The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-03-24
CON q r e s 8.
SENATE.
WAsn1NGroN, March go.

MIR. Chandler presented resolution
from the Legislature Of Michigan, prsyinl
Congress 10 amend the postal law 90 q
TO permit the free exohage OF newspaper
and their free circulation In couniie
where published. Referred.
Mr.. Ferry, Of Michigan, presented
petition signed by seven hundred busines
men Of New York, asking that the volum,
OF legal tenders be fixed at four hundrcC
millions, and iavoring free banking. III
read from letter accompanying the peti
tion in which the writer said he had iount
the head Of nearly every business estab-
lishment In favor Of moro currency Rnt
free banking. Referred.
He also presented petition Of the cit
liens Of Wayne county, Mich, asking
that legal tenders be substituted for Nat,
ional Bank notes. Referred.
Mr.. Boreman, from the Committee on
Territories, reported without amendment
Mr.. Ramsey's bill providing for the form
alton Of Pembina Territory. The new
Territory Is 10 consist Of that portion o.
Dakota which lies north ot the 10th par
allel, embracing an area OF about II ,00O
square miles. The line Of the Northern
Pacific Railroad runs through the pro
posed Territory about midway,
Mr.. Conkling presented resolution Of
the New York Cotton Exchange, which
he said was signed by every member
thereof, protesting against initiation of the
currency, and asking legislation for q
speedy return 10 specie payment
Mr.. COnkliDg spoke in favor Ol immedi'
ate action on the financial question.
Mr.. Logan presented memorial OF the
business men Of New York asking Con-
gre1s to take immediate action on the
financial question; to increase the legal
tenders to 100000, 900, and provide ior
free banking. a..f..
Mr.. Boreman presented q petition oil
the citizens ol his State asking an appro-
priation for the improvement Of Kanawha
river. Referred.
MIR. Thurman, from the Committee on
Finance, reported a bill TO provide Tor the
redemption and reissue OF United States
notes and for free banking, and gave
notice that tomorrow he would offer 1t as
a substitute for the pending financial bill
to equalize the distribution OF the national
bank currency.
Mr.. Sherman said the bill was a com.
promise measure, and was the result oi
great labor on the part OF the committee.
Some Of its features were not approved oi
by all the members oI the committee,
and he himself had given his adhesion to
some Of its provisions with reluctance.
Mr. Sherman presented preamble and
resolutions from the importers and gro.
GERS and Board OF Trade of New York,
demonstrating against any increase in the
volume Of paper currency, and tavoring
an early resumption Of specie payment.
The morning hour having expired, the
chair announced that the Senate would
resume the consideration Of House bill
to equalize the distribution OF currency,
that being the special order for to-day.
The Senate then resumed consideration
of the bill to equalizs the distribution oil
currency, and Senator Morton addressed
the Senate at length thereon. He said
that the issue Of United States not.s
should bc declared legal up TO an aggrc-
gate Of four hundred millions. An in
crease OF currency TO meet the demands
OF an increasing business is not initiation
in any reasonable sense. Currency is the
instrument of business and should increase
with 1t. He asked no other increase than
free banking will give.
Mr.. Bsysrd spoke OF the action OF the
Secretary OF the Treasury In Issuing a
part of the $44,000,000 reserve, and said
it was fragrant violation OF the law.
Mr.. Wright defended the action ot the
Secretary Of the Treasury.
Mr.. sherman hoped now that the
Senator from Connecticut buckingham
would Withdraw his motion TO recommit
the bill to equslize the distribution of the
currency, and he (Sherman) would then
offer the bill reported by him to-day as a
substitute for the original bill. The matter
would then be directly before the Senate.
The Chair suggested 10 the Chairman
OF the Finance Committee that II more
simple way would be to introduce the
bill this evening, and have II made the
special order lor to morrow.
Mr.. Sherman said that In order 10 test
tho sense Of the Senate he would move
to indefinitely postpone the bill to equal.
ize the distribution Of currency and take
up the bill reported by him this morning
from the Finance Committee.
MIR. Ferry said that so much time had
been consumed in this discussion, and
now upon the eve Of taking vote, It
would hardly be Just to indefinitely post.
pone this measure for the purpose Of tax.
ing up a new one.
Mr. Logan took the same view as the
gentleman from Michigan.
Pending discussion, Mr.. Stevenson
moved to adjourn. The motion was
adopted and the Senate adjourned.
HOUSE.
Under a call OF States bills were intro
duced and referred as follows: Repeating
the law which forbids the payment for
army supplies, &C., to persons not known
to be opposed to the rebellion. By Mr..
Averill-For the relief o! settlers on rail.
road lands; also, granting lands to Mime.
sofa to endow an astronomical observa.
tory and school. By MIR. Smith, OF Va
Authorizing the Washington, Cincinnati
& 81. Louis Railroad Company to extend
and construct It's line into tho District OF
Columbia and through West Virginia,
Ohio, Indiana and Illinois 10 St. Louis,
and q branch road from some point on It's
line in Indiana 10 Chicago, and giving
the guarantee Of the United States on lis
first mortgage bonds as the sections Of the
road are completed. r.
BIr. Garfield, from the Appropriation
Committee, reported back Senate bill ap.
propriating $40 900 tor the expenses OF the
District Investigating Committee. Passed.
Mr.. Dawes moved to suspend the rules
and discharge the Committee OF the
Whole from the four hundred million cur
rency bill in order to have It considered
in the House now.
Mr. Maynard opposed the motion of
submitting the question as It was included
In the general bill reported from the
committee on banking and currency.
MIR. Butler, Of Massachusetts, asked
Mr.. Dawes whether he would admit the