Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-04-01
CONGRESSIONAL
The Finance Bill in Statu Quo.
House Passes Louisville Canal
Bill.
A Wall from South Carolina.
SENATE.

SENATE
WASHINGTON, March, 31.-Mr. Sargent
presented memorials signed by 2,2T6 citi-
zens of California. setting forth the evils
arising from the use of intoxicating liquors
and asking for legislation to prohibit the
sale and panufacture Of such liquors. Re-
ferred.
Mr.. Ferry of Michigan, from the Finance
Committee, reported fayorably on a bill
authorizing the coinage Of a twenty cent
piece of silver at the nints of the United
States. Placed on the calendar.
The Senate then preceded to the con-
sideration Of bills on the calendar.
Pending the discussion the morning hour
expired and the Senate resumed considera-
tion Of the bill to provide for the redemp-
tion and reissue of United States notes and
for free banking, the pending motion being
thatpf MIR. Morton to strike off section 4 of
the BILL.
Reforming the Rules.
Mr.. Sherman said he desired TO amend
the section but under the ruling of the
Chair, his motion was not in order while
the motion to strike out was pending
Mr.. Carpenter, (Mr. Anthony In the
Chair) said it was the duty of the pre-
siding officer to interpret the rules. In
making the ruling yesterday he was govern
ed by the rule of the Senate. The prac-
tice of the Senate for the last twenty years,
may have been different from the strict in
depreciation of the rule but that was by gen.
eral consent.
Mr.. Sherman offered a resolution that
pending substitute for whole bill or
motion to strike out a section of bill, it
shall be in order to perfect by amendment
the section proposed to be stricken ont.
Mr.. Carpenter offered as an amendment
a resolution amending the twelfth rule, so
that pending motion 10 strike out and in
sert, the part to be stricken out and the
part to be inserted, shall each be regarded
for the purpose of amendment as a ques-
tiOn, and motion to amend the part to be
stricken cut shall have precedence.
Agreed to.
Mr.. Sherman called up the resolutions
submite by him.
Mr. Morrill, moved to strike out in the
fourth section Of the bill, 20 per centum of
the amount of United States notes to be
retired as additional national bank cur
rency is issued, and insert 80 per centum.
Rejected; yeas 20, nays 81, Cooper voting
yea.
The question then required on the mo-
ton of Mr.. Morton to strike out the fourth
section, and it was agreed to. Yeas 20,
nays %, Cooper voting nay and Brownlow
paired off.
Free Banking.
Mr.. Gordon offered an amendment pro-
viding for free banking, and to give to each
State the same amount of circulation in
proportion to wealth and population as the
State of Maine now has.
Mr.. Logan accepted this in lieu Of his
amendment offered several days ago.
DeeentralizinG.
Mr.. Fenton moved an amendment repeal
ing the 23d section of the act of June, 1864,
which provides that national bank currency
shall be taken at par, and providing for Ger
tain central points where national banks
shall redeem their notes in legal tenders.
Mr.. Morton said the whole effect Of the
amendment would be to deprec,ate the ma
tional bank notes,
Mr.. Frelinghuysen said the new imitation
being authorized National Bank currency
would be low enough.
Mr.. Fenton's amendment was rejected,
yeas II, nays 81.
CIteriOr Redemption.
Mr.. Buckingham offered an amendment
providing that on the first of January, 1876,
United States legal tender notes, in sums of
81 900, and its multiple shall be redeemed
| by the Treasury of the United States,
either with coin or United States bonds at
par, the principal ofsuch bonds TO be paya-
ble in coin in tel years, and bear interest
al the rate of per cent per annUm, and
| that the principal of any United States
bonds, bearing interest in coin at a rate not
less than six per cent per annum, whether
due or not, shall on demand be paid in le-
gal tender notes and accrued interest in
con. The amendment was rejected, yeas
-, NAYS 50.
Mr.. Buckingham then offered an amend
ment for the redemption of legal tender
notes in coin or bonds, the same as above,
with the exception of the latter part in re-
gard to the redemption of the bonds which
lie erased. Rejected, yeas p, nays, 80.
Mr.. Sergeant then moved to adjourn, and
the motion was adopted. yeas q, nays 20
Adjourned.