, 1874-02-17
pasaago Of tho bill for tho withdrawal Of cur
ronoy from Now England. Laid On tho tab1o.


In presenting tho charges ho desired 1t to bc
understood that he snil nothing In favor Of or
against them. uo moved thesnbjoot bo referred
to the Committee on Privileges and Elections
SO ordered.
L1nEn1AN COLONIZATION.
Mr. FRELINGHUYSEN N. - presented q
memorial OF colorod citzens stating that nuI-
her Of them had applied to tho American Colo
llizntion Society for transportation to Liberia,
and tst tho Society vas unable to s9n ho
to carry them to Liberia md bring back produce.
Also, asting tho aid Of the Government for tho
construction Of ra1lroad into tho interior of
Itberia.
Roforrca to tho Committee on Commerce.
CREDENTIALS PRESENTED.
Arr. JOHNSTON presented the credentials of
z. e. WitherB, oleotod Unitod States Senator
from r. Vtrgni' to auccood Lewis. Road and laid
nEaoLuT1oN8. PETITIONS, ETC.
bfr. ALLISON presented tho Joint resolution
Of the 1owa Legislature aslting all appropriation
for tho i1np1oyoment Of tho Fox and Wisconsin
Mr.. LOGAN prosentod petition Of tho nli-
nots Legislature, .citizena Of Chicago, and 9th
ors naklng for MI increase In tho volume Of our
roncy. Reforrod.
LAND.GnAHT DILL.
N1r. RAMSEY introduced q bill to roviBo and
continue in forco certain landgrauts in the State
OF Minnesota to aid in tho construction OF the
et. Paul Pacific railroad. Referred.
ORDER OF HusINEHs.
Whom tho bill for tho appointment Of tho Com
mission OIL tho Bubjoct OF tho alcoholic liquor
traffic was reaohed, h1r. WRIGHT gavo notice
that ho would call It up tomorrow morning for
consideration n the morning hour.
hlr CAMERON gavo notice that on Wednesday,
bill In relation to the Centonnial Exhibition.
Mr. SHERMAN Baid le would object to any,
thing being considered until after tho present
bill to equelizo tho distribution Of the currency
bo disposed Of.
TEA AND COFFEE DUTY.
Er. WRIGHT <1a.) presented a potition Of tho
citizens Of Iowa for the restoration OF the duty
on tea aud coffoo, and an increase of duty on
manufactured goods. Referred.
THE CURRENCY RESOLUTION.
at tho expiration Of the morning hour tho
Senate resumed consideration OF tho bill to
equRlizo the currency, and Mr. Cameron offered
q substitute for Tho Oommitteo's bill ropealing
all nets Of Congress- which limit or restrict tho
that all aaaoclations organized to carry on bauk
| ing Bhnll bo free to establiah national banks
| with circulation aubject to . limit now provided
By law, except the limit aa to capital, which Ia
hereby repealed.
11r. CAMERON, in advocating tho adoption
| Of his substitute, aaid ho had not heard single
business nun Bay ho had enough currency. Tho
National Banking eysten1 had dono much good,
and should ho extended. Tho substitute was
designed to satisfy tho demand for moro money
without causing any shock to capital already In
vested in good faith. The law now gave fixed
amount Of currency, allowing no groakor
! abundance Of money at Que tfme thnu
anothor. This taxod amount Of currency Was d
terror to lonost men and jubiloo to Bpecuiators.
Tho incrcnso Of National Banks would enable
the Unitod States to roBumo specie payment
Boomer than by any other procoaa: Tho preaont
National Dank currency was equally us Bafo, aud
far moro congoniont than metallic currency.
lncrense the facilitloB md National Bank notes
would aoon tako tho place Of groenbacGs.
Mr. PNAIf said N assompt to return to specie
raymenta now WOULD bo disastrous to tho wholo
looking to epecae payments nov: lie @ Would sup"
pors tne substitute OF tue gentleman from Tonil-
sylYanfa nolaoV1ns ae TO no wise ono. ne Ia.
vored resura 70 spec'G Rayment, ~ coalu not
ena. ~ eyos - Wy lact t.s 'no oliy toau ~ to.
eamptlon was py contrac1lor' and tint WOULD DC
| olbaattoMs 20 tae eoMnlEy:
Mr. FHE!iNdAU1SEN opposed the Substi'
tue, ana SAD lts adoption would bo OF greater
~ eG }hn, ta raho and ouhobS n 1 "
tho country than tle renoulon Wss. Ao favored
mora taxes. 40 oeuegad Tue Tux on WHISKY
ehould be increased to " gallon, aud on TO-
osccu 70 2a censs pouna: dho s ploos9 gwen so
Pay tho Iseaaary notes IN coin should DO re-
nj. FLANAdAN favored return to specie
payments o. o. soon 9s praos1caolo.
ME. nu9h1MdAAnl I:t mo'oo thas tho plli DC f.
comuilttea 70 sne flnhhce Connllteo, and. VIII
" tT.e.t~" 80 -
cuasI9n, the oomm!ttee could frame q, bn winch
Moulo ha5monlze WIN 1no Vows OF tne mo]or1ty'
lie hoPea als motlon would 20 aaopteo.
Mt. nonioN saia no saw ?f, No adytahtage 70 no
salhed py Recommending tne o!l: Inree nontns at
nearly hhu Already paasod, anu, 80 lar a6 tns
finance merBn6o M waa concerned, nc progress aatl
ooen maoe. Ino colnLhltseo ntst nio16ns aoi.
wafd tesoluton o. sontlmental 9'S cnatactel
thotr twehty-nvo mnlioh 81 nlli), Whch "aa q aoft
OF hait-way measure I9e questo9 must ne
settled ny tue senate, and. b9ing no" betofe lilo
oonate, 1n sn9mM oe aeteEnlnoa; :-,.4 J..
Mr, eColI SAG no tnonght Ilme mle1s Ds
saved BY recommittlnR tue oll, anu ,et tho uonl'
mitteo T9R9fs measure coYollne al 9uestions.
nr. shEhmAN a., hala a tne tlnanco 1 uomnnttoo
naa leEoeteu u onl 10 94uanao tuo currency ~ q
pona-aae moasule, aug na u,u not oeIevo thoio
Wero nvo sonaIofs against Iae otlslnai pfoP9hs-
tlon. Dus IL 4aa oeeu !oAoeu oo"u Wl'a otne1
auestlona. ne "ouiu tneielore VOTE lof tne 1ao-
ton TO Tocomm;t ratnef 1nan Prolong tho alaons.
eion. Iho Oh! nao peen ansa61,nl2on WIN esoly
eort o. ploposlaon, hVo!slne tno "uo'a 6ehesIIA' 6s
quest!on OF nnances, nno NJ aoups ~ Woalo pe
pettof LOT the Conmlttoo no" 70 11amo homc