The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-16
CON q r E s S.
Further Discussion Of the Financial
Situation In the Senate.
Mr.. MORTON CONDEMNS CONTRACTION
The Naval Appropriation Bill Passed by tht
House Without Amendment.
SENATE.
WASHINGTON, Jan. Is, 1874.

WASHINGTON, Jan. 10, 1874.
PETITIONS PRESENTED.
| Petitions were presented as follows:-
| BY Messrs Boutwell,, Fcnton, Buckingham and
Scott-From citizens in various parts Of the coun-
try, asking for the appointment Of . commission TO
investigate the manufacture and sale OF alco-
h0lic liquors. Referred TO the Finance Committee.
Mr.. FRNToN, rep) OF N. Y, presented Q petition
which he said had been forwarded to him by Miss
| Susan B. Anthony, President Of the Woman's
Suffrage Association asking for the right Of Suffrage
| for women.
Similar petitions were presented by Aessrs Sar.
gent. ingalls, and Logan. Referred to the Commit
tee on Privileges and Elections.
MI. BoUTw ELL, rep.) Of Mass, presented petit
| ton OF the New England Shoe and Leather Associ-
alton In reference to the extension Of the Post
Office grounds and building in the city OF Boston.
| Referred TO the Committee on Public Buildings
| and Grounds.
SALARY OF LETTER CARRIERS
| Mr.. RAMSEY, (rep.) Of Mnn.. from the Commit
tee on Post Ofices and Post Roads, reported favor
ably on the petition that the salaries OF letter
| carriers be fixed at 81 900 per annunl. and the
committee was discharged from further c0nsldera-
! BILLS INTRODUCED.
Mr. KELLY, (dem.) Of Oregon, introduced o rc.
certain the amount OF expenses incurred by the
| Territory OF Dakota In the armng and equipment
or troops to suppress Indian hostilities In 1862
Mr. MaIGn1 trep;l Of Iowa, introduced bill to
| ferred to the Finance Committee.
on Military Anairs reported favorabiy on the oil
Tor the relief OF certain settlers the Fort Ran
dolph, Dakota military reservation. Placed on
the calendar.
| Mr. SARGENT, (rep) Of Cal introduced reso-
| luton nstructing the Committee Finance to
Ap net I'D m IA
grain Agreed to.
UNPRoFITABLE NAIL ROUTES.
ton insruclins The Committee on Post oice s' and
tinuing the mali service on routes where the
actual receipts are not onetourth OF the expenses
RELIEF OF THE EAST TENNESSEE UNIVERSITY.
MIR. WADLEIGH, lrep) OF N. H., from the Commit
tee on Military Affairs, reported favOrably on the
bill for the relief OF the East Tennessee University.
! Placed on the calendar.
POSTAL SERVICE.
The consideration OF the bill to establish post
| routes throughout the country was resumed.
| Mr. MORRILL,, (rep.) Of Me-, again urged that the
| systems
| Mr. RAMSEY, rep) of Mlnn., said there were but
Blk or seven States IN the Union which paid the ex
penditures incurred by the Post ONCE Department.
for transporting mails In them, and he desired to
say TO the gentleman from Maine that his State
was not one OF them, and to the gentleman from
| Vermont that his State was not One yet the de-
partment had not been In the habit OF Curtailing
|
Mr.. MORRILL, of Vermont said his State paid for
the transportation of its mails; but the heavy
mails winch passed through the state for Canada
mont service. He did not desire TO attack the
Post Onlce Department, but wanted that depart
! ment to have an opportunity to economiZe as we'll
! as the other departments OF the government. 1t
should not be said that the department wanted TO
economic, but could not do so on account OF Con-
lished.
| Mr.. HANIIN, rep.) of Me-. thought that the Post
| Route bill should be carefully guarded. He would
| offer an amendment at the proper time to provide
that service should not be established on new
routes until an examination should be made by d
special agent, with view to ascertaining II such
Mir. FENroN, (repJ ofN r. offered resolution,
| which was agreed to, rcciting the prevalence OF
yellow fever in portions Of the United States last
directing the supervising Surgeon OF the Marine
yellow fever epidemic OF lS73 as 1t prevailed at the
various ports OF the United states, with especial
t. Sa Ct and hygiene
Pending discussion on the Post Route BILL the
morning hour expired and the senate resumed
consideration of the resolution reported by the
Finance Committee
NIB, MOTIONS ARGUMENT FOR EXPANSION.
OF Senator Scnurz made yesterday and said he
could not agree with that gentleman. He (Norton)
believed in order to bring our currency TO par we
must resort to some other means than contraction.
He was opposed to the reduction IN price OF labor
or commodities. II It be done 1t should be done
|
do 1t all at once He would descend from Lake
Erie to Lake Ontario over Niagara.
Mr.. SCHURI (rep.) OF Mo-, replied that the Sena-
tor was mistaken. He did not desire 1t all to be
done at once.
Mr.. MORTON replied that he accepted the correc.
ton OF the gentleman. The thoughtful sailor in
! going from Lake Erie to Lake Ontario would go by
way OF the Welland Canal, locking down gradually;
| but the impulsive one would go over Niagara, and
1t was 80 in regard to the resumption OF specie
payments.
| Mr.. FENToN, OF New York, said that while he con-
CURED In the views Of the gen tleman from Missouri
INT. Schurz) he did not desire to be understood as
should be done gradually and a time liked to COM
mence the resumption Of specie payment.
Mr. MORTON said the remedy presented by the
that offered by the gentleman from Missouri INT.
Schurz) -cOntraction OF the currency. 1t would
the proposition is that return to specie payment
by the contraction OF the currency. The great
lieved, Of the South. now thought the currency
CIRCULATION too small. He argued that the United
States could not be guided by the experience of
England In the matter or contraction. There was
hardly man In England living five miles from
bank. and most OF them lived in towns aud villages
IN sight OF banks. The iacities for bank credits
there were much greater than In this country,
and there was not the necessity for so
great volume OF currency. England, with her
81, 900 people, has 5000. 600 900 currency and
the Unite. ute o States with ner 4ooooooo people mas
gaa BE ana mot ns
had built railroads too fast. He did not believe
Senator on this floor would say his State had
been built in advance OF settlements, but they
were always the pioneers or civilization. Tie
inquired OF the gentleman from Missouri (Mr.
Schurz) what iour countries in Europe had made
the greatest progress in the last ten years.
Mr.. SEIZURE replied he could not answer now,
not having the statistics before him.
Mr.. MORTON said he had been informed that Aus
tria, russia, Germany and Italy had made such
progress Austria, the greatest comparatively
speaking, to the United States; Russia next, Ger.
many next and then Italy. During thus period the
currency OF Austria had been at discount OF 10
10 ~ cent, that OF Russia from 10 per
cent, and that Of Italy somewhere from to 20 per
cent. de desired to again state that the recent
panic In our country did not spring out OF any de-
feet IN our currency. The currency did not run
down during that panic, but, on the contrary, In
creased In value lie saw behind all this contraction
argument the old State banking system looming
| up. He hoped the country would never return to
| that system nor anything like 10. lie had UNDER
Chanlher uhe demncratsA hut txGa ax