The New York herald., 1873-12-10
HOUSE OF REPRESENTATIVES.

At one O'Clock, on motion OF Senator CoNKLING,
the Senate adjourned until to morrow.
HOUSE OF REPRESENTATIVES
WASHINGTON, Dec. Q. 1873.
COMMITTEE CLERKS.
Mr.. BUFFINTvN, rep) OF Mass, from the Com
mittee on Accounts, reported resolution author-
izing the employment OF clerks by such committees
as were authorized TO employ clerks last Congress.
Adopted.
PAYING THE LOAN OF 1858.
Mr.. DAWES, (rep.) OF Mass nom the Committee
OF Ways and Means, reported a bill to provide for
the redemption OF the loan OF 1858. 1t differs
somewhat from the like bill passed by the Senate.
1t declares that l0r the purpose OF redeeming the
bonds issued under the act OF June IA, 1885, 1t Is
the pleasure Of the United States to pay all the
coupon and registered bonds OF the loan OF 1858 on
the 1st OF January, 1874 at which date the interest
thereon shall cease, and it appropriates money to
carry out that provision.
The second section authorizes the Secretary Of
the Treasury to issue an equal amount OF five per
cent bonds in exchange Tor such bonds Of 1858 as
the holders thereof may desire to exchange on or
before the 1st Of February 1874, provided that no
commissions allowances whatever be paid Tor
sucn exchange of bonds
Mr.. KELLY, rep.) OF Pa, moved substitute for
the bill. 1t proposes to pay the loan OF 1858 in
cash. and not to authorize any exchange for the
five per cent bonds
Mr.. DAWES proceeded to explain the bin, and
said the reason why the committee did not report
back the Senate bill was in order to avoid any
question or conflict between the two houses as to
the right OF the Senate to originate money bills.
Referring to his remark the other day, denying that
any commission had been allowed to the Syndicate
in connection with the Geneva award, he added
that no person, whether belonging to the Syn
dicate or not, mad ever made any claim
on that transaction, and that not dollar
was paid. The inference which the pubic points
had drawn arose simply rom the tact tnat Great
Britain had employed some OF the gentlemen who
were also IN the Syndicate to transact tnat business
for IT at It's expense and without the cost OF
mill to the United states Government He opposed
the substitute offered by Mr.. Kelly and referred to
the TACT that the paper promises OF the govern
ment were floating unredeemed all over the
country in the shape oi legal tender notes. He
thought that while that was the case 1t was better
policy to give to the holders OF the loan OF 1858
the option OF exchanging their bonds tor the new
tive per cent bonds.
MI. KELLEY advocated his substitute, and said
that 1t proposed to save to the government the
$1,000 900 year which mignt be imposed
upon it by allowing the loan OF 1858 to be con
verted into five per cent bonds instead OF being
paid at once, while the money TO DO SO lay dead IN
the Treasury. and While the American people were
tihcates OF deposit. He denied that the
legal j. tender notes were s.., promises to
many dollars, and dollar was what the sovereign
power declared should be dollar. There was no
ton. He wanted 1t proclaimed to the nation that
the United States government was not only ready
to pay, but was deter mined to pay, that debt of
f4,0 ,oO0 that it was not, like Turkey and the
Central American states, going on the London
Wa % Df Rs loan n Se na
OF last month there had been $s3,Ooo,ooO
Rising GOA Balance was as unbecomng this 'er"y grea
country to palter about the redemption OF
S2o,000,0 600 loan. He trusted that Congress would
not place the country in any sucn numiiiating
position. He trusted that Congress would not I'M
PAIR American credit abroad by leaving any cynic
to suggest doubt OF the government to pay
s2o0o0,O0o, and he also trusted that Congress
would at an early day provide legitimate govern
ment employment for the greenpacks OF the coun-
try by revising the sy stem OF temporary loans.
word "coin' should be substituted for the word
committee to that OF his colleague (Mr Kelley
MIR. WooD (dem.) OF n. u, also opposed Mr.. Ke
lily understand why that gentleman wanted money
taken out OF the Treasury. 1t was that there
might be an excuse for increasing the taxation.
Mr.. KELLEY protested that he was AZ much op-
posed 10 an increase OF taxation as the gentleman
from New York, and would vote against 1t shoulder
to shoulder with that gentleman.
MIR. WOOD said that he could attribute the gen.
tleman's proposition to no other motive than the
desire to take money out OF the Treasury so that
the people might be further taxed to replace it. He
was opposed to that proposition and In iavor OF
converting the fve per cents into permanent
obligation OF the government as last as that could
Mr.. BECK, tdem.) OF KY, favored the BIN OF the
Mr.. Kelley II the $40, ,000u 100 should be paid out OF
the Treasury that amount would have to be raised
tie motive OF the gentleman rom Peansyivanias
but he would say that all men who sought to i'm
pose burdens on the people @ pie would be glad to have
Mr.. BuRcHARD, Tep.) OF ILL.,, moved to amend the
bill by prohibiting the payment of interest the
nve per cents from the 1st OF January to the time
when they should be exchanged, and stated that
that interest which he wished to save would
be nearly 100000. He denied the assumption OF
not promises to pay In gold and he sent to the
Clerks desk and had read the decision OF the Su-
preme Court that dollar meant coin.
Mr.. Burchards amendment was rejected.
Mar. DAWES, in compliance with MIR. Randall's
suggestion, moved TO substitute the word "coin"
for s.moneyn in the bill Adopted.
Mr.. GARFIELD, repJ ofOhio, moved as an amend
make up the deficiency q duty OF fve cents .
pound be imposed upon tea and three cents ON
coffee, and said that at this moment the expendi
lures OF the government were beyond the reve-
nues. The revenues Of the last month had fallen
of as to make deficit for the month just closed
tute, but II it were to be adopted he desired to
have coupled with 1t the provision which he had
Mr. KELLEY made the point Of order that Mr.
Gardeld's proposition was not germane to the sub
stitute and the Speaker so ruled.
The substitute itself was rejected, and the bill,
as amended, was passed.
REPEAL or THE SALARY BILL.
The House then, at nalEpast one O'Clock, pro-
ceeded to the discussion OF the bill Tor the repeal
Of the increase Of salary law
Mr. Cox, (dem.) OF N. Y, spoke in favor OF the
repeal but expressed his preference for the bill
presented by the minority OF the committee. In the
course OF mis- remarks he said :Some sinister inier.
ences are sought to be drawn IRON the allegation
that returned this money on the S0th OF April,
the day my predecessor died. Even II this were
true the inference Is false. rs until my father's
death, and at my mothers request, had an inten-
tion OF going abroad for long voyage. My fare was
paid for In the Java This was after Mr.. Brooks
death, but the letter sending this money back is
in the HERALD 1t Is dated April 70, and In 1t
my brother-in-law says l ordered IL to be
returned the week before, so that some fortnight
before Mr.. Brooks death my intention was known.
While In Florida with Mr.. Willard Of Vermont, he
knew the fact OF my intent to have been the same
as his. On the death OF my uncle and subsequently,
of my father, and being compelled twice to 20 to
Ohio on mission, could only remember my duty
TO the dead. All such lnferences are from ignorant
or conceited malice. When I0pposed the bill in
February, as the GlO6e shows, made an ironical
remark, received as such, that when q gratfied