Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-01-27
Another Pull at the Salary Business
Mr.. Orth's Proposition to Solve
the Currency Problem.
The Eastern and Western TranspOrta.
tiOu COmpany-A Canal from Lake
Michigan TO the MIssis-
slppi River.
PlRchback's Case liz the Senate-MOr.
toms ExpOse-McCreery [Ky.l
Reviews the Louisiana
Muddle.
HOUSE.

11AAA~NNAOANf -. - Llls
were introduced and referred under call
of the States.
/ By Mr.. Gunckel-To repeal SO much
of the act of March, 8, 1873, as provides
that representatives elect to congress
may receive their compensation month
| ly, from the beginning of their term,
until the beginning of the first session
OF congress. As the law now stands,
members receive pay for nearly nine
months before they are sworn in, or per-
form any duty.
By Mr.. Orth-To provide a national
currency, for the redemption thereof in
coin, and for the redemption of circu-
lating notes heretofore issued by or un-
der the authority of the United States.
The bill embraces what is known as the
Indian plan of financial relief, and pro-
vides for the issue, by the United States,
of two thousand million dollars
of circulating notes, to be
known as the United States
gold bonds and notes of various denom-
nations, which are to be held in the
treasury as reserve, and exchangeable
at par for any outstanding bonds Of the
United States at the pleasure of the
holder; they shall circulate as money,
and be used by the government as ma
tiOnal bank currency now is. That for
the purpose Of expediting such ex-
change repositories as are to be estab-
I lished in all leading cities in the United
States under proper safeguards. That
the interest accruing on all bonds thus
surrendered to the government, shall be
retained by the government, and which
shall, with the fifty per cent. of coin ac-
cumulated IN the treasury, not needed
for having fba infcroaf on
debt, constitute a sinking fund after il
reaches the amount Of four hundred mill
lion dollars, for the redemption of gold
bond notes issued by this act. The
bill further provides that any national
bank may surrender its bonds now on
deposit in the treasury, and receive gold
bond notes to the amount which, when
added to the notes heretofore received
by such bank, will be equal to the par
value of such bonds, and such bank NAV
at any time surrender its notes and re-
ceive in exchange gOld-bOnd notes under
this act. When this is done such bank
Is relieved from the redemption of its
notes, or from holding any reserve, bu.
shall in all ether RESPECTS exercise its
privileges under the banking act. ANY
national bank falling for two years to
surrender its bonds now on deposit, shall
redeem its currency in gold. Outstand-
ing legal tender notes shall be redeemed
at the same time the redemption of the
gOld-bond notes is commenced under
this act.
By Mr.. Orth Ind. TO grant a PEN
sion to the widow Of James L. Orr, late
United States minister to Russia.
By Mr.. Shanks-Providing for the |
survey by the army and navy engineers
of ship-canal from Lake Michigan to
the Mississippi river, near Cairo, Illinois.
By Mr.. Mills-For the removal Of all
troops in the southern States to the west
ern country, as protection against the
Indians.
By Mr.. G.. F. Hoar-To prevent the
payment of interest on national bank
deposits.
Mr.. Bland introduced bill to incor-
pOrate the Eastern and Western trans
portation company, with capital of
thirty million dollars, to maintain and
enjoy railroad from Port Royal harbOr,
South Carolina, to Leavenworth, Kan
sas, via Macon, Georgia, and Memphis,
Tennessee.
Mr.. Beck moved to suspend the rules /
and pass the bill relieving from pay
ment the duty on all articles sent from !
foreign countries for exhibition at Phila- |
delphis for the centennial exposition.
Mr.. Dawes and others suggested that |
the bill was too loose in its provisions, /
and Mr.. Butler Mass. suggested decis- |
lively to limit the extent of any one per- |
sons importation to five hundred tons |
of one article.
Under the rev rule adopted last week, |
motions to suspend the rules |
to be seconded by majority, the ques-
ton was put, but there was no second, |
the vote being 54 to 10.
Mr.. Poland moved to suspend the /
rules and adJpt the resolution instruct /
ing the judiciary committee TO inquire /
into the legal relations existing between /
the federal government and the local
government of the district of Columbia,
and the exact character Of their mutual
in regard to municipal eX-
penses, and whether some accurately
defined basis of expenditures cannot be
prescribed and maintained by law. The
rules were suspended and the resolution
159, nays 72.
Mr.. Garfield offered a resolution to
regulate estimates and appropriations,
and to fix the number and cOmpensa-
ton Of customs employees. Adopted.
Mr.. Garfield offered a resolution au-
thOrizing the committee on appropria-
tions to insert a section in the Iegisla-
tive appropriation bill repeating all laws
that authorize permanent and indefinite
appropriations to defray the expenses of
loan and treasury notes, or other paper
issues Of the United States, and requir-
ing the secretary of the treasury here
after TO submit detailed estimates of ap-
required TO defray such ex-
penses. Adopted.
Mr.. Young offered a resolution in
the committee on ways and
means to inquire whether there is any
necessity for the continuance of the Of
fee of supervisor of internal revenue.
Adopted.
Mr.. Buckner moved to suspend the
rules and adopt the resolution calling
On the secreteTy OF the treasury to fur
nish information as to the members of
congress who are shareholders in the
national banks. The resolution was re-
ected; two-thirds not voting in the af-
irmative. Yeas l46, nays 96.
The house then proceeded with the
West Virginia election case, and with
,ut coming to vote, the house ad-
Ourned.