, 1874-12-12

Meanwhile, thore aro worry active efforts to
ncuure l. bill Which, whIlo on1bodyinR thu as,b-
ktantlat recommendations Of tho Presidents
message, would ho certain to become a law.
TIE BANKING COMMITTEE.
! Tho 1Io!iso Contnttoo on Banking md CIR.
| rrnny haye already nold two meetings, Tho
mombora i1nro Ind 4 vory general Interchange Of
,lewa. canvass of tue opinions OF tie dittor-
ont members OF tho Committee sllowa tint they
l,ave boea somewhat changed during tic rocoss.
| Tho rrnnounced inlatlon1bts aro not ~ radical
for nappr 1nonay aa they wcro last wlusor while
tue llart-1nohey nien aro ovon moro positive In
moro stronglylo loan to tho hatt-money sido. Ontl
abstract question Of paper currency and Hpecio
pay,nontB tie cotnnittoo undoubtedly Btana Bx
FOR hnru money and flyo for soft money but 1t
has M yet been impossible to loyiso any acl.one
for resumption Upon which tho nomlora Of tho
Cohmittoo can unite. Some nf tho uo,nbcrs
arc quito hopeful Tint nucll measure can yct
20 devised. md tlicy nrc nav daily engaged In
tao consideration Of different propositions to
srn. rAnwE1L's n1LL.
Charles D. Tarwoil has prepared hill whic',
contains his vlcwa NJ to thn bust ,noans Of n
speedy roturn 10 specie payment. This bill, Of
Which tho following 1s tho text, mr. Farwoll wil
f!'. fos the rcsumrtion M Of = spseo payments.
Ef'yessn'ares in coagrtss assembled, Tlat iii limit
.iops imposed by tho National Banh,ug act. limiting
a0 ABKreeAo amount OF E1tnhi Hank circulation,
limiting she amount 10 amy cite bank be aud the saro
SEC. .. That National Bank not.s shhN bo tsoucd 10
old and NOW asaoeiatons by tho Con,ntroltor Of Tho
Currency at 90 cents Upon the oar Of tho full valua
Of amy Uu!tcd 6tatoa coin bons dopoBltel for that
purpose.
ssu g. Tint tho Secretary Of the Treasury shall re-
tire and cancel Oh tlla first day Of eac, and every
month, beginning tho 1s ny OF 1uy. 1876, 81 00C
nt0 Of Untetl 6htes nUeS, Md shall eoutHile Bilrh
retirement and cancellation Until tho notes outntnn-
ing sail be at par with tho gold cnin Of iho United
htaes, when 10 shkll ceso nucl retirement cnd
SEc. 4. Thai 10 enable Tho Secretary Of tho Treasury
to curry out tho provisions Of thia act he Ia hereby
authorized and directed ta tho surplus revenues
OF tho Trcaaury: but, If sHc surpa rcyenue shouldn't
sny time 1e insufficient for ths purpose. he is hereby
Status bouaa for TINT purpose.
THE NATIONAL ToAnp Or TNApE'B PROPOSITION.
The Executive Committee Of The National
Board OF TTade had u conference with tho Sccrc-
tary OF tho Treasury this morning. Senator
Sherman wns prcBont at the interview, and will
proBont tho yiowH of tho Council to the Sonata
Financo Commlttoo OIL Monday next. Tho Ex-
ccutivo Council do not appear to hhvo yot
agreed upon any definite plan to be recommended
IN Congress. Indeed tho members Of the Couu-
c! diffor ns greatly rs 10 ConGreYRmcn. Tho
proposition which whs discussed this morning
was tllae tho Goyornnlont should borrow $780,
0g0 600 In gold with which to co;l1nonco tho re-
dctnption of legal tondors, and issue $500 900 900
In bonda, the subscription for which blali ba
taken in greenbacks. In this why the Treasury
notoH would bo retired. Tho Council Gro mora
nearly agreed upon thla plan thnu upon any
other. It enlbodies some Of tho features Of
Gen. Drlatow'a proposition IN q royorso order.