The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-03-24

committee on finance.
Mr.. Morton spoke at length upon the
compromise bill, he was occasionally in
terrupted by Schurz, some sharp and rather
personal discussion between the two occur
ing.
Mr.. Conkling again took the floor and
said he had been sitting there and heard the
action of the present and former secretary
ofthe treasury commented on in issuing the
reserve until he felt his silence no longer
would be neglect Of duty. lie read from
the debates of 1868 wien the bill to retire
A, 900 coo was discussed and said the Sen
ate refused to incorporate an express pro-
vision that no part Of the money should be
issued again the secretary was not to
blame in constituting TIE law to enable him
to issue that reserve in case of emergency.
lie thought nothing short of the provision
which the Senate refused TO cngraft upon
the bill would close the door upon the issue
of the reserve. The charge that the sccre-
tary had been gully of usurpation of au-
thorty was unjust and unwarranted. es-
pecially in the body which had refused to
incorporate the amendment which would
have prevented any issue of reserve
Mr.. Sherman said the reason that the
amendment was not adopted was that the
the Senate thought the bill was perfect
without it and 1t was not deemed advisable
to send it back to the House after so much
time had been consumed He was sorry
now that the amendment had not been
adopted and thereby all this controversy
avoided. He hoped now that the Senator
would withdraw his motion to recommit
the bill to equalize the distribution of cur
rency, and he (Sherman) would then offer
the bill reported by him to-day, and no
substitute for the original bill matter would
then be directly before the Senate.
The Chair suggested to the chairman OF
the finance committee that a more simple
way would be to introduce the bill this
evening and have it made special order
for tomorrow.
Mr.. Sherman said in order to test the
sense of the Senate he would move to in.
definitely postpone the bill to cqualize the
distribution of currency and take up tho
bill reported by him this morning from tho
finance committee.
Mr. Ferry of Michigan said so mucl
time had been consumed in this discussion
that now upon the eve of taking vote il
would hardly be just to Indefinitely post
pone the measure for the purpose of taking
up n new one.
Mr.. Logan took the same view as th'
gentleman from Michigan.
Pending the discussion the Senate adj
journed at $50,
HOUSE
Mr.. Dawes moved to suspend the rule,
and discharge the committee of the whole
fro,n the four hundred million bill in orde
to have it considered in the House now.
Mr.. Maynard opposed the motion, sub
hitting that the question was involved il
a general bill reported from the COMMITTEES
on banking and currency.
Mr.. Butler Of Massachusetts, asked Mr.
Dawes whether he would admit an amend
ment.
Mr.. Dawes replied that he was instruct
ed by the committee on ways and means t
admit amendments that would reduce tn
sum below but would not admit al
amendment that would increase ii abov
S400, 900, 600
Mr. Cox of New York, asked Mr. Dave
what he intended 10 do with the reserve al
ready out
Mr.. Dawes replied that the amendment
which he proposed TO offer, was that here
: after the total amount of United State
circulation at any time, or any one tim
shall not exceed 1856, 900, 900, and direct
ing the secretary of the treasury to will
draw from circulation, and cancel wha
ever amount of such notes Is now in clrct
laton beyond that sum as soon as can l.
done consistently with the eXegencies G
the treasury
The motion to suspend the rules va
seconded by majority then the rule
were suspended standing 1853 to "a.
3 Mr.. Il. IL. Roberts offered an amen,
: ment providing that the total amount {
Y legal tender notes issued, or to be ISSUED
shall be and shall never exceed $685., 900
+ 900.
= Mr. Dawes offered an amendment n
r ready indicated by him and moved Il
Q previous question. After various attemp
to speak out of order the previous que
: ton was seconded hy 1872 to 20 and Il
e house proceeded to vote by yeas and nay
On the adoption of Mr.. Dawes amen'
ment as an amendment to Mr.. Rober
amendment the speaker explaining tn
it would require still another vote to Il
4 corporate in the bill ! the amendment W,
Y rejected yeas, 20, nays, III.
4 The question was then taken on Il.
$ Roberts amendment and 1t was rejected
!. yeas "a, nays ne.
4 Mr.. Cox moved to lay the bill on d
! table, negatived without yeas and nay