New-York tribune., 1874-04-09
UoUsE OF REPRESENTATIVES,.


Mr.. NEGLEY Rep., Penn.), from the Com
mittee ON Commerce. reported bill giving consent TO
the erection OF bridge the Arkansas RIVER at
Pine Bluff. Ark. Passed.
Mr. SWAMI Dom, Md) presented memorial OF the
merchants importers dealers, and workers In TIN piate
of New York Boston, Philadelphia and Baltimore, FOR
the substitution of specific duty on imported TIN pIte
instead Of ad yal0Tem duty. -. -,
Mr.. PLATT Rep., Val, from the Committee on Pubic
Ruidings ana Grounds, reported bill authorizing tne
Secretary OF the Treasury to defer operations on puD
works authorized but not yet begun or TO Prccfgu Th
Referred on point OF order to the Committee OF the
MT' KIIIINGER Rep PENN, from the same Com
miIiee report the snet OF The alleged VIOLA VIOLA
ton of the Eight Hour law IN the New & iTR & ~ @
Icing Violated in the work done under the Government
supervision, aud that as TO the WORK Hone uuoF con
tractors there way OF enforcing tne law
Mr.. cox Dem. n. " believed that the EIght-lionr our
law should either be carried out or repealed IL had not
heeo carried out the public buildings either IN New
York elsewhere There was Jugge III tndt Ouslness
and he wished the House to take action on tHe subject
He had brought 1t to the attention OF the houe, anu
that all he could do In the presence oil an adverse
The report and testimony ordered printed. and
the Committee discharged from lis further consider
MIR SESSIONS Rep. NY), from the same Committee.
reported oil TO provide Tor the sale of the present
Marine Hospital and site, ana tle erection theroh oi
ne marine hospital at Pittsburgh, Pa.
After remarks from Messrs. NEGLEY (Rep.. Penny,
rxnIanati6n and advocacy OF the Dili Mr. GARFIELD
ep Ohio) offered amendment authorizing the Sec
tes ~ Pitsburgh to ca re such are
cared for in the Marine Hospital. The amendment
Mr. WOODFORD (Rep., ~ VI from the Committee on
Civil Service Reform reported bill providing that no
officer OF the United States shall directly indirectly
receive or paid, for his benefit any money
or property the United States, except his salary
compensation and tna public property shall be used
by officials by any person for private purposes; the
to be construed as TO prevent the payment OF
All actual and necessary travelling expenses when travel
ing on the legitimate aud necessary duties pertaining TO
'"r Mr. MAYNARD CRep, Tenn) inquired how the bill
would collectors OF ports, whose compensation
was made up largely Of fees Would it restrict to
their salaries and no more ,,,
Mr.. WOODFORD replied that u would
| Mr.. DAWES Rep., Mass.l offered an amendment by
inserting the words "or make any private profit
of the labor service OF any person employed by
United states labor or service Is paid for by the
The morning hour expired. and the bill went over
| THE CURRENCY BILL.
The House then, at lA5, resumed the consideration OF
| the Currency bill.
| Mr. COBURN (Rep., Ind) made speech in favor OF
the bill He denied the assertion that what the South
| and West lacked was not currency but capital. He
maintained the contrary that it was not capital they
wanted, but currency The census tables showed that
they had wealth and capital In abundance and quite
enough command the respect and 10 silence those
who nsolenty made such a statement. He could
safety in contraction, and none IN standing still The
| bill passed by the Senate was now the Speakers
his advice would be TO adopt that measure without
amendment as the best that could be done present
| lie argued that the banking system OF the country
was established and could not be safely changed The
withdrawal OF the bonds and the calling IN Of the bank
loans would ruin business IL would be better to add
fifty millions TO their circulation than oyerdTaW them.
The great lesson OF the panic that there should be
reserve OF currency the Treasury within reach OF
people The value of currency depended not on its
demptOn coin, but In the ability ana Willingness OF
the people pay taxes and 10 supply revenue 10 pay
the debt interest The way 10 resume specie paw
| this could be done by moderate expan-
| sion. Specie payment was myth every
| where. The banks always suspended
q run. Time and credit would work the Government
out Of debt and bringing up the currency the gold
| point.
Mr.. TOWNSEND (Rep., PENN opposed the bill as one
that provided for unlimited Imitation OF the currency
He opposed IT because II surrender OF the great
provision OF the Constitution which requires Congress
20 regulate the value thereof The House would be re-
crean 10 Its duty II II failed TO keep stern grasp Oh
| the currency, and restrain IL from oyerfowing its
bounds and running into imitation. To show the neees
sAry consequences OF imitation, he exhibited diagram,
| which was held up By two pages standing
| on the reporters desk. and on which ne
| traced the rise and fall Of the circulation at
attained It's greatest altitude 1t followed by crash
| by a financial panic lie warned the author of the
mli (Mr Maynard Rep Tennl that this bill was paving
the wsy 10 repudlatOn. This condition OF things had
been predicted thousand years ago, when Virgil
wrote Fdciis descensH Arerni Sed rtrOcare oradum
nc est labor Hoe opus es;" which, rendered into the
yernaeular meant that the gentleman from Tennessee
might provide for the Issue Of large mass OF shinpas
ers but that IL would hard labor to redeem
| them. Laughter lie argued that TINS bill would
der specie paymon indefinite and would prooaby post