The democrat. [volume] (Weston, W. Va.) 1868-1874, 1874-04-20
xLIIId CONGRESS.
ErNArE.


to require railroad companies which received
grants Of land for tho construction Of railroads
from tho Mississippi rivor west 10 the Pacific
Ocean, under tho act OF 1902, to report to tho
Secretary Of tho Interior tho quantity and de-
scription Of tho land sold and disposed Of, and
that all not disposed Of be open TO settlement
aud presumption.
Mr.. Sherman, Of Ohio, said upon tho basis
OF tho currency given to Maine tho additional
circulation would DO about s2B9, 900 900; upon
tho basis Of that given TO New York, clio, 00O,-
0O0i and upon the basis Of Pennsylvania II
would DO over Si10,0000O0. Mr.. Morton, Of
Ind, said the people wanted more money, and
tho country would como to specie payment
when II could. There was no tiso to talk about
specie payment now. Ho had noticed In 4
leading Now York paper that imitation meant
war; that initiation would DO resisted by fOrco
Of arms. Such statements were not moro un-
reasonable than similar ones madO on tho floor
Of tho Senate Atr. Jones, Of New, said the
rebellion would have been put down for O., 500, :
900, 900 lUaa than II did cost II 1t had not been
for paper money, which, instead Of being the
spade Of tho husbAndmAn, was tho dice box OF
gamblers. The amendment OF Mr.. Morrill, FIX
ing the volume OF fractional currency at SiO,-
00O 900 was Tejectod-ye4s, 10 /; nays, 90.
Mr.. Davis, OF W. Va, offered substitute to
the finance bill providing that $50, 600 600 in
national bank circulation shall DO withdrawn
from tho States In excess and issued to tho
States having less than their proportion. lIe-
jectcd-Yoas 20, nays 81. Mr., Morrimon, OF
n. o., offered, a. n substitute for tho third
section OF the bill asreportCd by the committee,
tho following That $4,000, 0O0t In notes for
circulation, In addition to such circulation now
allowed by law, shall DO issued to national
banking associations now organized and which
may DO organized hereafter; aud such increased
circulation shall DO distributed among tho
several States rs provided In section Of tho
act OF July IL, 1870. This was adopted by q
vote OF 80 10 10.
Mr.. Ramsey, OF Mimi, from tho Committee
on Post. Offices and Post Roads, reported bill
to provide for the transmission Of csrrOspon-
denco by Telegraph. Placed on the calendar.
The bill Is tho Hubbard Postal Telegraph bill,
unchanged except in minor matters OF detail.
1t proposes to incorporate Gardner o. Hubbard
and his associates az tho Postal Telegraph
Company on condition that 1t shall contract
with tho PostmRster-GC for the trans
mission Of correspondence by telegraph aud at
rates aud In accordance with provisions olAbo-
rAtcly prescribed In tho bill, and heretofore In
all essential features fully published.
Mr.. CagIn, Of n. H., presentedA memorial,
signed by the survivors Of the poloraA expedi-
ton, setting forth the priyAtions which they
suffered on tho Ice foc during aperiod OF 100
days, and that they arc still suffering physically
and pecuniArily ; that they woro promised q
handsome reward by Capt. Hall when they
shipped; and that tho German Government
gave tho members Of It's expedition 81 600
each. They ask such relief rs may be proper
In tho premises, and that tho ExqnimAux
Hannah and Joe DO included in any measure
for relief. Referred 10 tho Committee on
Naval Affairs.
Mr.. Sherman presented tho petition Of Mrs,
Mercy Hall, widow OF Capt Hall, OF tho late
Arctic expedition, for a pension. Referred to
tho Committee on Naval Affairs. In presenting
tho petition Mr.. Sherman said no know of no
case which appealed to tho sympathy Of the
Congress Of the United States rs much as this.
Capt. Hall died In tho service Of his country,
leaving his wife and childrrn'in destitute cir.
cumstancos. The petition ~ Endorsed by Prof.
Henry. General sherman, aud other prominent
persons.
Mr.. Johnston, Of Virginia, introduced bill
giving jurisdiction 10 tho Court Of Claims to
hear tho claim Of q. W. Gusts Lee, son OF the
late Gen. Lee, TO the Arlington estate, which
was referred 10 tho Committee OH the Judiciary.
A petition accompanied the bill, In which tho
petitioner says tho property waH devised TO him
by his grandfather, and that Tho title Of tho
Government TO the property is defective. He,
however, recognizes tho sacred use to which
the property has been put, and has no desire 10
dlslnrbi II, but thinks lie should DO compensated
for his right therein.
Tho bill to provide for tho payment OF tho
bonds Of tho Louisville and Portland Canal
Company was taken up, tho pending question
being on referring It to tho Committee oil
the Judiciary. ATessrs Conkling and FTeling-
huyson advocated such reference. Nlossrs.
Thurman and McCreory opposedit, aud favored
= commlttM Of tho subject to tho Committee on
Finance, which was adopted aftcr some Discus
SION. ...
Mr. Conkllng's amendment 10 tic currency
bill las follows: "TlAt nothing In this act
shall be construed 10 authorize an increase Of
tho principal OF tho publlc debt OF the United
States, /" was rejected by vote OF "a 10 a. Mr..
Scott, OF Pennsylvania, moved as All amend.
ment to tho section authorizing the increase Of
s46, 900, 900 national bank currency, the follow.
ing. "And each national banking association
now organized, or hereafter to DO organized,
shall keep and maintain az part OF Its reserve
required by law one.fonrtli part Of tho coin rc-
csiyod by II as interest on tho bonds Of the
United States deposited as security for clrnla.
ting notes OH Government deposits and that
hereafter only one-fonrth Of the reserve now
prescribed by law for national banking Associa-
lions shall consist Of balances due TO an Associa-
ton available for the redemption Of It's clrcula-
ting notes from associations OF cities Of rodemp.
ton, and upon which balances no interest shall
10 paid. Adopted by vote Of 20 to q.
The bill was then read third time, and
passed, by yeas 20 to nays "a.
The bill, as passed, reads follows: That
tie maximum amount OF United States notes Is
hereby fixed at 40O,000000.
SECTION 2. That $4,000 900 In notes for
circulation, In addition to such circulation now
allowed by law, shall 10 issued to national
banking associations now organized, and which
may DO organized hereafter aud such increased
circulation shall DO distributed among the
several States ~ provided In section OF tho
act entitled An act TO provide for tho rodemp-
ton Of tho three per centum temporary loan
certificates, and for an increase Of national
bank notes" approved July u, 1870, and each
national banking association now organized or
hereafter 10 DO organized shall keep and MAIN
tain As part OF It's reserve required by law.
one-fourth part Of the coin reserved by Il as
interest on bonds OF tho United States, de-
posted AZ security for circulating notes oil
Government deposits, aud that hereafter only
ono.fourth OF tho reserve now prescribed by
law for national banking associations shall con-
slst OF balances duo 10 an association available
for the redemption OF lie circulating notes from
associations in cities Of redemption, and upon
which balances no interest shall 10 paid.
llCvc ships aud vessels from compulsory pilot
fees In certain cases.
Senator Morrill,. OF VT, from tho Finance
Committee, said 10 regretted to report un-
fayorably ON the Senate bill providing for the
resumption OF specie payment, and for FREQ
banking. Ho had no right 10 disclose what
took place In the committee but II was we'll
known that committees are mAdo up Of odd
numbers and In ono Of seven members, where
three favored the bill, and tllrco opposed II,
with tho seventh one a little mixed, tho report
had 10 DO uniayOablO. Ho would, however,
ask that tho blu DO placed on tho calcn dar