Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1874-04-01
FOrty.Third Congress.

fixes the amount ut 1889 100000
Mr. SEIZURE moved to amend the frs
section by striking out 80 and inserting DC
So that il maximum limit of notes shall be
1906. 100000. instead of S3S2. 000. 600. as
liked by the bill. He argued again>; legal
izing the portion Oft the SH 100000 reserv'
now in circulation, and said it hal been
he intention of Congress to retire that re
serve, and there WIS no authority for it
reissue.
Mr.. Bayard spoke against initiation rs di,
Mr.. Conklin@; while Wright Ferry an'
'thers favored it.
House G. f IIoar spoke in favor o.
he McCrary cheap transportation bill
He described it as being Il wise, cautious
simple experimental remedy for a known
common-law right, and enlcting that al
| obligation which rests on public carrier:
everywhere else in the civilized world. an.
which rests upon these railroads 50 long
| IS they are within state authority, shall
continue to rest upon them when they %
nto II domain where the national authori-
ty is paramount and exclusive.
The House refused TO lay the bill on the
| able, % to 800
THURSDAY. !Sch,tte Mr. Fenton spoke
on the currency bill, and Mr.. Morrill, OF
| Vt. argued in favor of specie resumption.
md said it was too absurd to say the coun-
| -ry was too poor to undertake RESUME ton
| lie favored the retirement of legal tenders.
| Iollar for dollar, rs national bank notes
should be issued
| The SchurZ amendment WAS lost Is to
| 10, the only New England senators voting
against it being Boutwell,, >prague and
| Buckingham Mr. Wright of Iowa moved
to strike out the whole of the first section
| Of the bill after the enacting clause. and
insert that the amount of United States
notes for circulation is hereby fixed ut
| 800. 900
Mr.. Morrill, Of Vt. moved to amend
| his substitute by inserting after the word
dollars : rs follows, - ut which amount
It shall remain until reduced as hereinafter
provided"
Mr.. Wright opposed the amendment.
and NJ. Conkling asked ifany one suppos-
! ii it was mere matter of style which led
the senator from Iowa (WrighD to use
Ibis language? 1t meant to jump over
everything known rs the legal tender re
serve, and if the amendment should he
adopted the reserves could be issued in adj
| litiOn To the 800. ,OG0.
Mr. Morrilrs amendment was lost % t.
! 81 Mr.. Wrght's amendment was adopt
ed 81 TO %.
Mr. Merrimon offered :, substitute bill
for the one being considered. and MIR
Logan offered an amendment To that. Mr.
Morrill, of Vt. moved. a. an amendment
20 the first section of the bin rs amende,
by MIR. Wright, the following:
E" But no part Of the same shall be u~el
in the purchase of bonds Of the United
States at above par, nor for the current
expenses of the government
House. The McCrarv bill to regulate
the commerce by railroad among the >ev
.ral states was passed after Il short dis
cussion, 12l to 1l6.
The debate on the currency bill WA.
opened by Mr.. Maynard.
FKGDAY. Stuate. Tie consideration o
he compromise financial bill was resumed
the question being on the amendment O
Mr. Morrill, of Vt.
After short debate, Mr. Morrill, with
drew his amendment. saying that h,
would see now what kind of 4 bill the ma
ioritv would get M.
Mr. Logan of Ill said he did not lil1
such insinuaIions H. were thrown out b'
the gentleman from Vermont (Morrill
Did the senator think there were no brain
in the Senate except in his own head? Iii
tction only showed determination on TIN
part of certain senators to defeat the vii
IF the maiority When senators insinuite
that none We're able to perfecta bill beside
themselves, they arroglted 4 good deal
MIR. Scurz of Mo. said he wanted i
rive the senator from Illinois Nogan) I
} understand that the language he had bee
Using toward the minority in this body
wa, very far from being polite ANY mem
Der of the Senate had Il right to offer an
amendment he pleased. No senator cI
Joved Il higher reputation for fairness an
honesty than the senator from Vernon
: (MoIrilD. and when that senator used hi
. privilege of submitting amendments. h
J should not he criticised. He (Schurz
could not submit TO such language. wcr
it applied to him
Mir Logan said he was replying 10 I'll
senator from Vermont. The senator frol
Missouri said he would not submit to it.
/ he (Schurz) should repeat the remark mad
/. ny the senator from Vermont it would l.
seen whether he would submit to it. II
Uogan) did not attempt to bully any MAJ
neither would he allow any man to bull
him. The senator from Vermont was full
able to defend himself without the aid
i, ntor (Schurz) the champion here? WI
e made him the censor of this Senate chan
n Der? If he (Logan) Ut any time made Il,
of any discourteous language. no man
: the Senate would be quicker to take
back.
: Mr. Morrill, said they all understood Ii
manner of the senator Q-ogan), and tn
. manner he probably could not help. TT
1 senator did make some remarks that we
| rather peevish. He (MorrilD did not j
p tend to reflect on the majority. but mere
Withdraw his amendment TO allow the m
ioritv to perfect the bill.
= Mr.. Logan said his manner was his ov
It and was subject to criticism Sometim
n he might be mild. and sometimes othe
-. wise. but he was in earnest in what
said.
: Mr. Schurz said he entirely agreed wi
It the senator from Vermont ami with Il
II senator from Illinois. that the manner
!, the latter was his own, and he assured Il
gentleman Qo%an) that he had the me
profound respect for the majority.
al Mr. MorrillS amendment having be,
he Withdrawn, the question required on t
h amendment of Mr. Logan TO the substitu
of Mr. Merrimon. Merrimon'S bill fix
lo limit of legal tenders for circulation
10 800, 0oO,o 900 but provides for SAC, 1000. o
t. additional for national banking purpose
W Mr. Sherman said the amendment of NJ
- Logan presented the simple question
~ whether the Senate was in favor of fir
'e banking, or not. If free banking shou
lie be established, the banking capital won
/ be all concentrated within 100 miles
-, New York city, and the West and Sou
would be more dissatisfied than ever.
I'd Mr. Morton thought the argument of t
c. gentleman from Ohio (Sherman), that
free banking was established the nation
banking capital would concentrate with
III 100 miles of New York city. was erroneol
+ The national banks We're not profitaT
" without deposits, and there We're alrea
II enough in the East TO absorb all the dep,
its offered, while in the West there We
hundreds of towns having no bank ut 4
- and if banks be established there th