, 1874-02-14
WASHINGTON.


99HOHlE7Q I UiW.
{Continned from tho First paEe.,
ta7day having been prepared hastily. he deemed
it e1pedient to make come changes in the phra-
Eeo}ogy, and with the permission Of the Senate,
lie Withdrew that, and offered new substitute,
which provides for the issue of SAG, 600 Of
National Bank currency in addition to that now
il circulation, to be issued to banks ROW organ
lied, or hercnfter to be organized. and dissrin-
u;cd to the several states. in accordance with
Sec. / OF the act Of July 12, 1870
Ar. SALISBURY opposed any increase in the
volume OF the currency.
Atr. STEWART moved that, when tue Senate
adjourn to-day, it be to meet on Monday next.
Agreed to.
The question being on Nnght'a amendment Of
yesterday to strike ont j" twenty-five millions
as the amount of currency to be Withdrawn IRON
those States having an excess, and insert nifty
millions" Mr. SIBERIAN appealed TO- to SEM t'a
Committee. II the South and West wanted
more currency, this would provide temporary re-
LET He would, however, rather see the amena>
mens of tie gentleman from Iowa 1Wnghs}
adopted than hare the proposition Of the gen
tlenan from North Carolina (hlerrimon) engzaft-
ed on the bill Shon]d that substitute be put On
the bill, there would be no prospect Of q vote
Tor long time. aud it would destroy
the bill Of tho Committee, which
q
which would give relief to tho sections
wanting il. There seemed to be al impression
that this bill would be the last and would end
the fnancal question az to whether or not there
WAS to be an increase. He assured the gentle
man that SO coon as the Naval Appropriation bill,
which comes up next, should be disposed Of, he
would call up the resolution from tho Finance
Committee, declaring it to be tho duty Of Con-
grces at the present session to adopt definite
measures to redeem the pledge made in the act
Of forf IN
dempiion of United States notes in coin, aud
would press q vote On it. If the substitute of
the gentleman from North Carolina should
be agreed to BY the Senate. it would
tie result would be like the dog crossing tho
stream, who. after having secured d chunk Of
beef, and seeing its shadow in wntet, dropped
his beef and grabbed for the shadow, thuslosing
III. GORDON asked the gentleman from
the bill in order that ho (Gordon) might OTTER
substitute for the Committees bill, which sub
stitute provided for the issue Of the same
amount as that Of the gentleman from North
Carolina (ale1Timon), but authorized an addi-
tional amount to be assured only to those States
which havo less than their quota
1lr. MERRlMON said he had modified his
substitute so that the currency should be issued
in accordance with SEC. Of the act OF July l2,
1870 which provided that the money should be
issued to those States having less than their
proportion.
Dir GORDON withdrew his proposition to
offer thu substitute.
Air. CAMERON eaid he desired to offer an
amendment to tho bill, but WAS not prepared to
10 SO now, and, therefore, wished the Senate
would adjourn, as he did not want the vote to
be taken to-day. He could not vote for the bill
Of the Committee as it would give no relief, OF
such as it would give would be Of s very tenn
porary character. It was intended to relieve the
pain Of the patient, but would result in death.
His proposition was to extend the National
Banking system, aud take away the prejudice
nov existing against it, which compelled 1t to be
called monopoly. Not having his amendment
ready nov, lie moved that the Senate adjourn.
Mr- CONOVER moved that the Senate proceed
10 the consideration Of Executive business, and
Mr. CAMERON accepted that amendment.
COMMITTEE APPOINTMENTS.
The CHAIR announced Mr. Dorsey as MEM
ber Of the Committee on Appropriations, in
place Of Anes, resigned; Mr. Harvey as mem
ber Of the Committee On Mines and Mining, in
place Of C1ozier; Mr. pease rs member Of the
Co1nm,.toa on Enrolled Bills, in place OF A1nes
and Mr.. Harvey Us n member Of the Committee
on Mississippi Le7ees, in place Of Crozier.
Mr. LOGAN inquired Of 1fF. Cameron If the
proposition would bo as q substitute for the bill
OF the Committee.
Mr.. CAMERON replied in the affirmative.
Tho Senate went into Executive session, and
soon after adjourned till Monday.