Connecticut western news., 1874-02-06
XLIIId CONGRESS.
aTNATT

bonds to the extent of ten thousand dollars per mile.
 al MT. Logan, of H., in discussing the finance question said he did not oppose an ultimate re- return at present impracticabie and unneces- sary. Gold and silver are not sufficient in | amount to return to coin payment They do not and cannot represent the value Of labor, l industry, and commerce., consequently gold and silver cannot now serve as the standard of value or medium of exchange in this country. The confidence of the people in our paper currency has never wavered. In the days of the panic gold fell to one hundred and six. The Senator from Missouri showed that the amount of our currency per capita in 1860 was fourteen dollars and fifty cents, and that it is now nineteen dollars. The logical result goes even further. In 1960the amount of property per capita was five dollars and twenty-six cents, which increased to seven dollars and ninety one cents in 1870. The same ratio of increase of currency would now require twenty-two dollars per capita, a total circulation of eight hundred and fifty million dollars. This amount is now needed for active circulation. It would | not be in excess of the amount per capita in Great Britain and France. The most reliable recent statistics represent the circulation in France at fifty per capita and in Great Britain at twenty-five per capita, which latter is ten per centum more than is here demanded.
 Mir. Sherman, of Ohio, presented a petition of the National Board of Trade against any increase of the volume of currency, asking that the national Banking act be amended, and that the volume of fractional currency be reduced. The Committee on Transportation Routes was requested to report on the subject within reasonable time, giving full details of the cheap transportation question 50 far as they were able.
 Petitions were presented by Senators Bout we'll, Sherman, Fenton, Ramsey, Wright, Chandler, Anthony, and others from women in various parts of the country asking for legislation conferring upon them the right to vote.
 MT. Merriman of N. C., said our country enjoyed the confidence of it's people more than any country on the face of the earth, yet our currency had been less valued than gold by 20 per cent. He argued that it was impossible to make paper currency equal to gold. It was idle and criminal for Congress to undertake to bring greenbacks up to the standard of gold. We must put ourselves on level with the com mercial nations of the earth, and to do this we must have gold and silver currency. Until we establish a medium of exchange based upon gold and silver we can never have the advan- tage of commerce. He advocated an immediate resumption of specie payment.
 The Senate unanimously confirmed the nomination of MT. Waite to be Chief-Justice F substitute was reported by the Finance Committee for Mir. Howes. Liquor Traffic bill. Mir. Sargent. of California, presented 8 long petition of Susan B. Athony relating the cir cumstances of her registering and voting in Rochester, N. r., and subsequent indictment and trial for illegal voting before Judge Hunt of the United States Supreme Court, stating that her trial was not fair one, and her con- viction in violation of the statute, and asking that the fine imposed upon her be remitted.
 Mr. Morton, of Ind, submitted the following resolution. which was laid on the table and ordered to be printed
 ResolUed, That the Committee on Transpor- tation Routes to the Seaboard be instructed to consider and report bill creating commission of five eminent and skilled persons to be appointed by the President, by and with the advice and consent of the Senate, who shall examine and report to Congress what legisla- tion is necessary and practicable in regard to interstate railroads to promote the following objects, viz: The speedy transportation at reasonable rates of freight and passengers the safety and comfort of passengers by pro- viding for the inspection of bridges, tracks, locomotives and oars and the reform of any abuses that may exist in consequence of eX- tortion, or unjust discriminations in the trans portation of freight and passengers, and, in general, what regulations are necessary to promote the efficiency of railroads, the interests of commerce, and the convenience and safety of the travelling public.
 The Naval Appropriation bill was passed without amendment, just as it came from the committee. The entire amount appropriated is sixteen and half millions. This is fully 34 millions less than the average annual appro- priations for the last five or six years, and is within million as low as the appropriation for 1859. The House has passed, and the Senate, bill appropriating $4,000,000 for the ex- traordinary expenses of the navy.
 Bills introduced To provide 8, currency ill coin and paper of equal and uniform value throughout the United States to abolish the system of mileage to establish department of manufacturers Also, to allow national banks a circulation equal to the face of their deposited bonds; for the purchase of Mon- ticello. Va., formerly the homestead of Thomas Jefferson, and containing his grave to amend the national banking law so as to provide for free banking give better security to depositors, prevent usury, give elasticity to the currency, and, place the finances on more secure and substantial basis. -
 viding that the heirs of any soldier who was | killed or died while in military service during the late Wal, whose period of enlistment was | for less than one year, or who shall have died E by reason of wounds received. or disease con- tracted, shall be entitled to receive the same bounties as if said soldier had enlisted for three years. This bill includes all who enlisted for three or more months at the commence nent of the war, and who have never received bounty. Referred to Committee on Military Affairs.
 The House refused to suspend the rules to admit resolution by Wilson, of Ind to in- crease the circulating medium, the vote being 134 to 9S. TFsf
 Mir. Young, of Ga., moved to suspend the rules and pass the bill providing that all printed matter printed by order of the Govern ment, and bearing the official signature of a member of either House of Congress, shall pass through the mails free of charge until the 1st of July 1874. Rejected. Yeas, 1, Nays, 163 iz .. a1 @r '+- '..
 A bill presented provides for regulation of the passenger and freight charges on railroads through 8 commission of nine members, to be appointed by the President by and with the advice and consent of the Senate, and to hold office for two, four, and six years, with com pensation of four thousand dollars and actual travelling expenses.
 new rule, providing that all motions to suspend the rules, except to go into the Com nnittee of the Whole, shall be seconded by a majority before being submitted to the House, was adopted after long discussion.
 | A bill was reported from the Select Com mittee on the Centen1i al Exposition requesting I the President to extend invitations to other l Governments to be present and take part in the Exposition. After long debate the bill was passed, only four members voting against it ! l. MT. Cox, of N. Y., presented memorial oi E. &. Jaffray & Co, Lawson Bros., and thirty five other importers of New York city, repre-. senting six hundred millions of invested mer cantile capital, praying for repeal of the hiet rates of sduty in real and hand made lace, tc prevent smuggling and to increase the revenue
 The House passed the bill to pay officia reporters, and set apart two days to debate the I the bill permanently increasing currency tc
 $4OO, ,OO0, 900.
 MT. O'Neill of Pa., presented petition o
 citizens of Pennsylvania, praying for the enact
 ment of laws directing the redemption or con
 version of legal tender notes outstanding since I 1862 by issuing therefor, at the option of tho
 holder, bonds of $1 900 and it's multiples, sait
 bonds to be payable on demand in said lega
 tender notes, the bonds to bear interest
 some fixed rate, say 3,65-10O per annum, and
 also that the national banks may count sait
 bonds in the reserve.
 | MarrIaOn OR @fIia nnke of Ehinhuroh