New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-05-14
XLIIIp CONGRESS--1sT SESSION

PASSED BY TIE hVO0h'
SENATE. WASHINGTON, May Is, 1874
The Senate met at II o'clock.
Mr. SARGENT (Rep., CALI called up tho House bill re-
peang fixing the time for the election OF Repre-
senaves Congress in the State of California Passed
Mr. WEST (sep. La), from the Committee on Rail
roads reported with amendments, in tho nature OF
substitute the Senate bill granting tho right OF way
through the public lands the construction Of rail-
road in the States of Alabama aud Florida Placed on
the calendar.
CHEAP TRANSPORTATION.
Mr. WINDOW Rep. Minn) submitted the ionoWlns
preamble and resolution. which he gave notice nc "o
ask the senate 70 consider after the Finance ana C'
Rights bills shall have been disposed OF: At
w, cp ample for the sas1s S 81 S%TS sonS
different sections Of our ccuHty constitute
An. national sd,esmsnt an! p.oPsT ana der full n,e,ts.
tOn Of tse sa ePs5t tn. ~ s naT governmental control
an oSns ihsaeh chcet tranpors,on than are now
provided che means Of transport can es o ony ~
h ousucioa double freight ra,says or by 'he iTPi0ys
routes snd That a'er most areiu,
t'.s INV. 20 t5 have cos he uasnmoas conclusion that
th following ,b and advantageous channel. Of com
oroe 20 b. ca. or mPTo'e b. toe Sa0nH GoveS@ ~ S
Sna: continuous water Inc siea1ai' ShD,fy G ss ,s'
%sS row to he wants Of commerce through central
ae, Of S.ite, nom th Msfop River ONO and k'nawhs
Rvr to point Virginia and thence BY canal and slack wsef
bg ah "a Ha, % ude sa,eIi fos'H to p, sSbps
40, thence by canal and slack water by heso' a
seI. fe Ia Committee expires, the Or1pon that other
So, | ea VIA eject permanent reduction Of 80 per cent IN
tot freight from the Va
thereby ua- cuneTaye prees to ne iIfneIs % n
an hundreds Of millions IN the value
Of Wesen lands ami very increase in The eIpOr'
tatoas O. co aud esr-a piotae.si AMI ~, ..,..
m slregs d est ae De maze upol 'Ia S and 10 eoais
Congress upon the sail system Of improve.
NH Be- s'd .5Ic and c1peient; therefore,
or,. Iha' The Committee on Appror Ge ana pefeoy arc
m c5piet NJ IA. SURVEYS AL each Of the
rpyeais BY Select Committee on the four
an q rs. Il rep
I6c preamble and resolution were on Mr.. WINDOWS
motion, ordered 10 lie the table and bc printed
M. CHANDLER rep, Mchl, by request, introduced
hill for oeiJcr protection OF immiSants Referred
Mi SHERMAN (Rcp, Ohio introduced bill TO recu-
late commorce nods the several s.tcs anu WIN ior
eli N nations Referred TO the Committee on Iranspor
THE CLAIM OF WEST VIRGINIA.
MIR DAVIS Dem, W. Val. by unanimous consent,
addressed the Senate upon the bill introduced By him,
appropriatiug $4,000 reimburse the State OF West
Virginia and It's citizens for losses incurred by
reason Of the destruction OF bridges, court-houses
churches. &c, by Federal troops during
late He spoke OF the organization OF MS otac
government and the OF the State during the
war claiming that she had been loyal to the Govern
rina;oa was forced to bear the hruut OF hard knocks
aud cruel blows from both the contending armies she
buiwark, the fortress inteTpOsed between the
loyal states Of the North and West and the
opponents of the Government, and her people
were forced 10 undergo many hardships and
sacrifices. He contended that the Government
bOand reimburse its loyal citizens for losses sis-
numerous legal decisions in support Of his view. TO
inflicted by the Coufederates or the acct
dental cOnsequ euces of the war. he said his state
claimed compensation therefor, though in strict jus
tee she might entitled thereto. loyal citizen of
VirPnIl Louisiana, or any other insuTrectonaIy state
was as much entitled 10 prOtectlon OF me- ahl property
taken appropriated 10y the Government, as citizen
OF Now York Massachusetts, or any other Northern
State Virginia did not under the head OF an
InsureoiiOnary state, as her loyalty was distinctly ana
frequently recognized By the Government from the De
Fresident Lincoln and the Generals Of The army,
we'll as by the action OF Congress. lie cited
down to the present time to show that The claim was
not new or extraordinary one As 10 the whole
10 largely OycTcS tim3ted. About S7j,O0OOJ OF such
claims from an sections would bs presented or those
heretofore acted upon, about one-hith only had been
allowed Applying tais proportion to tAe whole amount
to be presented, the Government would only have TO
pay about s5Oj0OJ0 and it had sl3,50JOcO now the
SadSy h he t s e Sl eon 6e used
lQuidatns these claims His people bad stood up Tor
the Government in its hour OF trouble, when 1t cost
something remain loyal. In conclusion. he appealed
e. Senators 10 do justice 10 the claim, as wen as those
Me- SCOTT isep. PsnH said unless the Senator from
On dir sheinani deenle, il TO be his duty TO call up
III Finance BIZ. he (r scotD would ask the Senate 10
proceed TO tLo consideration Of the bs RON tAe Com
NJ sHEaMAS Gep Ohio said he did feel it incum-
benz upou Hm 10 move to take up the tlhahcl o put
lac noIcd its consideration would not occupy more 'hah
TO-DAY and tOmOrlOw. -
Mr. SOON gave notice that after the Finance bill
should disposed OF he would ask the Senate 10 con-
sGcr tho bills frOm the Committee on Claims.
Nil ANTHONY crop, ~ submitted Joint resolu-
ton authorizing Prot. spencer L. Bard United STATES
executed under the direction Oh TIE JOINT
Committee Oh Printing. Passed.
The FINANCE BILL.
The Senate then proceeded to the consideration Of the
fIulrcc bill
MIR. SHERMAN said it was not his purpose to open
any general financial debate this bill, as every topic
embraced 1t freely discussed IN the early days OF
the ession The central idea OF this bill TO make
the business banking free to all upon the terms
md conditions. TIe country now had nearly 1000
National banks authorized to issue s35ioDoOo and the
Z banking experiment, though
he willing TO give 1t trial; Every dollar OF
In The Treasury Yet the circulation of National banks
was worth only 50 cents ON the dollar III was not a
question OF security question of when the notes win
be paid He argued that free banking would be fatal
unless accompanied by some provision to pro,
vide for a coin redemption IL the Government should
ut once assume the responsibility Of Issuing all the cir
rulang medium, the amount OF interest saved TO the
The National banks the Government would lose about
ts9oooO taxes now imposed upon them; another
niculy in regard TO the United states Issuing all the
currency that could only be paid out for Govern
dues notes nag nIG nat O
medium. The Government cannot loan money, cannot
Another objection was that with but one-third of tie
issued 10y the Government there would be no
secure loans. and provide discounts and exchange.
He knew many senators feared o iree DaT Tug
were some advantages in the system which he
would pass by; and one OF the nrst was that II
would repeal the monopoly in banking; and II there
was anything which the American people hated, IL was
monopoly. The word monopoly was one OF the most
visions redemption contained in the bill and said
without them be would never vote for free banking
consistently with the duty and honor OF the Govern
The ernn ec en on tnS G as ths
National bank notes issued Till the volume OF green
backs shall be s3OOOOOoOO he regarded
Of ITS most important features He submitted to the
seDate that 1t should take the bill whole and not
MIR. LoGGS Gep, ND inquired what would be the |
general result OF the bh whether 1t would be for nfa
Mr. SHERMAN replied that one OF the sections pro- |