Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1874-02-25

ton of specie payment. He also read
from a reported interview with Mr.. Nor
ton, published in the New York Herald In
November, 1868, wherein he declared HIM
self in favor of return to specie payment,
and would fix the time at January l, 1871.
A letter subsequently written by the sena-
tor to the New York World, to the same
effect, was also read Mr.. Morrill, said he
supposed that, hereafter, according to the
theory of the gentleman from Indiana.
when an individual became too full of the
ardent he would not be inflated, but only
have a good supply. Q1aughter.)
Mr.. Morton said he was in favor of spe-
Gle payments then, but he did not think
that now was the proper time to begin, as
our industries were greatly depressed on
account of the panic. All through the
West, there were towns of two and three
thousand inhabitants without bank and
they could not get one. The great ques-
ton of to-day, demanding immediate ac-
ton, is one for increased banking facilities.
Mr. Bogy of Missouri, argued that the
West had not the necessary money to carry
on its industries, and was suffering from
that cause. His state had but S6,00O.000
of banking capital, while the city of Bos-
ton had 10000 900 or $50 ,O00,O 600. There
should be no difference among western
senator's on this subject. He was in favor
of free banking law, and hoped Mr..
Cameron's amendment would pass.
Mr. Cameron's amendment was rejected
26 to 80.
Mr. Conkling made strong argument
for contraction There were many things
he did not know. but one thing he did
know, and that was, it would launch this
nation on sea without shore, without har-
Dor, to declare in favor of an increase of
the paper money. That proposition in
volved falsehood, n lie. and n lie, in the
end, would upset everything, from an APP
pleseart to an empire. 1t was false that a
stamp upon paper transferred it into a dol
lar. The coin dollar represents the cost
of production. and paper money was
merely ,symbolical of that dollar. When
there was no coin dollar behind it, it was
merely q false promise to pay. He would
say nothing about the legal-tender act, but
he would say that, when no war engages
the country, when no overmastering neces-
sites could be pleaded, guilty and mad
indeed, in his belief, would be that action,
by which the two houses of Congress
would undertake to solve the financial
problem of the day by an unlimited issue
of irredeemable promises to pay.
House. The day was mainly taken up
by discussion of the bill for the distribu-
ton of public documents, seeds, free ex
change of newspapers, etc. The House,
without action, took a recess till evening,
when the bill revising the statutes was
taken up, and the usual progress was
made, by Mr.. Poland, representing the
committee on revision, sending up a series
of formal amendments, which were as
formally assented to, he giving an expla
nation of their character, whenever neces-
sary.
FRIDAY. Senate Mr. Chandler of
Michigan introduced Il Joint resolution
releasing the members of the military
court which tried General Porter from the
obligations of the oath they took as mem
bers of the court, not to disclose the vote
or opinion of any member thereof, and
asked present consideration, but Mr.. Ferry
of Connecticut, objected, and Mr.. Chan
dler gave notice that he would call it up,
tomorrow.
The currency debate was resumed. AT
ter long debate Mr.. Merrimon's amend
ment instructing the committee to report,
as soon as practicable, 4 bill providing for
an increase of the national bank circula-
ton, so that the whole volume thereof
shall not exceed S400, 100000, was adopt
ed, % to %. as follows:
Yeas-Messrs Allison of Indiana, Bogy of Mis-
souri, Foreman of West Virginia, Cameron of
Pennsylvania CLAYTON of Arkansas, Conover of
Florida, Ferry of Michigan, GJjthwai of Ala
bama, Harvey of ka isas, Hitchcock of Nebraska,
Howe of Wisconsin, Johnston of West Virginia,
mon of North Carolina Mnchell of . egon, Morton
of Indiana, Norwood of &c rglt, Osesby of Ill-
nos, Patterson of South Carolina. Pease of Missis
sippi. Pratt of Indiana, Ramsey of Minnesota, Rob
ert>on of South Carolina, Spencer OF Alabama
Sprague of Rhode Island, Upton of Nebraska and
West of Louisiana,
Nays-Messrs. Anthony of Rhode Island, Bout
well of Massachusetts, Buckingham OF Connecti-
cut, Chandler of Michigan, Conkling of New York,
cooper of tennessee, Cragin Of New Hampshire,
Davis of West Virginia, Fenton of New York, Fer
ry of Connecticut, Gilbert of FLORIDA, iIagar of
Kelly of oregon, Morrill, of Maine. Sargent of Cali.
fornia, Schulz of Missouri Scott of Pennsylvania
sherman OF Ohio stevenson of kentucky, stewart
OF Nevada, stockton of New Jersey, Sumner of
Massachusetts, Wadleigh of New Hampshire.
MessrS. Carpenter of Wisconsin, Gordon
of Georgia, Wright of Indiana, and Ran
som of North Carolina, who would have
voted for the amendment, were paired
with Messrs. Frelinghuysen of New Jer-
sey, Bayard of Delaware. Morrill, of Yer
mont, and Salisbury of Delaware.
We give the above vote rs it shows very
accurately the position of the several sena-
tors on the question of imitation.
House A bill authorizing the Wash
ington City and Point Lookout railroad
company to extend its line through Wash
ington, was opposed by Pennsylvania MEM
bers, and thereupon Hale. of New York,
said the opposition came from Tom Scott.
This charge gave rise to an acrimoniou
debate.
SATURDAY. The House met for general
debate.
MONDAY. There was no meeting of
the Senate OF House, both bodies having
adjourned over to Tueaday in honor of
Washington's birthday.
The Sale of the Emma Mine.