The New York herald., 1874-12-11
HOUSE OF REPRESENTATIVES,.
WASHINGTON, Dec. 10. Is


HOUSE OF REPRESENTATIVES,.
WASHINGTON, Dec. 10, 1874.
Mr.. STowBLI. rep.) Of Va, rising to a question
OF personal privilege, referred to charges made
against him by his political opponent (Porter) Of
having sold naval cadetshp for 81, 900 to one
Schoolcraft, and OF having sold his votes other
questions He said he had not had an opportunity
Of denying it before the election, but the result OF
the election had shown the opinions OF his con-
stituen,s. He had subsequently in a letter to the
Petersburg Inder denounced the charges OF Porter
as Infamous lies and vile slanders. He now asked
tor an investigation by committee OF the House.
The matter was, on motion OF Mr.. FRYE, (rep.)
OF Me-, referred to the Committee on Naval Affairs,
with power to send for persons and papers and to
report at any time
MIR. BECK, (dem.) of KY, offered q resolution
calling for the report Of the present conditon OF
the Freedmen's Bank setting forth what progress
has been made toward closing up Its affairs.
Agreed to.
MI. WHIrTHoRNE. (dem-) of Tenn, introduced
bill directing the Freedmen's Bank Commissioners
to declare immediate dividend and to institute
suit against the trustees, officers and agents OF
the company with q view OF holding them per-
sonally liabe Referred.
Mr.. buNNELI- trep.l Of Mlnn., introduced a pin
for the extension OF time to the Winona and st.
Peters Railroad Company to extend It's road.
Re ferred
TO print $50 900 copies OF each OF the agricultural
reports tor 1872 and 1879 Referred.
to amend the rues so as to make 1t in or1er to
move to amend any appropriation bill by abolish
ing any ONCE 0i proic epoyen1 c or c CE 1ca
Referred to the Committee on Rules.
BILLS INTRoDUcED.
bills were also introduced and referred as fol-
BY Mr. WILSON, rep.) Of Iowa-For holding
term OF the United states District Court at Bur-
linQtOn, Iowa.
Mr. Wsos sp Of inaTo repeal the
1861, amendatory Of the Judicial Act or 1889; also
prescribing the jurisdiction OF the Circuit Court
BY MT DUEII, (rep.) of N. Y.-Authorizing the
Postmaster General to contract Tor carrying the
malls na Sew ana Hay and 70 tne Islands or
JAMAICA Trinidad aud Martinique.
BY r IN McDSyGAn ne o. Tmro reduce
BY Mr.. ScuDDER, trep.) OF \. J. TO amend the
act Tor the construction OF the Jersey City Post
Mr.. SWAMI, idem.) or Nd, from the Committee
on Appropriations. reported the Diplomatic
and Consular Appropriation bill, appr Opriatlng
$l,344,7S5, which was made. the special order Tor
the sd inst.
on Commerce, reported bill amendatory OF the
act for the construction Of the ST. Louis Bridge
across the Mississippi River. Made the SPECIAL
Mr.. WILLARD, (rep) or VT, irom the Committee
on Foreign Affairs, reported bill repeating the
third section oil the last Diplomatic Appropriation
bill, which, alter explanation by him. was passed.
The repealed section torblds consular officers to
grant cerufcates for goods or merchandise ship
ped from countries adjacent 10 the United States
which have passed consulate, after purchase, lor
A CASE IN THE COURT OF cLArMs.
Mr.. BRIGHT, (dem.) OF Tenn, offered preamble
and resolution in regard to the Hot Springs reser
to suspend action in the case during the present
session OF Congress, In order to give the heirs OF
cain. n LA long report Was read and iurther ex
planation was made by Mr.. Bright In support OF
Mr. r POTTER, tdem) of N. Y, opposed che reso-
luton and argued against the propriety OF In.
terIering with the action Of the Court OF Claims,
intimating In the course OF his remarks, that the
title to the Hot Springs was in the government
and not IN any private individual
Mr.. WILLARD, of Vermont, also opposed the res0-
luton suggesting that one object Off was to delay
an anticipated adverse decision against all the
Alter iurther discussion the resolution was re-
ferred to the Committee OF the Whole on the prl-
THE 8 65 FINANCE BILL.
The House then, at a quarter to two P. NJ, went
into Committee OF the Whole, Mr.. TYNER, rep)
OF md, In the chair and resumed the consider
alton OF the bill authorizing the issue Of S.e5 con-
vertiole BONDS.
Mr. WILLARD. tepl Of vt, offered an i amend mi, d
alter the ist OF july 1875.
Committee on Ways and Means, opened the debate.
lie spoke OF the present cond1tOn OF things as be-
Ing raught with evil, and said that the patience OF
the people was well nlgh exhausted. The qucs-
! tjon was whether the pending bill would remedy
the evll. There was no lack Of earnestness i ior
ion as to what wond prove remedy. why was
IL that labor was out Of employment and that
capital was not wiling to venture Itself IN the
hands OF labor His colleague mr. Butler) had
gwen as reason tnat capitalists were afraid lest
Congress should contract the currency. HIS col
leagues argument had two parts; frst-That cap
italists would not ienn money on time, because
they were afraid that Congress and the Executive
would contract the currency.
Mr.. BUTLER, '(rep.j OF Mass.-That is not my pro-
position.
MI. DAwEs--n there was anything in the argu-
ment IL would be because the currency when con-
lractcd Is not worth as much 10 tue creditor when
his debt 1s paid.
Mr.. BUrER-Not at oil.
Mr.. DAwEs-lf money Is worth more 10 MN
wnen the sebt Is PAID. then, u course ne " Wonla o
capitalists are AFRAID 10 lend money on time lest
tne currency should be, not contracted nat oa ex,
currency 10 not worth as mucn Us contracted
currency.
mslepresenting his tButler'sl argument.
Mr.. DAWES, TO show that ne was not mtsrepre-
ler's speech wherein ne said tnat II man wants
money as business loan he cannot borrow IL on
commercial paper at less than seven, eight, nine
and ten per cent, because IL was understood that
Congress and the Executive were determined TO
contract the currency until specie payment was
Mr.. BurLEs-That is true.
Mr. DAWES proceeding with hts argumen) de-
Gardeldj, he rcjoced that the hands Of Congress
were being stayed up In the effort, II 1t had the
courage TO make It, 10 bring the country back TO
the laws OF trade.
STRETCH oP FINANCIAL IMAGINATION.
the enort OF the pending bill, however was 70
perpetuate the present condition OF things. AS
10 Its saving interest TO the government he pro-
ceeded 10 demonstrate that il would increase the
burden oil interest to the government. he also
argued that tnasmuch as q ave per cent thirty
year oonu, payable IN god, Is now worth only
par ii the marEet 365 thirty year gold
bonds wonid he worth only eighty Jour per cent.
and, II payable IN currency, would be worth ten
cent less. lie cnuracfprixed M Kelley, 20 ideas