Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-03-27
No More Hifalutin Comments
on Petitions New York Busi-
ness Men Praying for
More Currency.
$50, 900 for Immediate Use on the
Mouth of the Mississippi
The $500, 100000 Limit
Passed the Senate.
The Inter State Railroad Com
meree Bill Passed the House
zo Synopsis of the DOcu-
ment-Ete., Ste.
SENATE.

r- a-r SENATE. -
WASHINGTON, March 26.-The chair
called the attention of the senate to the
rule in regard to the presentation of pc
titiOns, and said that habit had grown
up in the senate recently of reading the
names signed to petitions, and COM
menting on the contents. The rule re-
guired each senator presenting a peti-
ton to make a brief statement Of the
object thereof, and the practice of max
ing comments was clearly out of order.
Hereafter he would enforce the rule.
Senator Ferry Mich.1 presented q
joint resolution of the legislature of that
State, asking for an appropriation for
the improvement of the Saginaw river.
Referred.
Senator Johnston presented the petit
tiOn OF Fitzhugh Lee for the removal of
his political disabilities. Referred.
Senator Logan presented a memorial
signed by three hundred business men
of New York city for free banking and
an increase of the currency. Referred.
He asked leave to read the letter ac-
companying the petition, but the chair
ruled it out of order.
Senator Morton-You can read it after
the morning hour. "
Senator Logan-Well, 1 will do so.
Senator West called up the house bill
appropriating thirty thousand dollars to
continue the dredging at the mouth OF
the Mississippi river. Passed.
The morning hour having expired, the
chair announced that the senate would
resume consideration of the bill to pro-
vide for the redemption and reissue of
United States notes, and for free bank
ing.
Senator Sherman called up the reso-
luton submitted by him yesterday, and
amended it so as to provide that after
three o'clock to-day the debate should
be limited to ten-minute speeches on
each amendment, and that it should be
in order to move for recess from five
to half-past seven o'clock in the even
ing.
Senator HamIin proposed that gen.
eral agreement be made now to COM
mence voting at three O'Clock to-day,
and after that hour speeches on each
amendment to be confined to ten min
utes on the part of each senator.
After some further discussion, Senator
Hsmlin modified bis proposition so as to
provide that the voting should COM
mence st four o'clock, instead of three
O'Clock, and, as modified, was agreed TO.
Senator Scott said the bill, as it came
from the committee, did not command
his entire appreciation, but he WAS dis
posed to adopt it. He would be gov
erned by circumstances as to whether
he would offer any amendments. On
some of the provisions of the bill, he
was paired with his colleague, Senator
Cameron, who was detained from the
senate by the death of q member of his
family, but on other provisions, which
they both agreed to, he would vote.
Senator Fenton announced that he
would vote against the bill.
Senator Morrill, [ VT favored the re-
issue of legal-tenders, dollsr for dollar,
as national bank notes would be issued.
Senator Logan said this bill had been
reported here by the finance committee,
and he had not heard q single member
of the eommitte speak in favor of it
except the chairman, and he Logan
believed he was rather doubtful. The
committee asked the senate to vote for
the bill when all of its members were
against it.
The hour of four o'clock having az
rived, the chair announced that the ten
minute rule would be enforced, in ac-
cordance with the agreement entered
into this morning.
Senator Howe said that he would vote
against reducing the circulation of legal
tenders, and was also opposed to their
increase. He would therefore support
the bill of the committee, believing it
best to leave the circulation as it is at
present.
Senator Thurman said that although
the bill of the gentleman from Missouri
LSehurz] should be adopted, it would
not pass the other house, after the vote
in that body on Monday.
The question being on the amend
ment of Senator Schurz 10 strike out
and insert fifty-six, so tba
the maximum limit of United States
notes should be three hundred and fifty
six million dollars instead Of three hun
dred and eighty-two million dollars, ss
by the committee, it was lost
yeas, IS; nays, 40.
Senator Wright moved TO strike out
the whole of the first section of the bill,
Of the enacting clause, and insert that
the amount of United States for circula-
ton is hereby fixed at four hundred mil
lion dollars.
Senator Morrill, [Vt. moved to amend
the substitute by inserting after the
word "dollarsn as follows: "At which
amount it shall remain until reduced as
hereinafter provided"
Senator Wright opposed the amend
ment, and said it could be adopted after
ward. He thought the fourth section of
the bill was the same as the amend
ment of the gentleman from Vermont
Morrill,.
Senator Conkling said if the amend
ment of the gentleman from Iowa
| Wright should prevail now it would
be only logical for the majority voting
for il to vote down the fourth section Of
the bill, which provided for the reduction
of legal-tenders down to the sum of
three hundred million. The time to re-
sist the amendment was now at the
threshold.
Senator Sherman said that if it was
the intention of the senate to declare
that as maximum limit to the green
back circular, alarm would be created
throughout the country. He opposed
the amendments of Senators Wright
and Conkling, and said he knew moth
ing to equal this proposed action since
he had been in the senate, except once,
and that was the refusal to insert pro-
visien fOrbidding the secretary of the
treasury to reissue the forty-four million
dollars reserve, because some senators
thought it was not necessary to do so.
He hoped the senate woald not be
now so as not to see the de-
signed difference between the words
"maximum amount" and circulation -
Did any man suppose it was a mere
matter OF style which led the senator
from Iowa Wright to use this Lam
guage? 1t meant to jump everything
known as the legal.tender reserve, and
if the amendment could be adopted, the
reserves could be issued in addition to
the four hundred million dollars.
Senator Wright denied that such was
his intentions, but he preferred the
as he had worGed it.
Senator Conkling said che senator
from Iowa would not waste time over
words il they did not mean something,
as the gentleman went for things and
not for words. He j Conklingl hoped
that the amendment of the senator
from Vermont Morrill, would be
adopted. Some one had said that the
amendment could be adopted afterward.
1t could not under the rules, and it must
be adopted now or never, EIe hoped the