Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-01-16
EVENING STAR.
COI'GRESSIO.r.TI.
Conclusion Yesterdays ProceediaE-

sfNATf.-AfteT our report closed
hIs Morton cone aided his remarks on thu
that one o. the causes OF the -, ,,r,i. - a.
Premature building OF rai'rOsds he dtsSeufesf
ron thls- Railroads were the pioneers OF CIV
hi'sron. sud he did not believe thst one teo
many lad been built, nor was fhere I. Sen.so-
neie Who would Usme q railroad in his .f.ta
ma, ,hsi ought not 20 hAve been built. ne remarked
la oeLind Al these Arguments for contraction
ne ssw the Old state bank system loominy nm
re BAD been Informed that the fn-,r conptriss
.h tntope which had OF late made the greatest
Hugiess we're Austria, Russia. Germany. ani
lAly- During this period tue currency AZ NJ
VA hsn been frUm 10 20 ~ per cent below Dsr
=! hussis nom 10 10 = Per cent. aud Italy NON
TO ~ Per cent. lie repeated that the recent
panic did not spring out OF any defert IN o5r
currency. The currency really ipcre<ses ~,
value during the panic. The other side OF the
chamber, with but one or two eNceptious he
believed, opposed the national banking system
but he hoped the country would never return
10 the old system OF state banks The policy 81
contraction be looked upon ~ fraurht with
ruin. There WAS today n smaller volume OF
currency a. compared with the wealth ant
business needs OF the country than there was
hve wears ago, and he believed u best 20 have a
moderate increase. our difficulties were no, -
remedied 10y the theories OF John stuart Mi
The system OF prices and wages IN England
would no more answer in this conn ~ than a
map Ct Europe would answer for a map OF
North America
Mr.. Howe introduced his bin 10 exchange IT.
redeemshle legal-tender notes for redeemAble
After remarks by Mr.. Buckingham the sub
Ject went over. several senators who desired 90
sltah not being A. yet prepared 20 10 -. Nr.
Shti man SAID that he would take the door To-
day n no other Senator was then ready.
The Senate then went into executive session
and Afterwards al burned.
hpU SE.-After our report CLOSED
The naval appropria alton hin vas ff-ruaset
by the House Committee OF the Whole the an
Tropristions for the Marine CORPS being Under
consideration.
Mr. Gov. of n. y osf,-sy o., .,.,,..,
ment that after the term OF the present iucum-
bent OF tie once OF General shah expire no ap-
poinimeTts shall be made 20 an the vacancy
After discussion an Amendment was sdopfet
cutting the number Of priyates Tor whom nav
was Appropriated down 70 I SOC. and the resiing
OF the hill was concluded.
Mr.. Randall Pas offered an Amendment a.
an additional section, making IL 4 miSiemeanar
punishable 10y hue not exceeding so $50, for
any ofNcer or appOintee Of the government 70
contract for or authorize an expenditure OF anV
sum for any fiscal year in excess ~ the sum an
rropriated fer the specified purpose for such
rscal wear.
Mr.. Loughridge Iowa offered an amendment
70 this, that in case OF any sudden invasion or
insUrrection or like emergency, the President
psriments, authorize IN writing an additional
expenditure, and report the same 10 Congress
within i've days after IL next meeting.
AFTER = spirited debate the amendments were
severally rejected.
The committee then rose Gad reported the hill
TO the House.
The amendments adopted in committee were
adopted and the bin passed.
The House then adjourned.