The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-24

Text OF the Measure.
WASHINGTON, March %, 1874.
The bill Of Mr.. DAWES Crep.) Of Mass, fixing the
actual issue and circulation Of currency at
$500, 00o, O0O was passed by the House to-day, as
reported from the Committee Of Ways and Means,
all further amendments being rejected. 1t now
goes to the Senate.
After some unimportant business had been
transacted Mr.. DAWES moved to suspend the rules
and discharge the Committee of the Whole from
the Four Hundred Million Dill, In order TO have it
considered in the House now.
Mr.. MAYNARD trep.} OF Tenn, opposed the mo-
ton. submitting that the question was involved in
the general bill reported from the Committee on
Banking and Currency
Mr.. BUTLER, (rep.) OF Mass, asked Mr.. Dawes
whether he would admit amendments.
Mr. DAWES replied that he was instructed by the
Committee OF Ways and Means to admit
mendments that would reduce the sum below
100000. but not to admit amendments that
would increase the sum above s4Oo,OOO.ooO.
Mr.. BUTLER remarked that he did not like to vote
or act in a straightjacket.
Mr.. DAWES replied that his colleague could not
be put In straight-Jacket because the matter
would be within the control OF the majority OF the
House.
Mr.. Cox. tdem.j OF n. A., asked Mr.. Dawes what
he intended to do with the reserve already cut.
Mr.. DAWES replied that the amendment which he
proposed to Orer was tnat hereafter the total
amount OF United States circulation at any one
time shall not exceed $3.50, DOC, 900 and directing
the Secretary Of the Treasury to withdraw from
circulation and cancel whatever amount OF such
notes is now in circulation beyond that sum, as
soon as can be done consistently with the exigen-
Mr. E. Il. ROBERTS, (rep.) of n Y, desired to
indicate an amendment which he proposed to
offer liking the sum at $685., 600 900, the sum now
The motion to suspend the rules was seconded
by majority Of the House. and then the rules were
suspended by vote OF 1855 to "a.
THE AMENDMENTS PROPOSED.
Mr.. E. II. ROBERTS then offered his amendment
providing that the total amount OF legal tender
never exceed 1882, 0OO. 600.
Mr.. DAWES then offered the amendment already
indicated by him and moved the previous question.
Mr.. COX, Of New York, desired to ask the Speaker
question. but was met by numerous calls OF cor
MI. OoBuRN (rep.) of Ind desired to oner an
amendment or, at least, to have 1t read.
was IN favor Of Mr. GoSurns anenIment, but that
having been put in strait jacket, he proposed to
go on IN that condition.
whether, in case the bill should pass fixing the
amount at $500, 600 900, he would admit an amend
used in the liquidation OF the public debt.
Mr.. DAWES was about to reply, but MI. BUTLER
MR. DAWES AMENDMENT REJECTED
vote OF 122 to TO- and the House PROCEEDED to vote
by yeas and nays on the adoption OF MIR. Dawes
amendment, as an amendment to MIR. Roberts,
amendment, the Speaker explaining that 1t would
require still another vote to incorporate 1t in the
The amendment was rejected-yeas 70, nays II,
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MIR, ROBERTS, AMENDMENT REJECTED.
The question was then taken on Mr.. E. II. Rob-
erts' amendment, and it was rejected by yeas "A,
nays l72.
Mr.. Cox moved to lay the bill on the table. Mega.
ttved without the yeas and nays.
The vote was then taken ordering the engross.
ment OF the bill, and 1t was carried--yeas 1857,
nays so.
PASSAGE OF THE BILL.
Mr.. DAWES, of Massachusetts, then moved the
previous question on the passage OF the bill.
Mr.. BUTLER moved to reconsider the last vote.
and said lie desired to say few words In advocacy
of that notion (Cas Of "Order.'D
MIR. DAWES made the point Of order that a mo-
ton 10 reconsider was itself unbeatable.
The SPEAKER sustained the point or order, and
then Mr.. Butler Withdrew the motion, and the pre-
vious question was seconded.
The bill was then passcd-yeas, 1853; nays, II.
TEXT OF THE BILL
The following is the text OF the bill:--
"A bill to fix the amount OF legal tender notes at
$400, 000 000":-
Whereas the existing uncertainty as to whether the
legal tender authorized by law to
be Kept In general circulation 1886 or 500 OO000
Is cacu ated derange the business OF the country and
unsettle values therefore be 10 enacted, &C.,
a