The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-02-03


congress may receive their compensation
monthly, from the beginning of the term
until the beginning of the first session OF
congress. AS the law now stands, members
receive pay for nearly nine months before
they are sworn in. or perform any duty. Bv
Mr.. Orth, of Indiana, to provide a national
currency for redemption thereof in coin. and
for the redemption of circulating notes here
tofore issued by and under the authority of
the United States. The bill embraces what
is known as the. Indiana plan of financial
relief, and provides for the issue by the
United States of 81 000, DOC, 900 circulating
notes. TO be known as the United States
gold bonds, the notes to be of various de-
nominations, which are to be held in the
treasury as reserve and exchangeable at par
for any out standing bonds of the United
States at the pleasure of the holders. They
shall circulate as money aud be used by the
government as the national bank currency
now is. That for the purpose of expediting
such exchange repositories are to be estab-
lished in all leading cities of the United
States, under PROPER safeguards. That the
interest accruing on all bonds thus surren
dered to government, shall be retained by
the government, and shall with the fifty per
cent. of coin be accumulated in the treasury,
not needed for paying interest on the public
debt, constitute sinking fund afterit reach
es the amount of four hundred million dol
notes issued under this act. The bill further
provides that any national bank may sur
render it's bonds now on deposit
in the treasury and receive gold bond
notes to the amount which, when added
to the notes heretofore received by such
bank, will be equal to the par value of such
bonds, and such bank may at any time sur
render its notes and receive in exchange
gold bond notes under this act, and when
this is done, such bank is relieved from the
redemption of its notes or from holding any
reserve, but shall in all other respects exer-
else it's rights and privileges under the bank
ing act. Any national bank failing for two
years to surrender its bonds now on de-
posit, shall redeem its currency in gold.
Outstanding legal tender notes shall be re-
deemed at the same time the redemption of
gold bond notos is commenced under this
act ---s--z-.-
Mr.. Bland, of Missouri, introduced bill
to incorporate an eastern and western trans
portation company, with a capital of
S3, OOO, 900, to maintain and enjoy a railroad
from Port ROYAL harbor, South Carolina, to
Leavenworth. KS, via Macon, Ca, and
Memphis. Tenn.
By Mr.. Shanks. of Indiana. providing for
survey by the army and navy engineers of
a ship canal from Lake Michigan to the Mis-
sissippi river, near Cairo.
Bills were introduced by Mr.. Mills, OF
Texas, for the removal of all troops in the
southern states to the western country
protection against the Indians.
q. +. Hoar, of Massachusetts, to prevent
the payment of interest on national bank
deposits.
Mr.. Beck, of Kentucky, moved to suspend
the rules and pass bill relieving from the
payment of duty all articles sent from for
eign countries for exhibition at the Phila-
delphia centennial exposition.
Mr.. Dawes and others suggested that the
\; ton in ito
Butler, of Massachusetts, suggested derisive
ly to limit the extent of any one persons
importation to 500 tons of one article. Un-
der the new rule adopted last week, requir-
ing motions to suspend rules to be seconded
by majority, the question was put, but
there was no second, the vote being "a
to 102.
Mr.. Poland. of Vermont, moved to sus-
pend the rules and adopt the resolution in
structing the judiciary committee to inquire
INTO the legal relations existing between the
federal government and the local govern
ment OF the District of Columbia, and the
exact character of their mutual obligations
in regard to municipal expenses, and
whether some accurately defined basis of
expenditures can not be prescribed and
maintained by law. The rules were sus-
pended and the resolution adopted, yeas
l59, nays ~.
Mr. Garfield, of Ohio offered a resolution
to regulate the estimates aud appropriations,
and to fix the number and compensation OF
customs employees. Adopted.
Mr. Garfield offered resolution author
izing the committee on appropriations to in
sert section in the legislative appropriation
bill repeating all laws that authorize perma-
nent and indefinite appropriations to defray
the expenses of loan and treasury notes, or
other paper issues of the United States. and
requiring the secretary of the treasury here
after to submit detailed estimates of the ap-
lAG- IL.
penses. Adopted.
Mr.. Young, OF Georgia, offered a resolu-
ton instructing the committee on ways and
means TO inquire whether there was any
necessity for the continuance in office of
the supervisor otinternal revenue. Adopted.
Mr.. Buckner, of Missouri, moved to sus-
pend the rules and adopt resolution calling
on the secretary of the treasury to furnish
information as to members of congress who
are shareholders in national banks. The
resolution was rejected, two-thirds not
voting in the affirmative-yeas 1885, nays 96
The house then proceeded with the West
Virginia election case, and without coming
to vote adjourned.
SENATE.
WASHINGTON, Jan. q.
Mr.. Morton addressed the senate in favor
of the resolution. He said the constitution
declares that congress shall have power to
regulate commerce among the several states
The supreme court, in several decisions, has
defined commerce to comprehend inter-
course as well as traffic; passengers as well
as merchandise. Commerce entirely within
the limit of one state is not in the meaning
of the constitution. The power to regulate
commerce must be exercised wherever the
subject exists and operate upon the subject
and those engaged in its prosecution. The
power to regulate and govern the whole in
cludes the power to govern the constituent
parts. The power to regulate commerce in
wolves the power to regulate the means and
nstrumentalities by which it is carried on.
Without this it could not be executed.
Courts have always held so. Commerce
pertains not more to water than
to land. Transportation is part
of commerce. Congress has made
regulations of every kind over the construc-
ton and management of ships and steam
boats. This was upon the broad principle
that the power to regulate commerce in
Guided the power to regulate the instru-
ments of commerce. Congress has no more