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

I'll make thee ruler over many" [Laughter.l
Then Pinchback was sent to the Senate.
Whatever else may be said of those rascals
down there, they certsinlydo not forgettheir
associates. lRenewed laughter.l When his
friend from Indiana (Morton) came
down on him Thursday with his artillery,
and heavy ordnance, he would commend
him to careful examination of the testi-
mony just read. Mr.. Carpenter said he
would next proceed to consider the inter-
middle. While this contest was going on.
Kellogg commenced suit in the United
states court. and Judge Duren issued
his restraining order, and It was
a most remarkable document. On the
9Th of December there was another judicial
proceeding which has had no parallel in this
country or England. At night this same
Judge Durell issued an order to seize the
state house. The testimony showed he went
to his lodging about eleven o'clock p. NJ.
and feeling like it, issued the order. No
bodv had applied for it. He was not sitting
in chambers; hot holding court; but at his
lodgings issued an order to the United States
marshal to seize the state house. 1t
wrs seized; company OF troops put
therein and that company held it for more
than six weeks, while the farce of organizing
the legislature was being enacted and these
two men-Pinchback and Ray-were elected
while the state house was so held by troops.
The act of congress authorizing election cases
to be brought before the federal courts, APP
piled only to instances where the parties
were prevented from voting on account of
race, color or previous condition of servi-
tude; so Durell had not even de-
cent pretext for jurisdiction. A
more remarkable proceeding than that
of Durell's could not be found anywhere.
Such orders were never issued in Russia or
Turkey. By his very act he organized both
sides, putting republicans in and democrats
out or the state house. He (Carpenter) sent
to the clerks desk and had read an order of
that judge, and said he wished it was in his
power to to have them read in the hearing of
every citizen of the United States
After the reading, Mr.. Edmunds said it
was evident that his friend, Carpenter, was
becoming more worn out, and he therefore
moved that the senate go into executivs SEES
sion. Carpenter agreed to this motion and
the senate went into executive session and
soon after adjourned till tomorrow, when
Mr.. Carpenter will resume his speech.
HOUSE.
Mr.. Maynard, from the committee on
banking ard currency, reported a bill to
amend several acts relating to national cur
rency, and to establish free banking. The
bill was read
After discussion as to the disposition to bs
made of the bill, the house refused to re-
currency, and it was sent to the committee
of the whole, with the understanding that
it be called up for discussion in two weeks.
Mr.. Maynard also reported bill limiting
the amount of United States notes in circu-
lation to $500, 900, 900, and allowing their ex-
change into convertible 45-lO0 bonds.
Referred to the committee of the whole.
The following is the text of the bill:
Be it enacted, etc. That section 81 of the
act entitled an act to provide a national cur
rency secured by pledge Of United States
bonds, and to provide for the circulation and
redemption of the same, approved on the
Sd day of June, 1854. be so amended that the
several associations therein provided for
shall not hereafter be required to keep on
hand any amount of money whatever by
reason of the amount of their respective cir
culation, but the moneys required by said
section to be kept at all times on hand shall
be determined by the amount of deposits in
all respects as provided in said section.
Sec. 2. That section 81 of said act and the
several amendments; hereto, so far as they
restrict the amount of notes for circulation
under said act, and the same are hereby re-
pealed and that section one of the act emit
tied an act to provide for the redemption Of
three per cent temporary loan certificates,
and for an increase OF national benk notes,
approved on>the 18th of July, 1870, be so
amended by repeating the second provision
said section contained.
Sec. 8. That every association organized
or TO be organized under the provisions of
act, and of the several acts in the amend
ment thereof, shall at all times keep and
have deposited in the treasury of the United
States, in lawful money of the United States,
a sum equal to per centum of it's circula-
ton, to be held and used only for the re-
demption of such circulation; and when the
circu lating notes of any such association or
associations shall be presented. assorted or
unassOrted, for redemption in sums OF 81 600
or any multiple thereof to the secretary OF
the treasury, or to the assistant treasurer in
the city of New York, the same shall be re-
deemed in United States notes. All notes so
redeemed shall be charged by the secretary
of the treasury to the respective associations
issuing the same, and shall notify them sew
orally on the first day of each month, or Of
tener at his discretion, of the amount of such
redemption; whereupon each association so
notified shall forthwith deposit with the
treasurer of the United States in United
States notes equal TO the amount of its notes
so redeemed, and when such redemptions
have been 50 reimbursed, the circulating
notes have been so redeemed, or if worn, mu-
tilated or defaced,
NEW NOTES
Instead shall be forwarded to the respect
i've associations, provided that each OF said
associations shall reimburse to the treasury
the costs of the redemption and ofsupplying
new notes in place of those redeemed, and
the associations hereafter organized shall
also severally reimburse the treasury in the
costs of engraving and printing their circu-
lating notes; and provided further that the
entire United States notes outstanding in
circulation at any one time shall not exceed
the sum of S4O0, 100000, now authorized by
the existing law.
Sec. 4. That any association organized
under this act, or any of the acts of which
this is an amendment. desiring To withdraw
g a no N WI Crt in
upon deposit of the lawful money within
the meaning of said acts, in sums not less
than 900 with the treasurer OF the United
States, withdraw proportionate amount of
bonds deposited in pledge for such clrcula-
.tion, and he shall redeem, cancel and des-
troy an amount of circulating notes of such
association equal to the amount issued on
such bonds.
Sec. 8. That sections 81 and 80 of said act
be amended, by requiring that such of said