The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1874-05-14
By TEL GRAPH.
Latest News from Washington.
The Financial Question, Again Re-
fore the Senate. - Fl
rSpeclaltelcgram 10 the D,spatch.l

The Financial Question. Again n,
fore the Senate. z
Especial telegram 10 the Dlspatch.l
4 WASHINGTON, May 13.-The Senate to.da
recommended work on the finances. But OF
vote was reached, and that was upon a
amendment requiring banks to keep ont
third of the amount OF gold coin which the
receive from the Government as interes
upon the bonds deposited 10 secure circuls
ting notes, or public deposit, or permittin
them to exchange such coin for bonds, upo
which they could receive three per cent. in
terest, and the remaining two per cent. t
be retained by the Secretary Of the Treasur,
and applied to the redemption of the 81,
per cent. fve-twenty bonds. This was re
jeeted by vote Of 81 to 16.
Dir. Wright then submitted an amendment
TO strike out the provision OF the commit
tees bill which retires an amount Of green
backs equal to fifty per sent. OF the new
bank notes issued, and insert in lieu o.
"hfty" the words "twenty five" thus re-
| ducing that feature of the bill looking to
| wards contraction one-half.
A long discussion followed, which bid.
fair to be continued for some time, as the
part Of the bill proposed to be stricken out
is the pet scheme Of the committee. Mr..
Thurman said to-day that it was the i'm.
portant feature Of the bill, and intimated
that if the majority of the Senate would
strike it out they could take the response
Dilty thereof. TINoN.
tAssesiated Press tslcgramal
Congressional.
WASHINGTON, May 3.-Sendte.- MIR.
Davis, Of West Virginia. addressed the Sen.
ate in favor Of paying the claims Of loyal
citizens for property destroyed or taken by
The Federal troops during the war.
The river and harbor bill was read and re-
| ferred to the Committee on Commerce.
MIR. West reported substitute for the bill
granting the right of way through Alabama
and Florida for railroads.
Mr.. Davis introduced bill to reimburse
West Virginia for losses during the war.
Notice was given that the Ala bama contest
between Spencer and Sykes will be called
up on the Goth instant.
Hoxse.-The House went in Committee Of
| the Whole on the steamboat bill. An amend
! ment was adopted by which the liability OF
owners, charterers, officers, and mariners for
loss of lite and property remain under the
jurisdiction Of common law.
An amendment abolishipg compulsory pi-
lotage, except us applied by States to certain
vessels, was adopted. The amendment abol-
ishes compulsory pilotage on all coaSting
vessels. Licensed officers Of steamers must
wear uniform or badge prescribed by the
Supervising Inspector General.
The committee then rose, and the bill was
passed.
Cheap Transportation.
WASHINGTON, May 13.-Mr. Window, of
Minnesota, submitted the following pream-
BILE and resolution, which he gave notice be
would ask the Senate to consider after the
finance and civil-rghts bills shall have been
disposed of:
Whereas, cheap and ample means for the
interchange Of commodities between the
different sections Of our country constitute
essential conditions of national advance
ment and prosperity and whereas the Sc.
lect Committee on Transportation, after full
investigation of the subject, declare that in
their judgment cheap transportation can be
obtained only by competition under Gov.
eminent control and operating through
cheaper means of transport than are now
provided that such cheaper means Of
transport can he provided only by the con-
struction OF the double-track freight rail.
ways, or by the improvement aud ere.
alton of water routes, and that after
a most careful consideration Of the modes Of
various proposed improvements, taking into
account the cost, practicability, and pro-
bable advantages Of each, they have come
TO the unanimous conclusion that the fol-
lowing are the most feasible and adran-
tageous channels Of commerce to be
created and improved by the National
Government in case Congress shall act upon
the subject-namely: First, the Mississippi
river: second, a continuous water line OF
adequate capacity from the Mississippi
river to the city of New York Ella the
northern lakes; third, route adequate
to the wants Of commerce through
the central tier of States from the Missis-
to point in West Virginia, and thence by
canal and slack-water or by freight rail way
to tide water; fourth, route from the Mis-
sssippi river ria the Ohio and Tennessee
rivers to a point in Alabama or Tennessee,
freight railway to the ocean and whereas
the said committee express the opinion that
among other benefits and advantages, the
completion Of the system Of Improvements
suggested by them will effect permanent
reduction of fifty per cent. in the cost of
transportation of fourthcass freights
from the Valley of the Mississippi river
to the seaboard, and similar reduction in
return freights, thereby insuring remunera-
tive prices to the farmer Of the West, cheap.
er feed to the manufacturer and laborer at
the East and the cotton planter Of the South,
the enhancement by many hundred millions
in the value of western and southern lands,
and q large increase in the expectations OF
cotton and cereal products; and, whereas the
report Of said select committee recommends
that careful SURVEYS and estimates be made
unon such portions Of said routes as may be
necessary to determine accurately the cost
of each. and to enable Congress at Its
next session to enter upon the said
system Of improvements if upon the COM
nIetion of such surveys and estimates the
same shall be deemed practicable and expe-
dent; therefore
Resoloed, That the Committee on Appro-
nriations be and hereby are Instructed 10 re-
mort amendments to the river and harDor
bill making appropriations for completing
the surveys and estimates for each of the I'M
movements recommended by said select
committee upon the four routes lndIcateo III
The preamble and resolution were, on
Mr.. Windows motion, ordered to lie on tne
table and be printed.