The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-01-20

narrow the subject down TO the moderate
increase of the currency. He therefore,
withdrew the substitute formerly presented
by him and substituted the following:
! That the committee on finance be directed
i to report to the senate, at as early day as
practicable, such measures as will restore
commercial confidence, and give stability
| and elasticity to the circulating medium,
through moderate increase of currency.
Mr.. FreIinghuysen, of New Jersey, spoke
| against imitation, and in favor of return to
specie payments, making United States
notes legal tender. 1t was only an exercise
of war power, but the time had now come
when the exercise of that power should
cease, and an earnest effort should be made
to keep the solemn pledge of the nation. If
the system of paper expansion was insisted
on, the day or government bankruptcy would
be sure to come. In conclusion he presented
bill to secure the resumption
Of specie payments without a contracting
| currency, and il was referred to the commit
tee on finance. 1t authorizes the secretary
of the treasury to issue S225, 900, 900, in six
per cent 1910 bonds, to be disposed of from
time to time for the purpose of purchasing
SOC, 900 900 of government coin, with which
to redeem the legal tender notes of the Uni
ted States, and it shall be in the discretion
of the secretary Of the treasury, so soon as
/ he shall deem it expedient with such
amount of gold as for the time being he may
have procured, to commence and continue
the redemption of legal tenders. When re-
! deemed, they are not to be reissued, except
in exchange tor gold coin at par, and when
so reissued. they shall be redeemable in
of legal tenders outstanding and re-
deemed shall at TO time exceed $3.50, 000, 000
| The bill further provides that, if after COM
mencing such redemption, the government
shall be unable to redeem part of said legal
tenders in gold, the secretary may redeem
them by exchanging the aforesaid bonds at
par for them.
Mr.. Gordon, of Georgia, introduced reso-
luton directing the committee on civil SER
| vice and retrenchment to inquire into the
expediency of reporting bill to reduce, as
far as possible, the compensation of all
officers of the army and navy, whose salar
les exceed 5000 per annum. and asked that
it be laid on the table for the present. 1t was
| so ordered.
A message was received from the house
announcing the adoption of the resolutions
of respect to the memory of James Brooks
and Wilder ID. Foster.
Mr.. Fenton addressed the senate on the
life and character of Mr.. Brooks, and Mr..
Ferry. of Michigan, delivered a eulogy on
Mr.. Foster, after which the usual resolu-
lions ofIespect to their memory were adopted
and the senate adjourned
HOUSE.
The following dispatch was sent TO Gov
| Davis by the president this morning:
EXECUTIVE MANSION, Jan. u, 1874.
To Gov. Davis, Austin, Texas:
| Your dispatches and letters reciting the
action OF the supreme court of Texas in de-
| claring the late election unconstitutional
and asking the use of troops to prevent APP
pretended violence, are received. The case
is not made in accordance with the constitu-
ton of the United States and the acts of con-
gress under it, and can not be granted. The
act of the legislature OF Texas providing for
the recent elections received yoCr approval,
and both political parties having made nom
nations and having conducted a political
campaign under its provisions, would il not
be prudent to yield to the verdict of the peo-
pie as expressed by the ballots.
House resumed the consideration OF the
bill to promote education.
Mr.. Dawes, of Massachusetts, expressed
his sympathy with the measure, but the
Government, like individuals, was found to
cut its coat according to its cloth. The gov
eminent was no more justified than indi-
viduals in borrowing money to pay current
expenses, and he did not think that congress
was at liberty, in time Of peace, to impose
new taxes, except under absolute necessity
He appealed to those having charge of the
bill to postpone its further consideration till
some day when an exhibit of receipts and ex-
penditures would justify its support.
Mr.. Phillips, of Kansas made an argu-
ment against the bill.
Mr.. Hoar, of Massachusetts,, moved to
postpone the further consideration of the
bill until the third TUESDAY, in March.
y Mr.. Holman, OF Indiana, suggested Deem
Il Der, to give the people an opportunity to
texpress their will on the subject, at the next
elections.
Mr.. Killinger, OF Pennsylvania moved to
to lay the bill on the table. The motion was
reiected. Yeas, l04; nays, I35; and then the
bill was postponed until March. The house
then. at halfpast one, went into a committee
of the xvhnlQ the ra val riafi ion
bill.
The following amendment offered by Mr..
Randall, of Pennsylvania, provoked con-
r siderable discussion: Any person holding
any office or appointment under authority of
, the United States, who shall contract for, or
authorize or consent to any expenditure
|, with any fiscal year, over or beyond the APP
preparations for such year, for the purpose
| for which such appropriations may have
been specifically made, or who shall at any
time contract for, or authorize or consent to
! any expenditure over and above the appro-
priat ions made before such time, shall be
guilty of misdemeanor, and upon conyic-
ton thereof, shall be fined not less than
7 81 900 and not more than $4,000. The dis
: cussion turned largely on the extravaganza
: of the supervising architect of the treasury,
in the erection OF public buildings all over
the country.
/, Mr. Beck. of Kentucky, asserted that, al
though the cost of the New York postoffice
was limited to g, 000, 900, and of Boston post
Office 70 81, SOC. 900, the former had already
cost 6,000. 900, and the latter nearly three
millions. The amendment was allowed to
!, lie over for future action. Without making
much progress on the bill, the house took up
the senate substitute to the bill in relation to
salaries.
i Mr.. Hurlbut, of Illinois. said it had been
1 his fortune to present to the house meas
ure, which the house had passed, and to
which the senate had adopted substitute.
He proposed to accept that substitute as a
e sa isfactory solution of the vexed question.
He didn't propose to lead in the measure,
but would yield the floor TO the chairman of
the select committee, to which the house
g had originally referred the subject.
: Mr.. Hale, of New York, said In order to
/ bring the house to a vote on the bill without