The Indiana State sentinel., 1874-03-31

Mr. MOrrell said he did not offer his amend
ment for the purpose of
ENrANGLING THE BILL.
He desired TO improve the entanglementS.
Ihe question beng on Mr.. Morrell's amend
In' nent' IL was defeated, yeas %, nays 81, Iol-
Yeas; Anthony, Bayard, Buckingham, Chand-
ieI, n, Oonkhng. Cooper, Cragin, Davis, EeuIon,
Hamilton, of Maryland Hamiiton. of Texas
namIln, Howe, Morrell, OF Maine, MOrrell OF
Vermont, Sargent, sansbu-y, Schurz, sherman,
Nays; Ali on, Bogy, Foreman, Carpenter, Cor
over, Terry, OF Mlcn Goldworth, Gordon Har-
gan, McCIerry, MarTimon' 0eIesby. Pstf},soD on
Pc ase, Pratt, Ramsey, hanson, Robertson, Spen-
Ger, Upton, Vest and Wright-Sl
Mr.. sherman, moved TO strike out the words
IoI clrcnlation IN Mr.. Wrights amendment
ana ana insert aiore the word amount" the word
maximum" so that IL would read "the max
lInum amount OF u. 5. notes is hereby fixed at
ioSr hundred million OF dollars"
in that manner.
Mr: schnrz, OF Missouri, moved to strike on
The WOO amount" and insert "limit."
Mr. Wright said he saw no difference between
the words amount" and "Iimit."
Mr. Conkltng inquired VIII y the gentleman in
Inent the same as ''limit."
Inc amendment ana insert the word "lilnit"
was lost without a division.
Mr.. Wrighl's amendment as modified by him
was then adopted. Yeas 81 10 u nays, as fol-
Yeas: Allison, Bogy, Bowman, Carpenter. Con-
over, Ferry OF Michigan, GoldthwaiIe, GoOdson,
harvey, Hitchcock, Ingalls,, johnson, Lewis,
Logan, McClerry, Merrmon, Mitchell, Morton,
Norwood, Oglesby, Paterson, Pease Pratt Ram
sey, Hanson, Robertson, Spencer, Sprauge, Ifp-
ION, West and Mindom-3..
Nays-Anthony, B1yald, Buckingham, ,Cliand-
Ferry, OF California, FIeiinghuysep' Hager''
Hamilton of Maryland, Hamilton of Texas,
ltamlln, Howe, Merrill OF Maine, Merrill OF Ner-
mont, Sargent, salisbury, Schurz, sherman,
stevenson, stewart, Thurmans Waoleigh-20.
Mr.. MerrimOn, OF North Carolina, moved as n
substitute Ior the whole bill, the following: Sec
.ion INST. That the maximum limit for United
states notes Tor circulation, is hereby fixed at
SlO,Up,OJO, at which sum il shall remain Sec
ton second. That SI60UU go in notes for circua-
as is nov allowed by law shall be issued 10 na-
tonal banking associations, now organized or
when, when may be hereafter organized. such in
me several states as provided in Section /
3i o. the act entitled an act to provide
loan eirtincstes, and for an increase of
NATIONAL BANK NOTES,
approved July Z, 1870.
MIR. Logan moved as an amendment t. the
substitute OF Mr.. MerrimOn the following: That
omuch ofthe 27th section of The national cur
rency act, and of the several acts supplementary
thereto, and such OF the provisions of the act,
AID provides for the redemption of the thiee
the increa -e of national bank notes, approved
July II, le1O' and so much or such
ia IS OF any other act or acts of
congress as a limit, OF as may be construed 10
limit or restrain the entire amount OF notes
for circulation, 10 be issued under the SAID
tlonal currency acts and The acts supplementary
thereto, be ana the same hereby repealed,
and that hereinafter all associations organized,
or that may be organized for the car
rying on OF the business of banking TN
der me provisions OF sad act shan De
iree 10 establish ana organize national
banks, with the circulation at any place within
the several states and territories OF the United
, ates, on terms and condition. subject TO ali the
LAW, except liIni upon the entire sI.ount
or circulation, which is hereby repealed. That
each national banking association now organ-
lied, hereafter To be Organized, snail
keep and maintain, parS OF lis
reserve required by law, one half part of
the coin received by IL as interest on the bonds
OF the United states deposited as security for the
circulating notes 1or The government deposits.
prescribed Dy law for the national banking asso-
ciatlous shall consis of balances due an aSsOcia-
notes fTom an association in cities of redemption,
and upon which balances no interest shall be
paid
Mr.. Morrill,, of Vermont, moved as an amend
ment TO the first section of the bill, as amended
by Mr.. Wright, the following: But no part OF
the same shall be used in the purchase or bonds
of the United States at above par, nor for the
current expenses of the government.
Mr.. buckingham, of Connecticut, gave notice
that he would offer substitute to the bill in
troduced by him In December lest to provide for
free banking, 10 secure an elastic cur
and to re- ~ soecta a'iOr Davme1ps WIS
without commercial embarrassment. This pro-
vides for the redemption Of the United states in
coin ON interest-b- airing bonds hom ard sfter
January J, 1919, and for the redemption of United
States bonds bearing Interest in coin at the rate
of not less than per cent. per annum in legal
tender notes and a a.crued interest in coin.
Pending the discussion the Senate, at Clock,
Adjourned.
HOUSE.
PASSAGE OF THE RAILROAD BILL-Irs PRO-
vIsIoNs-THE CURRENCY BILL SUCCESS
TONS OF cox.
Mr.. Hunter, of Virginia, offered a resolution
lnstructing the naval committee to enquire in
to the propriety of removing the navy yard from
Washington 20 Alexandria. Adopted.
Mr.. Thornburgh, OF Tennessee, introduced a
bill TO reduce the army. Referred IL proposes
to leave the cavalry and artillery at the present
force, but TO reduce the infantry by nye regi-
ments.
MIR. Packard, of Indiana, from the committee
on private land claims, reported bill to extend
the time for fiiing suits In the court of claims
| to establish title to the Hot Springs reserva-
The following was unanimously adopted
| the motion of MFR. Dawes, of Massachusetts:
Resolved, that the committee on banking and
currency be instructed TO inquire Into the neces-
sity and expediency of requiring by law that
United States be printed in parts and at differ
ent places, in order TO promote greater security
and economy in their preparation and issue, and
mat they report by Dill or otherwise.
Mr.. Speer, of Pennsylvania from the commit
| tee on contingent expenses IN the department of
justice, o1fereu resolution instructing the COM
mittee to inquire into the charges against the
clerks in the United States courts in the middle
district of Alabama and the southern district OF
Illinois, for not making returns OF fees received,
with power to send for persons and papers.
Adopted.
| The House then proceeded TO vote on the bill
to regulate commerce by railroad among the
several states, and the bill was passed by yeas
LII, nays ll6. The bill as passed was, with but a
slight modification, the same reported by Mr..
McCrary, OF Iowa, from the committee on rail-
roads and lands on The 10Th CT January. It
acts that all railroad lines carrying freight and
passengers between different states, whether
owned by one or various corpoi ations, shall
be regarded as employed in commerce among
several states and shall be liable for any viola
ton of this act They are forbidden 10 charge
more than fair and reasonable rate for the trans
portation OF freight or passengers, which rate is
10 be ascertained and fixed by q board of rail-
road comm ssioners to be appointed by the presi-
dent with the advice and consent Of the Senate,
and they are to be residents of each of the
nine judicial districts of United States.
They to be disinterested persons,
and not TO have any interest in the stock,