The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-11
CON @ r E S S.
Premature Debate on the
SanbOrn Contracts.
Butler Innocent, TeSty and
BellicOSe.
The Amount of Estimates as Compared
with Appropriations.
THE CURRENCY QUESTION.
THE CURRENCY QUESTION
SENATE.
AsHINGroN. March 10. 1874.

THE CURRENCY BILL
The financial question was discussed again in the
Senate to-day. The bill 10 equaize the distribution
national bank currency taken up Mr. Logan, of
Illinois, who was entitled TO the floor yielded to Mr..
Ferry, of Michigan, who delivered lengthy argument
in favor OF free banking the national banking
tenn He reiterated his preference for the whole volume
OF the currency TO be issued by the government being
the agent OF the people and charged TO do their will
The people had faith and would
be perfectly satisfied with such currency Its soundness
had been thoroughly illustrated in the recent panic. He
had doubt such currency would soon become equya
Repubc u lie thought this plan would Sooner or later be
demanded by the people but he was not so welded to
plan 70 meet the great necessity Of an increase OF the
telegraph lines ana compared the industrial social
paid labor Of this country and deprecated any atemptto
capital owning labor as was the case in Europe he ad
vocated the American system OF labor owning capital
wages while here have titles from the President
down to waiter eSeept that OF an american gentleman
answered riatm the arguments OF Mr. Schurz Mr. Sher
as laid down in books were studying under the dim
lamps of speculation instead Of the American system,
der the sunlight OF experience.
faith that The currency should not exceed 500
wa yOa5sa b as therein an for
legal tenders on their lace SO that instead Of 500
quoted from the speech of Mr. sherman made in 1866 in
slavery rs BY Great Britain had been botted
age, With New England against the south and Vest he
10 ann M e Sqa be as
proposed plans for specie resumption now and said such
Che country and would PROSTATE ali kinds Of industry
ON the other hand with plentiful supply Of currency
=, uo pr, TIE PER PER, CAPITA CIRCULATION
and legal lenders @ IN he aad se
$40; in the south So and in the West sA The per
New England would require volume Of s. COS
had e 10 BASS I ps de
opinion and the people would say the volume must be
M. Mr LOGAN, rep9 from the Committee on Military
lowing officers DUTY west OF Omaha TO have sixty
years or 100 in four years, without deduction of pay
allowances, 49v ans II taken at one time
saga bill approving the action of the secretary of
were out uGdr the ac n Of Pay y % 8 WITH
one years extra pay, and who were subsequently reap
Mr. oeLEsBY, rep) from the Committee on Indian AZ
ing Tor commission to cerain damages sustained by
szens OF Nebrasks kansas and adjacent Territories
~ w. UNION PACIFIC RAILROAD.
Judiciary reported and recommended the passage of
p to be me ne and meaning of the
struction OF the central branch OF the Union Pacific
next the Missouri River and no more and prohibiting
the ISSUANCE Of bonds or patents Tor lands Tor any
Ralfosd il Of 100 miles next 70 the Mlsscari
River" The bill was placed on the calendar
Mr.. IseALs rep( Kansas, pre- sented the memorial
band OF rotlawattemie Indians Referred to the Com
Also resolution of the body for relief certain
cases wherein homestead entries have been cancelled.
-. MI soHuEz 1ib Of Mo- presented the resolutions of
the Mspp =! Reared to e o
Mr.. HAxlN, Of Maine presented the resolution of the
Legislature Of his state in favor of charging the
at Augusta Me. Referred to the Committee Military
Mr.. ,CosxLISe, of New York, presented spndry me-
MORALS against any extension of the Wells hat patent
Referred to the Committee on Patents:
a., MT HOVE Tepl OF Wis presented the resolutions f
the Legislature OF his State avorDg pensions TO honor
ably discharged soldiers Of the Mexican war. Referred
same body tor the Improvement Of the
cation between the East and the West Referred the
Committee on Transportation.
Mr. LOGAN epJ OF III, presented sundry petitions of
currency Referred to the Committee on Finance
cTens OF his sa fe 90 Mere s n Of
ing the war and had vessels destroyed by armed cruisers
ierred to the Judiciary Committee.
Mr. MosEI. Of Maine reported fayoraby the bin APP
Investigating the District OF Columbia affairs asked
Its present consideration.
TEN THOUSAND DOLLARS ToR THE DISTRICT
Mr. Cosx1rse. of New YorE sais the com,,i,,s. On
Transportation mad been in session during for
miles The expenses OF that committee exeiusiye Of the
senographer, were only about 5000, yet here today,
alists had made a single charge or specification
%
he voted for this that there was necessity Tor it,
the investigation th9roash ba be wanted to guard
against pretended witnesses anxious get hold Of
tins money from beslcging the committee win all kinds
Of testimony OF no value.
Mr. MORRILL, said, from the nature of the case it was
impossible tor the Committee Appropriations
any Information about the matter further than the
MT HAMLIs 81 Maine SAID he wanted to have this in
of $4,000 would insure an expenditure Of hat sum
h e an Of s wo1G the
pirate more he would be wiling to do He moved
Mr. Pratt rep Of e. Ind incurred what amount Of
Mr.. MORRILL, replied, $50 400
would be expended than was necessary;
attention Of the senate to the method Of employing s se
Should e There .houd be en an I oG
@ M o. me senate az an annual aary Of about
suit would be saving Of money:
the senographer COMMITTEES received ity cents Tor
Hg eor Tie ana to the
tions OF the committee had submitted reply OF
PROBABLY not Be ouc he'd by he phe ye e
would &c allowed pl pay for it, as they always
Mr. CoSKLSc said my cents for every 100 words was
stenographer should be allowed 70 charge for gret
mas 81 labor he I, o There was no IN
nesses lived under the shadow the Capitol II they
OF New York il would be different thing as travelling
expenses must then be paid.
MIR. said 1t had been alleged side that
the improvements here twenty-five per cent less
than In Chicago and other cities and the other
il had been alleged that they much than in
other The truth could only be determined By sum;
uoning witnesses here from Chicago, New York and
other places Although similar inveshgsuon mad
taken place before the committee OF the other
House, charges of corruption against the dis
trict officials were still urged upon Con
gress and he desired every means should be
put in the hands OF the committee TO make thorough
investigation that Congress might know whether these
assertions which out mere TO newspapers in DIFF
ierent parts the country true-wheber we have
Boss Tweed here. II these charges ISLANDERS let 1t
be shown let the blush OF shame be brought to the
cheeks OF those utterng them on the other hand II they
are true and corruption does exist, let us know Il and
corrupt
CONGRESS SHOULD MORE
MT STEWART rep) OF New said that ne believed in this
Guy more hbd been done for the of
than IN any other place but he believed could be
more cheapy done yet II Congress would apply the prn
rlple OF ne constitution giving TO that body exclusive
legislation over the District There should be legls.
lauve body in this District besides Congress.
Pending discussion on Mr.. Hamblinis anne ndment the
morning hour expired and tho bill went over.
=. 1HE CENsURE or
Mr. BOUTWELL, Uep) oil Mass presented letter OF the
Governor Of Massachusetts and resolutions of the Legis-
lature O that state resembling and annulllng a reso-
luton OF December IS 1872 relating TO army registers