South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1874-04-03
Forty Third Congress.


introduced to incorporate the National I'm
ion Savings Blnk cf the District Of Colum-
bia. The discussion on the bill 10 provide
tor the redemption and reissue of United
States notes and for free banking was re-
sumed and vas participated IN by Massrs.
ScHURZ, BoGY. BAYARD, WRIGHT, CoNK-
LING, aud SHERMAN. Pending the debate
the Senate went into executive session.
10 the House the day was principally oc-
cupled in the DISC ussion of the railroad or
Interstate transportation bill. The main
question was then put and was carried By
vote of--yeas 1873, nays 90 The prcvi-
ous question on the ,ssiee of the bill was
interrupted by demand for the reading Of
the engrossed bill, pending which the louise
adjourned.
La the Senate, on the och, a bill was
introduced to provide for the admission Of
New Mexico into The Uuiou. The bill ap-
propria'ing $50 600 tor the improvement
ot the mouth of the Mississippi was passed.
The Senate then resumed discussion of the
bill To provide for the redemption aud re-
issue OF United States notes and for free
banking. Numerous amendments were Of
fered and discussed some were rejected
and others adopted Pending further con-
sidera'ipn of the subject the Senate ad.
journed.
In the House resolution WIS offered in
siructing the committee OF naval affairs to
inquire into and report on the propriety of
removing the navy yard from Washington
to Alexandria, Va. Tho House then re-
sumed consideration Of the transportation
bill, the question being upon lis passage
Il was pass by vote of l2l yeas to Is
nays. The Senate amendments to the for
tiicl,ion appropriation bill were agreed TO-
ln the committee Of the whole tho bill to
amend the several ao's providing nnii)ua
currency nnl to establish free banks was
under discussion, pending which the House
adjourned.
The Senate, on the 9th, resumed con. .
sideration Of the bill to provide FOR tho re-
demptiOn and reissue of United States
notes and for free banking. Mr.. MORRILL,
offered an amendment that no part of the
additional issue of legal tenders TO be au.
thorizad shall be used in the purchase Of
United States bonds above par or for the
current expenses Of the government This
caused lively and somewhat personal de-
bate, which was ter minated by its with
drawai. An amendmen; offered by Mr.
LOGAN provided for the removal Of all re-
strictinns in banking. Mr.. SHERMAN op-
posed the amendmnLt on tho ground that
its effect would be TO take all the banking
capital to the East to concentrate it aroul i
New York city The discussion was con
tnued at some lengt. NJ new views were
elected. P-nliog the discussion Ia, $ m
ate went into executive session anl then
adjourncd until Monday.
In the House discussion was resumed on
the bill to amend the several acts providing
a national currency and for free btnking.
Various amendments were offered aud dis
cus-ei but no definite result was arrived at
The House, on the 2Srh, met for dobaio
only and the day was exclusively devoted
to discussion on The bill TO amend tho Sc
veral acts providing a naiioal currency for
free banking. Messrs. BRIGnT, WHIT
TGoNE, BECKNER, CoTroN, anil CLARK
participated in the debate. Mr. BECK, Of
kentucky, gave notice that he would at
Tho proper time Offer an amendment in.
cressing the tax on the national blnk cir
cull,ion to one-f1urth of one per cent. a
month.
In the Senate, on tho 30th, the bill to
provide far the redemption and reissue Of
United States notes aud for free banking
was taken up, the question being upoo tho
motion 20 strike out the second section of
the bill, which refers to the redemption Of
United States notes after j inuary |, 1876.
in specified sums in gold, or coupons or
registered bonds OF the United States of
the denomination OF $50, or some multiple
Of that sum, as the Secretary of the Trea-
snry may prescribe, redeem bIe in coin
after ten years fron tho date Of heir issue,
bearing interest Of five per cent. &c said
bonds t. be exempt from taxation. Mr..
SHERMAN hoped the motion would not
prevail, as il was the most important fea.
iure Of The bill The motion was carried
by vote Of yeas %, nays % a large
number vt Senators were paired and did not
vote Mr.. MoUToN moved to strike out
ihe fourth section Of the bill, which pro-
gides for the retirement of United States
notes in the ratio Of seventy per cent Of the
additional bank notes iissuol Psuding
Discussion on the motion the Senate ad-
jcurood.
In the House no business Of importance
was transacted.
ETA rRAPtzE performer bamed SYL.