Litchfield enquirer., 1874-02-26
The Currency.

The Senate was engaged most of last week, in the discussion of the Currency question. On Tuesday, Mir. Merrimon. of North Carolina, offered an amendment to the pending bill providing for it's recom- initial with instructions to provide for in- creasing the bank currency up to four hun dred millions. MT. Wright of Iowa, attack ed the banks, and Mir. Scott, of Pennsylva- mia, offered an amendment of Merrimon's proposition designed to compel bank re- sumption. MT. Sherman, chairman of the Finance committee, thought immediate resumption impraticable, and favored the conversion of greenbacks into interest bearing notes. He opposed imitation, and thought some step towards resumption absolutely necessary. MT. Morton op- posed the proposed taking of twenty-five millions of circulation from Eastern banks. On Wednesday, the discussion opened with an amendment from Mir. Chandler proposing the retirement of greenbacks, the issue of bank currency, and specie resumption on the 1st of Jan. uary 1875. Mir. Schurz claimed that money was now easy in the West. Mir. Ferry of Michigan, denied this and produced in- stances to the contrary, and Mir. Logan also argued for ''infation." MT. Scotts amendment was then rejected, 30 to 2S. MT. Howe's amendment was also defeated 40 to 16. MT. Buckingham then offered a substitute for the Merrimon amendment providing for free banking and for fund.- ing legal-tender notes into United States bonds which was also rejected.
 On Thursday the discussion of MT. Oameron's proposition for free banking and removal of the limitation on bank issues was discussed. MT. Ferry of Mich | igan, favored national circulation of greenbacks, but was willing to take an in- crease of bank notes if an increase of greenbacks was refused. MT. Morton op- posed immediate resumption. A vote was then taken on Mr. Cameron's amendment which was rejected, 32 to 26 A substi- ute providing for free banking and 8 conversion of U. s. notes into bonds was also rejected, 30 to 26. MT. Conkling thought the whole matter should be re-
 committed to the committee on finance
 without instructions. The following sub-
 stitute for MT. Merrimon's amendment
 passed without calling the Yeas and Nays: aH g That the Committee on Financel be instruct ed to report bill providing for the convertibility of United States Treasury notes into gold coin or | five per cent bonds of the United States, and also for free banking, under the provisions of | the National Bank act
 Pending motion to reconsider, the Senate adjourned, and on Friday, after considerable discussion, the motion to re- consider was carried and the substitute
 rejected. A vote was then taken on MT.
 Merrimon's amendment requiring the
 finance committee to report bill increas-
 ing the national bank currency to $4OO,-
 900, 900, and it was adopted, 2S to 25.
 The adoption of the Merrimon amend.
 ment is an apparent triumph for the ex-
 pansionists; but the majority is so small
 and the course of the Senateso vacillating
 that no one can predict the final result with any certainty.
 A HoTcHK1ssvrLLE horse, hitched near the store, pulled and broke his neck when Gold Cramner's screamer" lone of the wool on mill steam whistles) sounded, recently, says the Valley Sentinel. -Lewellyn Par ker, who died in New Haven, 11th inst, at the age of 43, was formerly of Woodbu- IT, and leaves g wife and three children. He was brother of Mrs. James Hunting ton. Mrs. Nathaniel Smith recently pre- sented Orenaug Lodge, with IA volumes | of Peter Parley's works.