New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-05-15
XLIIID CONGRESS--1s SESSION
REGULAR REPORT OF PROCEEDINGS.

THE FINANCE BILL AMENDED AND PASSED by TIE
srS.Tr-TuE DEFICIENCY APPROPRIATION BILL
PASSED BY THE HOUSE
SENATE WASHINGTON. May II, 1874.
At II o'clock the President pro tenn. called
the Senate to order and directed that the roll be called
to ascertain II quorum was present ohy 10 senators
answered to their names.
Mr. WINDOW (Rep Mimi said the Committee on
Appropriations had permission to sit during the session
OF the Senate accounted for the absence OF tho
members thereof from the Senate Chamber
Mr. HAAiLIN Rep., Me- said there were many Sen
aors the building undoubtedly Dut engaged In their
The CHAIR MIR Carponter) read from the rule for
bidding the transaction OF any aed rs c
OF so many at the hour OF meeting yesterday
hence his course to-day.
present yesterday at the time OF meeting. but absent
today hsEet9s the account was oveh that when the
Senate adjourn to-day IL be to meet at IL O'CLOCK too
The CHAIR decided that no motion was in order ex-
0y, r 20 CHASDIER REP Mch) made that notion but
at the request of several Senators he withdrew 1t and
moved call OF the Senate.
The roll again called ana fo nehators answered.,
The CHAIR directed that the journal OF yesterday be
Mr. PRATT (Rep., Indj from the Committee on Pen.
sons reported adversely on large numoer OF petitions
OF soldiers in the War of and the widows OF such
soldiers for pensions He said the reason Of these adj
reports was that the majority Oh Inc Committee
favorably on the House bill which provides for pen
sion Of $ month to all surviving soders OF n9 war OF
1912 without reference the time OF service ana II also
provided for the widows OF sueh solhlers Inc Com
nittee was dsehargea from het T9er CONS
Commerce reported with amendments the bill to relieve
ships and vessels from the payment Oh COMPULSORY plot
Mr.. BUCKINGHAM tRep., Conn.,, from the Commit
tee on Commerce reported S s Sm 1T SnsS D
sioners act approved June Z, 1871? Passed.
Mr.. GORDON Dem, Cal from tne committee on
4 ~ red, lOr
relief OF Charles Sands OF Brookyn n y Placed on
the calendar m a., also 3 TO amend D t seeSn m Of
the act Aug Is, 1885, TO regulate the diplomatic and
consular service OF the UGted states az 10 provide
that certain officers should not be- absent from
their post period than 10 days ut any one time
WItnout permission previously obtained OF the Pre- dent
and that shall not be allowed for any such
absence, exception case Of sickness Inc bill also for
bids diplomatic consular officers from correspond
ing In regard to the public ahhrs OF any
forcgn Government with any private person,
or periodical without the consent OF the Sec
Rotary OF State Teyiousy obtained 10 recommend any
person employment OF trust or profit under the
Government OF country in which they may be To-
Gated or ask or accept any favor Office title OF any
kind. The Commltteelwas discharged from the further
Mr. CONOyTR CRep Flal introduced a resolution
que.tng the President to transmit to the senate II not
Incompatible with the public interest copies OF the cor
respondence relation to the arrest OF f. ~ Dockery
by the Cuban authorities. Laid over.
corIoraie the Capitol North O-st, and South Wash
ingou Railroad Company, which was read
THE FINANCE BILL,
Pending the discussion the morning nOur expired, ana
the Senate resumed consideration Of the Finance
bill, the pending question being on an amendment OF
Mr. Wright (Rep., Iowa) TO strike out 50" fifty per cent?
as the proportion OF legal tenders to be retired as new
National bank notes issued, and insert in lieu there
OF 81 twenty-five"
Mr. WASuBURN Rep.. MassJ inquired of the Chair
man Mr. Sherlnan) If II was the intention OF Tie Finance
Committee TO compel the Government also to retain
portion OF its gold IN reserve with the view TO resunlnG
specie payment.
Mr.. sHERMAN (Iep., Ohio replied in the negative,
and said such course would useless unless the Gov
not the case
Mr.. WASHBURN said that in his opinion the Govern
should take step i'll tho direction as tnat
required OF National banks In listening 70 the discus
sion he had been struck with the difference or opinion
existing among the Senators from all sections II ne
could become satisfied that IL would be TO the interest or
the country that the circulation OF the National banks
should done away with aud the Government issue all
currency, he would let the National banks Dc
laid aside. He would inform the Committee, in
all fairness that he had serious doubts az TO the eHec
this bill would have upon the country lie feared that
hanging over the country at the present tme, ana
probably the nation Is better OFF as II Is now than 1t
would DC after the passage OF TINS D AS To whether
its effect would be expulsion or contraction depended
very much upon the number of banks organized under
It, He ana not think the b was OF such nature as to
are worth 1l6. but by waiting u years
they can be obtained at par under ,n the hintn
probable that thcy would wait till that
time before organizing new banks. Again he had no
doubt there banks all over the country which
would be willing TO surrender their circulation, receive
their bonds, and sell them and wait TIL January, lo'
when they could obtain them at par. Congress could
not afford to do anything which would leave any uncer
tauty The OF tho country felt that Congress
pledged to travel In the direction OF specie rcsuDP-
ness He did not want any backward step taken
A then taken on Mr.. Nrlghts amendment
and it agreed toYeas, 32 Nays, 2i-as follows IRE
publcans In roman, Democrats III ltailes aud Liberal
Republicans III small caplthlrI: