Pioche daily record. [volume] (Pioche, Nev.) 1872-1876, 1874-06-16
DEFERRED KILOGRAMS.

WASHINGTON, June 10. - Morton ex-
planned his report on the Currency bill
as to removing the monopoly of the fea-
ture from the National banking system,
and making banking free. The theory
of the bill was that by the first of Janu-
airy, 1878, 5 per cent. bond will be at
par in coin, and that of U. s. notes being
convertible into such bonds will also be
at par, having gradually appreciated bya
slow rate not exceeding 81 per cent. per
annum; 80 specie payments may be re-
sumed without oppression Of debt or dis
arrangement of the business of the coun-
try. But the bill had been prepared in
spirit of compromise, having in view
such an expansion of the currency as
may be necessary to meet all demands of
the country, and at the same time bring
about specie payments.
Boutwell, asked Sherman, Of the Com
mittee, what knowledge they had of the
condition of affairs which would exist in
rs which would justify the step they
dared not take now. Sherman replied
that they believed the resumption OF
specie payments would then be practical
Bile. Morrill, and Frelinghuysen an-
nounced that they could not vote for the
report. Jones thought the bill besmeared
over with initiation, and he feared that
such legislation would take place before
1878 as would utterly ignor every feature
of the bill. He did know that imitation
under the bill would be immediate, but be
argued that it was utterly impossible,
and to have it permanent with this great
volume of greenbacks in circulation,
specie payment could never be main
tanned without contraction of the vol
ume in currency, and the bill would
never bring the country to specie pay
ment by the arbitrary measure of raising
the price on greenbacks. 1t would be
far far easier to reduce the volume there
of 80 that it would approximate the price
of gold. He believed it easy to return to
specie payment within two years without
any danger to the interests of the coun-
| try. He protested against the passage
of the bill. as an evil, and only evil
would be the result.
Harvey favored the report and crti-
cised some Of Jones positions.
Logan spoke il favor of the report and
expressed surprise at the opposition man.
Tested by the men who recently advocat-
ed every feature it contained. The bill
was not satisfactory to him, but he was
willing to settle the vexed question, and
he appealed to the Senators to act in a
spirit Of concession and compromise.
In the House petition was presented
of the tobacco manufacturers Of Toledo.
Ohio, against the allowed producers Of
tobacco to sell the same to consumers
without tax.
Butler, OF Massachusetts, moved ia
suspend the rules, making in order an
amendment to the sundry civil service
appropriation bills, adding section di.
recting the preference in appointment to
office to be given to soldiers and sailors
and their dependent relatives, and to di.
minish and stop the expense of CARRYING
on examinations by Boards of Commits.
sioners or Others travelling around the
country at the public charge, and 10
stop detailing clerks Of the departments
to sit in judgment on their fellow clerks.
exercising thereby the appointing powe,
which is by the Constitution vested in
the heads OF the several Executive De.
partments, who ought to be men of snf8.
Gent discretion to appoint their own
clerks without being tied up by rules and
regulations imposed on them by the
boards composed in whole or in part Of
those very clerks themselves.
Tho rules were suspended, and the
amendment made in order BY l55 TO 87
The debate on the Civil Service Re.
form was resumed, being limited 70
twenty-five minutes. Starkweatha,
opened the discussion by an indignant