Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1874-04-01
Congressional Proceedings.
Washington, d. c., 81.
SENATE.

The memorial from citizens of California,
in favor of temperance, and citizens of South
| Carolina, against misrule, were presented and
REFEREED the bill providing for the coinage OF
| twenty cent silver pieces was reported favor
able and placed on the calendar.
Mr.. Sherman offered a resolution that pen
ding a substitute for whole bill or a motion
to strike out section of bill, it shall be in
order to perfect by amending the section pre-.
pared to be stricken out.
Mr.. Carpenter offered as an amendment a
resolution amending the 18th rule 80 that
pending a motion to strike out and insert the
part to be stricken out, and the part to be in.
serted shall each be regarded for the purpose
OF amendment as question, and motion to
amend the part to be stricken out shall have
precedence. Agreed to.
MIR. Sherman withdrew the resolution sub
mittted by him.
Mr.. Morrill, of Vermont, moved to strike
out in the 4th section of the bill, 70 per cent,
as the amount of United States notes to be
retained as additional bank currency is issued,
and insert 30 per cent.
Rejected. Yeas 20, Nays37.
The question received on the motion of Mr..
Morton to strike out the 4th section, was
agreed to. Yeas 20, Nays %.
Mr.. Gordon offered an amendment provid-
ing for free banking, and to give each State
the same amount of circulation in proportion
to wealth of population as the State of Maine
now has.
Mr.. Logan accepted this in lieu of his
amendment offered several days ago.
Mr.. Fenton moved an amendment repeal
ing the 23d section of the act of June. 1874
wherein provides that national bank currency
shall be taken at par, and providing for GER
tain central points where national banks shall
redeem their notes in legal tenders.
Mr.. Morton said the whole effect of the
amendment would be to depreciate national
bank notes.
Mr.. Trelinghuyser said that under the in
fation now being authorized, the national
bank currency would be law enough.
Mr.. Fenton's amendment was rejected.
Yeas IA. Nays 81.
Mr.. Buckingham offered an amendment
providing that on the LIST of January, 1876.
United States legal tender notes in sums of
one thousand dollars and its multiple, shall
be redeemed by the Treasurer of the United
States either with coin or with United States
bonds at par, the principal of such bonds to
be payable in coin in ten yeers, and bear in
terest at the rate of 5 per cent per annum
and that the principal of any United States
bonds bearing interest in coin at the rate Of
not less than per cent. per annum, whether
due or not. shall on demand be paid in legal
tender notes and accrued interest in coin.
Rejected. Yeas I, Nays &c.
Mr.. Buckingham then offered an amend
ment for the redemption of legal tender notes
in coin or bonds as above, with the exception
of the latter part in regard to redemption
bonds which he erased.
Rejected. Yeas 81, Nays so.
Mr. Sargent moved to adjourn. Yeas 81,
Nays &c.
Adjourned.
House.
After discussion, Mr.. CIymer of Pennsyl-
vania, moved q substitute for Wheeler 3
amendment, providing that if q session of Ju
risdiction should not be made by the State of
Kentucky, the tolls on the canal shall be
raised to their existing rates.
Negatived. Yeas l05, Nays l24.
The question was then taken on Wheelers
amendment providing that no money shall be
paid under this act, until Kentucky shall
have coded the jurisdiction over the canal
property to the United States. This was
agreed to. Yeas 1870, Nays 95.
The bill was amended aud passed without
the Yeas and Nays.
The House at 5. 10 resumed the considera-
ton of the currency bill. Speeches were
made by Hubbell of Michigan, and Sherwood
of Ohio, both in favor of expansion.
Mr.. Myers introduced bill for the relief
of the Commissioner to the Vienna EXPOSE
ton. Referred to the Committee on Foreign
Affairs.
At 80 the House adjourned.