The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-01-23
CONGRESS.
SENATE.
WASHINGTON, Jan. 2s.
suNpny pErlrroNs ANp nrso1urrOns.

AtanceS OF ner registering and voting iL
Rochester and her subsequent indictment
and trial for illegal voting before Judge
Hart, Of the United States Supreme Court
and stating that her trial was not fall
one, and that her conviction was in viola
ton Of the statute, and asking that The
fine imposed on her be remitted. Re-
ierred.
Mr.. Scott presented q petition Of Phils.
delphia merchants asking enactment Of
the law so as 10 provide for the issue oI
8 65.100 bonds, into which legal tenders
can be converted. Referred.
Mr.. Scott also presented petition from
citizens OF Pit@burgh, Pa, asking to be
reimbursed for expenditures incurred In
fortiiying the city In 1858.
Mr.. Sherman introduced q resolution
instructing the Committee .on Public
Buildings and Grounds TO inquire into
the expediency of suspendipg the expend.
lture Of appropriations for all public
buildings upon which work has not been
commenced, and to turn over such unex-
pended appropriations to the Treasurer.
Agreed to.
Secretary Richardson and Mr. Conant,
Chief OF the Warrant Bureau, were be.
fore the House Committee on Appropria.
tiona explaining the items coming under
the head Of permanent appropriations,
which relate not only 10 salaries but to
commissions aud expenses relative to
loans.
Mr.. Anthony, from the Committee on
Printing, reported the following resolu,
tion, making It unlawful lor the Congress.
sional printer to print in the Congressional
Record any speech or part OF speech NOT
actually delivered in the Senate or House
OF Representatives. Passed.
Mr.. Davis introduced bill for the
further improvement OF the Great Kama.
Whs River. Referred.
Mr.. Morton offered an additional rule
70 the Senate declaring that no amend
ment to any bin for creating a post route
shall be In order until after the referring
Of such amendment to the Committe on
Post Offices and Post Roads. Referred.
The morning hour having expired, the
consideration Of the finance resolution
was resumed, and Mr.. Boutwell, address.
ed the Senate.
TRANSPORTATION REPORT.
Mr.. Morton submitted the following
resolution which was laid on the table
and ordered printed:
ReS0lUed, That the Committee on Trans.
portation Routes to the Seaboard be in
structed TO consider and report a bill to
create commission OF eminent and skill.
ed persons to be appointed by the Presi.
dent by and with the advice and consent
oil the Senate, who shall examine and re.
port to Congress what legislation is ne
cessary and practical In regard to inter
ter.State Railroads to promote the follow.
ing objects, viz: Speedy transportation
at reasonable rates for freight and
passengers andt ssfetyand comfort Of
passengers by providing for the inspec.
tton Of bridges, tracks, locomotives and
cars, and reform any abuses that may ex-
lst in consequence Of extortion or upinst
Determinations in the transportation Of
freight and passengers, and In general
what regulations are necessary to promote
efficiency in railroads, the interests Of
commerce. ,'and convenience and safety OF
the travelling public.
Mr.. Morton said that on Tuesday next
he would take short time to express his
views on the subject. he said the sena.
tor from Missouri (Mr. Schurz) had been
pleased to arraign him for an opinion III.
cidentally expressed on the final question
in this chamber, and perhaps more at large
stated elsewhere, and was pleased to char.
acterize these opinions as a do.nothing
policy. These opinions during the past
five years were embodied in the financial
policy Of both the legislative and execu-
tive branches Of the government. The
financial difficulty through which the
country had recently passed had taught a
lesson. AS q teacher II should berespect.
ed, but as a dictator demanding that
policy be tried 1t should be abandoned,
and one not tried be entered upon. It was
not worth attention. The number Of fail.
ures Of legitimate business men during the
late troubles were few. The laboring
classes alone have suffered, and they
alone are the persons entitled 10
consideration, and to their interests he
thought Congress should now address It.
self. He hoped to be able to show that
Ru initiation Of the paper currency would
infllct standing and lasting evils upon
men. He contended that there
was frequently an initiation of currency in
New York, and its evils were disastrous,
There Is anatural press, by which curren.
cy, whether paper or coin, used for the
purpose Of business, will accumulate in
! particular place. When every power
Of legislation should have been exhaust.
ID for the purposes Of distributing cur
rency over the country the result would
be failure. Currency will flow where 1t
belongs, and therefore naturally accumu-
lates In the city OF New York. The banks
of the city OF New York, acting upon q
practice almost universal, pay. interest on
deposits, and the result is, thar money,
Of remaining in Chicago,
81. Louis and other points flows into New
York, fifty, sixty and seventy millions Of
dollars often being held there, subject TO
B call for accumulation of currency In
New York by artificial means, led TO an
initiation Of currency in that city, and 70
speculations, followed by disaster and
ruin. An initiation of the currency of the
country would in time produce the same
results. BE was, therefore, opposed to
any increase in the volume Of the paper
Of the country, and, on the other hand,
was opposed 70 any contraction Of cur.
rency. BE did not think deprecated
currency in itself q great evil. By that
he meant to say that II currency be de-
preciated and prices and the products oil
labor become accustomed to that state Of
things, thete are no substantial evils
the prosperity OF the coun.
try. The authority Of the Treasury
Department to use the forty.iour
millions OF legal tender reserve ought
never TO have been questioned, but he
trusted this debate would settle the legal
right Of the Treasury TO use that reserve.
The department had acted upon the idea
that It had right to use 1t whenever an
emergency occurred, bearing in mind
also that II was not 70 be added to the
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