Vermont watchman and State journal. [volume] (Montpelier, Vt.) 1836-1883, 1874-04-08
Forty-Third Congress.

~ tNDAht lhhIGN d.
The Senate resumed consideration Of the
financial bill. A motion to substitute ninety
Tor seventy per cent. as the amount of United
States notes to be retired was rejected twenty
to thirty seven. Mr.. Morton $ motion to strike
out the fourth section was agreed TO, twenty
nine to twenty seven. An amendment offered
by Mr.. Buckingham for redemption in coin or
bonds was rejected, seven to thirty.nine
Without reaching a final vote, the Senate ed.
journed.
In the House, the Louisville and Portland
Canal bill was amended and passed. The con
sideration Of the currency bill was then resumed.
WEDNESDAY, April l.
ln the Senate, the consideration of the fnan-
cial question was resumed, and Mr.. Dayis's
amendment that the amount Of bank circula-
ton in each State and Territory shall be e1usl
to that Of Pennsylvania, wasreiected twenty
five to twenty-six Mr. Jones made a speech in
favor Of specie payments an amendment FIX
ing the amount Of fractional currency at : 49,
600, 900 was rejected, nineteen to thirty.
In the House, Mr. Rainey presented reply
OF the Republican Central Committee Of South
Carolina to the memorial of the tax PAYERS
the Mining bill was discussed in the morning
hour; the Currency bill was taken IN. and
Mr. Phelps, of New Jersey addressed the House
IN opposition to the bill Mr.. Hawley, of Con.
nectlcut, followed in speech on the same side
Of the question
THURSDAY, April2 2.
In the Senate, the Consideration of the finan.
eial bill was resumed a substitute for Mr..
Merrimon's amendment, providing that $50.
100000 in bank circulation shall be re-dis.
trlouted, was rejected, twenty to tbirty-one
Mr. Merrimon's substitute for an additional
issue OF SAC 900 900 to banks, to be distributed
among the several states was adopted-thirty.
three to nineteen an amendment for the re-
demption Of legaltender notes in coin was also
rejected-seyen to eleven, after On Executive
session, the Senate adjourned.
In the House, bill for obtaining informa.
ton regarding the Alaska seal fisheries wes
discussed In the morning hour the considera.
ton of the Curreccy bill was then resumed and
continued till adjournment during the debate
personal controversy arose between Messrs
Dawes and q. F. iloar, which was participated
IN by Messrs. Butler and Hawley of Conncc.
ticut
FRIDAY, April 3.
In the Senate an attempt was pade to adj
lourn in observance Of Good Friday, but the
motion was rejected. At the request of Mr..
Sherman, the financial bill was laid aside. and
the Louisville and Portland Canal bill was
taken up and discussed until adjournment
In the House, the bill regarding the Alaska
seal and fur trade was passed. A number or
private bills were also passed.
SATURDAY, April 4.
Ihe senate was not in session.
In the House, MIR. Butler asked leave 10 70.
port bill providing for the impeachment and
suspension Of officers of the civil service. bnt
objection was made, and bill was not reported |
Inc consideration Of the currency bill was re.
sumed' and Messrs. Kelley and Butler argued
IN favor OF the 365 bond bill.
MONDAY, April O.
Aiter long discussion the currency bill yas
passed ltproyides that the maximum amount
u United States notes shall be fixed at $500.
700 900 that sac, 900 900 in notes for eircu.
alton in addition to such circulation now
allowed by law shall be issued to national bank-
ng associations now organized and which NAV
'e organized hereafter, and such increased cir.
,uia''on shall be distributed among the several
states and each national banking association
low organized or which shall hereafter be or
'an'zed shall maintain as part of its reserve re.
lured py law neiourth part coin, received by
as interest on bonds of the United States de.
'osl'ed as security for circulating notes or GOV.
rnment deposits and that hereafter only one.
ourth OF the reserve now prescribed by law
OF national banking associations shall consist
the balance due to an association available for
exemption OF its circulating notes from as,o.
.h;ss n cities Of redemption, aud upon
Vhlch balance no interest be paid ~rN' {
nee was transacted. ''P'''