The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-02-04
CON Q r E S S.
The Spirit of Financial Change
in the Senate.
EQUALIZING THE CURRENCY
Army Misunderstanding
Down Appropriations.
SENATE.
WASHINGTON, Feb. 3, 1874.

WASHINGTON, Feb. Q, 1874.
GEORGIA AND THE CIVIL RIGHTS BILL.
Mr.. FLANAGAN, trep.) OF Texas presented pc
ttion OF the coiored citizens OF Atlanta Ga deny
Ing the statement by Hon. A. IL. stephens, IN his
speech in the House of Representatives, that the
cOlOred people OF that State did not desire the
passage of the Civil Rights bill, and resolution OF
the Georgia Legislature to tie same effect, stating
that both were without foundation In fact. Re-
TERED to the Judiciary Committee.
Mr.. LOGAN rep.) of ILL.,, presented resolution
OF the Grand Army Of the Republic asking equal
izarion of bounties. Referred to the Committee on
Military Affairs
MILITARY MATTERS.
Mr.. LOGAN, from the Committee on Military AZ
fairs repor ted I'm avOraby on the bill providing
or armiDg and equipping the whole body OF mlitia
OF the United States
Also the bill amendatory OF the act to establish
military prison.
Also the bill in relation to brevet appointments
In the army.
The committee was discharged from the further
consideration OF those bills.
He reported fav0rably on the bill to increase the
number of paymasters in the army. Placed on the
calendar.
PUBLIC LANDS IN MICHIGAN.
Mr.. FERRY rep) OF Mich. introduced bin for
the restoration to the market Of certain lands in
Michigan Referred to the Committee on Indian
Anairs.
TAX ON STATE NOTES.
Mr.. GOLDTHwAITE, ldem) OF Ala, introduced
bill amendatory Of the act OF March Mar 3 1885, I'm,
State bank notes. Referred to the Committee on
Finance.
Mr.. SARGENT, trepl Of Cal, introduced bill in
relation to the equitable and legal rights of parties
to certain lands in California.
MI. sargent's Bill for the relief Of Point San
Jose settlers introduced In the House yesterday
was referred to the Committee on Private Land
Claims.
Mr.. BUCKINGHAM, Tep) OF Conn, introduced a
IN Utah Territory. Referred to the Committee on
Mr.. Buckingham's bill proposes to restore to the
mendation Of the Secretary OF the Interior, the
spanish Fork, Corn Greek, Deep, Greek and san
TELEoRAPHY IN THE SENATE.
Mr. MonnIL,, rep! q VT, INTRODUCED 1ss resou
appoint an operator in the senate wing for the
telegraph connecting the Capitol and executive
departments OF the government Agreed to.
THE PHOTOGRAPHIC SERVICE.
Mr.. CoNKLING, trep.) of N. Y. presented reti.
ton OF the marine insurance companies and citi-
xens of New York in relation 10 the photographic
ONCE under the Navy Department and the impor-
lance OF its work to commerce, and asking for ap
preparations to encourage and strengthen that
service. Referred to the Committee on Commerce.
Mr.. WEST. (rep1 OF La, asked that the bill to
scllitate the execution and protection OF certain
Sprks Of Improvement at the mouth OF the Mlssls-
r. THURMAN, repl Of ohio, asked that it be
Postponed until Tomorrow morning. and
N, WEST waived his motion until that time.
CONTRACT DEPOSITS BILL PASSED.
Comaittee, reported back the bill introduced BY
Mr.. Sargent yesterday in relation to certain guar
antee deposits OF nail contractors in the Post
ONCE Department. Passed.
REDEMpTIsN AND REISSUE OF NATIONAL CURRENCY.
Mr.. SHERMAN introduced bill for the redemp-
ton and reissue of United states legal tenders and
national bank notes and for free banking Re-
lerred to the Finance Committee
CLEARING TIE CALENDAR.
The Senate then proceeded to the conside ration
Of bills on the calendar and that for the relief Of
William Il. vesey was TAKEN up. Pending a vote
The bill authorizing TIN Committee on Print
ing to contract for reporting the debates of the
senate was taken up and pissed.
lions Of the LEGISLATURE Of mat State asking the
passage Of the bill in reference TO the sale OF the
Usage Indian lands Laid on the table,
TIE MYSTERIES OF JOURNALISM.
p Of an are Uh ne
70 be an abstract of report made to the
Senate by the Committee On Transportation:
some rfRet % aHn nad
the subject before the committee and had them
printed solely Tor the convenience OF the members
was private one and had not received the sane
ton Of any member Of the committee. No one
was responsible for 1t but himself, and he did not
know how the paper was obtained.
Mr.. SHERMAN, from the Finance Committee, re-
ported the bill amendatory OF the act OF 1870,
bank notes. stated the object OF this bill was to
have more equal distribution Of the currency by
the withdrawal or $25 0O0 600 from the States
cess and the distribution of 1t in the West and
South among the States deficient. He said
the bill met the approval Of the Secretary of the
Treasury, Comptroller Of Currency apd every men,
Der OF the Finance Committee, and he would call
It up for action OF an early day. Placed on the
The following is the full text of Mr. sherman's
bill for the equalization OF bank note circulation,
with recommendation OF It's passage:-
isS provides That circulation snail be Sl.HSrsw
q n ssaoS Of Of said , sHa
= e. sSs' & sPs Ia
Time 40 IN ne Is @ ,Se and Of
%Ssf re nd eae Of the
S as and IN S'"ss
much Of their circulation as by said act may be
thsrs, to deposi, in the Treasury Of the United States
upon he 81 the cireSaion reared on the de-
81 the s e srn he an
lion such association as shah make such return de-
SIC That upon the failure of the national banks
e IS D s s" Be
post the treasury lawful to redeem the cir
leSsrsasy snail a. once sell .escn .
held the % he ne Of s
assocsion or associations which shall SO fa to an
amouii sufficient to redeem the circulation required of
such association associations and with the proceeds,
which hall be deposited in the Treasury the United
states 20 much OF the circulation Of such association
associations shall be redeemed will equal the
reauird ana not returned; and there be
process over the amount required for such redemption
1t shalbe returned to the association associa
whose bonds shall have been sold, and II shall
be the duty OF the treasurers assistant reasurers,
designaed depostares and national bank depostaries
Of the United States who shall be kept informed by the
Conptrer OF the Currency Of such associations as shall
fail to rturn circulation ~ deposit lawful money
reaure,to assert ana return to the Treasury Tor
dempto the notes OF such associations shall
their hands until the amount required shall be
rcdeemd
Src 3That from and after the passage of this act II
shall beawful for the Comptroller OF the Currency to
issue cifulating notes in the manner and proportion
now prdded by law TO associations organized or TO be
organize In those states and Territories having
less tina their proportion OF circulation, under
populam and OF Mea,tn on shown o Sv the
returns the census OF 1870 provided that the whole
amount d circulation issued TO such banking associa.
lions an,whdrawn and redeemed IRON banking
can0ns pder the provisions this shall exceed
xDU ~ ana that such circulation SHALL from time Ia
umc ue 'ithdrawn and redeemed only as 1t shall be
s 20 supply banks in those states having less
TIE RESpONS1RlI