The Cecil Whig., 1874-12-26
CONGRESSIONAL.

| CONGRESSIONAL.
I In the United States Senate, on Mon
day, petitions were presented asking Con-
! gress to forbid the liquor traffic in the Dis
trict of Columbia and the Territories.
MIR. Sherman reported from the Finance
Committee the bill for the resumption of
specie payments agreed upon by the Re-
publican caucus. The following is the full
! text of the bill:
| Be it enacted, &c, That the Secretary of
the Treasury is hereby authorized and re-
quired as rapidly as practicable to cause to
be coined at the mints of the United States,
silver COINS of the denominations of ten,
twenty five and fifty cents, of standard
value, and to issue them in redemption of
an equal number and amount Of fractional
currency of similar denominations; or, at
his discretion, he may issue such silver
coins through the mints, the sub treasures,
public repositories and poSt-offices of the
United States; and, upon such issue, he is
hereby authorized and required to redeem
an equal amount of such fractional cur
rency until the whole amount of such frac-
tional currency outstanding shall be re-
deemed.
Section 2. That so much of section 1924
of the Revised Statutes of the United States
as provides for a charge of one fifth of one
per centum for converting standard gold
bullion into coin, is hereby repealed, and
hereafter no charge shall be made for that
service.
Section g. That section 5177 of the Re-
vised Statutes of the United States, limit
ing the amount of circulating notes of
national banking associations, be and is
hereby repealed, and each existing banking
association may increase its circulating
notes in accordance with existing law, with
out respect to said aggregate limit, and
new banking associations may be organized
in accordance with existing law, without
respect to said aggregate limit; and the
provisions of law for the redistribution of
national bank currency among the several
States and Territories are hereby repealed,
and whenever and SO often as circulating
notes shall be issued to any such banking
association so increasing its capital or Cir
culating notes, or SO newly organized as
aforesaid, it shall be the duty of the Secre-
tary of the Treasury to redeem the legal
tender United States notes in excess only
of three hundred millions of dollars to the
amount of eighty per centum of the sum
of national bank notes so issued to any
such banking association as aforesaid, and
to continue such redemption as such circu-
lating notes are issued, until there shall be
outstanding the sum of three hundred mil
lion dollars of such legal tender United
States notes, and no more. And on and
after the first day of January, A. D. 1879,
the Secretary of the Treasury shall redeem
in coin tho United States legal tender notes
then outstanding, on their presentation for
redemption at the office of the Assistant
Treasurer of the United States in the city
of New York, in sums of not less than
fifty dollars. And to enable the Secretary
of the Treasury to prepare and provide for
the redemptions in this act authorized as
required, he is authorized to use any sur
plus revenues from time to time in the
Treasury not otherwise appropriated, and
to issue, sell and dispose of at not less than
par in coin either of the descriptions of
bonds of the United States described in the
act of Congress, approved July IA, 1870,
entitled "an act to authorize the refunding
of the national debt" with like qualities,
privileges and exemptions, to the extent
necessary to carry this act into full effect,
and to use the proceeds thereof for the
purposes aforesaid. And all provisions of
law inconsistent with the provisions of this
act are hereby repealed.
The Bill was brought forward in the
Senate on Tuesday by Mr.. Sherman, who
gave an explanation of its provisions. All
amendments to the bill were rejected, and
it was finally passed by strictly Republi-
can majority, all the hard-money Demo-
Gratis uniting with the 1ntlationists in the
opposition. The bill goes to the House,
where its fate is doubtful.
MIR. Hamilton introduced bill to re-
imburse the State of Maryland for arms
furnished during the rebellion.
Among the bills introduced in the
House, is one for the restoration of the
Income Tax.
In the United States Senate, Mr.. Car
penter was elected President pro tenn
The health of the Vice President is pre-
carious, and he will not probably be present |
at the opening of the session after the
holiday vacation. Mr.. Carpenter received
the unanimous vote of the Republican
Senators. The Democrats voted for Mr. |
Thurman. The Senate concurred in the
House resolution to adjourn over till Jauu- |
airy 9Th. Memorials from citizens of Ro-
chester, New York, against the ratification
of the Reciprocity Treaty with Canada |
were presented by Mr.. Fenton. A COM |
munication from the widow of the late !
Commander Gushing of the United States |
Navy, for all allowance Oh account of ser |
vices rendered the Government by her hus- |
band. was presented by Mr.. Anthony
Mr.. Morton introduced resolution reciting |
that the credentials of Mr.. Pinchback, as |
Senator elect from Louisiana, are in pro-
per form, and that he is entitled to admis-
sion, unless there are charges of corruption
in procuring his election. Mr.. Thurman |
objected to the immediate consideration of |
the resolution, and it went over under the |
rule. Mr.. Clayton offered resolution call !
ing upon the Secretary of War to transmit !
to the Senate the official report of Colonel |
Merrill concerning the Coushatta outrage,
but MIR. Bayard objected, and the resolution |
went over. The Senate went into execu-
tive session and confirmed number of |
appointments, among them that of Capt. |
John L. Linthicum as Local Appraiser at |
Baltimore.