The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1874-04-15
ADD CONGRESS...-FIRST SESSION.
SENATE.

TOD tVNNhEASsSss-sE thlrl NE4SNlVNs
SENATE.
WASHINGTON, April a.
Mr. Carpenter moved that the Senate pro-
coed to the consideration Of the bill TO pro-
vide for new election in Louisiana. He
said that so far as he was concerned he
meant business, and wanted the Senate
either to pass the bill or kill 1t. He didn't
bring it here for football, that speeches
might be made, but for action. The bill
was ia IN taken up.
Mr. Frelinghuysel made legal rguments
as to the powers of the President under the
constitution, and contended that the appeal
made TO him to interfere in Louisiana was
one which he was compelled TO heed being
sworn to execute the laws. He opposed
any congressional interference as establish
ing wrong precedent, but said that if any
action was taken it should he to install Nc
Emery governor, he having majority OF
nearly 10000 of the votes cast and prima
facie case, rather than to order a new cleo
ton.
Mr. West had the next right to the floor,
but yielded to the motion for an executive
session at 800
The doors were then rcopened and the
Senate adjourned.
HOUSE.
Mr. Dreamer of n. V, introduced a joint
resolution substituting to the legislature of
the several states an amendment to the
constitution of the United States providing
for the election of United States Senators
by the people Of their respective states.
Referred to the committee on Judiciary.
Several amendments were offered and then
Mr. Maynard moved the previous question
on the bill and amendments. Motion
seconded by IA tO SO, and the main ques-
ton ordered. The first vote was on the
amendment offered by +. II. Hoar of
Mass, but was rejected by 20 to III The
next vote on Fosters 25 per cent. redemp-
ton amendment was rejected by 100 to
1873.
The question then REQUIRED on the bill
reported by the committee. 1t was or
dered to be engrosscd and read third time
without the ayes and nays.
The bill was then passed, yeas 1923, nays
t1G.
The following is the text of the bill as
passed
That section 81 of an act entitled an act
to provide national currency secured by
pledge of United States bonds, and to pro-
vide Tor the circulation and redemption
thereof approved on the 3D. of day June III
the year 1864, be so amended that several
associations therein provided for shall
not hereafter be organized to keep
on hand any amount of money
whatever by reason of the amount of their
respective calculations, but the money re-
quired by said section to be kept at all
times on hand shall be determined by the
amount of deposits in all respects, as pro-
vided in said section. Section 2, that sec
ton % of said act and several amendments
thereto, so far us they restrict the
amount of notes for circulation under
said act, be and the same are here
by repealed, and that section one
of the act entitled AN act to provide for
the redemption of three per centum tenn
porary loan certificates, and for an increase
of national bank notes" approved July IL,
1870, be amended by repeating the second
provision in said section contained; and
an act entitled "An act to amend an act
entitled IAN act to provide national curren-
cy, secured by United States bonds, and to
provide for the circulation and redemption
thereof" approved on the 3D. of March,
1865, be and the same is hereby repealed,
and section II of the original act, to which
act the last aforesaid is an amendment, be
and the same is hereby re-enacted.
Section B. That every association organ
lied or to be organized under the proyi-
sions OF said act or several acts i'll amend
ment thereof, shall at all times keep and
have on deposit, in the treasury OF the
United States, in lawful money of the
United States Il sum equal 20 per centum
of its circulation. to be held and used only
| for the redemption of such circulation, and
when circulating notes of such association
or associations shall be presented, assorted
or unassortcd for redemption, in sums of
$1,000, or any multiple thereof, to the
treasurer or any assistant treasurer OF
the United States the same shall be rendered
on United States notes. All notes so re-
deemed shall be charged by the comptroller
of currency to the respective associations
issuing the same, and he shall notify them
separately on the first day of eaacli month
or Oitcner at his discretion, of the amount
OF such redemptions, whereupon each as
ISOLATION notified shall forthwith deposit
with the treasurer Of the United States a
a sum in United States notes, equal TO the
the amount of its circulating notes so re-
deemed and when such re-
dempton shall have been 81
reimbursed. Circulating notes so redeem
ed, or if worn, mulilated or defaced, new
notes instead shall be forwarded to the re-
spectivc associations, provided that each OF
said associations shall reimburse to the trea-
sury, the costs of redemption and of sup
plying new notes in place of those redeem
ed and organizations hereafter organized
shall also severally reimburse to the
treasury the costs of engraving and
printing their circulating notes and
provides further that the entire amount OF
United States notes outstanding and in cir