The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-02-20
BY TELEc RAPH.
ASSOCIATED PRESS REPORT
(BJ tho Western Onion Line,
Ofles Northwest cor. 0l Main and NoufOe sL)
SENATE.
WASHINGTON. Feh. la.

!,
/ two hundred bankers, merchants an
others Of Illinois, many Of them leadln
firms Of Chicago, protesting against th
increase In volume Of paper currency.
Mr.. Logan said be had heard Of tina
memorial. Some OF the men who hal
signed It had been the first to close theI
doors last fall, and had refused 10 pa,
their depositorS, or had paid them viii
oil kinds Of paper. At the proper tim
he intended TO present memorial 10 th
Senate which would show what was tht
prevailing sentiment in that part of thl
country.
Mr.. ScoGeld, from the Naval Commit
tee, reported a bill changing the title o
First Assistant Engineer In the navy tc
Passed Assistant Engineer, and Of Second
Assistant Engineer TO Assistant Engineer
and providing that the course Of
instruction at the naval academy for cade
engineers shall be four years, Instead o.
two, and this latter provision TO apply "a
the class OF cadet engineers entering the
Academy In 1874, and to all subsequent
classes. After explanation, the bill was
passed.
Mr.. Sawyer, from the Committee on
Commerce, reported bill extending ia
April 10th, 1870, the time for completing
the Green Bay, Sturgeon Bay and Lake
Michigan ship canal Passed.
Mr.. Burchard, from the Committee on
Ways and Means, asked leave to report
and have put, upon its passage a bill
making some technical changes In the law
governing the expectation Of spirits.
Mr.. Butler, Of Massachusetts, objected,
and the bill was recommitted.
Mr.. Conkling, from the Committee on
Commerce, reported iavorably on the bill
Sappropriahng $4,000 to dredge and pro.
tect q navlgahle canal at the mouth Of the
Buffalo river, and to remove the sand bar
caused there by gale In December last.
Passed.
After some discussion Mr.. Scott said
that there was necessity Tor speedy action
on the bill, and moved that 1t be made
the special order for Monday next.
Mr.. SchuIZ hoped that the Senate would
fix as early day as possible for the con-
sideration Of this bill with the other great
questions now before II.
MIR. Scott's motion was agreed TO.
At the expiration Of tho morning hour
the Senate resumed consideration ol the
bill to equalizs the distribution ofcurren.
cy, the question being on the amendment
Of Mr.. Cameron to the instructions TO the
Committee, proposed by Mr.. Merriman.
Mr.. Cameron moved that the Senate
proceed in the consideration Of the House
bill in relation to the Centennial ExpoSi-
ton.
Mr.. Cameron's amendment repeals all
acts Of Congress which limit, or may be
construed to limit or restrict the entire
amount Of National Bank notes for circu.
lation, and provides that hereafter asso.
Citations organized, or that may be organ.
lied for carrying on the business Of bank.
ing, shall be free to establish and organ
ize National Banks, with circulation, at
any place within the several States and
territories Of the United States, upon the
terms and conditions, and subject to all
the restrictions and limitations provided
by law, except limitations upon the
amount Of circulation, which are hereby
repealed.
Mr.. Ferry, Of Mich, said that while he
was In favor Of the government Issuing
all the currency, ne was willing 10 accept
national bank currency Il he could not
have the entire circulation In greenbacks.
Referring to the value Of greenbacks and
the act OF Congress to strengthen public
credit, he said It was not so much the
services ol the government nor OF Mr..
Sherman as chairman OF the Finance
Committee, which had strengthened the
public credit, as It was the services o!
the other sherman's marching to the sea
and Grants fighting in the Wilderness.
Jast as Mr.. Ferry referred TO the
"other Sherman marching to the sea"
Gen. Sherman entered the Senate cham
Der by the main door. His entrance at
the moment when his name was being
mentioned created some amusement on
the floor and In the galleries.
The question being on Mr.. Cameron's
amendment, 1t was rejected. Yeas 20;
nays 80.
The question recurring on Mr.. Merrl.
mans amendment, lnstructing the COM
mittee 10 report as soon as practicable Q
bill providing for increasing the National
Bank circulation 80 that the whole vol.
ume shall not exceed four hundred mil
lion dollars, Mr.. Gordon submitted sub.
stitute instructing the committee to re.
port as soon as practicable a bill for free
banking, and providing for the convert,
bility Of United States Treasury notes
into low. interest bond or gold coin at the
option Of the Government, and bonds con.
vertible into Treasury notes. Rejected
Yeas 90; nays 80.
YEAs-Bogy, Brownlow, Buckingham,
Cameron. Carpenter, Clayton, Conover,
Cooper, Dawes, Dennis, Ferry, OF Michi.
igan, Goldthwaite, Harvey, Hitchcock
johnson, Logan, Mitchell, Norwood, Pat
terson, Pease, Pratt, Ramsey, Robertson,
Spencer, Upton and Windom-26.
NAYs.-Alcorn, Anthony, Boremau
Boutwell,. Chandler, Conkling, Cragiu
Fenton, Ferry, Of Connecticut, Freling.
huysen, Gilbert, Hogan, Hamilton, Of
Maryland, Hamlin, Home, Jones, Kelly
! McCreery, Merriman. Morrill,, of Maine
Morrill,, Of Vermont, Sargent, Scott, sher'
man, schurz, Stewart, Stockton, Sumner
Wodleigh and Wright.
II Mr.. cooper moved 10 insert the follow
ing as substitute for Mr.. Merrlmani
amendment:
"That the Committee on Finance b
instructed to adopt bill providing fol
the convertibility Of United States Treas
ury notes IN gold coin on FIVE per CEN
bonds OF the United States, and also fol
free banking under the provisions Of tn,
national bank act" Adopted wIthou
roll call. a5I4st
The question then recurring on the mo
] ton Of Mr.. Buckingham to recommit thI
bill with instructions above provided b.
Mr.. Cooper's amendment.
Several Senators inquired II the aubstl'
tute Of Mr.. Cooper had been adopted.
The chair announced It had.
No one having called Tor the yeas anC
nays, Mr, Morton demanded the yeas ant
nays. 'i--'
/ The chair (Mr. Carpenter) decided 1