, 1874-04-15
WASHINGTON.
tConfinucti from tho TirAt TnNO.

CONTINUED from tlc Firnt rnao.
t!nsA kesp and havo on opoHt In tho Treasury Of tho
tnisea S"tcs sum equal to er cs,s M Of IL" Glfsa ~
a,ic circulation and whom tho circulating Totca
Of any such association or association ,n, snai. 10
q a Or : q ~; 4 ss
states notes All nnes redeemed slall 10 chargod by
tho oomptroer Of Tho Currency to TIC respective as
ssSsa s,as s sy e. s eh
at hts discretion, Of tho ano,'nt Of sich redempons.
wllerero each naaocation so notified sf.nn iofeaWn M
in United anea notes equal to tho amount OF is CIT
clatf1E notea 80 redeemed, md, when s1ch rodem
redeemed, Or il worn mutllatad, dcfsced, now
note. Instead, Shall 10 forwarded 70 tle respective
nhall roinu',rso 10 tic Treasury Tho costs Of rc.
au1nption aud Of simplifying now notcs N Place Of
pse as md e ~ ta rcor
ssss IT. sss ;s Sss, ss:ssss s
circulation q any ons tina sha not a1cced tho sum
Of f4oo, 900 900 now authorized by existing law.
or my Of lis acts Of whieh Ills II sn anondmen do
string to withdraw its circulating notes IN whole Or IN
part. may upon iopoet Of lawful money Tishin tha
with tho Treasurer Of tie United States Withdraw
prororsionato amount Of bonds deposited IN pledge
destroy amount Of tho circulating notes Of sqch aa-
soc!aou e1ual to the amount issued upon such bondH.
~ sshR IT, 'es eseS e q @ se
shall keep itH lawful money reserves within da own
vaults At Tho raeo whers its opsrasonn Of discount
the aa!d aoctions requiring or orpormitng any Of the
aad nssoeiations 10 keep any lorton Of lis lawful
requiring or permitting tho redemption Of Its clfoi.
latipg noes elsewhere than at is own counter except
" 5no t. ra s In e nsssg
iusued ercnftcr to 10 Issued, whenever tina sans
sla come Into tho Treasury In payment Or deposit for
such rifles and regulations as tho Secretary Of the
Treasury may ho charter nnsers Of the
PRIVATE D1LLS
Mr.. BUTLER (h1aaB.) tilon moyod to proceed
to the busincss OF tho spcakor'a table. Carried.
Tho nrst business OIL tho table was veto Of q
iho Committee on Military Affairs. Various
other bllH and executive communications we1o
takon up aud roferrca.
THE SENATE FINANCE nfL1,.
finally tho Senate bill to amend tho National
Currency acta, aud to establish free banking was
reached. ...--
| GEORGE F. uoAn made point Of ordor
that 1t must receive Its first consideration In
Committee Of tho Wl,ulo, for tho renaon, among
othors, that 1t was q bill to incrcaao tho public
debt.
Mr.. GARFIELD mado IN additional point that
tho rule provides that no motion or proposition for
tax or charge upon tho people ahal be diRcuaaod
II
THE BpEAKER-"Tho Chair agrees with tho
gentleman from Massachusetts and tho gonslc-
man from Ohio, tint tho bill ia liable to obtcc-
tion; that II il doea not itself contain charge
or tux on tho pooplo, 1t is a1nondnblo by such u
proposition, mud that, it it docs increase tho
| legal-tender notes, it increases, Of course, the
| obligations Of tho United StAtcg aud ia to that
| oxtont liable to objection that 1t is d tnx-bil.
| But tho gentlemen will observe that this bill
originated IN the Senate nnd IT, f i bo open i9
not have originated it,
Mr. qAKF1ELD-Thon lot Us mako that
pqint. o,,- .,,n, ~, =.
tho Ohair to say what tho Senate Of the United
| Statos may or mAy not properly do. Where the
I1ouHo has dBagroed with tho Senate on that
| point 1t has always boon BY voto OF tho House.
+ tho House agreoa that tho sonato 1 T. sent this
men from MaBBa chusetta and Ohio fall, because
tue House cannot concede that tho Senate oriEi'
nnted this bill properly aud sont it bore properly
aud thon ask tho Chair to rulo that it is d tai
bill aud imposes a public burden.
Mr.. GA1lFIELD-Tho uouBe cannot Waivo itE
| right in tho nlattcr.
THO SPEAK Ell-The House cannot waive It'll
right on Il grave question as between tho TIVE
| branches, ant tle1 ask tho Chnir to enforce
minute ruio. Az 10 tho mode Of proceeding, th'
greatly grAyer question iH, as to wiothor thi'
bill properly originated in the Senate. II tha
| 1,n rn;n II
auostioh 10 not 31hea' tHe G1u.e 30 t;a. uouau -
presume, ana eau hnSo llo 1inus pa,,. hn,a
Dir. GARFIELD-TLon raiso the question
F that it ID not prouozly here, and should be re-
d tnrnc1 to tho Sennte
MI '.na.;,,, ~ ,,"s nn+ ,v1,at1,or }ha Houso q,
ano aoent,'n 4 ,aa VIVA pnn,t;raJnosa r. nov
4eo'"1o' w 1AA ~ ""o "oe"'''s> o"0' ~ AN'
1o2: moan t,,,n ,,odo r. mint y, or,er tha
IL; 1a,,;rs' ~, axnon'i;toro of nnmav fn
t' tho r;t;s ~ - Not;oneS Ra,,. noiss AMI Tin
,,6;,'or ~" ,,,ia tin Iii st iirst h
srI,o a1'E ~ nvorr,ed tho ,,oimt n, orae
because tho oxponso was to bc deducted fron
the banks. aud wns not to DO clargo on tn
Treasury,
lir. MAYNARD thon moved tho proviou
| -. a., .,.,,n.., Tho Copotn tt11 opg