The Portland daily press., 1874-02-21

COMMITTEES not in favor of contraction. TT
(GOrdon) believed that in the multitude O
counsel there was wisdom. The Finance Com
mittee did not represent either the wishes O
best interests of the country. Rather thar
give vote on this floor to perpetuate upon BIZ
people the yoke they now wear, he would SCI
his right hand wither at his side The nationa
banks made % per cent per annum out of The
toll and labor OF the country, and it was nc
way to get out of the difficulty by increasing
these banks He did not think the produce Of
hir section would agree with the Senator from
North Carolina (Merrimon,) that he would not
go in and help strike down this monster. He
aamonished the Senators who heard the voice
Snc Tine banks and turned deaf ear to the
uucinS classes of the country, that it was a
LUIS 70 suppose the question could be set
;leu 10 opposition to the demand of the labor
Ing classes. They had drawn the sword on
snre as tbe nd or party feeling and
sure would the producing classes of the Tinted
states unite and rise as one man to demand
that this monopoly be broken, He boned The
| motion to reconsider would prevail '"'
M. herry OF Conn.,, moved to lay the bill
ana all the amendments on the table lost
| Yeas II, nays &c. N''''
MI. otewar. S..;I that the experiment of is
suing unredeemabie paper currency had been
tried by many countries and always CONDEMNED
The nation could not pay its debts with paper
money, and he did not propose to pay our bonds
.eihS PlibttuS PRESS uub WOuiu pay
them in gold. 1t had been said that we could
not get enough gold, but he denied this Forty
millions of people would get all the gold neces-
sary,, 1t bad been legislated out of the couu-
try but with the products of the mines and
be accumulated. He hoped that legislation
would not be further in the direction Of dis
honesty, but would come back to the bare
pr ncipal
Mr. Boreman, at 415. moved that the Senate
nr0Gpad 10 dor 49,
ness.
BIT. sherman called for yeas and nays, and
gave uotice that he would call for the yeas and
nays ON every proposition
MI. foreman withdrew his motion to recon-
slider the vote DO which the substitute of Mr.,
CooPers was adopted yesterday, and it was re-
scinded, yeas 81, nays 2s.
Mr.. Cooper's amendment was then rejected
Inc question recurring on Mr.. Merrimon's
amendment it was adopted yeas %, nays %
Mr.. Merrimon's amendment as adopted in
structs the committee to report as soon as prac-
tcacie, a GIll providing for the increase of ma
tIonal bank circulation so the whole volume
thereof shall not exceed $500. OOO,O
Mr.. Dawes moved an amendment instructipg
the committee to report so as to provide for free
banging under the present national bank law
Rejected without discussion.
me question required on Mr.. Buckingham's
motion to recommt.
Mr.. Cameron moved to proceed to the consid-
Grafton of executive business
lf, nays 80.
MI. Schurz said he desired to speak at length
on the financial question.
The question required on Mr.. Cameron's mo-
tion for an executive session, and it was agreed
to.
The Senate at o'clock went into executive
session and after few minutes adjourned till
Monday.
HOUSE.
Mr.. Beck of Kentucky. and Mr.. Grassland
OF Kentucky, made personal explanation and
apologtzed to the House for the scene of YES
terday. Reports of the committee were made.
After some time spent in Committee of the
Whole, on the private calendar. the House on
motion OF +. H. HOar took recess to give an
opportunity for the introduction of the Chief
justice to the members individually. The
ceremony was gracefully performed by the
Speaker. The House then proceeded to the
consideration of business connected with the
District Of Columbia
bill authorizing the Washington CITY and
Point Lookout Railroad Company to extend its
line through the City of Washington produced
good deal of agitation and excitement. it be-
Ing opposed generally by members from Penn
sylvania which opposition Mr.. Hale of New
YORK, attributed to the influence of Tom Scott
and the Pennsylvania Central Company, while
it was developed on the other hand that Mr..
Chapman, the delegate from the District was
Vice President of the Company. The discus
sion was carried on amid great noise and con-
fusion
Mr. Negley of Penn, moved to lay the bill
on the table, pending vote, the House ad-
journed.