New-York tribune., 1874-12-23

United States LVuxTess would give tJet1 uOW sous
bill wAicn set lie tie Du-nc~s II N. country.
Tue Iaesuou Delug Oh the wo.o9 Of Mr. sner"an to
follows (ts.pnbiicans IN ronln DeiuCcr is in i,ades.
AMI LiberH Repu11eau~ IA SniAh c&.itIlSl:
S:;:sss. S':;1: s,s'A Ill., s%F:s''
ts..s .s.sa ns.IISs Hs; vs. VS. ta:ss:. s
CaIyener haDIo, Morton, W4snsuTA
s1.ss Sa' Hove, hSs''' :t'''' Psase. W%.Ssss
sss s:s ass:, ssss cs4 S::s :.'"sr 80:
pa's Isss iG4",'0' Tt;s E,%:S%, ESSS%s 'r''s-la
,ion thereof. tie Char, NJ. FERRY (Rcp.. McnI
o"unced t'at tHe morning. h0ur a. expired, and that
bic 6enIe wOdd resahe consideration OF tAe uuuasIed
business btn2 hii 10 provide better governnent for
tue District of Co'u nbi upol walen tae tJr frOa
EJrfn Carolina Dlr. Merr.moul was eutiued TO the
Mr.. SHERMAN asked the Senator 20 yioj. that he
might uL-e mNton t. have the D.trct oil iIlL OTer
Mr. MEERIMoS declined TO DO so.
Nj. SAERM An gave notice that lie would move TO fay
The D:strct bi aside Senator MerrImOn CON
euded nis rem" ko, a1d take up Ihe Fnalce pi..
THE DISTRICT G0vEkNMENr BIZ.
The pending question the District bul was the mo-
tou OF Mr.. Morton provide for the election Of Com
niseioneIs by the qualified voters OF the District.
instead OF having them appointed by the President
Mr. MER2IMON tDem. N C.] spoke in opposition to
H. and en- eIPd long argument as to The powers OF
H. opposed eUG:a-e t;e Dis;licl, it being undor tie
cOatrO OF Goa ress. lie said he i not op-
puse tue aucEt tecau>c conferred sun"a-e upon
the BLACK here /" his own Stue, VII re tue DeDO
crLts uai control the Two races IVel Ia har ay' au
the black man mad al the rights OF tho White tndn
In reply question ot Mc sAlSGEET (R ;p Cal),
h. sad the rccear proceedings Ms,Irsipp Araauas
anu L0ulsiua "ue Iu mlsru!e without parallel,
Mr.. CLAYTON CR;p:. AID Presented a u ,lhorl4
lau law Vi government tnero an askinx suen lees
L.uOn by Congress as wl g1ve lawful goveTnment IN
and E.ecaons.
THE DEBATE on AND PASSAGE OF TIE FINANCE
BILL
Mr.. SHERMAN tRep., Oho) moved that the pending
bill to provide better government for the District Of
Columbia be laid aside, and that the Senate proceed t.
the consideration Of bill to pr0vle for the resunp
tion OF snecie payments. Agreed to. .- A.,
Mr.. SHERMAN SAID lie dli not intend to reopen the
DEBATE Oh fnancial topics " list session. rhc senate
composed Of the sane persons now and 1t was lille
the of adiJurnInen;, anu there was general ieet
ing THAI Concrrss shouid do so;'I'nG' r de$ted 70
b tended tpNhrl tne ANNOUNCEMENT IN tdc titlc Ice
Whirn denIanded rciIsonaDs colctss,ons from every
Senator. e then explained the va.i0ns provisions VI
the bill and said rst sectio, providing Tor tie re-
demplun OF fractional curr"ncy with conn., met the
approval of both The Secretary OF tne treasury ard the
Pro,dent TIE sccond section Which rcpeaIta te law
making char" OF one ftn of one per cent for convrrt-
Ing standard gold bullion INTO cCn reqafeI oaerlnSe ice
per annum that beng the amount LEVIED Last yrac upOn
s se ihrI wrU s1" Of The bl rioviacI for Tree hankn
Ulder the prese law banking is virtually rec In some
commercial OF The codnrY II vas not free TAis
free banking sec"n, therefore proyiied Tor the en-
business Of the country demanded It, II also prOp0sed
.en oi tue onn Of INV bank noteF issued Tue sec
mon did not either contraction expansion vi
The cnrrency leaving t he governed by
wants OF the community Tne bill also provided ample
means Dsntiin and provide Tor specie rrsumptlon
and no stuator coui GOuDt that, II the Dl became
law speclr payments would be Resumed on the Ist OF
Jannary 1919 II efforts should be made by Senators to
eDgrat Questions on TINS O taey Wouu Ienu 10
dffat He reviewed tGe 81 s.Tera M plans tor specie
sala lie had been compelled 70 surrender his ideas in
regard 10 rcsumption
cent irsai ten.er- redeemed we're 70 pe rri-saed.
Mr.. SHERMAN said that would be question for
Of legal tenders should be reduced to 500 ON co., He did
not think ANYTHING should 10 saI ~ shis nili as TO
No man knew now fast the notes would be issued,
interess OF the Before arrival Of the time
when the legal tender. would be reduced to $500 oo
spd he thought much better to leave the question OF
MI scHURz the Senator tneS sdms that the Sec
retary may reissue tue ~ per cent again.
Co0tinung lis argument, he said 1t would wise
70 Introduce into thus Uill controversy which would
could Be accomplished. He approved the bill because
every portion q IL tended TO specie payms1ts y M ,
s.ssr as possible. The Senator lar shermanl knew
S% bus a.s m as es' dS eOpSTs %
Mr. THURMAN tDem, Ohio, said the nrst and second
Se thought very weak. Tnis Was bill OF a great deal
ef omission and the least possible commission. For
year past there had been free oankng In portions
81 the country, and the consequence
eepcy had increased about q 10000 Pass this b and
yeptured the assertion that increase VI
honal bank currency ia tho next four years would
est be over u0oO0yooo, and the retirement Of
spon the country the result Of over. trading
sad exravsgsnce until at last the bubble bursted and
here season OF setrenchnent and economy. Ia
Ne history Of this country It wa: shown that
80 of tue country revived ia less period than
bur years after panic. Nothing bot time, houesty,
ssenouy ana retrenchment would cot business In mo-
hon and country prosperous II could not be
eene By nkerng By bills which omitted everything
snd contained nothing. He offered an amendment ~
- additional section
9Ast sa s.d June 80 1875 ssetsesseh p.rt Of The
tsss sha b. Uasd States notes
sk ssl sss Jena 80 1876 ssstsais asa altar Iass
-. lb11, eae4hh n .