Port Royal commercial and Beaufort County Republican. [volume] (Port Royal, S.C.) 1873-1874, 1874-04-30
XLIIId CONGRESS.
SENATE.

Mr.. Fenton, Of n. Y, introduced bill to
provide for settlement with the Six Nations
OF New York Indians of the questions growing
out Of the treaty stipulations with them. Re-
ferred to the Committee on Indian Affairs.
The amendment to strike out from the cur
rency bill the list of January, 1876, as the time
for return to specie payment, was adopted
By vote of % yeas to % nays. Mr.. Scott, OF
Pa, moved an amendment for an increase in
the national bank circulation to the extent Of
SAG. 900 600, an additional section providing
that on Jan. 1, 1877, the Secretary of the
Treasury shall pay on demand at the offices OF
the Treasurer of the United States and the
Assistant Treasurer, to any holders of United
States notes to the amount Of 500 or over, III
exchange for such notes an equal amount of
coupon or registered bonds Of the United
States, in such form as he may prescribe.
yeas, g. nays, 81.
Mr.. Sargent, of California, presented me-
MORALS, signed by 1876 citizens of that State,
setting forth the evils arising from the use Of
liquors, and asking for legislation
to prohibit the sale and manufacture of such
liquors. Referred to the Committee on
Finance.
Mr.. Fenton, Of n. Y, presented the memorial
of the recent Convention of Taxpayers of
South Carolina for relief against misrule and
corruption. Referred to the Committee on the
Judiciary.
Mr.. Ferry, of Mich, from the Finance Com
mittee, reported favorably on the bill OF Mr..
Jones, of Nevada, authorizing the coinage of
twenty-five cent piece of silver at the mints of
the United States Placed ON the calendar.
Mr.. Morrill, Of Vt, moved to strike out, in
centum as the amount of United States notes
to be retired as additional national bank note
currency is issued, and insert 30 per centum.
Rejected-yeas, 20; nays, 81. The question
recurring on the motion OF Mr.. Morton to strike
out the fourth section, it was agreed to-yeas,
%; nays, 27. Mr.. Gordon Of Ga, offered an
amendment providing for free banking and to
give to each State the same amount of circula-
ton in proportion to wealth and population as
the State OF Maine now has. A number of
amendments were presented and rejected.
Mr.. Hager, of Cal, presented resolutions of
the Legislature Of thai State asking Congress
to require railroad companies which received
grants Of land for the construction Of railroads
from the Mississippi river west to the Pacific
Ocean, under the act of 1862, to report to the
Secretary of the Interior the quantity and de-
scription of the land sold and disposed of, and
that all not disposed Of be open to settlement
ard preemption.
Mr.. Sherman, Of Ohio, said upon the basis
of the currency given to Maine the additional
circulation would be about 1868 100000; upon
but pdSls vi tbdI biNOu w ANSh lOlh, slIN,OOO'
600; and upon the basis of Pennsylvania it
would be over S11O,0O0,0O0. Mr. Morton. Of
Ind, said the people wanted more money, and
the country would como to specie payment
when it could. There was no use to talk about
specie payment now. He had noticed in a
leading New York paper that initiation meant
war; that initiation would be resisted by force
of arms. Such statements we're not more un-
reasonable than similar ones made on the floor
of the Senate, Mr.. Jones, of New, said the
rebellion would have been put down for 81 $780,
900, 900 less than it did cost if it had not been
for paper money which, instead of being the
spade of the husbandman, was the dice box of
gamblers. The amendment of Mr.. Morrill, fix
ing the volume of fractional currency at s40,
000 600 was rejected-yeas, 10; nays, 80.
Mr.. Davis, OF W. Va, offered substitute to
the finance bill providing that $50,000,O0O in
national bank circulation shall be Withdrawn
from the States in excess and issued to the
States having less than their proportion. Re-
jected-Yeas 90, nays 81. Mr.. Merrimon, of
n. c., offered. as q substitute for the third
section Of the bill as reported by the committee,
the following That 10000, 900, in notes for
circulation, in addition to such circulation now
allowed by law, shall be issued to national
banking associations now organized and which
may be organized hereafter: and such increased
circulation shall be distributed among the
several States as provided in section ] of the
act OF July u, 1870. This was adopted by a
vote of SO to 10.
Mr.. Ramsey of Minn., from the Committee
on Post. Offices and Post Roads, reported a bill
to provide for the transmission of corrcspon-
dence by Telegraph. Placed on the calendar.
The bill is the Hubbard Postal Telegraph bill,
unchanged except in minor matters OF detail.
1t proposes to incorporate Gardner G. Hubbard
and his associates as the Postal Telegraph
Company on condition that it shall contract
with the Postmaster-Geperal for the trans
mission of correspondence by telegraph and at
rates and in accordance with provisions elabo-
rately prescribed in the bill, and heretofore i'll
all essential features fully published.
Mr.. Cragin, of n. H., presented memorial,
signed by the survivors Of the Poloras expedi-
ton. setting forth the privations which they
suffered on the ice foe during period of l96
days, and that they are still suffering physically
and pecuniarily that they were promised
handsome reward by Capt. Hall when they
shipped and that the German Government
gave the members of its expedition $1,000
each. They ask such relief as may be proper
in the premises, and that the Exquimaux
Hannah and Joe be included in any measure
for relief. Referred to the Committee on
Naval Affairs.
Mr.. Sherman presented the petition Of Mrs.
Mercy Hall, widow of Capt Hail. of the late
Arctic expedition, for pension. Referred to
the Committee on Naval Affairs. In presenting
the petition Mr.. Sherman said he knew Of no
case which appealed to the sympathy of the
Congress of the United States as much as this.
Capt Hall died in the service of his country,
leaving his wife and children in destitute cir
cumstances. The petition is indorsed by Prof.
Henry, General Sherman, and other prominent
persons
Mr.. Poland, Of vt, indicated an amendment
which he desired to offer. making it the duty
of the Secretary Of the Treasury to retire and
cancel as fast as practicable United States notes
till their amount is reduced to 1888, ,0CO 600,
and then to allow TO the national banks clrcu-
lating notes without any limit to their circula-
ton. Mr.. Mitchell, of Wis. member Of the
Banking Committee, took the ground that the
recent financial troubles were not caused by an
insufliciency of currency. but on the contrary,
that they would not have occurred if the cur
rency had been on a specie basis. The fact
that the currency was not at par with gold
showed that the currency was not only not TOO
small, but was excessive. He gave it as his
conviction that instead of increasing the issues
of legal tender notes. the true remedy was TO
be found in the adoption by Congress of
fixed policy for the gradual withdrawal Of those
notes by funding them into bonds, or by other
sc paying and canceling them.
Bills were introduced and referred, including
the following:
BY Mr.. Bell. OF Cato refund the taxes
collected from distillers of fruit.
By Mr.. Merriam, of n. Y.-To provide for
free banking, and to limit the issue Of United
States notes to 800 000 600.
Mr. Wheeler. OF y. Y. from the Committee
on Commerce. reported back, with amendments:
the Senate bill providing for the payment OF
the bonds of the Louisville and Portland Canal