Middletown transcript., 1874-04-04
Proceedings of Congress,
MoxDAr.

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the question being upon the motion TO
strike ~ the second section Of the bill,
which ssferste the redemptiod d. United
States notes sitter january II. 1876. in'
specified sams in gSd. or coupons 81
registered bonds Of the United States Of
tho denomination Of $50, or some multiple
Of that sum. as the Secretary Of the
Treasury may, prescribe. redeemanle in
coin after teu years from the, date of their
issue, beating ihterest OF hte pei cent. !,
&c., said bonds to be exempt from taxa
ton. Mr.. Sherman hoped the motion
would not prevail. as il was the most I'M
portant feature Of the bill. The motion
was carried BY vote Of yeas %. nays %
A large number Of Senators wore paired
and did not vote Mr.. Merton moved to
strike out the fourth section Of the bill.
which provides for the retirement Of
United States notes in the ratio Of sevonty
per cent. Of the addiii NAL bond notes
issued. Pending discussion on the mo-
ton the Senate adjourned. n
HeUsE.-Mr. Lowndes, Of Maryland.
introduced bill to pay Mrs. NJ. D Dali,
Of Frederick city, Nd. $25, 900 for los
ses during the late war. Mr.. O'Brisp. Of
Maryland, introduced a bill to give pen
siou to Mrs. General Reno; also me
mortal Of the merchants of Baltimore a.
gainst the repeal Of the City per cent.
clause in the bankrupt law. The commit
tee Of why's and means reported bill to
admit free of duty all articles intended for
tho international exhibition at Philadel-
phia in 1876. Mr. Gra6eld said the word
'intcrnationar' should be stricken out and
the word centennial substituted. He
did not wish in this way to commit the
House. Mr.. Kelley, Of Pennsylvania.
replied the House had already committed
itself to that word. Objection was made
to the bill and it was not considered.
TUESDAY.
SENATE.--A memorial signed by several
thousand citizens of California, asking
legislation to prevent the manufacture and
sale Of intoxicating liquors, was presented
and referred. The committee on finance
reported bill authorizing the coinage of
twenty cent silver pieces. The considera-
ton Of the finance bill was then resumed.
Mr.. Morrill, made motion to amend the
fourth section of the bill so as to provide
that ninety per cent. instead Of seventy
per cent. Of United States notes shall be
retired as additional national bank curren-
cy is issued. This was rejected-yeas 20.
nays 81. The question then recurred on
the motion Of MIR. Morton to strike out
the fourth section, which was carried
yeas 20. nays 81 The rejected section
relates to the retiring Of United States
notes equal to seventy per cent. Of the
circulating notes in reduction of the whole
volume Of legal tenders authorized by the
act. until the aggregate amount of out
standing notes shall be 100000. 900.
and authorizes the sale of United States
bonds for notes to be retired and cancelled
Several amendments were subsequently
moved. discussed and rejected.
House A petition Of Taxpayers Of
South Carolina, asking investigation into
the affairs Of that State. was referred
Discussion was then resumed on tho bill
in relation to the purchase BY the United
States Of the Louisville and Portlant
canal. Several amendments we're adopt,
ed. and the bill as amended. az q substi
tute for the Senate bill. was passed. TIL.
currency bill was then taken up and dis
cussion had thereon until the adjourn
ment.
WEDNESDAY.
SENATE.-The finance bill introduced
by Mr.. Sherman was under consideration
The 6rst movement was on the amendment
Of Mr.. Gordon providing for free banking
and an apportionment to each of tb,
States of circulation according to wealth
and population. based on the amount nov
outstanding 10 the State Of Maine. MIR
Davis moved to amend by basing the cir
culatinu on Pennsylvania instead Of Maine
This proposition was accepted by Mr.
Gordon. but was rejected by the Senate
A motion of Mr.. Morrill,. Of Vermont
that the maximum limit of fractional cur
rency shall be forty millions. and th
amount iu excess shall be Withdrawn a,
soon as practicable. was lost-yeas l!
nays 80. Mr.. Sherman moved an amend
ment requiring that the banks shall keel
their entire reserves in their own vaults
aud no bank to redeem its notes at an,
other place than over its own counter
| Mr.. Sherman gave notice that be intend
cd to offer other amendments, including
modified form Of the secsnd section of tn
bill, which had been stricken out. Pend
ing further discussion the Senate adjourn
| ed sfi fssef et
House.. The Senate bill supplemental
to the act Of May 10th. 1872. to develc
the mining resources Of the United State
was passed. The special order. the cur
rcnoy bill. was then discussed BY Messrs
Phelps Of New jersey. Hawley Of Con
nec.icut, Eldridgs Of Wisconsin, and I
R. Hoar. At the evening session coz
sideration Of the revised code was resun
cd. Several amendments were adopted
after which the bill was read q third tim
aud passed. sgg,g siea
| fait THURSDAY. f. He
SENATE. The finance bill was agai
4 under nsiderntion Mr.. Davis offere