The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-01-21

pressions in manner that commended them
to the earnest attention Of the best financiers
in the Senate.
Senator 0glesby, Of Illinois, made the first
speech of his term to-day in presenting
memorial from the National Board of Trade
in relation to deepening and improving the
inland waters of the United States. His
conclusions were that the Government pos
sesses the right to construct railways and
regulate freights, but at this time he is not
prepared to vote the money necessary for
the construction of such lines. TIMoN.
Associated Press telegramsl
Congressional.
WASHINGTON, January 20.-Senate.-Mr.
Morton asked to take up the resolution for
the admission of Pinchback, and said he
would move to have the matter referred to
The Committee on Privileges and Elections
for investigation.
Mr. McCrary objected, as he had the floor
10 speak, and would do so on Monday.
Mr. morton gave notice that he would
then make his motion.
UT. west, OF Louisiana, presented the
petltlon OF the National Board Of Trade
IN regard 70 increasing the facilities and
cneapenlng tne rate of transportation be.
tween t1e interior and seaboard; asking
for Improvement of natural Water-routes'
&c. LIE said, in presenting these conciI,,
sions of the National Board of Trade, he
did so as an nFeXpression of the increasing
feeling in this country upon the important
question of cheap transportation. He must
insist that this question to-day is demand
ing more attention than the question of
finance. He knew Of no question
of so much concern to the west
ern people as that of cheap trans
portation, and he hoped the committee
having the matter in charge would be pre-
pared at an early day to submit to the Senate
some practical solution Of this problem. If
the foreign markets were to fix the price of
grain of this nation, then it became impor-
tant to the people Of the West and the whole
country as to what the charges should be
between the point of production and the
point of sale. The charges now i'm
posed by railroads, steamboats,, middle
mep, and commission merchants exceed
three-fold the price paid the producers. This
question must be met in some form by the
people of the United States, but more par
ticularly by the Congress of the United
States. He did not know where the solu-
ton would come from, as he had lost all
hope of bringing the railroads to fair and Just
compensation for transportation Of products.
They met the producer at every point with
the old common.laW doctrine-the statement
that he should have bis freight transported
at a reasonable compensation, and if the
charges were more than reasonable be could
90 to court and have it settled by
the court and jury. But how hopeless it is
for the shipper to go to court. The expense
meets him at once and drives him away;
therefore he has no redress. The people are
no more than moderate in their demands for
the National Government to consider this
question. he belonged to that class which
believed that there could be found in the Con-
stitution of the United States power to meet
any question of national Importance. The
powers of the Constitution are ample and
full to meet all exigencies at all times for the
wants of the people. He believed the
power could be found in it to meet this
question of transportation. There was
power conferred by it for Congress to crass
the line and look into States to construct
railroads and canals until the people Of
all sections Of the country be satisfied.
EHe differed from the National Board Of
Trade as to the power OF Congress in the
matter. The Board seemed to have doubt
as to that power, but he had none. he be-
lieYed Congress had power reconstruct a
railroad lift was deemed expedient to do so.
He did not say that Congress had the
right to regulate charges on private rail-
roads, but it could confer powers on o
corporation to construct q railroad and
prescribe rates and fares to be charged. He
had not yet made up bis mind to vote SIM
gle dollar from the national treasury for
that purpose, but would be willing to vote
for one such road to be constructed from
New York to the Missouri river, with
branches to Chicago, st. Louis, and other
places. Should he vote for that, however,
he would be expected to vote for ff-
teen or twenty more such roads,
and that he was not prepared to do.
He asked that the petition be referred to
the Committee on Transportation Routes to
the Seaboard with the request that the com.
mittee within reasonable time should pre-
sent its conclusions on this intricate ques-
ton. He had no hope that after all their
industry and thought they would be able
to present satisfactory solution Of II, but
their report would be step in the right
direction.
The petition was referred to the Commit
tee on transportation Routes to the Sea-
board.
The consideration Of the resolution rela.
tive to removing the money striDgency was
resumed
MIR. BrownIow thought an immediate re-
turn to specie payments would be destruc-
tive TO the business interests Of the country.
The present financial system, in his opinion,
viii amendments, was very good. He pro-
ceeded to point out what he deemed It's de-
fects.
Mr. Gordon, Of Georgia, said that when
in an agricultural country like the United
States the cultivation of the soil ceases TO be
.remuneratiye : when its profits year by year
are absorbed by others thnn the tiiiers OF
the soil; when the producers grow poorer
and poorer, and the nor. producers richer;
when wealth concentrates id the hands OF
asfew, It disclosed q Fundamental error In
our financial system. II this condition OF
affairs should continue, the day ds not re-
mote when concentrated money VIII dictate
the profits ON every industry aud enterprise
in this country. ~ ~
IA use.i-sTke House spent the whole day
Hrangiing over new rule proposed, 70 FDe
added to the rules, and intended to choke
soff. motions 10 suspend the rules on ali sorts
:ef faucy propositi The right 20 make
this motion only occurs on Mondays and
during the ten last days OF the session. u ne
Democrats solidty opposed the new rule %
an infractfous on thai hsa OF Che mtnozAy,
;nnfi were backed by some proMira pnne
sis..-s a. Ia The ri1}A hGWav6E