Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-01-22

Ferry and the pending suits in relation
thereto. Passed.
DIsTILLERs.
Senator Wright, from the finance com.
mittee, reported back the bill providing
tor the appointment of commission ,6
investigate as to the manufacture and
sale of alcoholic liquors, with an amend.
ment in the nature of q substitute, and
recommended that it be passed. 1t was
placed upon the calendar.
COLLECTION OF DUTIES.
Senator Morrill, [Vt.l, from the
finance committee, reported favorably
on the bill explanatory of the act TO
regulate the collection of duties on inn
ports and tonnage, March I'd, 1899.
This is the bill introduced by Senator
FentOn on the eighth day of December
last. 1t provides that nothing
contained in the account referred, shall
be so construed as to vitiate or involve
the cOnfiscatiOn of an entire invoice. in
consequence of any item or items, con-
tained in the same, being underyalued.
but that such coDfiscation shall apply
only to merchandise actually undervai-
ued in said invoice.
SHAM SPEECHES.
Senator Anthony introduced a reso-
ution forbidding the publication of re-
marks in the congressional record, or
any portion of speeches nOt.aetually de-
livered in the senate or house of repre-
sentatives. Referred.
THE CURRENCY AGAIN.
Consideration was resumed of the res
olutiOn reported by the finance commit
mittee, declaring it to be the duty of
congress to adopt measures to redeem
the pledge of public faith, and furnish
currency of uniform value, always re-
deemable in gold or its equivalent.
Senator Merriman addressedIthe sem
ate: He favored immediate resumption
OF specie payments, and hoped that the
glorious event would transpire on the
fourth of July, 1876. Let every dollar
Of greenbacks be redeemed in gold, then,
in the meantime, let the volume of cur
rency be increased at least one hundred
millions. He spoke of the unequal dis
of the currency and the press
ing needs Of the south on account there
Senator Sherman said the comptroller
1f currency had authority now to with
iraw twenty-five million dollars from
New England and give it to the south
md west, or States which have not their
proper proportion.
Senator Edmunds-HOw long would
t stay there?
Senator Shenandoah is another
question,
Senator Merriman said in reply to
he gentleman from Vermont fEd-
nunds]: He would say if the money
vas south it would go back very SLOWLY. |
I the banks of New York and New
England did not offer interest for il: as
hose States pay interest the money
'Oes there. He denies that the currency |
vas as redundant as compared with the |
circulation of France and England. He |
would like to see congress grant charter |
or the great national bank, with a capi- |
al of one hundred million dollars IN |
hares of twenty-five dollars each, so |
nat the whole people could have stock |
n 1t. Sectional interests had once come |
learly destroying the government, and |
Inless congress did something to pro- |
luce an equilibrium in industries. more
rouble would be the result.
Senator Edmunds inquired if the gem
leman believed congress could produce |
MS S4uilluIluLus OOulu IL say now
many factories there should be, and |
where located?
Senator Merriman said congress could
improve the harbors and rivers of the |
vest by opening up the natural advan-
ages of the country, encourage ship
uilding, and thousands of other things
ould be done to produce such equilli-
rum. But while We go on with this
ectional legislation, California with
ne interest, New England with another,
nd the south with another, and when
ley come.in contact the result will be
clash of arms. They did it once, and
ley would go it again.
The debate continued between Sena-
rs Merriman and Edwards until 8 AS.
he senate went into executive session,
nd soon after adjourned.