Connecticut western news., 1874-05-08
XLIIId CONGRESS,
SENATE.

SENATE
 The House bill for the relief of persons suffering by the overflow in the Mississipp l river was reported in the Senate and passed With an amendment providing that the act shal l expire on Sept. 1, 1874. When the Louisville and Portland Cana | Bill was discussed it was shown that the U. s. Government held 9,995 out of the 10, 900 shares in the canal.
 The Senate considered the bill to enable the | Mennonites from Russia, to effect & permae nent settlement on public lands of the United | States. Mir, Ramsey, of Minn., submitted an amendment providing that in the 9th section p1 the bill the aggregate of lands held under | exceed 300,000 acres, instead of 500, 900, as reported by the committee. Nor shall any one filing embrace more than 50,000 acres, instead of 100, 900. Agreed to. MT. Ramsey also sub mitted an amendment to the 2d section of the
 bill providing that location might also be made upon certain Indian lands in Minnesota, held | in trust by the Government, not exceeding 16C acres for each member of the society. Agreed to.
 Davis, of W. v, introduced bill to reduce the tax on the circulation of State banks to an amount equal to that paid by national banks He said the tax on national bank circulation was one per cent, and that on State bank cir culation ten per cent, which practically pre- vented any circulation of the latter class eHe saw no reason why national banks should have the advantage over State banks ten to one
 The Senate passed the bill amendatory of the act to provide internal revenue to support the Government to pay the interest on the public debt, and for other purposes, approved June 30, 1864. It provides that no legal document or paper required by law to be stamped which was made, signed or issued in the Southern States prior to the list of July, 1865, shall be deemed or held as invalid and of no effect, by reason of the failure to impose thereon the required stamp.
 MT. Stewart, of New, introduced a bill to prohibit national banks from lending money on money as security and for other purposes. Re- ferred to the Committee on Finance.
 MT. W1ndom, from the Committee on Com merce and Routes, in presenting their report delivered a long speech. He said that the value of commodities moved by railroads in 1872 was over $1O, ,0OO, ,0OO 900, for which their gross re- ceipts were $473, 241 ,O55, and yet the facilities are inadequate to supply the demand. Con- sequently agriculture is paralyzed and labor interests languish.s The various routes for carrying Western produce to the seaboard were spoken of in detail, and the committees ob- servatlons and conclusions stated.
 MT. Edmunds, of Vt, introduced by request, 8 bill to provide for 8 commission upon the subject of postal telegraphy. Referred to the Committee on Post Offices and Post Roads.
 HOUSE.
 Mir. Hurlbut, of H.. submitted a report on the bill to charter double track freight rail way company from tidewater on the Atlantic to Council Bluffs on the Missouri riyer and to limit the rates of freight thereon. The report recltes the various features of the. existing railroad system, and says that the company proposing to build this great freight railroad will accept the low rates of freight agreed upon by the committee-15 cents 8 bushel to Chicago, IS cents to St. Louis, &c. The com pany asks the Government to guarantee it's per cent bonds at the rate of $40, 900 mile and while the committee is not in favor of rail road subsidies, it thinks proper that the subject should be fairly submitted to the consideration of the American people. It therefore reports bill without any recommendation Ordered to be recommitted and printed.
 Mir. Southard, of Ohio, offered resolution instructing the Committee on Banking and Cur rency to inquire and report the reasons why the $25, ,0OO, 900 of national bank currency, author ized to be withdrawn from the States having more than their proportion, has not been with drawn and distributed under the provisions of the act of the 18th of July 1870, and what further Legislation is necessary to secure that result
 Mr. Hereford, of W. Va. introduced a. bill providing that the tax on State banks shall not be other or greater than the tax on national banks.
 Bills were introduced repeating all statutes which forfeit widows pensions for second mar riage; to permit parties to testify in their own defense in United States courts to provide & free system of national banking and for the resumption of specie payments to facilitate the resumption of specie payments, and to prevent fluctuations in the value of United States notes repeating all laws imposing tax on State banks; to impose tax of five per cent. on all incomes of Individuals and corpora tions exceeding $5,000; declaring it oppressive to impose additional taxation, and inexpedient to retrench on necessary appropriations already made in the interests of commerce, and pro- viding as 8 measure of temporary relief for the issue of an additional fifty millions of legal tender notes.