The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1874-03-31
Forty Third Congress-First Session.
SENATE.
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dar.
MI. Anthony reported from the Printing
OonIiuittee communication from the Secreta
~ Vi tne treasury relative to the disposition Of
nnes, penaitles and forfeiGures on account o.
Vloia.'oh OF the custom laws for the last ten
years. MIR. Anthony said this report cos
SoOo0 10 prepare it and will cost $4,000 to print
it. Referred to the Committee on Finance.
"a resolution was adopted that the Secretary
=, Gne AleaSury transmit the report from Majol
Elliot OF his inspection of European lish1
houses Ns
The bill providing for the redemption and re-
serve OF United States notes and for free bank
ing was taken up, the pending question was on
MI hamiin.s amendment striking out list of
January, 1885, as the time for return to specie
payments and inserting January 1, 1877
AFTER some discussion Mr.. Hamlin withdrew
ms amendment and the question required on
the motion of Mr. Morton to strike out the
second section of the bill reported by the Com
mlttee which provides that on the LIST of July
1876 United States notes shall be redeemed
IN COIN or interest bearing bonds.
MI fratt real his views on opposition to the
motion to strike out
Mr.. Sherman argued in favor of retaining
portant feature of the BILL
Mr; morton and Ferry (Mich.) spoke in ia.
vor OF striking out the section.
MI Morton said the point was that the
aaenument was not in order this time. A
to strike out the I'd section and it was adopted
yeas q, nays 49,
Ayes-Allison, Bogy, Foreman, Carpenter,
COnover, Dennis, Ferry of Mich, Gordon, Har.
vey, Hitchcock, Howe, Ingalls,, Johnston, Lo
gan, McCreery. Merriman, Mitchell, Morton,
Norwood, Oglesby, Patterson, Pease, Ramsey,
Robertson, Spencer, Sprague, Upton, Window,
Nays-Anthony, Bayard, Chandler. Conk-
ling, Cooper, Cragin, Davis, Fenton, Freing-
huysen, Hogan, Hamilton Of Texas, Hamlin,
Jones, Morrill, of Me-, Morrill, of VT, Pratt,
Sargent Salisbury, Schurz, Sherman, Stewart.
Thurman, Wadleigh, %.
Messrs Buckingham, Flanagan, Kelly,
Scott, Stockton, Edmunds and Stevenson WHO
would have voted on negative were paired with
West, Brownlow, Clayton, Cameron, Ramsey,
Wright and Dorsey, who would have voted on
affirmative.
Mr.. Scott moved an amendment to amend
ment of Mr.. Merrimon for an increase in the
national bank circulation to the extent of S46.-
100000 an additional section providing than
Jan.nst, 1877, the Secretary of Treasury shall
pay on demand at the offices of the Treasury of
the United States and the Assistant Treasur-
ers at New York, Philadelphia, Cincinnati, St.
Louis and New Orleans to any holders of u S.
notes to the amount of 800 or any multiple
thereof in exchange for such notes an equal
amount of coupon registered bonds of
OF the United States in such fern as b g may
prescribe and of the denomination of $50 or
some multiple of that sum redeemable in coin
after 10 years from date, their issue at the
pleasure of the United States. bearing per
cent. interest. Rejected. yeas 6, nays 81.
Mr.. Frelinghuysen moved an amendment
That the surplus revenue of the United States
shall be used for the purpose of accommodating
gold coin in the Treasury, the Secretary of
Treasury being nevertheless at liberty to sell
such an amount of said coin as may be necessa-
ry in order 20 meet the demands for currency
for which the receipts of currency are not suffi-
Gent, aud authorizing the Secretary of the
Treasury to issue and sci. coupon or registered
bonds of the United States not exceeding $780,
O00,0 900 of the denomination of $50 or some null
tiple of that some redeemable at the pleasure
OF the United States after 10 years and bearing
per cent. interest, the proceeds of such bonds
to be used to purchase gold coin which shall be
employed to redeem legal tender notes, the
President and Secretary of the Treasury to fix
the time for such redemption He (Sherman)
thought the ruling erroneous, and that it
would lead to complications hereafter. The
section OF the bill! proposed to be stricken out
provided the retirement of 20 per cent of legal
tenders should be in further reduction of the
$685., 100000 authorized in the previous sections
The Senate, however, struck out the 1882 OOO,-
600 in the first section and inserted $40O, 00O-
600, and now he (Sherman) would move to in
sert $400.000,0 600 in the 4th section in place of
1882, 100000, but could not do so under the rul-
ing OF the Chair, as a motion to strike out the
whole section was pending
The Chair said he saw the difficulty, but had
made the ruling in accordance with the rules
of the Senate as he understood them.
After having accumulated sufficient gold
coin the legal tender notes redeemed shall
not be reissued except in exchange for gold
coin at par; provided that if after the COM
mencement of said redemption the govern
ment shall be able to redeem part of the legal
tenders in gold coin, the Secretery of the
Treasury may issue the requisite amount of
ponds OF the same character as Adobe and re
deem such part with those bonds. Rejected
yeas IL, nays 20.
Mr.. Morton moved to strike ovt the fourth
section of the bill which provides for the re-
tlTement OF United States notes in the ratio of
notes authorized by the bill
MI Sherman said he desired to offer an
amendment to the section before the vote was
taken to strike it out. Such an amendment
under the Old usages of the Senate was in ord .r
before motion to strike it out, but the Chair
this morning having ruled a similar amend
ment OF the gentleman from Maine, (Hamlin)
out of order.
Mr.. Hamlin said the ruling of the Chair
would reverse the practice of the Senate for
many years past.
After some discussion upon the ruling of the
Chair and the practice of the Senate Mr.. Logan
said this whole Finance bill was scheme for a
Contraction and he hoped the section would be
stricken out
AhO Obah dHHOuuCcu MI, w dQl61gQ as a
member of the Com mittee on Privileges and
Elections and Mr.. Frrlingtuysen as a member
of the Committee on Education and Labor in
the place of Mr.. Sumner.
Without reaching vote on Mr.. Morton's
motion to strike out the fourth section of the
Financial bill, the Senate on motion of Mr..
Morrill, of Maine at o'clock proceeded to the
consideration of Executive business and after
short time adjourned
HOUSE.
Several bills were introduced, including one
amending the shipping commissioners act; al
so approprating $4,000 to purchase the paint
ing of the signing of the emancipation procla
nation.
Mr.. Wheeler, from the Committee on Com
merce reported back with amendment, the
Senate bill providing for the payment of the
bonds of the Louisville & Portland Canal Com
pany. The bill continues in force the appropri-
alton made in the river and harbor bill of the
Sd of March, 1873, for the payment of the
debts of the canal company, and makes it per-
manently applicable for the same.
Mr.. Wheeler offered an amendment on his
own behalf, forbiddng any payment until after
the State of Kentucky shall have coded to the
United States entire jurisdiction over the canal
and all its property.
Many members advocated the bill on the in
terest cheap freights OH the Ohio river. while
Messrs Willard (of Vermont) and Kasson op-
posed it. The former because the rates propos-
ed to be charged on freight were wholly made
quate to meet current expenses, besides he
conld not see why, if the government was to
keep up this canal around the falls of the Ohio
river, the same reason would not Justify the
government in purchasing the Erie canal and
making it free of toll, or in purchasing all the
railroads CT the country and running them at
the governments expense. If the government
were to go into the business of furnishing free
transportation its annual expense Instead of
being $500, 900 would be over billion, and
then there would be reaction against taxa
ton. He intimated the principle of this bill
would bring the government to communism,
and he suggested an amendment that no ex
pendlture shall be made on the canal in any one
year greater than the amount received for tolls.
MI. Coburn of Indiana, replied to the objec
ions OF Messrs Kasson and Willard, and sug-
gesled that the bill came under the same prin
clpie as That which justified the govern ment in
Duiidlng lighthouses, dredging out the entrance
to New York harbor, and removing the OBJ
structlOns from st. Clair flats and the Detroit
river. Without disposing of the question the
bill went over
Mr.. Kelley of Pennsylvania, asked leave to
report from the Committee on Ways and
Means, and have passed the hill to admit free
OF duty articles intended for the International
Exhibition of 1876, with provision that any
articles sold or withdrawn for consumption
shall be liable for duties
Mr.. Garfield suggested the word information
ap' should be struck out and the word ''centen-
niap' substituted.
Mr. Kelley objected to making that altera-
A.: and cfor,, s.,t 1n. ~