The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-04-03

become OF the amendment for free banking offered
by the gentleman rom Illinois tMr. Loganl
THE INITIATION STRATEGY.
Mr.. LOGAN, Crep.) OF H., said he would withdraw
that amendment to allow that OF his friend IRON
North Carolina to be offered. II was very evident
that there were a number OF Senators in favor OF
more currency but opposed to free banking. and
as he wanted vote, he would not press his amend
mcnt
Mr.. SALISBURY, {dem.) Of Del. offered an amend
ment prohibiting the Secretary OF the Treasury
from paying interest on bonds which have been,
or may hereafter be deposited in the Treasury to
secure circulation, except on the excess OF the
par value Of such bonds over the AVERAGE crcua-
tlon OF such associations during the current year.
while sucn bonds snail remain on deposit IN the
treasury to secure such circulation. Rejected
without division.
CRASHING AT STRAW.
Mr.. DAVIS, dem) OF w. Va, offered substitute
for that OF Mr. Merrmon, providing that $50 600
OF NATIONAL bank circulation snail be Withdrawn
from the states IN excess ana issued to the states
having less than their proportion.
Rejected, yeas 20, nays 81, as follows:-
psn Fssn APsSny Conkp Cooper Srssn
Hamilton Of Jons KeieS
mon % nnd dGsen susOury schu sher
c NAYs-Messrs Allison, Bosy, Boremsn Carpenter,
gan GoidiSwate Gordon, Harvey .Hichcosk Ingalls,,
Johnston, Lewis Logan. Mccreery, Merrimon Misnel,
Ramsey, Robertson, Spencer. Upton, West and Wnaom.
THE INPLATIsrs AGAIN TRIUMPHANT.
substitute ' and It was adopted. Yeas, s.; nays,
~, az lolows:-
yxAs-Messrs Allison, Bogy. Foreman, carpenter :.
hwas eo1don H,cnSock Inss n,saS on sS,
dosss sMsoFsry sstPon Mitchell Mostsa
Fo6estson, sherman Spencer, Thurman Upton, Weft
NArs-aessrs anthony, Boutwell, Chandler, conklins.
Cooper, Gragn, Ferry Of Connecticut, Frenghnysen.
aa%n. Jones. Kelly, Morrill,, Of Vermont = Sargent s
salisbury, stewart and Stockton-la
NO REDEMPTIoN-FoR GREENBACKs OR THE COUNTRY
Mr. FRELINGHUYsEN, rep) OF N. j., offered an
amendment similar to That submitted by him q
the Treasury, with view 70 the resumption OF
specie payments at some future day. Rejected by
ANOTHER STEP.
MI. THURMAN, (dem.) OF Ohio, offered as an ad-
diiiona section-rnat from and after June 80,
1874, one-twentieth OF the customs dues shall be
June 80, 1875, one-tenth, and after June 3d. 1876,
0ne-flth OF the customs dues snail be so paid.
Mr. WRIGHT trep.l OF La, offered as an amend
ment to The section OF Mr.. Thurman the follow
in gws.n.
ing the pledge made by the act OF February rs,
1852 for inc payment OF the interest on the public
oebt and providing slnking iund."
Mr. THURMAN accepted the amendment.
Mr. SCOTT, trep) OF Pa, SAID the amendment, If
adopted, would undoubtedly cause the defeat OF
the bill in the House OF Representatives, the pro-
Wis on was one Affecting the revenue, and, there
fore, could not be originated IN the Senate. The
Senate, some time ago, passed bill TO repeal the
income tax. That bin did not propose TO raise
revenue, but took revenue out OF the Treasury ;
ana the house, on the ground that 1t was bi
pertaining to revenue, refused to consider 1t.
Mr. HAMLIN, (rep.j OF Me-, said he would support
the amendment OF the gentleman from ohio (Mr.
thurman, In the hope that the adoption Of it
would cause the House to lay the bill on the table
the better Tor The country. (Laughter.) He was
for hard money and wanted 10 see the bill defeated
sIr Tnurman,s amendment was re,ectsd-veaa
Mr.. SALISBURY, tdem.) OF DEL. o1ered an amend
Secretary OF the Treasury to redeem legal tender
noes on the LIST OF January 1870, in sums Of ST. 600
ana any multiple tnereo. at the rate OF 500 IN
thereafter at the rate OF 500 in coin Tor
slos IN currency; on the LIST OF January, 1877
months thereafter $lOO In coin Tor $l04 IN cur
renew the Isl OF January. 1873 500 in coin Tor
$lo2 IN currency, and in SIX months thereafter he
shall redeem them at their face value. Rejected
yeas 7, nays 81.
Mr.. MORRILL,, rep) Of Vt, offered as an amend
recently introduced IN the House requiring ma
tl0nal banks to keep an amount IN United States
DEPOSIT In the treasury Of the United statss 10 be
used only for the redemption Of suca circulation
and providing that II shall be redeemed IN green
backs.
Alter some discussion the amendment was with
drawn.
Mr. ANTHONY, (rep.) of R. l., said tomorrow
beng Good Friday, q day observed by the whole
Christian world, he thought the Senate should not
meet nan 1een customary dur ny the loag SEES
moved to lay the pending bill aside in order that
he might make the motion to adjourn over.
and the motion was agreed to-yeas 20, nays 81
The bill was laid aside, and Mr. ANTHONY moved
that when the Senate ADJOURN to-day 1t be to meet
on Monday next
Mr. MORTON, (rep.) Of Ind. said this motion was
calculated to waste the time of the Senate.
Mr. ANTHONY said when he was accused Of vast
ing the time OF the Senate by q senator who had
not spoken more hours than he (Mr. Anthony had
mloutes. he would defend himself but not until
Mr.. TirroN, 0io.j of Neb., said II the Senate ad.
jOurned over tomorrow on account Of its piety 1t
would take some sunday session to make up lost
time.
Mr. FERRY, rep.) of Mich, moved to amend
the motion OF MIR. Anthony so as 10 provide that
the Senate should meet on saturday. He was will
lug to give one day, but hoped there would be
session on Saturday to make up Tor it:
Tie motion OF Mr.. Ferry was agreed to, and the
Senate proceeded 10 the consideration OF executive
business.
The possibility OF a ne,c issue OF nconuertiOle
paper regard uth amazement and ANXIETY ana,
IN my Judgment such an issue scoad be detTi-
7Ient and a Shanlf.-CHARLEs SUMNER.
The Disc ussfon in the House-A Warm
ing from the West and South-They
Can Control the Government If They
Choose--A Little Family Row Among
the New Englan nd Members-Free Bank
ing Pro and Con.
WASHINGTON, April 9, 1874.
The House at two O'Clock resumed the considera-
ton OF the Currency bill
Mr.. NILES, (rep.) OF Miss, argued against the
bill, as having tendency to disregard the pledges
OF the government
UNEQUAL DISTRIBUTION.
Mr. HARRIS, (dem) OF Va, made speech upon
the finances, aud predicted that Congress would
do nothing equal TO the emergency; but would
talk ana resolve and resolve and talk until the
end Of the session, without passing any law that
would give substantial, bona fde relief. Some
palltation might be offered to outraged people.
but nothing more. He argued that there was not
circulation enough In the country, that for
the whole country being SIC 70 per capita
and that for Virginia only 50 Is per
capita, while the average circulation OF
vyo IN ioir n