Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-01-20

WASHINGTON, January 19.-Under q
call of the States large number of bills
were introduced and referred:
By Mr.. Speer-For the purchase Of
Monticello, the homestead of Thomas
Jefferson, and containing his grave.
By Mr.. Hunter-To amend the nation
al banking law, SC as to provide for free
banking, give better security to deposit
ors, prevent usury, give elasticity to cur
reDcy, and place the finances on a more
secure and substantial basis.
By Mr.. Wells-To establish a branch
mint at st. Louis.
WILSON, ON FINANCE.
Mr.. Wilson, of Indiana, moved to
suspend the rules and adopt the follow
ing resolution:
WHEREAS, By reason of the present
monetary stringency and insufficiency
Ofthe amount of circulating medium, in
dustry and commercial affairs of the
country have been greatly oppressed,
and,
WHEREAS, By reason ofsuch stringen-
cy, the revenues of the government have
been largely diminished in consequence,
whereof congress has been asked to in
crease taxation to the amount of forty-
two million dollars; and,
WHEREAS, Until the recent panic,
revenues were ample enough to meet
the current expenses of the government,
therefore,
ResOlUsd, That instead of levying ad-
ditiOnal taxes, the true policy lies in the
enactment Of such law or laws as will
relieve such stringency and supply the
means necessary to the business wants
of the country by increasing the circu-
lating medium, thereby relieving busi-
ness, increasing revenues, and thus
avoiding the necessity of increasing the
present rates of taxation, or the imposi-
ton OF additional taxes or duties.
ReSOLUed, That the committee on
banking and currency be instructed to
prepare and report to the house without
delay bill for the purpose in the first
resolution expressed, and that said COM
mittee have leave to report at any time.
Mr.. McCrary called for the yeas and
nays.
Mr.. Speer inquired whether question
of consideration could be raised?
The speaker said that that question
was raised. The motion was to suspend
that rule, and all other rules.
Mr.. Dawes remarked that the subject
was before two committees at present,
dLu Was ulSClcSSN III lllE llOuSC ld5t eoAl-
urday. He suggested that instead of
should be simply introduced, and set
down for debate, at some time, so that
the various views of members might be
brought out, and that the committee on
banking and currency might have the
benefit of those views.
The committee on ways and means
proposed to report something tomorrow
which would be the subject Of debate
confined to this matter.
Mr.. Holman objected to the discus
sion.
Mr.. Randall remarked that the COM
mittee on banking and currency was
holding its sessions every day during the
sittings of the house, and listening to the
views Of gentlemen from various parts
of the country.
Mr.. Wilson said that this question Of
increased currency was exciting q great
deal of public attention, and therefore he
had drawn up the resolution for the ex-
press purpose of testing the sense Of the
house. and letting the public know
whether or not there was to be an in
crease Of currency.
Mr.. Cox wanted to offer an amend
ment, but the speaker informed him that
he could not do so.
Under motion to suspend the rule a
vote was taken, and resulted as follows: |
Yeas, 1875; nays, SO. Two-thirds not
voting in the affirmative, the resolutions
were rejected.
FRAEKING PRIVILEGE REJECTED,
Mr.. Young moved to suspend the |
rules, and pass bill providing that all
printed matter, printed by authority of
the government, and bearing the official |
signature of member of either house |
of congress, shall pass through the mails
tree Of charge, until the first of July, |
1874. The motion was rejected-yeas,
II; nays, 163.
COINAGE FOR OTHER COUNTRIES.
Mr.. Hooper, from the committee on
coinage, reported bill allowing coinage
to be executed at the United States
mints for foreign countries, and
sent to the clerks desk and had read q
portion of q Chinese proclamation au-
thorizing the circulation Of eagle trade
dollars lately coined in the United
States. The bill passed.
THE CUSTOMS LAWS.
Mr.. Cox presented memorial of the
National board OF trade to reform the
complex, cumbrOus and difficult Gus
toms laws of the United States, and
against the system of informers' mole
ties and arbitrary seizures.
EXPENDITURES.
The speaker appointed the committee
On expenditures in the department of
Justice, as follows: Sener Va. ], Parsons,
Williams Mich. ], Speer and Durham.
LITTLE REFLECTION.
Mr.. Butler offered q resolution in
,tructing the judiciary committee to in
luire whether furtherlegislatio is neces-
,ary to prevent the illegal use of the
United States flag on commercial ves-
,ele, etc. Adopted.
Mar. Cox suggested that the resolution
,eemed to be reflection on the admin
u