Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-06-14

and reported back to the Senate amend
ments to the House bill repeating al
mOeties. Some were not agreed to, and the
bill was sent to a conference committee.
Mr.. Maynard made the Conference re-
port or
rhe Currency Bill,
and proceeded to specify the changes in
the bill as passed by the House and the
! substitute as reported bach from the Con-
ference Committee, the two material points
being: First, as to the proportion of legal
tenders to be cancelled on the issue of
more bank currency, 1t being now fixed at
three. .sighihs; and, secobd, as to the
time for the redemption of United States
notes in Government bonds, which is now
fixed for the 1st of January, 1878. These,
he said, were concessions made in opposite
directions.
Mr., Lawrence asked Mr.. Maynard wheth-
er he believer 1t would he practicable to
resuiIie specie payments on the 1st OF JAN
uary, 1878.
Mr.. Maynard replied it would be pract;-
cable to redeem if not in specie at least in
bonds issued under the act of 1871.
Mr.. Lawrence-Of what advantage will
that be to the public at largep
Mr.; Masnard--It will allow the holders
of legal tender notes to purchase gold inter
est bearing bonds, and then the Secretary
of the Treasury can use these very notes for
the purpose of calling in the outstanding
debt bearing high rate of interest. The
effect Of II will be to fund in few years
the entire public debt at a low rate of in
terest.
Mr.. Lawrence-Is there not danger tha.
that would be followed by a rapid contrac-
ton of the currency?
Mr.. Maynard-Not at all.
Mr.. Clymer, a member of the Confer
ence Committee who did not sign the re-
port made a speech, stating the reasons
for his dissent. He regarded the substi-
tute as
A Transparent Fraud,
intended to allow the Republican party to
escape cOndemnation,a and to bridge over the
coming election. The automatic financial
principle was that the only standard of mon
| ey was gold and silver. He would not favor
further disgrace and misery Of the country,
by voting for the Conference report.
Mr.. Kellogg rose to ask Mr.. Clymer a
question, but was met with general cries
Of ''vote" ''vote" from both sides of the
| House.
Mr.. Maynard regretted the absence OF
Mr.. Clymer's name from the report, be-
cause it might seem to give a sectional
character to the question Of currency, but
hoped the vote of the House would obliter-
ate any such idea.
The House then proceeded 10 vote on the
report of the Conference Committee and il
was rejected, yeas los, nays 146.
Among the yeas were Random Butler,
| Crutchfield, Harrison, Lewis. Maynard and
Thornburg-6. Messrs. Atkins, Bright
| Num- and WhitthOrne voted nav.
Mr.. Neglcy in voting aye, said he did Sc
| in respect for the views OF his constituents
but that personally he was opposed to
several of the provisions of the bill.
Mr.. Dawes moved the subject be sent Ia
| the new Conference Committee. Agreed
to, yeas l0S. nays Is.
The Speaker announced the following as
the Conference Committee on the part OF
the House: Dawes, McCreery and Mar.
| shall.
The House then went into Committee
of the Whole.
Mr.. Dawes in the chair-On the
Sundry Civil Appropriation Bill.
On motion of Mr.. Fort an item of $4,000
was inserted for printing the agricultural
reports for 1874.
| The appropriations made for public build.
ings under the Supervising Architect OF
Treasury included the Custom-house and
| POst-office at Memphis $4,000, and Custom
house at Knoxville, furniture, etc. $50, 900
Mr.. Butler, of b ass, offered the amend
| - xr-l,i.h I,a ,-,etarl,.~ %
abolish the
Civil Service Committee,
He accepted the proposition made by Mr.
kaSson, which makes it the duty of tn,
head of each executive department to pre-
scribe and publish rules for asceTtainin,
the qualifications of applicants for the ap
pOintments at his disposal. and to max,
such appointments only from candidate:
who have qualifications of honesty, efficien
cy and fidelity, and not a reward for mer
party zeal, giving preferences only to thOs
who have the additional quail
ficatiOn of an honorable recon
in military or naval service, and to max
such appointments as equitably and as pos
sible from candidates from the seyera
Congressional Districts. The proposition
also required the reasons for removal to b
entered on the record of the departments.
Mr.. Haskins moved to amend tn
amOuntby striking out that portion {
it proposed BY Mr.. KassOn and il
sert in lieu of it paragrap
to give preference TO soldiers and sailor
and their dependent relations. Agreed Il
Without disposing formally of Mr.. Bu
ler's proposition as amended, the Con
mittee rose and the House adjourned {
5:45.