New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-02-18
.LIup CONGRESS-1sT SESSION

ELECTION CASE UNDbR CONFEDERATION IN
SENATE. .wAsHIsGToN. Feb. II, 1874.
The CHAIR laid before the Senate a cOmmu-
ncation from the Secretary OF the Treasury incosing
the annual report OF superintendent Of the Coast
Survey. Referred to the Committee on Printing
Mr. sCHURZ Qdb Rep. MOI presented petition OF
promnent bankers and business OF st. Louis depre-
eating any increase the volume of currency ana raw
orinc speedy return to specie payment Referred to
she Committee Finance.
THE CUSTOMS REVENUE SERVICE.
Mr. FENToN QAb. Rep, N. " presented petition in
regard the customs revenue service signed by mer-
chants and importers OF New-York City, IN which they
speak Of needed reforms that service and urge the
massage OF Senator Fenton's bil which they believe
will remedy IN great measure. the evils complained or
Mr. FENTON said that the bill referred To- he pre-
scented a little more than two years ago, and 1t was
referred 10 the Committee on Finance. That COMMITTEE
after consultation with persons familiar win INC Gus
toms Revenue Service, and who were competent 10 al
and after consultation with the then secretary o
bill proposed TO equaze and adjust the compensation on
Customs officers that those who In any other wOTKs
OF life would be amply compensated with $1,000 or 5000
per annum should not receive $4,000 in the customs
system of moieties now "a curse 10 the service. This
moiety business authorizing the seizure OF BOOKS ana
papers was a fruitful source OF numerous inquiries anu
frauds on the part of Custom Revenue oihcefs.
The bill also proposed 1amn and m porter.
lie urged it's passage, but was met by the CHAIRMAN ..
the Committee on Chl Service Reform VINO ss1 oS
Teport tbeir views TO the senate Unfortunately the bill
fingered and failed to pass AT the next CSmperee
said the subject one requiring It's acu0n anu
Comnitec and it had sumbered in the pigeonh0es OF
tbat Committee since early IN the present session. %
acan moved that 1t be referred 20 the Committee on
Conmcrce and ne did not think 10 too much for MIN 10
ask now, that the Committee wOuld report ,o Ia
yemeSicd and the reproach upon Government re-
The petition was referred to the committee ."
Mr. BUCKINGHAM Rep., Conn., said that he was
Chairman OF the Civil Service Reform Cothn i to
ferred 20 by Senator FentOp. and he begged leave W
state that there was no want OF dlgence on tc par t
that Committee or any member thereei ana was nUe
the fault Of his Committee that the Dill had NOT oeeh
passed. - 4, ,,..oo -, ,J1,
ary Affairs. reported substitute for the olu 10 lucease
the pay department of the army. Placed on the caen
Mr. BOGY Dem MOI introduced bill TO repeal
Section IA of the sundry Civil Appropriation Dill OF ISL 81
relative the Black Bob Indian lands IN KANSAS he
ferred to the Committee on Indian Affairs; .,,,. -
Mr.. CONKLING (2ep.. n. " presented petition OF
Convention m Phladeiphia in 1876 the Fourth of
July. to proclaim Peace on earth ana goOd VIII among
where the petition Should co. but supposed to the Judi
eary Committee and it was so referred
THE BANKING QUESTION.
Mr. BOGY Dem, Mo- submitted resolution in
strucung the Finance Committee to Inquire into the
expedeney OF providing that hereafter all banks shall
be organized or chartered by the States each state to
decide the question as TO the number of banks and
capital required for its legitimate wants, and each state
deemed proper; all banks to he organized under the
provisions OF law reqHng the deposit E Sl oOd
ernmont 10 have the passing OF such bonds ana the Is
sSaS Dl ao Of r5e eu 1a said while he
in favor of a free Banking law, IL might lead 10
great financial troubles hereafter lie knew IL was open
ing the gate very WIDE thought it much better to
this matter with the States than retain IL III the
MT @oRRIIL rep Mel inquired If 1t was not ont Of
address the Senate in the morn
The CHAIR replied could only be by unan mous
consent Tue practice of addressing the Senate in the
morning hour had In the last year or twO but
it was intended that hour should be for business
for debate. As the Senator from Maine objected,
debate out OF order. The resolution was agreed TO-
THE CURRENCY EQUALIZATION BILL.
The morning hour having expired the Senate resumed
the consideration Of the bill to eOuaze the distribution
of currency. the tpendrng motion being that OF Mr.
Buckingham, 10 recOnmit tue bill to the Finance Com
mittee.
Mr.. MERRIMoN Dem, n. C) moved an amendment
10 instruct that Committee report prac.
ticabe, bill providing for increase of the National
should SrDS not exceed 500 GOO ""''' '''1''
Mr. WRIGHT (I3ep., Iowa) said he wOuld oppose mo-
ton TO Ieoommit the bill He believed the Government
should be divorced from the banking business and
not like the amendment Of the Senator from
Pennsylvania (Mr. Cameron passed lie gave ~ as
note OF warning that In coming wears nothing would be
reprOach TO the action of Congress the fact Of
its legislation TO organize banks where OF Con-
gress became members of such banks and legislaed
upon the subject He hoped further steps would be
taken toward the organization of National banks
Mr.. SCOTT Rep, PENN submitted an amendment to
i.
the whole body the National currency specie
Understanding bonds OF the United States He said
he hoped the motion TO recOmmt would be adopted The
way dispose OF tins whole question to refer
II back 10 the Committee and get Its views on the
Mr. FERRY rep. Mich) said that the question to
commit carried with IL the question as to whether there
should he expansion contraction of the currency.
He could nothing TO be gained by the reeomnlttal
and the Whole debate would be gone over again The
effect of the motion TO reoommit was practically to
waive the question before the Senate.
ing to coin redemption were impractlcable as there
draw TO this country any large of without dis
turbing monetary relations OF other countries, and
that would work TO our disadvantage me United
States has OO00 Of its notes outstanding which
it has promised to pay. What could be the objection to
the Government giving for that note bond on which
the interest would be paid promptly. 1t had been said
that the result would be contraction OF the currency
would flow into the Treasury and could be paid out
again the purchase of $40 bond, and this kept in
circulation If banking should be established there
must be coupled with il some plan OF resumption Al
with the solemn declaration that the greenbaeks should
be made as good as gold nothing had yet been done
looking to that end but instead II was now proposed to
increase the currency again He thought the proposition
of friend (Mr Cameron for an unlimited issue of
paper money unwise, and, II adopted, would array
ganst our promises pay the whole banking interests
OF the country which he was sorry 70 say were already
Cdr CameronJ. by his proposition was attempting TO
create balloon with bladder ana he had neither
bill would stripped Of all things thrown around it,
and passed as reported by me Committee. The other
MT CAMERON Rep., PENN said he had not attempted
IN make apy balloon without drags. He would take
sneh men as his friend from Ohio Mr. ShermaD), who
had no faith the country, no faith IN themselves. He
INT Cameron believed the country would resume specie
nsyment in due time. Give the people time to work out
their necessities and specie payment would be resumed
The country could soon resume these geenbacks were
out OF tho way and he proposed by his substitute to
take them out OF the way. IL this measure should 20
back TO the Committee they would still have their own
notions aud would endeavor to strengthen such notions
before reporting The result would be that ~ would
come back In such chaotic condition that the whole
question would be again.