Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-03-18
CONGRESSIONAL.
Summers Civil Rights Bill to be
Revived.
Logan Discusses on the Cur
rency.
House to Debate on Transporter
ton To-Day.
SENATE.

| - VI %AAOAiSAh. liCcCniCu q pc
titiOn from about four hundred leading bu-
sineSs men of New York, using millions
Of dollars in the their business, in which
they protest against the efforts making to
reduce the volume of currency, and pray
that the same may be increased so that the
business OF the country may be carried on.
Mr.. Chandler presented a petition of
citizens of Detroit in opposition to any in
crease In the volume OF paper currency,
and favoring speedy return to specie pay
mentS. He said the petition was signed by
all classes of business men, andrepreSented
30 per cent. Of the whole business interests
of that place. Referred.
Mr.. Cameron, from the Committee on
| Foreign Relations, reported favorably on
the bill to authorize the President to &C
| cept for citizens of the United States the
jurisdiction of certain tribunals in the OF
toman DominioDs and Egypt, established
or to be established under authority of the
Sumblime Porte and in the Government of
Egypt. Passed.
Mr.. Stephenson called up the bill COM
penSating the Louisville and Bardstown
Turnpike Company for certain bridges de-
stroyed during the war. Passed.
Summers Civil Rights.
Dir. Frelinghuysen said some weeks AGO
when the civil rights bill was under discus
sion, upon his statement that if the bill
should be referred to the Judiciary Com
mittee, it would be reported back soon, the
late Senator from Massachusetts (Sumner)
agreed TO the reference and he (Frelinghuy-
SEM now desired to state that the commit
tee had spent two days in perfecting the
bill. 1t was now ready to be reported to
the Senate, having received the approval of
a majority of the committee, but as the
author Of the bill had been taken away, he
(Frelinghuysen) would not report the bill
or call it up until the chairman of the COM
mittee (Edmunds), who favors it, should
be present that he might take part in the
debate. The Senator from Massachusetts
(SumneI) had consented to the reference of
the bill on account of the health of Mr.. Ed
munds.
The Whitewash too Thick.
Mr.. Stewart said on the 18th of March,
just as the Senate was about to adjourn,
that the President pro TEN appointed him
chairman of the joint select committee to
investigate the District of Columbia GOV
eminent affairs. The question having
arisen in committee as to the authority of
the President pro TEN of the Senate to APP
point the chairman of the committee, he
had come to the conclusion that there was
cause for doubt as to the power of the chair,
and he had therefore declined 10 act under
the appointment, not feeling warranted in
doing so.
Mr.. Thurman argued that the appoint
ment Of Mr.. Stewart as chairman was iITeg-
ular, and said the President pro TEN had
not the right, unless specially authorized
by the Senate, TO appoint the chairman of
any committee whatever.
After remarks in a similar strain by
others, the chair (Mr. Carpenter) said he
had no desire now, nor had he any inten-
ton, to usurp any authority. The original
resolution provided that the joint commit
tee be raised, and the opinion of the chair
was, without much reflection on the sub
iect, that the power which the Senate pos
sessed was ordinarily conferred upon the
chair.
Mr.. Thurman moved that the journal Of
March - be corrected by the appointment
ment of the Senator from Nevada (Mr.
Stewart) as a member of the committee,
instead of chairman of the committee.
Agreed to.
Logan on the Currency.
L 1t GCAltiit lllCll LGSullltu Tie GOllSlltId-
ton of the bill TO equalize the distribution
of the national bank currency, and Mr..
Logan, being entitled to the floor, addressed
the Senate.
Mr.. Logan referred to the speech Of the
Senator from Missouri, (Mr. Schurz.) He
said the Senator imagines himself in Lon
don or New York, and fOrgets he claims
10 be from Missouri. He seems to imagine
banks and a clearing house at every village
and cross roads in the West. He tells us
at one time that money will seek the best
market; at another the East is already
burdened with excess. He argued if We
increase the volume of currency that it will
flow from the Southi and West. He says,
also, if we authorize North Carolina to
establish banks, the more she puts in ope-
ration the less currency she will have in
circulation. In other words, he says to the
South and West: "YOu don't know what is
best for yourselves. Go on tilling the soil,
which is your proper employment; you
don't know anything about money matters.
Leave all that matter to more intelligent
mOneyed men of the East, and borrow
from them. Your business is to work for
them, and take the wealth of your section
to pay interest to them. Your increase in
LltiAAlielNltilCS anu wealth - "
your welfare" He argued that there was
remarkable similarity between the argu-
ments and illustrations of the Senator from
Missouri and those of Eastern capitalists.
Every plan offered by those opposed to the
increase of currency embraces that of re-
firing greenbacks, which do not bear inter
est, and substituting in their place interest
bearing bonds payable in gold without the
power of recOnversion into greenbacls,
so as to keep them in circulation, thereby
imposing upon the necks of the people an
additional burden Of so many millions per
annum.
In conclusion he called upon the Senate
to adopt liberal policy Of free banking,
which, properly guarded, will not only do
justice to all, but will develop latent re-
sources Of the South which lay dormant
under former mistaken policy, and which
will utilize the water power of Virginia and
the power locked up in the vast coal fields
of Indiana and Illinois, the iron noun
tains OfMisSouri, and agricultural resources
of the whole country. He warned the
mOnied power of this country that if they
attempt to impose further upon the masses
of the people, they will finally lose their
power altogether. He would stand by the
rights of the people, no matter how mOnied
mOnopOlies might attack him or metrOpol-
itan newspapers abuse and criticize him.
Senate adjourned.