, 1874-01-17
CONGRESSIONAL RECORD.

WAsilNa1ox, D. O., Jan. 10.
PETITIONS.
Numerous petitions woro presented asking Tor tho
npontent committee atsdr to nseagse te 'no-
RAILWAY BRIDGE. ,,
Mr.. ALL1sON presented petition OF Tho caicago'
nnSsra nsrd y 1as Ind osa IL
struction Of bridge acrosa tho alssousl at o'nson'
4"' HURTS or DEPARTED JUSTICES.
hIr. HOWE, from the Committee on Library. r.
ported fayoa on s M aPon1t1aE saa Ens.s for
tho Supreme Court room. Passed.
ADJOURNMENT.
MI. LEWIS moved w1eu tho Senate adjourned To-
Mr. MORTON honed tho motion would bo Withdrawn
as The Senate should dispose Of the finance resolution
this week. Tho nlotion was Withdrawn:
a I'LL to establish post-routes was taken up and
pending discussion tic morning hour EXPIRED anu TUG
o On motion Of Mr. SPENCER, It waa ordered that,
when tho Senate adJourns To-day. 1t be to Monday
Mr. DAVIS offered q resolution inssrlctng the A.
to communicate 10 the Bennte aii The
information In his office relative to tue sale OF n tos
% reFeF% ereo ' h 5ar
Committee.
Mr, LOGAN introduced It'll making rettrenenta IN
the army aud narlno corrs obligatory after certain
ngc. ncferrct1. Also, bill authorizing appointments
aid rroul0on In tho medical anI ordnance depart
ucnts Of tho army, aud for other purposes Referred.
ALSO, bill to increase tho pay department OF tic army
rHE FINANCE RESOLUTION.
Tho confederation of the resolution reported " Tue
Finance COMMITTED was resumed, and Mf: suEMAAN A.
saly true standard Of yaluc, aud no other could 10
ealSnliated Bills Of exchange, drafts and promia,,
sory notes we,scd H. settlement lon In someFcn,
Englhd whero the specie standard o. ynuo a zealo-
y maintaned only per een Of commsrcal settle
nzcd tho importance Of maintaining their paper at
specs value, and performed IT. while tho United ssaes
oays SaSs M
notes In coin was because Tho United states
did not so redeem its paper, r Tho Unite! ts!
paper money tho National Dapks woniayo to redeem
loolr notes in god CONGRESS ID bound po.i py public
eis % standard. aud N lis rsad fso% tno aet q
strengthen tho public credit, aud saa that tho United
s ~ It a ae sfso ne1fs e cer
ho rested h.a argument on that pledge alona That
pledge to redeem these notes at tho earlicst pract
promise? Congress nate promise in rcsponse to tho
public voice, aud say to you with SORROW that Co
e m sour our papsr % q &c so -Four
havo pahsou away since then, and dollar III grecn
hacks Is worth no more than It was n March, 1s1o
to discuss them. Tho Congress- Of tho United statea
uad done oct tho tendency Of Which would lead ono
hundred millions Of tho public debt hud been paid,-
haeht not yet dae-and not snsle ao'ar of tho aeht
aded to our orroncy nt1'ce ths act Of 1885, On Jup
3o 1860, the lega,tcnders outstanding amounted to
I'd to s3!s aso " IN increase Ii. this form Of
rurty Of 339 The fractional currency, which
~ 1es9 AMOUNTED nan to s275oa92s now amounted
nooao. AID again % the i Nannal Banls ts ersula. s
lion had been increased from 5000 789oOo to s33o
0o00a0. 1le arguoA that 1t had been psacaca-
ec during tho last four ycara to advance our notcs to
specie vnlae. II not, when would it be !? s,und tho
fhn
debt 10 paid Ouo.tGnth of the amount OF money
which bud been used to pay tue public debt not due
TSis hing Of s posponng % ae ment aoi' omss
o a. not e longer na'tainsd with view Of reue, E
e n y &C., e pubic Ss so @ e.
years before thin "consu.nyaaen most aeyoased'y u
BE- wished bo reached If tho inlation!sts wanted
thsy Wild want anosher ,siov,0oo, GO ,aoseq Men
would always % in debt, ard awaya DO demanding an
where our M as,cestoru stopped At the Close Ao q
the Revolution. lie regarded It Is. tho erowntng
close ii the war redeemed ali its oiigaiona Ills
present IL tho time to stop and bring currency to
gold standard. Esory bond or note Of the Govern.
ntercst sta and ii principal saoa b. paid II eon Lad
Tho provisions Of tho Legareder act been carried OIL
s1aty th!ngn lad been done ii imes of e1ccment snt
peril, when tho Government waa in danger, which
Re ] e. s9 sase BE o s DC u " hoss es s
reviewed tle anancsa! policy Of tle Government snc
the war md regretted ho act Of APRIL 90, which DC
them into interest-leartng bonds q. par. Nor
nvi1s had resulted from that act than from an
sion Of Congress, WHOM Andrew Johnson WIS Pres
ident, CougrosB had ranscl funding bill, III the evil
which hive grown out Of our dinordore1 eurreto
cited then. The question Of differences between tn
prcstdeat aud conErcss aud questions Of civil wat
nf April 49, 15Ge,was pussed utter M huIra debatc IN
conferred upon the Secretary Of the Treasury power