering entailod need no words
cHcape responsibility. It bears with oil tho
cumulative pressure OF daily demands for relief.
Tho appeal il to Congress-. Let uY act"
Mr.. Forry asked that tho resolution bo ro-
forrcd to tho Committee On Finance when ap-
pointed.
RIVER AND CANAL IMPROVEMENT. ...
Mr.. Bosemnn'a bill TO cotnpleto the water high
way fioln tidowator On thu James Iiyor to
the Ohio River directs tic Secretary Of
War to lay ont. construct. enaarge. and improve
River at Richmond. Vs., to tho Ohio River at tile
mouth Of the Kanawha River In West Virgtnia,
by way of the Jnules River ald Knnawha Canal,
| lilo james. JAckaon. Grcoubrior, Nav, and Kan
opon river navigation, not lees than soyo'ty
faes wide aud sovon feet dcopr with locAa not
less than l2o foot long and twonty foot wida aud
with capacity for vesaols ot u losst :, 2so tons
burden. Tho s.atos Of virgns and wozt yir,
States their interest in tho property
or franchise O! any corporation having
oiai,n to continuous liuo OF water communion
tiou projected md In pnrk completed by tho State
OF Virginia, md the cost Of tho work Ia then to
bo defraysd by the isauauco and aalo OF United
statos ten.forty, m per cent bonds. to tle
amount OF 5000 U0O. Provision iH also made
fortho purchase by tho Secretary Of War OF .pri-
yate atoch In tho James River q KauAwha Com:
pany, ut n cost not oxooediug 9a6 per share, and
| also for tile appointment Of Commissioners to
equip, maintain, and msnngo SAID waterway
when completed, one oaoh to to appointed from
| the S.atus OF pennsylvanla, WlsconBln Iowa,
Missouri. 1llnos, Indiaun. Ohio, kentucky, and
| West Virgiuia.
STANDING col&N1TTEEH.
51r. ANTHONY moved thpt tho Sonato rrocood
to tho election Of standing ComnlitteoH. Agreed
tn. Lie also ,uoved That the Tlirty-fourth ltule
! bo anlonflod by adding Il new committee, Rftol
| tho Committee OIL CIVIL Service and Rstronoh.
mont, aud that two tnoiabora to adlod to tht
! Colu,uitteeB OIL Foreign 1selations, Claims, ant
| EducAtiuu and Labor, Adnptol. Tho Sonate
! then eloetod tho Standing C0snmlttoes ~ fol
/ 10wA:
Irtvilsq<& aud Ettcitons-aIorton. Ohatrn,an Car
| penttr, Logan, Anthony, AleorAt Mitchell, slmaer
1Ian:sltoa ssld> saulahury. ., ,,,..,
llum!llou, Howe, FroliaBluyson, oanking, schurz
| B,ockton, hicoreary.
FYmnet-shersnan, Chairman Msrr1!A <Vt., Scott
Wright, Farry tMIs!'. Fsnsen nayara G,It.,, anz.,.
Wimluin, Weat, Anet, Sargent. Aiaon, Stevenson
Coun.errt-chan.l'or. Chairman; Bpenccr, oonk
lln:t, l,,tlin.h,ss. 1lnHwr', onfl"!', md DENNIS
| a.H|4fuJtHfeslloDtl tu, Cu1&ru.Ah 6lTSkuei aal
| 1ert. Etrtnn, mud hto. ttth.
Aprtau!sure-FrsluKl 0hAlrnAni hobart
| son, Lsnts, usuuis, aud Gordon.