Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1874-06-21

/ turn of the circulating medium TO par Win
| gold, but al the same time they were op-
posed 10 the system of contraction thar
would put In the grinding of monied mon
opolists. As an original proposition ne
/ would not favor the establish
ment of the National bank sys-
TEN. He would not strike il from
existence now, but would devise means by
which it would be wound up as rapidly as
it could be done without materially effect
/ ing the business of the country. The bill
before the House was right and Just. but il
/ could not be regar-ed as settlement OF
the financial question. 1t left the present
! system in full force in all other respects.
The people would not regard it as settle
ment Congress had enacted and wofuliy
failed in discharging its duty to the coii-
| try.
Messrs. Cox and Potter opposed the re-
port, and Mr.. O'Brien regarded it as an
other proposition of the national bank sys-
TEN which was the greatest monopoly That
had ever
Bestrede as a Coilussus
any country in modern times.
Mr.. Maynard said he should vote for con-
ference report. At the same time he accept
ed the statement Of the geDtleuan from IL
| linOiS (AIarshall) that this was not Sci
| Element of the question of currency. The
alternative before the country was free
| banking on the one hand and the annhllla-
| ton of the present national bank system on
| the other.
The vote was taken and the conference
report was agreed TO, yeas 22l, nays ~
| The bill now goes TO the President for his
signature. The entire Tennessee delegs-
ton voted aye, except Nunn. whose name
does not appear.
DiIatOry Impeachment.
Mr.. Wilson, from the Judiciary Com
mittee. reported a resolution for the inn
peachment of Judge Busted. of Alabama, |
| for high crimes and misdemeanOrs.
MIR. Cessna presented minority report, |
| which was ordered printed and recon- |
| mitted.
Mr.. Cessna also presented resolutions |
| directing the Clerk to furnish the Attorney
General. the Secretary of the Treasury, the |
| Third Auditor and the First Comptroller of |
the Treasury, copies of the evidence taken |
by the Judiciary Committee in the matter |
| of the Impeachment Of Judge Storey, of the |
Western District of Arkansas, so that action |
may he taken for the restoration of moneys |
wronefully paid officers of that court, and |
| to prevent any such wrongful payment here !
after.
On motion Of Mr.. Sener the resolution |
was amended TO include copies Of the testi |
mOny taken before the Committee OH Con |
tineent Expenditures in the department of |
Justice, in regard TO the same district.
The resolution thus amended was adopt |
ed.
Mr.. Lamar. from the Election Commit
tee. reported resolution authorizing the |
Of I,feC .Inhn
McEnery, of Louisiana, and others, re-
quiring them to produce the original cleo
tan returns before the Committee on Flee
lions, on or before the first Monday in
next December. Adopted.
The Dist Forcing the Money Mark
et-MesSage from the President.
The Speaker presented a message from
President, calling attention 10 the pro-
vision in the District bill for the payment
of the debts of the District in bonds to be
issued by the Sinking Fund Commission
erS, running fifty years, and bearing interest
at the rate of 3.65 per cent per annum, with
the payment of principal and interest guar
anteed by the United States. The Presi-
dent objects to the rate Of interest, saying
that bonds bearing $50 per cent interest,
when issued, will be worth much less than
their equivalent in curTeLt money Of the
United States This would effect depre-
citation Of the claims Of credits and would
reflect on the good faith Of the United
States. He urges Congress to increase the
rate, so as TO make the bonds negotiable at
par.
Grants Peace Policy.
MIR. LOughridge presented the conference
report on the Indian appropriation bill of
S5.26J, 900.
SIR. Hancock, of Texas, supported the
bill.
Mr.. Beck asked Mr. Hancock why the
Indian Peace Commissioners had resigned.
Mr.. Hancock replied that they had served
as long as the novelty, dignity and re-
nance of the position were sufficiently al
tractiye.
Mr.. Beck expressed his belief that the
commissioners had proved too troublesome
in the way of Indian agents who wanted to
send in false vouchers TO receive payment
for fraudulent accounts. They had been
dismissed because they kept down stealing.
The conference report was rejected
Yeas 81; nays l4T, and a new conference
was asked.
Gold Bank Notes.
Mr.. MAYNARD asked unanimous consent
for the passage of the bill to amend the gold
bank law so as TO allow the circulation of
gold notes to be 90 instead of so per cent
ofthe par value of the bonds deposited.
Agreed to and the bill passed.
On the question of recess Mr.. Randall
asked the Speaker at what hour the legisla-
tive day of Monday would close.
The Speaker replied there could be only
two opinions ON the subject, whether 1t
ended at midnight Monday, or at the con-
clusion of the Legislative day, which would
be eleven 4. NJ, Tuesday. The Chair had
not vet made up his mind as between these
constructions. but the session could not
possibly extend beyond eleven 4. NJ, Tues
day.
Mr.. Randall asked whether it could be
at II noon Monday.
The Speaker replied there was no pre-
sumption whatever in favor OF that. To-
llay was not the last legislative day. He
apDrehended the two Houses would neces-
sariIy agree ON the hour of adjourn
meut.
Mr.. Garfield stated the condition of the
appropriation bills. The conference report
on the appropriation bill which had just
been rejected, would have TO 90 To another
conference. The deficiency bill was not
quite through the Conference Committee.
The postofiice appropriation bill was now
in conference and would be ready for action
this evening. Hence the importance OF
having an evening session to act on that
conference report, if they hoped TO get
away Monday, OF even Tuesday, before II
O'Clock. The sundry civil appropriation
bill would have TO 90 TO a conference COM
mittee before adjournment tonight.
Mr.. Conger reminded Mr.. Garfield that
the river and harbor appropriation bill
was also undispOsed OF.
Mr.. Kelley remarked that the session
could be extended for a day or two,
if necessary and it would be much better
to have the business done as it ought TO be
done rather than be crowded through.
The Speaker stated that unless there
should be a continuous Sunday session 1t
would be utterly impossible to adjourn at
II Monday.
MIR. Maynard remarked that the members
were paid TO stay and attend TO the public
business.
Mr.. Butler, Of Massachusetts, oh no, only
half paid. [LaughteT.l
\ recess was taken till p. NJ.
|