The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-20
Senators Wright and Logan ON
the Currency C0nundrum.
INCREASE OF CIRCULATION.
Mr.. Wilson's Proposition for Expansion
Lost in the House.
SENATE.

be taken to issue currency based secur
ties. Referred TO the Committee on Finance.
Mr. TnuRxAN. (dcm) Of Ohio, presented a petition on
behalf Of Winnebago Indians OF Wisconsin, setting
forth that tribe il being greatly wronged under color
of authority OF the United States governments the lives
Of its members have been DESTROYED and the tribe
rs being deprived OF its liberty and prop
erty, and asking the necessary legislation for
its protection. Mr.. Thurman in presenting the
petition, said thar it not the intention OF the law
passed at the last Congress TO use force to re-
these indians In the debate then he said these
under the fourteenth amendment to the consttu-
tiOn citizens the United States and the govern
ment had no right to use to remove them Aifi-
davis accompanied the petition showing that the indians
had been kidnapped and carried away from their homes
H hoped the matter would receive hs rop eomasr
was referred " that committee.
Mr. HAxLs epJ Of Se Introduced bill for the re-
lie OF the Portland Company, OF Portland Me- Referred
sSs1 DEM No. introduced BIN to ssi%surss
ana epps Of S Ha s late war; Referred
VIDE %'s me construction %s
measure was in the true interest II commerce and
81 5 party
actually cheap and ns
. the government in the transportation of troops
The bill referred to the Committee on Railroads
nm s Ss Si Sisa was
to the Committee on Indians Affairs.
to APPOINT commission On subject a,sohSic
and lermened liquor traffic. Referred to the Committee
Mr. FEaar, eepA Of MICH. introduced bill to au.
River at Detroit. Mlah Referred TO the Committee
Mr.. INGALLS,, trep} OF Kan introduced bill to iucor
(, Ss On pS a LAND
~, M RA.sE1 Gep Of MINI introduced o auhoriz
Construct Ct branch road rom sibey iowa to lankton
Dakota. Referred to !he Comm ttee on Public Lands
Mr. kar n tn nj
Sw The o or
Ana the Dominion o. Canada ior sneh to build
S oos miles fs or nd
also railroad bridge across the Detroit River in the
sS OF ss n al III the
be TOR me se % az
this SUBJECT and also as 70 drswbridges over ali the chan
'l Bills We're "a also sSH Introduced as follows-
sS5h as csas st
ton%ood Canyon. Referred to the Committee on Rail
sy Mr. aosDox ldem.) of CATO remove the political
dissslties q william l. oaben OF Texas Referred to
NJ; Ingalls, bill proposes TO grant twenty sections OF
S nS asIs o% s the S d Ps ys Of
crado into the state OF Kansas as far as may be desired
xsSsi; i provides that the proposed extension
r. sss SE ss !: The %
Maze SS = ssss 's.
sIsyisien: sss treaty 1sr IssS Win he
siis@sas shs lands = ssid Indians tie
S hs to appoint
effects Of the Liquor traffic and the practical workings
sa.ss s. .s as SC ri vi; III oss s
payers Of the country who il is; out Of the total
Articles sH0s p oSscco and iGa
alone.
The morning hour having EXPIRED the consideration
T ifS'S's iowa
:son: sss s:eh denied tas sots Impeachment II had
shs.s sSsr. ss
s a as they % all the qs to al
more to do with the monetary deranae ment than the
S Pole so he H.Sn or n brad ps
into debt and people syeFywhere
ss%s
"a. 81. sss4sacy e.s asprssstsa during the PANE
e i sasnsss men sverywSsTs sought and held i
To- pledged these
notes and they are good a., now e they be made
truth The esmSs q hSstsa The real inquiry
rights Or tis blu holder and the Interest q
ne Tsurn a. S sDeSs
show ed s Ssrs
and In the OF the people he protested against any
sns to ,S w
trade which ali should labor for then that fact p
struggle g back specie pay%s3ts' as had been
the
on this subject Nations were becoming more intimate
as this an0 iGsS ~0tf world
pot favor Gs nst de-
msna notes Su,
ment The nstlonal banks we're ORGANIZATIONS Of
nSssy xss Ss
b. to wind their affair, gould not have
s !sssaSss: s
means His presrenes. though, was Tor but one eur,
y aas a Ss Of hs no
O e's u aSe' X the ne a @
form q The note and n DO making
this country are active and enterprsing, and need
Diners Especially sS %o fan rS. %Syns
thus the demand for money Is Increased lie therefore
. convertible bond at small rate OF interest at
about 8 66100 He favored small rate, because the
nation paying too much interest both public and
private. No nation had been 30 much impoverished
by the payment OF extravagant interest II
turn to specie payments now we must reflect that
greenbacks will be bought by capitalists at deprcci-
aed value held gold millennium thus
ing the monetary derangement and GRIPPING bushes
Nothing should be done contract, but we should go
right ahead steadily. II there furnace idle, encour
age to begin work If any mechanical agency or in
dustry stopped bid II go to work and all Will be well
In conclusion he denied that the voice o the West was
tor resumption OF specie payment and no expansion oil
the currency.
Mr.. LOGAN, repl of Ill, saidThe regulation Of the
currency has been subject which has been much dis
cused but the word money itself has never yet been
fuy dehned II Is necessary to relieve the present sti
gency by placing the currency on secure basis Inc
various plans proposed for this purpose really embrace
nut two theoriesone the return to specie payments by
forced contraction The other contempaiss the
mat which is boarded, or by direct increase
"a .ne amount rhe fundamental present question