National Republican. (Washington City (D.C.)) 1872-1888, 1874-03-24

N1RTY-THIRD CONGRESS
EAsaAeE OF rHE LEGAL rErDEl
BILL BY THE HOUSE.
9HB AMOUNT OF LEGAL TENDERS FINEI
AT FOUR HUNDRED MILLlONs-VoTE ~
DETAIL ON THE RILL-sENATE DEbAIl
ON EQUALIzrxG THE CURRENCY I'M
RREE BANKING BILL REPEALEn'
MONDAY, March q 1874.
~, rrpRY of Mich presented memorial o
- citi.ens of New York, business men, In favol
- a further expansion Of the currency to tn
AMOUNT Of at least four hundred millions, And
Avor OF free banking. He read . letter from Nss
York to the effect that sixty TO ninety per cent
The people, the business men and the populaee
we're In favor Of more currency. Referred 70 Com
nittee on Finance.
Mr.. oONKLING presented petition Of citisenI
81 Twenty -hfrh Congressional district Of Ne"
York In favor Of international arbitration. he.
fefred 20 Committee on Foreign Relations.
Mr.. CHANDLER presented joint resolutions o.
Legislature Of Michigan praying Congress &c
amend the postal laws SO rs TO secure freeex
change OF newspapers and free circulation OF
county papers. Referred to COMMITTEES on fos'
O1iees.
PETITIONS PRO AND CON.
Mr. CONKLING presented memorial Of thu
New York Cotton Exchange in opposition to inaa.
sson of the currency and in favor Of specie resump
Sicu. He said that IS the Senator from Michigan
lllr. EEaRyl had read an extract ffom letter 70
eeiysd from New York, he would ask to read On
extract from Q letter Of Grinnsll, Mintprn Co.
Transmitting the memorial. The letter said thai
the writer's did not believe that scarcely any bust
mess men OF prominence IN that city favored any
ezpapsion OF the currency. Mr. G. said that he had
recently besn IN New York, not only the city, but
h interior Of the State, and had met many dis.
Serning pcople-people who were the opponents
- the sentiment Of the community. The general
suppression was, that whatever was to be done
should Be done at once, whether II WAS to be con.
traction, inda tion nothing. Congress owed It to
5tseH 70 lose not another day nor an hour In act-
~, % that the people should know what to ex-
pea. The whole spring business was Suspended,
Almost pafalyIed, because Of the uncertainty -
% what oosgr ess would do. When Congress
acted, and II xss known what to expect, then the
vive
Mr.. LOGAN pfese nted memorial signed, he
said, By $50 business men Of New York city, in
plu1ing II. B. Ciaain o., Devlin 4 %. and
others, asking A decrease In the volume Of the
currency sunaciont - meet the needs Of business
men. Al an illustration Of the scarcity Of cur
rency In the Weet III. LOGAN exhibited various
shinplastcrs Issued By railroad corporations and
private individuals in Illinois Of denominations
ranging from IS to hve cents.
HoRx PETITIONS.
~ IA a ~ A. ngtg
sens Of West Virginia asking An appropr: -tion
for the improve eut Of the K anaWha river. Re-
1erred to Comm1ttec ON Commerce.
Mr. MORTON prose ted . petition from sew
eral thousand solored Inhabitants Of tho Indian
Territories complaining that they are now de-
prived Of neIkly al their civil rights. Referred
% Committee Oh Territories.
Mr.. FRELINGHUYSEN,f from thu Committee
on Indian Affairs, reported o bill authorizing the
Secretary + the Interior to use certain unex-
pected moneys for the removal Of the Kickspoo
and other Indians from Texas to the Indian Ter
Titory.
Mr. HAHLIN presented petition Of citizens
Of the District Of Columbia against the sewerage
tax Imposed by the District government, and ask
ins 70 b 1lieIs4 j4srefr0m. Referred to Com
Mr.. MORRILL,, Of Me-, called up House bill to
authorize the granting of an American register to
WV sShvoaei SaIIle, vi 1aetpoIt, l0e. 4osscu
FREE BANKING.
Mr.. SHERMAN, from the Committee on Fl
nance. reported the new bill to provide for free
banking, and to fx the legal tender circulation.
He gave notice that tc-moffow be would offer 1t
~ Q Substitute for the pending finance bill. This
new bnl was compromise between the members
Of the Finance Committee, some Of Its features
were not approved Of by several Of the members.
He had given his own adhesion to some of the |
provisions Of the bill with great reluctance.
Mr.. THURMAN asked MIR. SHERMAN If he did |
not propose to give some explanation Of the prac-
teal working ofthe measure, If 1t should become
Q Law.
Mr.. SHERMAN said he did not propose making |
any long speech, but tomorrow he would make a |
brief explanation Of each section and the effect Of
the adoption Of the same.
Mr.. STEWART submitted . resolution in |
STRUGGLING the Committee on Rules to inquire into
the expediency OF extending tho morning hour to |
Lao p. m, and that during the same no debate |
shall be in order on any subject not regularly be-
fore the Senate. Referred to the Committee on |
Rules. |
Mr.. CONKLING, from the Committee on the |
Judiciary, reported sundry bills In reference to |
the bankrupt law, and they were indefinitely |
postponed.
NEW TERRITORY.
Mr.. FOREMAN, from the Committee on Ter |
Iitorics reported without amendment Mr.. RAN |
sKYs bill, providing for the formation Of the Ter
ritory Of Pembina. (The new Territory Is to con- |
sist Of that portion Of Dakota which lies north Of
tho forty sixth parallel, and will embrace an area
of about 1000 square miles. The line of the |
Northern Pacific railroad runs through the pro- |
posed Territory about Midway
BILLS INTRODUCED.
The following bills were introduced:
Mr. Rill yjat i'm mn fowl /
removing from Red river, near Alexandria, La,
the Bailey dam, constructed under orders of Gen. |
n. r. Banks during the war Of the rebellion.
BY Mr.. MITCHELL: Bill to incorporate the |
Oftisens Mutual GasLight Company Of WASH
ington city.
Mr. wADLEIGH introduced bill extending /
the patent Of John Haxleton for patent water
wheel. Referred to Committee on Patents.
By Mr.. RAMSEY: Bill granting land to the |
State Of Minnesota for the establishment of ar |
astronomical observatory. Referred 10 Commit |
tee on Public Lands.
LAND TITLES IN NEW HExIco
Mr.. BOGY, from the Committee on Private |
Land Claims, reported substitute for the bill in
reference 10 land titles In New Mexico. The sub
stltute provides for the discrimination Of the va
ldity Of land titles from Spanish or Mexican |
grants in New Mexico, Colorado and Arizona, |
comforting Jurisdiction of the same upon the |
United States courts in the Territories, and Al
lowing appeals to the United States Supreme |
Court, all claims to be presented within two years
Of the passage Of the bill.
MIR. THURMAN gave notice that he would call |
mp this BILL after the currency question was dis
posed d: 1t was an important question concern
ing the people OF these Territories, and ought to
have been settled twenty years ago.
Mr.. WEST moved to take up bill to provide |
forthe improvement Of the mouth OF the Mtssis- |
sppi; which, AFTER discussion, was not agreed TO-
TIE CURRENCY BILL.
The unfinished business being the bill to equal
izc the distribution Of the national banking cur
Iency, was then taken up.
0Mr. MORTON said the Senate was divided into |
three policies-those who favored immediate re-
sumption, those who believe in remaining in |
active and those who believe some increase o. the
currency is necessary 70 meet the demands Of
business, which would be given by making bank |
ing free, allowing the West and the South such |
banks as their local wants require, and that |
whether We return to specie payments or the cur