The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1874-06-15

were the following: Approprlating
100000 TO make suitable compersa-
ton for information. etc; declaring that
the settlement OF duties snail be fusl
and conclusive upon parties after the
expiration Of two years from the time
OF eutry-the Senate amendment fixed
three years. The amendment fixing
the salaries of customs officers wss
finally struck out. The amendment
providing that public carriage
shall be subject TO the regulation
of the Secretary OF the Treasury, vas
amended on motion OF Mr.. Randall by
requiring It to be let to the lowest bid
der alter July, 1875, and was then
agreed to. All other material amend
men;s to the bill were rejected. The
bill was then sent TO the conference
committee composed, on the part of the
House, OF MeSsrs. E. II. Roberts, Shell
don and Wood.
Mr. Maynard then made conference
report on the currency bill. He pro.
cesded to explain the report and speci-
fy the changes in the bill as passed BY
the House and substituted as reported
back from the conference committee
two material points, being, first, az to
the proportion OF legal tenders to be
cancelled on the issue Of more bank
currency, it being now fixed at per
cent; and second as 10 the time 'or the
redemption OF United States notes 10
cold or bonds which is now fixed for
the lst OF January, 1878. These, he
said, were concessions made 10 Oppo-
site directions.
Mr.. Lawrence asked Mr.. Maynard
whether be believed it would be practi.
cable to resume specie payments on the
lst OF January, 1878.
Mr.. Maynard replied that it would
be practicable TO redeem United States
notes il no, in specie at least in bonds
issuel uuder aCt OF 1871.
Mr.. Lawrence-O what advantage
will that be TO the public at large.
Mr.. May aynard-lt will allow holders
OF legal tender notes TO purchase gold
interest bearing bonds, and then the
Secretary OF the Treasury can use these
very notes for tre purpose Of calling 10
the outstanding debt bearing high
rate OF interest. The effect OF it will
be to fuad in few years the entire
publ debt at low rate OF interest.
Mr. Lawrence-Is there not danger
that that would be followed by 3 rapid
contraction o: currency?
Mr.. Maynard-Not az all.
Mr. Clymer. q member o. the con-
ference committee who did not sign the
report, made speech, stating his rea-
sons for his dissent. He regarded the
substitute az a transparent fraud, ln-
tended 10 allow the Republican party
to escape condemnation, and to bridge
over the coming. election. His axio-
malc financial principle was that the
only standard OF money was gold and
silver, aud he would not favor further
disgrace and misery on the country by
vo ing ior the conference report
Mr.. Kellogg rose to ask Mr.. Clymer
p question, but was met with genera
cries OF Vote, vote r from both sides
o. the House
Mr.. Maynard regretted the absence
OF Mr.. Clymers name from the report,
because 1t might seem to give sectional
character to the question ol currency,
but he hoped that the vote in the
House would obliterste any such idea.
The House then proceeded to vote on
the report OF the Conference Committee
and it WAS rejected; yeas los, nays
l46.
Mr.. Dawes moved that the subject
be sent to the new Conference Commit
tee. Agreed to; yeas l9S, nays As.
The Speaker announced the follows
ing az the Conference Committee on the
part Of the Hoase Dawes, .McCreery
and Marshall.
The House then went into Commit
tee of the Whole, NJ. Dawes in the
chair, on the sundry civil approprls-
ton bill.