Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-01-21
CONGR RES SIGNAL.
Continued Debate on Finances.
A Speech of BrOwnlOw's Read
from the Desk.
SENATE.

"A Speech OF Br0WnlOW'S Read
from the Desk.
SENATE.
WASHINGTON, Jan. 20.-Mr. Sherman
presented the credentials of Mr.. Thurman
reelected to the United States Senate from
Ohio for six years from March 4, 1915
Laid on the table.
The Chair laid before the Senate mes
sage from the President enclosing a report
of the Seeretay of the Interior in response
to resolution of the Sth inst, in regard
to the unauthorized occupation Of the In
dian territory by bodies of men in viola
tion of treaty stipulations. Laid on the
table.
The National Board of Trade.
Petitions were presented from the Ma
tioDal Board of Trade for a revision of the
internal revenue laws; enclosing the petit
ton of the New York Chamber of Com
merce for the prevention Of collisions at
sea; protesting against any increase of the
volume of currency; asking that the Ma
tional banking act be amended and that
the volume of fractional currency be re-
duced.
Mr.. Oglesby presented the petition ofthe
National Board Of Trade, inregardto cheap
transportation, and made a speech in fav-
or Of the immediate attention of Congress
to the subject, stating that in his opinion
the question was of more Importance than
that of finance.
Mr.. Boggy spoke in favor of national
legislation to open natural water routes
from the West to the sea.
The petition was referred TO the Com
mittee on Transportation routes to the sea
board.
Morton Wants Pinehback ReeOmmIt-
ted.
Mr.. Morton asked that the resolution for
the admission Of Mr.. Pinchback as Senator
from Louisiana, be taken up, as he desired
to have the subject recOmmitted to the CON-
mittee to investigate as TO the personal
conduct of Mr.. Pinchback in connection
with the election,
MIR. McCreery said he desired to speal,
on the subject Monday, he being entitled to
the flO...;.
Mr.. Morton gave notice that he should
make the motion afrer the speech OF the
gentleman.
The consideration of the fininance rsO-
luton was resumed and the remarks of
BrOwnlOw were ready by the clerk
He (BrOwnlow) thought immediate re-
turn to specis payment would be destruc-
tive to the business of the country. Our
present financial system was very good, but
capable of some amendments, one Of the
principal defects being the unequal dis
tribution Of currency. The South and
West wanted more, and measures should
be taken to relieve these sections.
Afr EOr1Ora prDpzaI n ct1aaflt- ,,a+,,r,, 20
specie payments, but did not desire to be
understood as opposing it, when consistent
with the interests Of the producing class and
country. To give the country more cur
rency was, to his mind, the shortest step
and easiest method of relief. If Congress
would announce that it intended to give
more money to the people and give it tlex-
ibility, that very hour would bring relieftO
the country and bring out millions of
greenbacks now boarded up. lie spoke
of wants Of his section and said he believ-
ed there was more prosperity there when it
took $50 in Confederate money TO buy one
in gold in days Of war. Cheap money was
what We wanted, and he hoped the debt
burdened South and West would heed the
cry. The South is poorer to-day than she
was the day Lee surrendered. He hoped
the day would come when We would issue
money not founded on gold, but on the
faith of the Government and receivable for
all dues alike.
Mr.. Chandler agreed with other gen
tlemen that there should be more money.
but he wanted better money. lie thought
the only plan was for the Government 10
say it would resume specie payment on the
lst of January. 1879; 10 authorize the Sec
retary of the Treasury to borrow one hun
dred million dollars in gold at that time;
stop the sale of gold now, and by the 1St OF
January We would have two hundred mil
lions in gold to begin the redemption of our
legal-tenders. He opposed any increase in
the volume of currency, even the issue OF
the S44, 900 reserve.
Mr.. Sherman introduced a bill for the
payment of bonds of the Louisville and
Portland Canal. 1t continues in full force
and makes peam~nently applicable apprO-
priatiOns made for that purpose by the ac;
of March 80, 1873. and directs the Secretary
of the Treasury to take possession of the
property within thirty days after the en-
actment Of the bill
Post Routes.
The resolution was laid aside informally,
and the pOst-route bill taken up.
Mr., Pratt offered an amendment declar-
inc all bridges heretofore or hereafter TO be
| erected across navigable rivers, and all pub
lie railroads, TO be post routes.
Mr.. Morrill,, of Maine, offered an amend
ment, that heBeafter no service should be
! ordered on post routes until examination
as 10 necessity therefore be made by a spe-
cial agent, and approved by the Postmaster
| General.
MIR. Pratt explained that the object OF
his amendment was 10 leave the matter in
the hands Of the Department to establish
these post routes, and do away with the ne
cessity Of post route bill every year,
Mr.. Ramsey opposed the amendment, rs
it would legalize every bridge Overthe Mis-
souri, and other rivers, and prevent Con
greSs ordering their removal if il be found
that they ObStructed navigation.
Pending discussion the bill was laid
aside and the finance resolutions again
taken up. upon Which Mr.. MerriInan was
entitled to the il03r, but upon commencing
gave way To a motion of adjournment and
the Senate adjourned.