New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-12
yIJup CONGRESS- -1sT SESSION

mr. Tux roRTIFICATIoNs BILL.
SENATE. ..... WASHINGTON Feb H. 1915
Ar FrYroN Glib. Rep n. " presented a
nation from citizens OF that State asking pensions lor
those who served IN the Mexican war i'elo'i0~ W VIZ
Committee on Pensions
Mr. CHANDLER Rep., MlchJ presented a petition
from oiiers of that State asking the same pension for
ma oas of an arm above the elbow as for the loss OF
leg above the knee.
ME- SARGENT U,ep, Call presented Joint resolu-
ton Of the Legislature OF that state, nsructing their
Senators and Representatives IN Congress 10 oppose inc
r rccouty introduced in the House by MI Mard Skep
I'D develop the mining resources OF ehc NJ Gu s
states TIE resolution laid on Tue tiole' MI. oar
,,nt that the BIN had Deen created 10 nun ny sone
80 op1Ssed 10 The b believing 1t TO be su0versive of
the mining interests OF all the states ana leitoIies
Ia consequence OF the bi having been credited 70 ll
= meeting ha0 been held among the miners ana be had
boon denounced. He did not introduce tue DI, WasVp
posed 20 IA passage and the onuc'Sms "s"inS' 'N
VOC oS % aI, Of M TnMAN4Dem Ohio, the memo
raj ,resenfcd 10y him Sfcw DAYS ago in regard 10 tue
government OF the District OF Columbia, aud the memo
raj o Tie Governor OF the District, were taHen IRON me
ts aud referred 10 tho Joint Select Committee 10 In
YcsuSal5 District Affairs
ARMY OFFICERS As LOBBYISTS.
Nj BAYARD Dem. Deli asked that the resolution
ou,sed b him yesterday, calling upon the President TO
iuorm the S.uate whether any officer Of the United
Stes amy on Guy in South Carolina bad been instru
ment, IN procuring legislation in that STATE to compen
sat, him fos rendered in the discharge OF ms
10 i. attention March ana he had no doubt great
wrong been pcrpelrated upon the people OF Souh
IIona iul the iar name Of officers dlson0reu hence
tu crest all that the matter be exposed anu
prlnpiT corrected. South Carolina had been ueprNeu
s5O)n avcn as for the conviction OF persons
Uut.r Ia. kg.KluX act. Major Lewis Merrill or the
United state army, 1t was charged hae sA ao
o thai amount, ana had been busy IN 0Dlang lne pas
authuriziug the reward ny Tue south SaI
pima Lr-latute. He sent To the C'crhs 1esk anu hau
Rad tho cro.t OF q commission for the distribution OF
rewards Iu winch the name OF Major Merrill appeared as
hi,ina received the above amount Continuing ms re-
marks. Mr Hay8fd said convictions we're secured by
PAYING tacso who bad committed murders to TESTIFY
against Ohcr sUch things were shocking IN the MS
r., OF thc country . administration OF Justice. Many
the iius convicted were now languishlng IN
Mr 81 orr (ep, Penu) said it had been his good for
81 meet Major Merrill ana ho thought, II the Sena
tpr from Delaware tAr. Bayard knew MN personally,
hc would not think was the man to be guilty OF any
Bat conduct Ii there was any one man living to-day
whom tbc people OF South Carolina were indebted for
k~x ,rI5tf alton Inn man was M,ior Merrill He
OR 5000 Ud not oppose tine passage OF tue resolution
rot afraid vi the record OF Mayor MERRILL lie
,,.r,..t Ia ire SeIni0r from Delaware, however that
President could not obtain from the records of the
War Department information as 10 the money paid by
tue state D south Carolina.
Tie uoru.ug hour having expired, the CHAIR an.
npcucc a. ,he regular order the unfinished business of
l'>toi NY being tHe hi lOr the o sloVcoooo
RfjiJuli UJuk currency FROM those States having an
cS-,s tire reissue OF It 10 tine stdtes not having
tn-ir pro rata OF currency.
Iur CnAiE fud before the Senate communication
from tine Treasury III answer TO resO-
L'H OF thc ocr'e yesterday IN regard 70 me oonage o'
the place OF the present fractional cur
TaC Secretary says the capaciiy OF the hihts
IN, cnugo yt silver other than trade dollars Is about
lOli pee anuum the issue Of fractional cur
.noti,n silver 10 replace the fractional currency
Er,circt 80 The Committee on Mines and Mining
Sir Si.Wklr utcp., Ncvl said that MS object in in
tu1duu tue resolution was for the purpose OF taking
spuc ste., The minis COIN TINS silver by the
tan. specie payments should be resumed
rHr BILL 10 REDisTRIBJrE THE CURRENCY.
It's rceoiar ordrr, bill to withdraw t25OOOOoO Of
The Va. ION 90 bank currency. was proceeded with.
The amendment offered by Mr. Sherman to the section
sah,rizug hc Controller Of the Currency to issue the
s5p0on 90 those States having less than their pro-
plrtri declaring that the Controller might do with
waiting ior the return OF the circulating notes vi
other banks was agreed 10.
Mr. MElIJNON Dem. \. c. moved to strike out the
vcris twenty-five" relating TO tie amount TO be with
drawn and rcissued, and insert III place thereo1
and ssd II interfere with increase IN the cur
rcIoy which he desired. He willing to let the New
The currency increased that the people Of the West
could nave the same opportunity rs those OF New
Mir 1NTHONY Rep, R. y said that his State had
81 ono capital before the and has the same now
SIR MORTON Rep.. Ind) said that this bill dd not 20
far euough-not onethird OF the way II II was right
f1Sn that n should be fully eQuaizsd. The bill would
give relief Illinois, Michigan and other states
tddt section, because other states, IN the SOUTH mad
greater deficiency than those. 1t not very pleasant
r The people Of the West to come here ara nave to Deg
rouoy manifest Injustice and bitterly complained
by people OF his section. When they asked to have
the injustice rcmeded. they had been answered by
New Dgland. "YOu would not take 1t when We offered
Ittoyog. and Y y not good for you to have"
MI MORTONIt has has been said on this floor scores
dawsI of from Rhode Island, IN that he
right The population OF the country in the last few
which IN the West. Rhode Island had not increased
IN population at all. IL had been said that the West
pose she could mott Would the gentlemen recognize the
fact that the West growing and the question
she able TO do, what does she want nowf Lord
Bacon had said that the great curse Of phioso-
the great curse OF finances theory. There
period the history OF every country when specie
payments could not be maintained This country could
not maintain specie payment during the war and had
resort TO paper currency 1t would get away from
chat currency got away from the results OF the
There no more sense In scarcity OF money than
there in scarcity of food. As an abundance Of
food stimulates the body, so an abundance OF money
stimulates business. There had been cry That TO in
the currency would only aid speculation lie be
Ieved in speculation. The who went TO Colorado
laid out a town aud built houses and stores was specu
lstOr. but he was public benefaetor Speculation had
given us 900 miles OF railroad. He believed that 10
lake tho money away from the East would dlsorganIe
business there. and opposed but there could
DO increase OF currency ne Favored the passage OF
this bill and redistribution. ,,,.>.
lie argued tbat increase OF National bank notes
would place no obstacles in the way OF return TO
specie payment, and II forty. fifty or sixty millions
should be added the National bank circulation, green.
b.cks would not cheapened IN the least nor would
there be any in the premium on gold In 1870
after the distribution OF the CO., the Controller OF
the currency -Four years OF unprecedented growth
have passed away since then. and II 100000 were
at iess, ssO.ooocoO would be required now.
n the principle Ue settled that there is 70 be no increase
in The volume OF the currency he would urge redstri
button otherwise there would be excuse for taking
a dollar from New England To his friends from the
south he would say: When the was over they had
no money but were rapidly recuperating now and as
they wanted banks they should have the privilege OF
e,tabsbing them II sections OF the country did
not need the increased circulation they need not take IT,
and no harm would be DONE but they certainly should
be put In position where they could get NH tney
MI LOGAN said that, to confirm the statement he
th9 whole STATE q Rhode ISL, Island INTO single
fhA Revenue ONCE,