South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1874-04-10
Forty-Third Congress.

der consideration. The hrst movement was
on the amendment Of Mr.. GoRDoN provid-
ing f1r free banking and sn spportioument
10 each of the States of circulation accord
iDg TO wealth and population, based on the
amount now outstanding ia the State OF
Maine. Mr.. DAVIS of this Safe, moved
10 amend by blsiog the circulation 90 Penn.
- .yania, instead of Milne tie said that
according to a calculation which be had
made, the additional circulation on Mr..
GoRDoN's amendment would be two hun
dred and eighty millions according to his,
II would be about one hundred and ten
millions; and based Cd New York, as nrc-
posed by the finance committee, it would
ne one hundred and twenty millions.
This proposition was accepted by Mr.. Con.
DON, but was rejected by the Senate. a
motion Of Mr.. MoRaILL, Of Vermont, that
tho maximum limit Of fractional currency
shall De forty millions, and The amount in
excess shall be Withdrawn as soon AZ prac.
,lcable, was los'--yeas 70, nays 80. Mr.
SHERMAN mOved an amendment requiring
that the banks shall keep their entire re
serves IN their own vaults, and no bank to
redeem its notes at any other place than
over lis own counter. NJ. SHERMAN gave
notice that he intended to cffcr other a.
mendmouis, including a modified fern of
the second section Of the bill, which had
been stricken ou,. Pcnding further dis
cussion the Senate adjourned.
In the House, the Senate bill supple
mentary to The act of Nay 10, 1872, TO de-
vclop the mining resources of the United
States was passed. The special order. the
I currency bill, was then discussed by Messrs
/ PHELPS Of New Jersey, HAwLEY of Con-
nec'icuf, ELDRIDGE of Wisconsin,, and Il.
Il HoAR
Ia the Senate, on the 2nd, the finance
bill was again under consideration. Mr..
| FRELINGHUYsEN offered a substitute for
| tho third section Of the bill autborizipp
/ for'y,six millions Of banking curreLc7.-
This was rejected. Mr. DAVIS o! this
! State offered an amendment in the nature
/ OF substitute providing for the transfer
/ OF fifty millions Of dollars Of circulation
! from the States in excess to the States
/ Of the SCu;h md West; rejected Tie
amendment Of Mr.. MERRIMoN, of Nor.h
/ Carolina, offered several days ago, proviS-
/ ing for fJrty.six millions additional bar K
circulation, thus placing the entire paper
circulation of the country at 100000 600,
divided equally between the government
! issues and The banks, was adopted by
/ vote of--yeas SO, nays 10 Several other
amendments were offered and soverally re-
j"c'ed. Ga motion of NJ. ANTHONY. the
bill vas LAID on the table for the purpose
OF enabling him TO move an adj lurnmoDt
today Good friday ill Monday.
la the House the debate on the currency
bill was resumed. Mr.. DAWES said New
England would favor free banking aud free
banks provided they were proper aud need
fu' safeguards were placed around them Mr..
HAWLEY, of Connecticut, followed in
the same strain bat would not consent TO
an increase in the volume Of currency -
Mr.. BUTLER, of Massachusetts, opposed the
Withdrawal of legal tenders. He would
take the whole wealth AMI property of the
nation and put it behind the greelbacks
f3r their redemption.
Ia the Senate, Gu the 3rj, the motion
made by Mr.. ANTHONY to adj 1urn on Good
Friday till Monday was lost. The bill to
provide for the redemption and reissue of
United Safes notes and for free banking
was then taken up. Mr.. SHERMAN said
he had one or two ameudmets to offer viz,
the reinscr'ion, with some modifi ,atons, of
the second and forth sections, which had
been struck out, and suggested that the bill
lay over until Monday; agreed tor The
Senate then adjourned till Monday.
Ia the House Mr.. MILLIKEN, of Ken
lucky, made a motion that the committee
Of ways and means be directed to rcinves.
dgatc the Plcili, mail subsidy question,
particularly 10 relation to the report that
large sums Of money had been paid to Sc
cure i's passage; adopted The ijnt re-
solution requesting the President 10 inter
ccdo with the Queen Of Great Britain for
the release OF EDWARD O. CoNGER, Of
Cincinnati, who was arrested for murder in
Manchester, Eogllnd, and who is now 10
prison hero, was adopted.
II the House, on tie 4th, a number Of
bills Of q private nature were considered.
and then the House entered upon the con-
siteratiou Of The currency bill. This was
debated at lngth, and, pending further
discussion, Che House adjourned.
IL Che senate, on the 9Th, memorial
was received from the eldest son Of tho late
General i +. LEE, asking fer compensa
ton fnr tho Arlington HuGnrs property
ard that the matter be referred 10 tbo Court
Of Gains. The Senate then in committee
Of the whole resumed the consideration If
the finance hiIl, the question being on the
motion n Mr.. MERRNoN 20 strike out the
whole BIN with the exception Of the frst
and second sections os amended Tho bin
aud amendments were then reported 10 tho
Senate and corcurrcd in. The bin was then
pa. on iis passage, and was adopted by
vote Of yc1e 20, nays -. Mr.. BoRENAN