, 1874-03-31

A1ossrB. Buckingham, Flnnagan, Kelly, Scott,
Stockton. Edmunds, mud Stevenson, who would
lave voted in tho negative, were pnirotl with
Alessrs. Mest Drownlow, Clayton, Cameron.
Ramsey RYriglt, md Dorsey, who would have
voted ltithe affirmative.
Mr.. SCOTT moved an amendment to tho
tho National Bank circulation to tho extent Of
eiG 00o, 900 All additional section providing that
OIL Jan. !, 1877, The Secretary Of tho Treasury
sllall pay on doma1sl at tho Offices OF tho Troas
nrcr Of tic United States, aud Assistant-Troas-
nters at New York, Philadelphia, Cincinnati, st:
Louis, New Orleans, to any holders Of United
States notes to tic amount Of 300, or any null
tiplo tllcroof, in exchange for such notes an
equal amount Of coupon Or registered bonds Of
tho United States in Hich form as le may
some multiple of that Bum, sedeemablo in coin,
after ton ycars from tie date OF their issuo ut
tho pleasure of the United States, bearing por
cent interest: Re|ectel..,:yoas, 6; nays, 81.
Mr. .FR12LINGHUYsEN moved OIL amendment
tint the anrpus revenues of tho United States
bhall bo used for tho purpose Of accumulating
gold coin in the Treasury, tic Secretary of tho
TrcaHury being, nevertheless Mt lbarty to soil
btich amount 0f said coi1l NJ lnay be necessary in
order to meet the demands for currency for
which receipts Of currency ara not sufficient, and
authorizing the Secretary Of tho Treasury to
issao and sell coupon OF Registered bonds Of tho
Unitod statos, not exceeding 800 600, ,ooo, Of the
denomination Of $50 or some multiple OF that
bAtHi Ataeat!aan1b Nv tAO ptShSMo VI tAo OAlttu
States after ton years, and boaring 5
por cent interest, tho proceeds Of aueh
bonds to DO used to purchase gold ooin,
which ahall DO employed to redeom logal-tondcr
notos, the President and Secretary Of Tho Troas-
ury to Tx tho timo for sncls redemption, after
having accumulated sufficient gold coin, tile
loSal-tel,Gor notes 10 reloened NOT to 10 rois-
sued except in oxohnnge for gold coin at pnr
t'ron|dcd, that II, after tue commencement OF
said redemption tue government shall bo unable
IN rn1rorY, n mn 1f aunf.tafiI1ara Il, mill
coin, tho Secretary OF tho Treasury may issue
the requisite amount Of bonds. OF tho Aamo
character us above. and rcdeem auoh part with
thoao honda: l!ojeotodl yeas, II; nays, a.
section Of tho bill, which provides for the retro
mont Of United States notes in tho ratio Of 10
nor cont Of additional National Bank notos au-
thorized by tic bill.
Mr.. SHERMAN said ho desired to offer an
amendment to tho section before the yotn was
untlor tho old usnges Of tho scuate was in order
beforo the motion to atrilo out, but tho
Chair tbts usorutns having ruled u
similar amendment ct tho,gontleman from Maine
the ruling erroneous, aud that 1t wouid lead to
complications Aoronftor. The section OF tl6
bill proposed to DO stricken out provided that tho
retirement Of 70 par cent Of tegal.tenera should
tl1orized in the previous section. Tho sonato,
however, struck out the S982 900 900 in the iirat
section and inscrtod s4o0, ,0Oo, ,000. and now l4o
{6hos1nan) would lnoyo to insert si01 000, 900 in
tho fourth section IN place Of $sSa 0oo goo, but
could not do 80 unlcr iha ruling OF tue Chair. Oh
tue motion to strike out the whole section was
pending.
Tho CHAIR said lie saw tho difficulty, but had
made tho ruling In accordance with the rules Ut
tho Senate as ho understood thom.'
Mr. HAMLIN said the ruling OF tho Chair
would royorao tho practice Of tho Senate for
many years past.
After so,no discussion upon tho ruling Of tho
Clair and praotico Of tho Senate, Mr. LOGAN
said this whole Flnanco bill wan a Hotlon,o for
contraction, and lc hoped the section would ho
atriokon ont.
Tue CHAIR announced 1fr. Wndtolglad nd ulen-
her OF tho Oommit!on on Privileges N1,l ls!oc-
tionp, and Mr. FrelinHllnyson w 4 nulnhor Of
tho Committee 4R Education aud Labor iu place
Of Sumner, dec1ased.
1lr. MoCronry was also announced as a 1ncna-
hor nf tbs Confpronc0 Con,,ultt.o on tho bill IN
relation to tho paymons Of corsatn Indian hunul~