The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-06-09

would Be called il by July, 1875. He
thinks that this could be done,uuder q
free banking law without Injury to the
business Of the country. TO aid in
bringing about specie payments, and
to prevent further suspension after re-
sumption has once taken place, the
President would like to have the na-
tional banking ACT 80 amended that
no notes of lower denomination than
ten dollars should hs issued. He says
that it is his belief that if, since 1850,
no bank had issued notes Of low de-
nominations 'below ten dollars" and
the same had been true OF the grepn-
back issue, no suspension OF specie
payments would have been necessary.
The President has also said that he
will go no further toward signing all
expansion bill than he indicated IN his
veto message, as hs feels more satisfied
than ever with the position he then
took.
The House passed the bill relative 10
tho Mississippi levees. This is re-
garded ns another act of justice to the
Southwest. It provides for the ap.
pointment Of commission of two Of
fcers of the engineer corps and three
civil engineers, TO make a full report
OF the best system for the permanent
reclamation and redemption Of the
ailuvial basin Of the Mississippi, which
report the President is to transmit to
Congress at its next session, with bis
recommendations thereon. The civil
members of the commission are to re-
ceive So, 900 year each and travelling
expenses, and the secretary to receive
$500 per month. An amendment max
ing the commission consist of three
army engineers and two civil engineers
was adopted. The bill passed by ricd
r0ce vote.
The Committee of Conference disa-
greed about the Freedmen's Bank.
The Senate insists on its bill, which
provides for complete winding up of
the affairs OF the bank in this olty and
all its branches. The House bill al
lows the bank and it's branches to con-
tinue to do business. but sets forth ex-
piiois!J upon what class OF securities
loans shall be made.
The House Committee on Foreign
Affairs has decided adversely on the
claim OF the widow Of james L. Orr,
OF South Carolina, for extra allowance
to him as Minister to st. Petersburg.
Mr.. Orr did not leave for his post until
the second week in February, 1873,
and died on the 5th OF MAY, 80 that
he actually did not serve as Minister
more than two months. He received
in all from the Government $9,273,
which the committee think was very
ample allowance for the seryise per.
formed.
WASHINGTON, juno s. Charles
Francis Adams, in letter to Senator
Window, expresses, in the light of his
experience as Erie Road Commits
siener, dissatisfaction with the McCray
bill to regulate transportation by rail,
as going great deal too far. and with
Mr.. WINDOWS suggestions Of simple
measure for investigation, which don't
go fur enough. Adams does not be.
lieve 1T possible for any nine men, no
matter how il ,nest aud experienced,
to properly revise oil the running rail.
rend tariffs in use in the United States;
aud even If they could, that they would
be able to reach the root of the present
difficulty. The difficulty is the natu.
raj ontgrowth OF the whole system and
the theory Of railroad constructing,
and it cannot be regulated without up
setting the system, that of private
ownership regulating competition.
The Senate passed bill to release
9. l.. Stevenson, of Virginia, of bis
political disabilities. The House re-.
fused to suspend the rules to take up
the Senate Civil Rights Bill aud refer
1t to the judiciary Committee, by 1916
to S7-not two-thirds in the aflirma.
tive. The House passed bill for the
admission of Colorado lis State.
Probabilities-For the Northern
portion of the Middle States and the
lower lake region, threatening weather
and rain, increasing Easterly or South
erly winds. high temperature aud fnll.
ing barometer. For the South Allan.
tic and Gulf States, Tennessee, Virgi-
nic and the Ohio Valley, partly cloud =
and continued warm weather, South
east to Southwest winds and slioht
changes in the barometer. The lower
Missouri River will rise slowly. The
lower Mississippi will fall during Tues.
day.
NEW ORLEANS. June The Cotton
Exchange has adopted revised rules,
looking to reformation in the manner
OF handling cotton ut this port-the
object being to prevent peculations.
which have heretofore generally re-
suited in reducing the weight of each